Specialty Gases Market to Surpass $ 14 Billion by 2026
Rising
demand from developing economies coupled with expanding metal & mining
industry to fuel global specialty gases market through
the forecast period
According to TechSci
Research report “Global Specialty Gases Market By Application, By Type, By Region, Competition Forecast and Opportunities, 2012-2026”, the global specialty gases market is projected to cross $ 14 billion by 2026,
predominantly on account of surging demand for specialty gases from developing
economies across a wide array of applications. Specialty gases are specifically
produced for specialized operations in various end-user applications such as
electronics and semiconductors, analytical and calibration, refrigeration,
medical and healthcare, manufacturing and others. They improve the production
process by making it more efficient, in addition to aiding in improving product
quality.
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Specialty Gases Market"
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On the basis of type,
global specialty gases market is broadly categorized into pure gases and gas
mixtures. Pure gases dominated the global specialty market in 2016, and the
segment is projected to dominate during the forecast period as well on account
of vast usage of specialty gases across various application segments like electronics
& semiconductors, analytical & calibration, etc. In application
segments, electronics & semiconductors grabbed the largest share during
2012 - 2016, owing to growing use of specialty gases during manufacturing
processes of IT hardware, consumer electronics and office automation products. Asia-Pacific
is the market leader and is likely to maintain its dominance during the
forecast period as well, with high demand for specialty gases from countries
like China, Japan and South Korea.
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In 2016, Air Products & Chemicals Inc. was the market
leader in the global speciality gases market, followed by Praxair Inc., and
Linde Group. “Global specialty gases market is expanding due to continuing growth
in various application segments like electronics & semiconductor and
analytical & calibration sectors. These applications cumulatively constitute more than
55% of specialty gases consumption. Further, proliferation in metal &
mining industry has helped the specialty gases market to grow over the last few
years.”, said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global
Specialty Gases Market By Application, By Type, By Region, Competition Forecast
and Opportunities, 2012-2026” has evaluated the global specialty gases market and has provided
the statistics and information on market structure, industry behaviour and
trends. The report includes market projections and demand forecasting. The
report is intended to provide cutting-edge market intelligence and help
decision makers to take sound investment decisions. Besides, the report also
identifies and analyzes emerging trends and growth opportunities in the global specialty
gases market.
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