High Purity Gas Market Highlights
The high Purity Gas Market is projected to be worth USD 25.9 billion by 2030, registering a CAGR of 5% during the forecast period (2022–2030).
The growth of the high-purity gas market is the increase in demand in various applications such as metal production, oil & gas, chemical, electronics, medical & healthcare, and food & beverage. Rapid urbanization, growth in infrastructural activities, and increasing industrialization across the globe is leading to an increase in the need for high-purity gases.
Drivers
Market Research Analysis
Asia-Pacific region is expected to dominate the high-purity gas market with the highest CAGR. The region is expected to grow with the boom in the electronics industry in developing nations such as India and China. The increase in the manufacturing of smartphones in the countries such as China is expected to further drive the growth of the market. The increase in applications among other industry verticals of the region such as pharmaceutical and automotive industries is also driving the growth of the market
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Scope of the Report
This study provides an overview of the global high purity gas market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global High purity gas market by its product, application and region.
By Product
- Carbon Gases
- Noble Gases
- High Atmospheric Gases
- Others
By Application
- Electronics
- Automotive
- pharmaceutical
- Others
By Region
- North America
- Asia Pacific
- Europe
- Rest of the World
Key Players
The key players of high purity gas Technology Analysisa are Praxair Inc. (U.S.), Linde Group (Germany), Air Liquide S.A. (France), Messer Group (Germany), Advanced Specialty Gases Inc. (U.S.), Matheson Tri-Gas Inc. (U.S.), Air Products and Chemicals Inc. (U.S.), Airgas Inc. (U.S.), Iceblick Ltd. (Ukraine) and Iwatani Corporation (Japan) among others.
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