Press release
High Purity Gas Market to Reach $50.22 Billion by 2030, Driven by Demand from Electronics and Industrial Sectors
High Purity Gas Market
The report provides an in-depth analysis of the global high purity gas market, covering market dynamics, segmentation, regional landscape, and competitive scenario. It aims to offer a comprehensive overview to industry stakeholders.
Robust research methodologies, including PORTER, SVOR, and PESTEL analysis, have been employed to understand the market's micro-economic factors and their potential impact. The report also analyzes the revenue impact of the COVID-19 pandemic.
Market Values:
The Global High Purity Gas Market was valued at US$ 33.62 Billion in 2023 and is expected to reach US$ 50.22 Billion by 2030, growing at a CAGR of 5.9% during the forecast period.
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Market Drivers
Increasing demand for electronic and electric components driving growth in consumer electronics
Utilization of high purity gases in oil and gas, petroleum refineries, and petrochemical production processes
Technological advancements in the automotive sector leading to higher demand
Market Restraints
Higher production costs involved in manufacturing high purity gases
Shortage of skilled professionals
Key Segments
By Application: Noble gases segment dominates due to widespread usage of argon, helium, and krypton in insulation and lighting
High purity nitrogen used in steel refining, casting, lamp industries, and food packaging
Regional Insights
Asia-Pacific region expected to dominate with a 38% market share, driven by technological advancements in India and China
Growth fueled by expansion of metal production and healthcare industries in developing APAC economies
China's investment in semiconductor manufacturing to boost demand
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What is High Purity Gas Market Segmentation:
by Product
High Atmospheric Gases
Carbon Gases
Noble Gases
Others
by Applications
Metal production
Food & beverage
Oil & gas
Chemicals
Electronics
Medical
Others
Due to the extensive use of argon, helium, and krypton in a variety of lighting and insulation applications, the noble gases sector is predicted to lead the global product type in terms of value and demand in the application segment. Gas chromatographs use hydrogen and helium gasses of the highest purity. High purity nitrogen is utilized in the food packaging, optical fibers, lamp industries, secondary steel refining, and casting heat treatment. Additionally, the industrial sector is driving the market due to the development of high purity gas delivery and manufacturing technologies that support the production of sophisticated semiconductor materials required for the entire integrated circuit manufacturing process. The primary emphasis on the creation of The government of the nation will create several industrial opportunities, which will increase the need for noble gases in the upcoming growing year.
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Who are High Purity Gas Market Key Players:
1. Praxair Inc
2. Linde Group
3. Air Liquide S.A
4. Messer Group
5. Advanced Specialty Gases Inc
6. Matheson Tri-Gas Inc.
7. Air Products and Chemicals Inc
8. Airgas Inc
9. Iceblick Ltd
10. Iwatani Corporation
11. raxair S.T. Technology, Inc.
12. BASF SE
13. Buzwair Group
14. Ellenbarrie Industrial Gases
15. GULF Cryo
16. Proton Gases
17. MESA Specialty Gas
18. Universal Industrial Gases, Inc.
19. Amit Speciality Gasco
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Table of content for the High Purity Gas Market includes:
Global High Purity Gas Market: Research Methodology
Global High Purity Gas Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3.Global High Purity Gas Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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