High quality gases prepared with laboratory analysis in order to eliminate their unwanted characteristics are better known as specialty gases. Specialty Gases can also be defined as ultra-high purity gases and the minor gases which are used for specialized applications. Specialty gases are segmented on the basis of type; they are noble gases, high purity gases, carbon gases and halogen gases, and other specialty gases. They have distinctive properties and benefits. The specialty gas market is experiencing strong market growth due to a demand in its key applications like lighting, laser, petrochemicals in manufacturing; semiconductor devices, flat display panel in electronics; analytical and calibration instruments in academics and also automotive industry. Specialty gases are generally supplied in gas cylinders which contains 10 cubic meters of the gas.
High demand from end user industries such as healthcare, petrochemicals, electronics and energy are some of the key forces that is increasing the growth for the specialty gas market. Medical gas supply at healthcare institutes is vital for the safety and treatment of the patients. Different medical gases like oxygen, nitrogen, nitrous oxide, carbon dioxide and other gases are provided to the hospitals and health care institutes.
These gases differ from industrial gases on the accounts of compositions, certainty and their level of purity. These ultra-high pure gases have different applications across different industrial verticals. Special gases are used for application like semiconductor devices and display panels. Growth in applications and beneficial, unique properties are expected to be the strongest drivers for the global specialty gas market in the next few years. Growing requirements for specialty gas applications like photovoltaic cells and plasma display panels expected to witness a progressive industry outlook for specialty gases market during the forecast period.
This report provides a depth analysis on the global market for Specialty Gas. This report also imparts a depth outlook and overview on the specialty gas on the basis of market trends, market share, market dynamics, challenges, and region wise analysis. Specialty gas market size is estimated to be $XX billion in 2016. The global market share for specialty gas market is estimated to grow at a CAGR of XX% and is forecast to reach $XX billion by 2021. The photovoltaic cell is forecast to have the highest growth of X% in 2015. Health care, Manufacturing industries are the major end-users for specialty gases. North America and Asia-pacific alone are estimated to occupy a share of more than XX% in 2015.
North America is the developing market for specialty gases. North America has been leading the market in terms of demand. The market has the most leader in specialty gas manufacturing and has the future scope for expanding the market size during the forecast period. Asia-Pacific being the fastest growth in the next few years due to growing adoption of Specialty Gas in Health care. Manufacturing industrial applications. China is largest manufacturer of specialty gas in the Asia-pacific region as it has the major consumer and it is considered as rapidly growing country in terms of specialty gases. Specialty Gas market accounts to XX% of the global market for Specialty Gas and is the fastest growing market followed by Asia-Pacific. In Americas, Healthcare, electrical, Manufacturing industries are the major end users of Specialty Gas Market.