Specialty Gas Market Report

Specialty Gas Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2014 To 2020

Format: PDF  |  Report ID: GVR1072

Cost reduction, yield improvement and performance optimization are projected to drive the global the specialty gas market over the next six years. Specialty gases are characterized by ultra-high purity and specialized applications. Automotive, electronics, healthcare, manufacturing, semi-conductors, bio-technology and academics are major specialty gas end-use industries. High purity gases, halogen gases, carbon gases and noble gases are the different specialty gas used commercially. A plethora of applications across diverse industries promises robust market growth over the forecast period. Increasing demand for specialty applications such as photo voltaic cells and plasma display panels across the globe promises a positive industry outlook in the future. Growing healthcare industry in regions with significant aging population is touted to further aid the global market growth. Massive infrastructure development initiatives in the emerging economies such as Brazil, China and India offer ample amount of opportunities to the industry participants. Moreover, rapid technological developments and application innovations are further slated to compliment the market growth. Rapid developments in electronics and automotive industry on account of rising demand in Asia Pacific are presumed to present themselves as major opportunities for the market. Increasing environmental awareness and innovative bio-based products demand is expected to offer massive opportunities for the industry participants. However, regulatory restrictions along with the threat of substitutes are anticipated to challenge the global market growth 

North America was the global market leader for the specialty gas market over the last few years, followed by Europe and Asia Pacific. North America is presumed to experience growing healthcare industry owing to its aging population. Asia Pacific is expected to witness rapid development across multiple specialty gas end-use industries such as healthcare, manufacturing and automotive. China dominates the Asia Pacific specialty gas market on account of rapid industrialization and is projected to witness further increase in specialty gas demand. Specialty gas industry landscape is characterized by M&As and strategic alliances between prominent players and smaller participants with innovative capabilities. Prominent specialty gas industry participants include Air Liquide, Praxair Inc., Taiyo Nippon Sanso Corporation, Linde Group, Air Products and Chemicals Inc., Amrican Air Liquide Holdings, and Airgas Inc., among others.

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