How big is the specialty gas market?

The global specialty gas market size was estimated at USD 12.03 billion in 2022 and is expected to reach USD 12.91 billion in 2023

What is the specialty gas market growth?

The global specialty gas market, in terms of revenue, is expected to grow at a compound annual growth rate of 7.7% from 2023 to 2030 to reach USD 21.81 billion by 2030

Which segment accounted for the largest specialty gas market share?

Asia Pacific accounted for the largest share of 38.5% in 2022 owing to the increasing growth of the end-use industries in the region.

Who are the key players in the specialty gas market?

Some of the key players operating in the specialty gas market include Air Products and Chemicals, Inc., Air Liquide, Messer Group GmbH, Linde plc, TAIYO NIPPON SANSO CORPORATION, MESA Specialty Gases & Equipment, Weldstar, Norco Inc., Coregas, and SHOWA DENKO K.K.

What are the factors driving the specialty gas market?

Increasing adoption of specialty gas in electronics, manufacturing, and healthcare applications is anticipated to drive market growth. The expanding markets for semiconductors and displays play a significant role in driving up the usage of specialty gases in electronics applications. Moreover, the growing healthcare industry and advances in clinical treatments are driving the market growth.