Market Scenario
High Purity Gases are gases which are distributed at high concentration, without addition of other gases. This helps ensure that the properties of the High Purity Gas are utilized up to the optimum level. In applications that require high concentrations of a particular gas, the presence of other gases cause functional inefficiency, thus requiring the use of High Purity Gases.
One of the key drivers for the growth of High Purity Gas Market is the increased demand of high purity gas in the industrial gas market. The demand of this market is also led by the increase in demand by the industrial sector for cooling, insulation and illumination. The electronics industry is a major user of the High Purity Gas. The booming electronics industry and the rapid technological advancements in the industry are further leading to the growth of the High Purity Gas Market. The upsurge in the demand of energy and the use of High Purity Gas in several process of petroleum refinery is also driving the growth of the market.
The High Purity Gas Market is expected to grow over the CAGR of around 5 % during the period 2016 to 2023.
Key Players
The key players of High Purity Gas Market 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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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 the developing nations such as India and China. The increase in 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.
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
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