High Purity Gas Market– Overview
High Purity Gases are suitable for applications where impurity control is important, for example: chromatography, process controls, pharmaceutical applications or gas detection. The increase in demand from chemical companies & laboratories and advancements in automotive industries terms of product innovations and technologies are expected to create strong investment opportunities for acquiring the High Purity Gases. The rapid urbanization, growth in infrastructural activities, and increasing industrialization across the globe, is leading to an increase in need for High Purity Gases.
The High Purity Gases Industry is increasing with the growth of overall industrial gas industry. The development of economies plays an essential role in increasing the demand for High Purity Gases in the global market. High Purity Gases are used in industries such as electronics, metal production, chemical, and oil & gas among others for functions such as insulation, illumination, and cooling, which is driving the growth of the Global High Purity Gases Market. High purity oxygen is used in laboratories, in process control operations and in metal analysis instruments and oxidation in semiconductor production.
However, the growth of the market is expected to be restrained by the stringent regulatory and structural instructions. High cost of gas processing and the fluctuating demand patterns and advancements of alternative technologies is further expected to slow down the growth of the market.
Noble gases are used for various applications such as for welding, as a lifting gas in balloons, for growing germanium and silicon crystals for transistors and as a coolant in nuclear reactors. It is also used for cooling superconductive magnets, and filling fluorescent lamps and electronic tubes. It is also used in the production of titanium, zirconium, and other metals. The wide applications of noble gases are leading to the growth of the noble gas in the High Purity Gas Market.
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High Purity Gas Market– Competitive Analysis
Key Players adopted various strategies to retain and/or expand their market share. Key strategies followed by most companies within the Global High Purity Gas Market were new product developments. Advancements in new and environment-friendly technologies and products in the market are also expected to create strong investment opportunities for the global players.
Industry/ Innovation/ Related News:
Jan 2018- Praxair, Inc. announced that it has signed long-term contract with an electronics manufacturer in Shanghai, China. Praxair will build, own and operate multiple air separation plants that will supply high-purity nitrogen and oxygen to EverDisplay Optronics.
Nov 2017- Messer is supplying BOE Optoelectronics Technology Co. with high purity gases that are required for the production process of OLED elements. Messer is supplying BOE with the necessary gases – nitrogen (N2), oxygen (O2), argon (Ar), hydrogen (H2) and carbon dioxide (CO2).
Jan 2016- Air Liquide has signed two multi-year contracts recently, a total worth of € 20 million, for the supply of high purity xenon in the all-electric propulsion satellite market: one with Airbus Defence and Space and other with Thales Alenia Space. The worldwide demand for telecom satellites is driven by replacement of old satellites and business growth from new services.
Aug 2010- The Electronics and Specialty Gases business of Linde North America recently commissioned a new carbon dioxide (CO2) purification unit at its electronics gases facility in Medford, Oregon. The production unit was designed to produce CO2 with purity above 99.9997 percent, primarily for the semiconductor and other electronics applications.
High Purity Gas Market– Segmentation
The High Purity Gas Market can be segmented in to two key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Product – Carbon Gases, Noble Gases, High Atmospheric Gases, Others
Segmentation by Application – Electronics, Automotive, Pharmaceutical, Others
Segmentation by Regions: North America, Europe, APAC and Rest of the World.
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High Purity Gas Market– Regional Analysis
The Asia-Pacific region is the leading market for High Purity Gases owing to the increasing growth of chemical and electronics industries in the region. The growth of this region is further supported by the expansion of the metal production industry, coupled with the growing medical/health care industry in developing economies 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.
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