Specialty gas is defined as mixer of pure gases such as oxygen, argon, nitrogen and other gases. It contains various enable gas and mixture including cylinder-mounted regulators, purge systems. Specialty gas has many features such as ultra-high purity which helps in optimising performance, improving yields, and lowering costs. Specialty gas is widely applicable in many industries such as analytical, pharmaceutical, electronics, petrochemical and others. In 2010, Afrox launched HiQ 60, a world-class range of speciality gas product. It contains pure gases and non-reactive gas mixture. It is used for calibration purposes, and has an accuracy of instrument measurement and longer term usability of gas. In 2018, Linde group launched a next generation environmentally friendly cylinder for speciality calibration gases called ECOCYL OSQ .They have unique negative pressure technology, guaranteeing precision in the calibration gas delivery requirements for ultra-sensitive instruments. It is used for portable calibration and testing of highly sensitive environmental monitoring devices.
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The Global Specialty Gas Market is expected to reach USD 29,210 million by 2025, from USD 23,101.3 million in 2017 growing at a CAGR of 12.8 % during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Some of the major players operating in the global specialty gas market are 3M., Airgas, Inc, DOWDuPont., Advanced Gas Technologies, Honeywell International Inc. , Kanto Denka Kogyo Co. Ltd. Air Liquide, Messer Group Gmbh, Mitsui Chemicals, Inc. norcopins.com, Nova Gas Technologies Praxair Technology, Inc. Welsco Inc. Taiyo Nippon Sanso Corp. SHOWA DENKO K.K., The Linde Group among others.
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The global specialty gas market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of specialty gas market for global, Europe, North America, Asia pacific and South America.
Major Market Drivers: Global Specialty Gas Market
- Improved demand for photovoltaic products and plasma display panels
- Rising healthcare sector demand
- Growing end-user industry growth
- Structural and regulatory restrictions
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