Specialty Gas Market: North America is the leading region with high utilization of specialty gases during 2015-2020.
High quality gases prepared with laboratory analysis in order to eliminate their unwanted characteristics are better known as specialty gases. Specialty Gases represent rare or ultra-high purity gases and all the minor gases which are used in specialized applications. There is high scope for the applications of the Specialty Gas Market in different end user industries during 2015-2020.
Scope and Regional Forecast of the Specialty Gas Market:
According to the IndustryARC research analysis studies on the Specialty Gas Market, the high demand from end user industries such as energy, healthcare and electronics is the driving force of this market. Medical gas supply at healthcare institutes is vital for the safety and treatment of the patients. Different medical gases like oxygen, nitrogen, nitrous oxide, carbon dioxide and other gases are provided to the hospitals and health care institutes.
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North America is the leading market region for specialty gas with high production and consumption of the specialty gases. The region has the presence of most leaders in specialty gas manufacturing. Asia-Pacific is expected to be the fastest growth in the Specialty Gas Market in the next few years due to growing adoption of Specialty Gas in Health care, manufacturing industrial applications.
China dominates the Specialty Gas Market in the Asia-pacific region being a major consumer and the fastest growing country in terms of specialty gases. North America market accounts to the largest portion of the global market for Specialty Gas and is the fastest growing market followed by Asia-Pacific during 2015-2020.
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Segmentation and Key Players of the Specialty Gas Market:
The Specialty Gas Market is segmented into various categories in the IndustryARC marketing research report by type, by application, by industry and by geography.
By type: high purity gases (nitrogen, oxygen), noble gases (helium, argon, xenon and krypton), carbon gases (carbon dioxide, carbon monoxide), halogen gases (fluorine gases, chlorine gases) and others
By application: photo voltaic cells, plasma display panels, laser systems & equipment and others
By industry: analytical and calibration, electronics, petrochemical, manufacturing, healthcare, automotive industry and others
By geography: North America, South America, Europe, Asia Pacific and ROW
The key players in the Specialty Gas Market according to the IndustryARC research report are as follows:
- American Air Liquide Holdings, Inc.
- Tmc Fluid Systems, Inc.
- Praxair Incorporated (U.S.)
- Buchi Labortechnik Ag
- Analytical Specialties, Inc.
The Specialty Gas Market is a rapidly growing market with high applications of pure gases for medical and industrial applications. This market is expected to witness high growth due to the rising demand for speciality gases for industrial purposes during 2015-2020.
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