The CMFE practice at MarketsandMarkets is pleased to announce its Analyst Briefing Presentation on the “Specialty Gas Market by Types (High Purity, Noble, Carbon, Halogen, & Others), by Applications (Manufacturing, Electronics, Healthcare, Academics, & Others) & Geography - Global Trends and Forecast to 2018.”, to be held on 2 December, 2013.The briefing will cover an overview of drivers and opportunities present in the market. It will also cover the factors limiting the growth of global specialty gas market.
Gases such as oxygen, nitrogen, hydrogen, methane, silane, and other noble and halogen gases of ultra-high purity, make up the specialty gas segment. Specialty gases represent rare or ultra-high purity gases, that is, 99.995% purity and above. These gases are produced in small quantities, available in gaseous or liquid form, and serve a variety of industries. These gases include all the minor gases which are used in specialized applications. They are available as pure gases or a mixture of gases depending on their targeted end use. Rising end-user industry growth on account of increasing consumption due to population growth, and increased applications is a major driver for global specialty gas market.
The market is also witnessing an increase in demand for specialty gases in photovoltaic products, plasma display panels and healthcare sector.
Manufacturing industry is the biggest consumer of specialty gases and would remain the biggest consumer in future due to the extremely diverse applications of specialty gases in general manufacturing. The chemical industry utilizes huge quantity of specialty gases as an intermediate feedstock in chemical production. The food industry utilizes specialty gases for refrigeration, food processing, and packaging. Thermal window manufacturers also utilize noble gases as fill gases between glass panes.
A top-down approach was used to estimate market size of specialty gas. The key players in the specialty gas market were identified through secondary research and their specialty gas revenue was determined through primary and secondary research. This includes study of the annual reports of top market playersand interviews with key opinion leaders, such as CEOs, directors, and marketing & plant managers. The size and forecast of the specialty gas market was derived based on analysis of market trends such as pricing and consumption of specialty gas in various applications.
The global market for specialty gaswas estimated to be worth $16,380.0million in 2012 and is expected to reach $23,162.1million by 2018, growing at a CAGR of 6.1% from 2013 to 2018. North America dominated the global specialty gas market, accounting for 32.4% of the global specialty gas demand in 2012. Asia-Pacific is expected to be the fastest growing market in the near future owing to the rapid advancement and increasing demand from key countries such as China and India.
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