Specialty Gases Market Analysis: Plant Capacity, Production, Operating Efficiency, By Type, By Application, By Region, Distribution Channel, Regional Demand, 2015-2030
[Online Quarterly Update] Specialty Gases demand stood at 1.85 Million Tonnes in 2020 and is forecast to reach 3.31 Million Tonnes by 2030, growing at a healthy CAGR of 5.88% until 2030. A high level of purity required for the special purpose application falls under the category of special gases. The Specialty Gases market is predominantly driven by the growing demand for chemicals and Specialty Gases in developing economies along with the growing metal and mining industry. The ongoing deployment of power projects, growing construction activities, and rising demand for electronic products have resulted in the increased consumptions of chemicals. The processing of chemicals involves the usage of Specialty Gases, and the growing chemicals market is expected to eventually boost the demand for Specialty Gases. Based on end-user demand, chemical processing dominates the global Specialty Gas market. The increasing market consumption and increased acceptance trends of the industry are driving the growth of the market in the upcoming ten years. Manufacturing, electronics, healthcare, and academics industries are aiding the growth of the global Specialty Gas market in the forecast period.
Pure gases accounted for the largest market share in 2020 and are projected to maintain dominance during the forecast period. Pure gases are used as carrier gases, blanketing gases, etc., and in major applications such as electronics & semiconductors, healthcare, analytical & calibration, etc.
Specialty Gases are distributed in packaged cylinders and the distribution of these gases is mainly carried out in remote locations for which larger distances are needed to be covered. Moreover, the cylinders are required to be properly secured to prevent them from striking each other or from falling which requires extra safety measures. These parameters result in higher transportation charges for Specialty Gases. The high transportation cost directly impacts the Specialty Gases price which affects the market of Specialty Gases.
Due to the outbreak of COVID-19 in 2020, the world economy was disrupted. The market was affected drastically, and the production and manufacturing units were shut down in the first half of 2020. Furthermore, the major market players intentionally halted the production, keeping their employee’s health and wellness in mind. It resulted in a decline in the demand for Specialty Gases from various end use industries. However, the crisis being faced by other sectors is steadily released with the surge in the demand for oxygen from the healthcare domain due to the spread of the novel corona virus. Additionally, a recovery in the demand for Specialty Gases is witnessed since the resumption of industrial activities after the relaxation in lockdown restrictions by the end of 2020 and is projected to propel the growth of its market in the upcoming years.
Region-wise, Asia-Pacific holds the largest share of the global Specialty Gases market. The region is likely to maintain its market dominance during the forecast period on account of the presence of major developing economies in the region where the healthcare and electronics sectors are growing rapidly, where Specialty Gases are majorly used, thereby pushing the growth of the Specialty Gases market in the coming years. China, India and Indonesia are some of the emerging economies that are undergoing rapid economic transformation and are growing markets for the Speciality Gas market globally.
Some of the major players operating in the global Specialty Gas market are Air Liquid SA, Linde Group, Praxair Inc, Air products and Chemicals Inc, Taiyo Nippon Sanso Corporation, Messer Group Gmbh, Iwatawi Corporation, Air Water Inc, Showa Denko K.K. Coregas Pty Ltd. and others.
Years Considered for this Report:
Historical Years: 2015 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2030
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Objective of the Study:
• The primary objective of the study was to evaluate and forecast Specialty Gas’ capacity, production, demand, inventory, and demand–supply gap globally.
• To categorize Specialty Gas’ demand based on end use, type, region and distribution channel.
• To identify major customers of Specialty Gas globally.
• To evaluate and forecast Specialty Gas’ pricing globally.
• To identify and profile major companies operating in the global Specialty Gas market.
• To identify major news, deals and expansion plans in the global Specialty Gas market.
To extract data for the global Specialty Gas market, primary research surveys were conducted with Specialty Gas manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for the global Specialty Gas market over the coming years.
ChemAnalyst calculated Specialty Gas’ demand globally by analyzing the historical data and demand forecast. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience
• Specialty Gas manufacturers and other stakeholders
• Organizations, forums and alliances related to Specialty Gas’ distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Specialty Gas manufacturers, distributors and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
Report Scope:
In this report, the global Specialty Gas market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
By Application: (Electronics & Semiconductor, Analytical & Calibration, Refrigeration, Medical & Healthcare, Manufacturing & Others)
By Type: (Pure Gases & Gas Mixtures)
By Distribution Channel: (Direct/Institutional Sales, Retail Sales, Other Channel Sales)
Regional scope
North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope
United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
Key companies profiled
Air Liquid SA, Linde Group, Praxair Inc, Air products and Chemicals Inc, Taiyo Nippon Sanso Corporation, Messer Group Gmbh, Iwatawi Corporation, Air Water Inc, Showa Denko K.K. Coregas Pty Ltd. and others.
Customization scope
Free report customization with purchase. Addition or alteration to country, regional & segment scope.
12.7.4.Argentina Specialty Gases Demand-Supply Scenario, 2015-2030, By Volume
12.7.4.1.Demand
12.7.4.2.Supply
12.7.4.3.Gap
12.7.5.Argentina Specialty Gases Demand Outlook, 2015-2030, By Volume
12.7.5.1.By Type
12.7.5.2.By Application
12.7.5.3.By Sales Channel
12.7.5.4.By Company Share (At least top 3 companies’ market share)
13.Country-wise Import
14.Country-wise Export
15.News and Deals
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helpful and reassuring. Additional requests on the interim and/or final reports were handled in a swift and professional manner
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Member - Board of Directors
Osaka Gas Co. Ltd
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Disruption Tracker
Disruption Tracker reflect the major shutdown on monthly basis which will help you in tracking the inventory management and smooth functioning of business. Unforeseen shutdowns and disruptions resulting in a loss of production capacity to impact the bottom line. The capacity tracker provides industries with a global view of production and consumption capacity loss that reflects the corresponding conversion factors. It also highlights the immediate impact on supply due to planned and unplanned outages as well as upcoming start-up of new capacities. Additionally, it emphasizes how each shutdown—whether due to a maintenance turnaround or a case of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on supply of the product in the market at a Global level.
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