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Owing to the importance and diverse applications of specialty gases in general manufacturing, the prosperity of the latter is leading to the propulsion in the opportunities pertaining to the specialty gases marketplace. Additionally, specialty gases are used as an intermediate feedstock in chemical production. As per the observations of a new business publication from IndustryARC, the global specialty gas market valued at $8,477 million in 2018, and the demand is projected to propel at a compound annual growth rate (CAGR) of 5.40% during the forecast period 2019 to 2025.The IndustryARC’s business intelligence report is titled “Specialty Gas Market: By Types (High Purity, Noble, Carbon, Halogen), By Application (Photo Voltaic Cells Plasma Display Panels, Laser Systems & Equipment) By Industry (Manufacturing, Electronics, Healthcare, Academics, & Others) – Forecast (2019 - 2025).” details Specialty Gas Market size by types and market size by applications, Specialty Gas Market share by top 5 companies and also the market share by start-ups during the forecast period. The report also documents that rapid technological developments and innovations in the automotive and electronics industry are also creating disruptions in the specialty gas market demand. Furthermore, there are a wide range of specialty gas equipment and industrial gas equipment matters to be considered.
View Table of Contents @ https://www.industryarc.com/Report/15084/specialty-gas-market.html
Report Price (Single User Licence) : US $3850
Global Specialty Gas Market: Leading Segments
North America accounted for the largest revenue share in the global specialty gas in 2018, at 38%. The U.S and Canada is highlighted to have contributed the majority of the demand. On the other hand, the key application segment of the specialty gas market is analytical & calibration, as pinpointed by the IndustryARC’s analyst. The estimated opportunities for growth in this application is an impressive CAGR of 6.77% during the aforementioned forecast period.
Global Specialty Gas Market: Market Trends and Growth Drivers
Additive Manufacturing: Additive manufacturing has revolutionized the process of making things. It has opened newer possible ways to designers and the industries to make complex geometrics in a very short span of time. Specialty gases are used more efficiently through additive manufacturing.
Environmental Compliance: One of the most important growth drivers is to mandate the use of specialty gas. The companies have to follow a complete line of EPA protocols. This has led to increasing demand for specialty gas in the market.
High Purity Gas Cleaning: specialty gases are used widely in various sectors. It has the ultra-high purity which is of 99.995% an above that is used in various applications and industries such as medicine, pharmaceuticals, electronics and semiconductors, and petrochemicals.
Growing Demands in Industry: The growing demand in a lot of industries is increasing the value and the importance of specialty gases worldwide. The growth in the applications are the strongest growth drivers in specialty gas market.
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Global Specialty Gas Market: Competitive Landscape
Some of the key companies identified in the report that are currently holding majority shares in the global specialty gas market are Air Products & Chemical Inc., Praxair Inc., Linde Group, Air Liquide SA, Taiyo Nippon Sanso Corporation, Showa Denko K.K., Messer Group GmbH, Iwatani Corporation, Air Water Inc., and Coregas Pty Ltd.
Related Reports:
A. Industrial Gases Market
https://www.industryarc.com/Report/15513/industrial-gas-market.html
B. Medical Gas Market
https://www.industryarc.com/Report/15642/medical-gas-market.html
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Organization: IndustryARC
Phone: +1-614-588-8538
Website: https://www.industryarc.com/Domain/4/chemicals-materials-market-research.html
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