Global High Purity Gases Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

Industry : Chemical and Material Date : September 28th, 2018
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The global high purity gases market was valued at USD 23.0 billion in 2017, and is likely to generate a demand of USD 32.8 billion by 2024, at a CAGR of 4.9% over the next seven years. Rising demand for high purity gases across a diverse range of applications such as electronics, chemicals, automotive, metal production, and medical, among others, is expected to drive the market demand. Moreover, growing concerns regarding the quality of food and healthcare services across the globe is set to accelerate market growth over the forecast period. The years used for the assessment are as follows;

  • Historical year : 2014, 2015 and 2016
  • Base year  : 2017
  • Forecast period: 2018 – 2024

RESEARCH METHODOLOGY

The research and analysis are based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

  • Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, surveys and other secondary sources
  • Interacting with key opinion leaders of the market and developing data points based on interaction with them
  • Study of past trends in the market and their year on year impact on the market size and share
  • Analyzing the collected data points
  • Bridging the data points to calculate the high purity gases market and its various segments
  • Anticipating potential risks
  • Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the market
  • Finalizing the overall size and share for the global market

OBJECTIVES:

  • To classify global high purity gases market into segments on the basis of type, manufacturing process, function, and application to analyze their growth prospects individually
  • To analyze market trends, opportunities, drivers and restraints associated with high purity gases
  • Profiling key companies operating in the global market
  • To study market response with respect to the mergers and acquisitions in the industry

MARKET SCOPE

The research scope for high purity gases market is as follows:

By Type

  • Nobel gases
  • High atmospheric gases
  • Carbon gases
  • Others

By Manufacturing Process

  • Air separation
  • Hydrogen reforming

By Function

  • Insulation
  • Coolant
  • Illumination

By Application

  • Oil & gas
  • Chemicals
  • Electronics
  • Medical
  • Metal production
  • Food & beverage
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Central & South America (CSA)
  • Middle East & Africa (MEA)

The market for high purity gases is projected to augment owing to their growing use in applications such as medical, chemicals, electronics, food and beverage, and metal production, among others. In order to ensure that the properties are fully utilized, high purity gases are distributed at high concentration without the addition of other gases. Additionally, growing electronics and automotive industries, particularly in the emerging economies of China and India is expected to further propel the market demand.

High purity gases may be manufactured through methods such as air separation and hydrogen reforming. The purity of a gas is characterized by the level of specific impurities present in them. In case of gases that do not have any details on impurities, the specification of their purity is to be seen as a typical value. In the transportation of high purity gases, every filled cylinder must accompany a certificate of analysis that confirms that the maximum limit for impurity is not exceeded.

High purity gases are used across a wide range of applications, for instance carbon dioxide is used as refrigerant gas and argon is used in the production of silicon wafers for the electronics industry. However, moisture is a common and detrimental contaminant in several high purity gases. Excessive moisture content in gases may cause corrosion and result in the formation of ice at low temperatures, which causes premature wear as well as failure of equipment. Also, in liquid form it may react with other chemicals and gases.

 The permitted content of moisture may vary based on type of gas and certified purity.  Therefore, it becomes necessary to establish a routine check for measuring the moisture content in the manufactured gas to ensure that drying and purification processes are effective. Measurement can be done at the point of production, or directly from a sample of freshly filled bottles. This provides an assurance that the gas has been produced as per the required purity.

In addition, high purity gases play a vital role in the LED manufacturing. High purity gases such as hydrogen, nitrogen and ammonia are used in the manufacturing process of LED chips. Among these gases, ammonia and hydrogen form majority of the atmosphere in which the crystal layers are grown. Thus, the availability of regular and stable supply of high purity gases is a prerequisite for a high volume LED manufacturing facility, as their purity is critical to the performance and quality of LED devices.

Moreover, high purity gases are highly flammable, toxic, as well as resistant to chemical action under normal temperature and pressure. Thus, various safety standards provided by key organizations must be adhered to during the transportation of these gases. However, high cost of processing coupled with stringent government regulations, and raw material price fluctuations may hinder the market growth over the next seven years.

Some of the key companies operating in the industry include The Linde Group; Air Liquide; Praxair Technology, Inc.; Air Products and Chemicals, Inc.; Messer Group GmbH; Iwatani Corporation; Matheson Tri-Gas, Inc.; Advanced Specialty Gases; Osaka Gas Liquid Co., Ltd.; and American Welding & Gas, Inc.; among others.

Global High Purity Gases Market

TABLE OF CONTENTS

CHAPTER 1. Market Scope and Methodology

1.1. Research methodology

1.2. Research scope & assumptions

1.3. List of data sources

CHAPTER 2. Executive Summary

2.1. High purity gases market – Market snapshot

CHAPTER 3. Industry Analysis

3.1. Market definition

3.2. Market segmentation

3.3. Key findings of the global high purity gases market

3.4. Value chain analysis

3.5. Market opportunities & trends

3.5.1. Increasing demand from chemical and automotive industries

3.6. Market dynamics

3.6.1. Market driver analysis

   3.6.1.1. Rising demand from the electronics industry

   3.6.1.2. Growing concerns regarding food and healthcare quality

   3.6.1.3. Increasing use of high purity gases in the production of solar PV

3.6.2. Market restraint analysis

   3.6.2.1. High cost of processing

   3.6.2.2. Stringent government regulations

CHAPTER 4. Competitive Outlook

4.1. Competitive Analysis

4.2. PESTLE Analysis

4.3. Porter’s Five Forces Analysis

4.4. Company Market Share Analysis

4.4.1. Competitive Factors

CHAPTER 5. Global High Purity Gases Market Size and Forecast (2014 – 2024)

5.1. Global High Purity Gases Market, By Type (Kilo Tons) (USD Billion)

5.1.1. Nobel gases

5.1.2. High atmospheric gases

5.1.3. Carbon gases

5.1.4. Others

5.2. Global High Purity Gases Market, By Manufacturing Process (Kilo Tons) (USD Billion)

5.2.1. Air separation

5.2.2. Hydrogen reforming

5.3. Global High Purity Gases Market, By Function (Kilo Tons) (USD Billion)

5.3.1. Insulation

5.3.2. Coolant

5.3.3. Illumination

5.4. Global High Purity Gases Market, By Application (Kilo Tons) (USD Billion)

5.4.1. Oil & gas

5.4.2. Chemicals

5.4.3. Electronics

5.4.4. Medical

5.4.5. Metal production

5.4.6. Food & Beverage

5.4.7. Others

CHAPTER 6. Global High Purity Gases Market Size and Forecast, By Region (2014 – 2024)

6.1. North America High Purity Gases Market (Kilo Tons) (USD Billion)

6.1.1. North America High Purity Gases Market, By Type (Kilo Tons) (USD Billion)

6.1.2. North America High Purity Gases Market, By Manufacturing Process (Kilo Tons) (USD Billion)

6.1.3. North America High Purity Gases Market, By Function (Kilo Tons) (USD Billion)

6.1.4. North America High Purity Gases Market, By Application (Kilo Tons) (USD Billion)

6.1.5. North America High Purity Gases Market, By Country (Kilo Tons) (USD Billion)

  6.1.5.1. The U.S.

  6.1.5.2. Canada

  6.1.5.3. Mexico

6.2. Europe High Purity Gases Market (Kilo Tons) (USD Billion)

6.2.1. Europe High Purity Gases Market, By Type (Kilo Tons) (USD Billion)

6.2.2. Europe High Purity Gases Market, By Manufacturing Process (Kilo Tons) (USD Billion)

6.2.3. Europe High Purity Gases Market, By Function (Kilo Tons) (USD Billion)

6.2.4. Europe High Purity Gases Market, By Application (Kilo Tons) (USD Billion)

6.2.5. Europe High Purity Gases Market, By Country (Kilo Tons) (USD Billion)

                    6.2.5.1. Germany

    6.2.5.2. U.K

    6.2.5.3. France

    6.2.5.4. Russia

    6.2.5.5. Italy

    6.2.5.6. Rest of Europe

6.3. Asia-Pacific High Purity Gases Market (Kilo Tons) (USD Billion)

6.3.1. Asia-Pacific High Purity Gases Market, By Type (Kilo Tons) (USD Billion)

6.3.2. Asia-Pacific High Purity Gases Market, By Manufacturing Process (Kilo Tons) (USD Billion)

6.3.3. Asia-Pacific High Purity Gases Market, By Function (Kilo Tons) (USD Billion)

6.3.4. Asia-Pacific High Purity Gases Market, By Application (Kilo Tons) (USD Billion)

6.3.5. Asia-Pacific High Purity Gases Market, By Country (Kilo Tons) (USD Billion)

  6.3.5.1. China

  6.3.5.2. Japan

  6.3.5.3. India

  6.3.5.4. South Korea

  6.3.5.5. Australia

  6.3.5.6. Rest of Asia-Pacific

6.4. Central & South America (CSA) High Purity Gases Market (Kilo Tons) (USD Billion)

6.4.1. Central & South America (CSA) High Purity Gases Market, By Type (Kilo Tons) (USD Billion)

6.4.2. Central & South America (CSA) High Purity Gases Market, By Manufacturing Process (Kilo Tons) (USD Billion)

6.4.3. Central & South America (CSA) High Purity Gases Market, By Function (Kilo Tons) (USD Billion)

6.4.4. Central & South America (CSA) High Purity Gases Market, By Application (Kilo Tons) (USD Billion)

6.4.5. Central & South America (CSA) High Purity Gases Market, By Country (Kilo Tons) (USD Billion)

   6.4.5.1. Brazil

   6.4.5.2. Rest of Central & South America (CSA)

6.5. Middle East & Africa (MEA) High Purity Gases Market (Kilo Tons) (USD Billion)

6.5.1. Middle East & Africa (MEA) High Purity Gases Market, By Type (Kilo Tons) (USD Billion)

6.5.2. Middle East & Africa (MEA) High Purity Gases Market, By Manufacturing Process (Kilo Tons) (USD Billion)

6.5.3. Middle East & Africa (MEA) High Purity Gases Market, By Function (Kilo Tons) (USD Billion)

6.5.4. Middle East & Africa (MEA) High Purity Gases Market, By Application (Kilo Tons) (USD Billion)

6.5.5. Middle East & Africa (MEA) High Purity Gases Market, By Country (Kilo Tons) (USD Billion)

   6.5.5.1. Saudi Arabia

   6.5.5.2. South Africa

   6.5.5.3. Rest of Middle East & Africa (MEA)

CHAPTER 7. Key Players and Strategic Developments

7.1. The Linde Group

7.1.1. Business Overview

7.1.2. Product and Service Offering

7.1.3. Financial Overview

7.1.4. Strategic Developments

7.2. Air Liquide

7.2.1. Business Overview

7.2.2. Product and Service Offering

7.2.3. Financial Overview

7.2.4. Strategic Developments

7.3. Praxair Technology, Inc.

7.3.1. Business Overview

7.3.2. Product and Service Offering

7.3.3. Financial Overview

7.3.4. Strategic Developments

7.4. Air Products and Chemicals, Inc.

7.4.1. Business Overview

7.4.2. Product and Service Offering

7.4.3. Financial Overview

7.4.4. Strategic Developments

7.5. Messer Group GmbH

7.5.1. Business Overview

7.5.2. Product and Service Offering

7.5.3. Financial Overview

7.5.4. Strategic Developments

7.6. Iwatani Corporation

7.6.1. Business Overview

7.6.2. Product and Service Offering

7.6.3. Financial Overview

7.6.4. Strategic Developments

7.7. Matheson Tri-Gas, Inc.

7.7.1. Business Overview

7.7.2. Product and Service Offering

7.7.3. Financial Overview

7.7.4. Strategic Developments

7.8. Advanced Specialty Gases

7.8.1. Business Overview

7.8.2. Product and Service Offering

7.8.3. Financial Overview

7.8.4. Strategic Developments

7.9. Osaka Gas Liquid Co., Ltd.

7.9.1. Business Overview

7.9.2. Product and Service Offering

7.9.3. Financial Overview

7.9.4. Strategic Developments

7.10. American Welding & Gas, Inc.

7.10.1. Business Overview

7.10.2. Product and Service Offering

7.10.3. Financial Overview

7.10.4. Strategic Developments

Global High Purity Gases Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation and Forecast 2024