High purity gas market is anticipated to grow at a CAGR of 6.2% during the forecast period. Technological advancements, industrialization, and increasing demand from various end-use industries such as healthcare, consumer products, automotive, and aerospace & defense are some key factors driving the growth of the market. Additionally, the rising demand for gases in semiconductors and recycling metals across the globe is a key factor in the surging demand for high purity gases. For instance, in May 2022, China-based Suzhou Oxygen Plant Co., Ltd. (SOPC) started up a new nitrogen plant to produce high-purity nitrogen and oxygen to supply critical gases for Shanghai’s semiconductor industry. However, the high cost of processing gases and supply chain disruption due to geopolitical challenges are major constraints for global high purity gases.
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The global high purity gas market is segmented based on product, function, and end-user industry. Based on product, the market is classified into high atmospheric gases and others. Based on function, the market is classified into insulation, illumination, and cooling. Based on the end-user industry, the market is classified into metal production, oil and gas, chemical, electronics, medical & healthcare, food & beverage, aerospace, automotive, and others.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global High Purity Gas Market by Product
- High Atmospheric Gases
- Noble Gases
- Carbon Gases
- Others (Halogen, Chlorine, and Fluorine)
Global High Purity Gas Market by Function
- Insulation
- Illumination
- Cooling
Global High Purity Gas Market by END-USER INDUSTRYr Industry
- Metal Production
- Oil & Gas
- Chemical
- Electronics
- Medical & Healthcare
- Food & Beverage
- Aerospace
- Automotive
- Others?
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Advanced Specialty Gases Inc.
- Airgas Inc.
- Deluxe Industrial Gases
- Gulf Cryo
- Matheson Tri-Gas Inc.
- Nexair LLC.
- Praxair Inc.
- Taiyo Nippon Sanso Corp.
- Universal Industrial Gases, Inc.
- Yingde Gases Group
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global high purity gas market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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