High Purity Gas Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
- Transparency Market Research
Global High Purity Gas Market: Overview
High purity gases are gases distributed at high concentration, without the addition of other gases. This helps ensure that the properties of the high purity gas are utilized fully. In applications that require high concentrations of a particular gas, the presence of other gases can cause functional inefficiency as well as pose a hazard, as other gases in the mixture could react to the components of the application in question.
The report examines the global high purity gases market to present forecasts regarding the market’s trajectory during the forecast period based on precise analysis of the market’s current statistics and its past development history. Industry-standard analytical tools such as SWOT analysis and Porter’s Five Forces Analysis have been used in the report in order to impart an accurate understanding of the global high purity gases market.
Atmospheric gases such as oxygen and nitrogen are among the most widely consumed high purity gases. However, high purity noble gases are expected to dominate the global high purity gases market in the next few years.
Global High Purity Gas Market: Drivers
Growing demand in the global industrial gas market is a major driver of the high purity gas market. The rapid development of emerging economies has led to the latter, driving the global high purity gas market. Cooling, illumination, and insulation are the primary applications of high purity gases in the industrial sector.
The electronics industry is a major end-user of high purity gases. Hence, growth of the electronics industry and the industrial sector in developing economies has been a major driver of the global high purity gases market. The rise in the industrial sector in emerging regions such as Asia Pacific and Latin America has aided urbanization, which has resulted in high disposable income, leading to increased use of consumer electronics. This factor is expected to boost the growth of the global high purity gases market in the next few years.
Growth of the oil and gas industry has in turn driven the global high purity gases market. Due to increasing demand for energy across the world, the global oil and gas industry has gone into overdrive in spite of falling oil prices. Hence, high purity gases that are used in several processes in petroleum refineries and petrochemical production have enjoyed rising demand.
Global High Purity Gas Market: Restraints and Opportunities
High cost of gas processing is a major restraint of the global high purity gas market. This is due to the high technological sophistication of the air separation method, which is the most popular method for the production of high purity gases. The regulatory framework of the industrial sector is also unsupportive toward the high purity gases market.
However, rising demand for high purity gases in end-users industries such as automotive is a major opportunity for manufacturers operating in the global high purity gas market. The automotive industry has been driven by the increasing disposable incomes of people and has witnessed strong growth in the past few years.
Global High Purity Gas Market: Geographical Overview
Asia Pacific has made rapid progress in the global high purity gases market in a relatively short time, and is likely to be the most lucrative market during the forecast period. North America dominates the global high purity gases market. However, rising demand in Asia Pacific is expected to be a major feature of the market in the next few years.
Global High Purity Gas Market: Competitive Landscape
The global high purity gases market is dominated by large players such as Airgas, Inc., Air Liquide S.A., and Praxair, Inc. Mergers and acquisitions has emerged as a promising strategy for major players to expand their share in the global high purity gases market and to focus on developing regions to capitalize on the strong growth of the market in countries such as India and China.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
- Middle East and Africa (GCC, Southern Africa, North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from Chemicals
ChemicalsChinese Markets for Container Coatings
ChemicalsChinese Markets for Antioxidants
ChemicalsChinese Markets for Silicone Coatings
ChemicalsChinese Markets for Absorbents
Chemicals and MaterialsSulfone Polymer Market Forecast, Trend Analysis & Opportunity Assessment 2020-2039