According to a new market research report " High Purity Gas/Ultra High Purity Gas/Pure Gas Market by Product (High Atmospheric Gases, Noble Gases, Carbon Gases, Others), Manufacturing Process, Function, End-Use Industry, Storage & Distribution & Region - Global Forecast to 2020", The high purity gases market size is estimated to grow from USD 20,836.6 Million in 2015 to USD 28,164.0 Million by 2020, at a CAGR of 6.2% from 2015 to 2020. The market has been segmented on the basis of major regions such as North America, Europe, Asia-Pacific, and the Rest of the World (RoW), wherein their value and volume has been projected. The size of the markets in key countries has also been covered and projected.
Browse 161 market data tables and 59 figures spread through 213 pages and in-depth TOC on “High Purity Gas/Ultra High Purity Gas/Pure Gas Market - Global Forecast to 2020"
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Growing demand in the electronics and metal production sectors are the major drivers
The global high purity gases market is driven by factors which include strong growth in sectors such as the electronics and metal production industries among others. High demand from chemical and automotive advancements in terms of product innovations and technologies in the market are expected to create strong investment opportunities. Regulatory and structural instructions are expected to be the strongest restraints for the industry. High cost of gas processing is the major challenge, whereas fluctuating demand patterns and advancements of alternative technologies are projected to be the burning issues for the market.
Noble gases to contribute maximum market share
The noble gases segment is projected to be the largest market for the global high purity gases market. It covers a variety of applications, including arc welding and cutting, as well as in the production of titanium, zirconium, and other metals. It is also used as lifting gas in balloons, as a coolant in nuclear reactors, and for growing germanium and silicon crystals for transistors
China is expected to attain the largest market share in the Asia- Pacific high purity gases market
China is expected to have the largest market share and dominate the Asia- Pacific high purity gases market from 2015 to 2020. The growing economy, rising metal production, and electronics market exhibits high potential growth opportunities for the high purity gases market in China.
The high purity gases market is dominated by large firms such as Praxair Inc. (U.S.), Airgas Inc. (U.S.), The Linde Group (Germany), Air Liquide S.A. (France), and Air Products and Chemicals Inc. (U.S.). Other players in this market include Iwatani Corporation (Japan), Messer Group (Germany), Iceblick Ltd. (Ukraine), Matheson Tri-Gas Inc. (U.S.), and Advanced Specialty Gases Inc. (U.S.). The key strategies adopted by the players in the high purity gases market are mergers and acquisitions, new product/ service launches, expansions and investments, and agreements, joint ventures, and collaborations. The leading players in the high purity gases market are focusing on emerging countries that are estimated to show potential for industrial development in the near future.
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The research methodology used to estimate and forecast the security analytics market begins with capturing data on key vendor revenues through secondary research. The bottom-up procedure was employed to arrive at the overall market size of the global security analytics market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments which are then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. This data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.
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Product matrix which gives a detailed comparison of product portfolio of each company
- Further breakdown of the North American high purity gases market
- Further breakdown of the European high purity gases market
- Further breakdown of the Asia-Pacific high purity gases market
- Further breakdown of the RoW high purity gases market
Detailed analysis and profiling of additional market players
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