High Purity Gas Market Size, Share | Industry Report [2031]
High Purity Gas Market Size, Share | Industry Report [2031]
Segments - High Purity Gas Market by Type (High Atmospheric Gases, Noble Gases, Carbon Gas, Halogen, Chlorine, Fluorine, and Others), Transportation and Storage & Distribution (Tonnage Distribution, Merchant liquid distribution, Cylinder, and Packaged Gas Distribution), Manufacturing Process (Air Separation Technology and Hydrogen Production), Function (Insulation, Illumination, and Coolant), End-user (Electronics, Metal Production, Chemical, Oil & Gas, Medical & Health Care, and Food & Beverages), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :FB-4979
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Report Description
The global high-purity gas market size was USD 32.1 Bn in 2022 and is likely to reach USD 49.88 Bn by 2031, expanding at a CAGR of 6.1% during 2023-2031. The market growth is attributed to increasing urbanization, growth in infrastructural activities, and growing industrialization across the world.
Gases having more than 99.99% concentration are known as high-purity gases. High-purity gases are used in various applications where impurity control is vital. The impurity level in high-purity gas is usually below 0.1 ppm. High-purity gas, such as helium, argon, hydrogen, oxygen, and nitrogen, are categorized into hydrocarbon, rare, pure, and miscellaneous gas.
High-purity gas can be manufactured through various methods and has several applications. It is designed to be used in analytical activities for consistency, improving quality & yield, and reliable operations for the systematic result.
COVID-19 negatively affected the high-purity gas market during the forecast period. The market witnessed a decline in demand and growth, owing to several global economic and legal restrictions. The restrictions on import & export and trade activities affected the operations of the high-purity gas industry.
High Purity Gases Market Dynamics
Major Drivers
High-purity gases help in extending the shelf life of food-related products by keeping them fresh from producing them to supermarket lines and even beyond that. It helps in Nitrogen plays a crucial role as it helps in food cooling and freezing. Helium is termed as a noble gas, due to the manufacturing process of semiconductors and it also helps to keep chemical reactions away which is expected to lead to thermal damage. High-purity gases also help in fighting the harmful bacteria in food and maintain food safety, thus driving the market.
Existing Restraints
High cost of gas processing and unstable prices of raw materials are anticipated to restrain the overall growth of the market. Moreover, high investment costs while deploying the services further hamper the market growth. Increasing cost of indium tin oxide is also expected to hinder the high-purity market growth in the coming years. High-purity gases often lead to dizziness, skin issues, and suffocation thereby restraining the market.
Emerging Opportunities
Advancements in new environmentally friendly technologies and electronic devices are expected to bring in new opportunities for the key market players in the projection period.
Scope of High-purity Gas Market Report
The report on the global high-purity gas market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
High-purity Gas Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016 – 2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Type (High Atmospheric Gases, Noble Gases, Carbon Gas, Halogen, Chlorine, and Fluorine), Transportation and Storage & Distribution (Tonnage Distribution, Merchant liquid distribution, Cylinder, and Packaged Gas Distribution), Manufacturing Process (Air Separation Technology and Hydrogen Production), Function (Insulation, Illumination, and Coolant), and End-user (Electronics, Metal Production, Chemical, Oil & Gas, Medical & Health Care, and Food & Beverages) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Air Liquide; Air Products and Chemical, Inc.; Airgas, Inc.; Iwatani Corporation.; MATHESON TRI-GAS, INC.; Messer Group; Praxair Technology, Inc.; Buzwair Group.; Gulf Cryo; Linde Plc; Universal Industrial Gases, Inc.; Advanced Specialty Gases.; Proton Gases.; MESA Specialty Gases & Equipment.; and Ellenbarrie industrial Gases. |
High-purity Gas Market Segment Insights
Based on type, the high-purity gas market is divided into high atmospheric gases, noble gases, carbon gas, halogen, chlorine, and fluorine. The noble gases segment is expected to expand at a significant growth rate during the projection period, due to the wide application of helium, krypton, and argon gases as makeup gas in gas chromatography, metal production, laboratory research, and spectroscopy.
In terms of transportation and storage & distribution, the high-purity gas market is classified as tonnage distribution, merchant liquid distribution, cylinder, and packaged gas distribution. The cylinder segment is expected to expand at a significant growth rate during the forecast period. The high-purity gases are filled in cylinders and the labels connected to the body of the cylinder indicate the type of gas filled in it.
On the basis of the manufacturing process, the global market is bifurcated into air separation technology and hydrogen production. The air separation technology segment is projected to register a considerable CAGR during the forecast period, owing to the high use of air separation technology in metal production, electronics, and chemical industries for the fully automated system.
In terms of function, the high-purity gas market is segmented into insulation, illumination, and coolant. The insulation segment is expected to register a robust growth rate during the forecast period. Pure gases such as indium tin oxide and sulfur hexafluoride are used to form glass layers in the optical and electrical industries. Indium tin oxide contains properties such as optical transparency and electrical conductivity, which is one of the major reasons boosting the growth of the high-purity gas market.
Based on end-user, the high-purity gas market is categorized into electronics, metal production, chemical, oil & gas, medical & health care, and food & beverages. The electronics segment is dominating the high-purity gas market, owing to increasing usage of indium oxide and sulfur hexafluoride, in electronics devices such as film sheets and insulators, rising the demand for high-purity gas in the electronic industry in the coming years.
In terms of region, the global high-purity gas market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia-Pacific region is expected to dominate the market during the projection period, owing to the growing population in countries such as China, India, and Indonesia. Increasing use of energy and electronic devices is the major factor driving the demand for indium tin oxide and sulfur hexafluoride in the high-purity gas market.
The market in Europe is anticipated to expand at a significant growth rate, attributed to the growing food and pharmaceutical industry and stringent regulations imposed on the manufacturing processes are fragmented to drive the demand for high-purity gas in the coming years.
Segments
The global market has been segmented on the basis of
Type
- High Atmospheric Gases
- Noble Gases
- Carbon Gas
- Halogen
- Chlorine
- Fluorine
- Others
Transportation and Storage & Distribution
- Tonnage Distribution
- Merchant liquid distribution
- Cylinder
- Packaged Gas Distribution
Manufacturing Process
- Air Separation Technology
- Hydrogen Production
Function
- Insulation
- Illumination
- Coolant
End-user
- Electronics
- Metal Production
- Chemical
- Oil & Gas
- Medical & Health Care
- Food & Beverages
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Air Liquide
- Airgas, Inc.
- Air Products and Chemical, Inc.
- Iwatani Corporation.
- MATHESON TRI-GAS, INC.
- Messer Group
- Praxair Technology, Inc.
- Buzwair Group.
- Gulf Cryo
- Linde Plc
- Universal Industrial Gases, Inc.
- Advanced Specialty Gases.
- Proton Gases.
- MESA Specialty Gases & Equipment.
- Ellenbarrie industrial Gases.
Competitive Landscape
Key players in the global high-purity gas market are Air Liquide; Air Products and Chemical, Inc.; Airgas, Inc.; Iwatani Corporation.; MATHESON TRI-GAS, INC.; Messer Group; Praxair Technology, Inc.; Buzwair Group.; Gulf Cryo; Linde Plc; Universal Industrial Gases, Inc.; Advanced Specialty Gases.; Proton Gases.; MESA Specialty Gases & Equipment.; and Ellenbarrie Industrial Gases.
These companies adopted development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production expansion to expand their consumer base worldwide.
- On January 31, 2023, Linde Plc announced to increase in its green hydrogen production capacity in Ontario, due to growing demand from the mobility market.
- On January 4, 2023, Iwatani Corporation of America announced the acquisition of Aspen Air US, LLC. Aspen Air is a well-known distributor and manufacturer of liquid industrial gases in Montana. Aspen Air operates in a broad medical and industrial base of customers including sectors including energy and chemicals, hospitals, and other packaged gases and distribution networks.
- On May 04, 2020, Pure Acquisition Corp signed a business agreement with HPK Business Combination Agreement and HighPeak Energy, Inc. to manage cost savings related to drilling and completion operations, production facilities, and infrastructure.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. High-purity Gas Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. High-purity Gas Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. High-purity Gas Market - Supply Chain
4.5. Global High-purity Gas Market Forecast
4.5.1. High-purity Gas Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. High-purity Gas Market Size (000’ Units) and Y-o-Y Growth
4.5.3. High-purity Gas Market Absolute $ Opportunity
5. Global High-purity Gas Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. High-purity Gas Market Size and Volume Forecast by Types
5.3.1. High Atmospheric Gases
5.3.2. Noble Gases
5.3.3. Carbon Gas
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global High-purity Gas Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. High-purity Gas Market Size and Volume Forecast by End Users
6.3.1. Electronics
6.3.2. Metal Production
6.3.3. Chemical
6.3.4. Oil & Gas
6.3.5. Medical & Health Care
6.3.6. Food & Beverages
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global High-purity Gas Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. High-purity Gas Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global High-purity Gas Demand Share Forecast, 2019-2026
8. North America High-purity Gas Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America High-purity Gas Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America High-purity Gas Market Size and Volume Forecast by Types
8.4.1. High Atmospheric Gases
8.4.2. Noble Gases
8.4.3. Carbon Gas
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America High-purity Gas Market Size and Volume Forecast by End Users
8.7.1. Electronics
8.7.2. Metal Production
8.7.3. Chemical
8.7.4. Oil & Gas
8.7.5. Medical & Health Care
8.7.6. Food & Beverages
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America High-purity Gas Demand Share Forecast, 2019-2026
9. Latin America High-purity Gas Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America High-purity Gas Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America High-purity Gas Market Size and Volume Forecast by Types
9.4.1. High Atmospheric Gases
9.4.2. Noble Gases
9.4.3. Carbon Gas
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America High-purity Gas Market Size and Volume Forecast by End Users
9.7.1. Electronics
9.7.2. Metal Production
9.7.3. Chemical
9.7.4. Oil & Gas
9.7.5. Medical & Health Care
9.7.6. Food & Beverages
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America High-purity Gas Demand Share Forecast, 2019-2026
10. Europe High-purity Gas Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe High-purity Gas Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe High-purity Gas Market Size and Volume Forecast by Types
10.4.1. High Atmospheric Gases
10.4.2. Noble Gases
10.4.3. Carbon Gas
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe High-purity Gas Market Size and Volume Forecast by End Users
10.7.1. Electronics
10.7.2. Metal Production
10.7.3. Chemical
10.7.4. Oil & Gas
10.7.5. Medical & Health Care
10.7.6. Food & Beverages
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe High-purity Gas Demand Share Forecast, 2019-2026
11. Asia Pacific High-purity Gas Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific High-purity Gas Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific High-purity Gas Market Size and Volume Forecast by Types
11.4.1. High Atmospheric Gases
11.4.2. Noble Gases
11.4.3. Carbon Gas
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific High-purity Gas Market Size and Volume Forecast by End Users
11.7.1. Electronics
11.7.2. Metal Production
11.7.3. Chemical
11.7.4. Oil & Gas
11.7.5. Medical & Health Care
11.7.6. Food & Beverages
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific High-purity Gas Demand Share Forecast, 2019-2026
12. Middle East & Africa High-purity Gas Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa High-purity Gas Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa High-purity Gas Market Size and Volume Forecast by Types
12.4.1. High Atmospheric Gases
12.4.2. Noble Gases
12.4.3. Carbon Gas
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa High-purity Gas Market Size and Volume Forecast by End Users
12.7.1. Electronics
12.7.2. Metal Production
12.7.3. Chemical
12.7.4. Oil & Gas
12.7.5. Medical & Health Care
12.7.6. Food & Beverages
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa High-purity Gas Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global High-purity Gas Market: Market Share Analysis
13.2. High-purity Gas Distributors and Customers
13.3. High-purity Gas Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Air Liquide
13.4.2. Air Products and Chemical, Inc.
13.4.3. Airgas, Inc.
13.4.4. Iwatani Corporation.
13.4.5. MATHESON TRI-GAS, INC.
13.4.6. Messer Group
13.4.7. Praxair Technology, Inc.
13.4.8. Buzwair Group.
13.4.9. Gulf Cryo
13.4.10. Linde Plc
13.4.11. Universal Industrial Gases, Inc.
13.4.12. Advanced Specialty Gases.
13.4.13. Proton Gases.
13.4.14. MESA Specialty Gases & Equipment.
13.4.15. Ellenbarrie industrial Gases.
Methodology
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