Market Synopsis:
High purity gases are suitable for applications where impurity control is important, for example: chromatography, process controls, pharmaceutical applications or gas detection. The increase in demand from chemical companies & laboratories and advancements in automotive industries terms of product innovations and technologies are expected to create strong investment opportunities for acquiring the high purity gases. The rapid urbanization, growth in infrastructural activities, and increasing industrialization across the globe, is leading to an increase in need for high purity gases.
Industry News:
In, Jan 2018- Praxair, Inc. announced that it has signed long-term contract with an electronics manufacturer in Shanghai, China. Praxair will build, own and operate multiple air separation plants that will supply high-purity nitrogen and oxygen to Ever Display Optronics.
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Market Categorization:
The High Purity Gas Market can be categorized into product, application, and region;
By Product; Carbon Gases, Noble Gases, High Atmospheric Gases. By Application; Electronics, Automotive, Pharmaceutical. By Regions; North America, Europe, APAC and Rest of the World.
Regional Analysis:
The Global High Purity Gas Market is segmented into five crucial regions namely; North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. The Asia-Pacific region is the leading market for high purity gases owing to the increasing growth of chemical and electronics industries in the region. The growth of this region is further supported by the expansion of the metal production industry, coupled with the growing medical/health care industry in developing economies such as India and China. The increase in manufacturing of smartphones in the countries such as China is expected to further drive the growth of the market. The increase in applications among other industry verticals of the region such as pharmaceutical and automotive industries is also driving the growth of the market.
Top Global Vendors:
Praxair Inc. (U.S.), Linde Group (Germany), Air Liquide S.A. (France), Messer Group (Germany), Advanced Specialty Gases Inc. (U.S.), Matheson Tri-Gas Inc. (U.S.), Air Products and Chemicals Inc. (U.S.), Airgas Inc. (U.S.), Iceblick Ltd. (Ukraine), and Iwatani Corporation (Japan)
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