The report, "Specialty Gas Market by Types (High Purity, Noble, Carbon, Halogen, and Others), by Applications (Manufacturing, Electronics, Healthcare, Academics, and Others) & Geography - Global Trends and Forecast to 2018", define and segment the global Specialty Gas Market with analysis and projection of the global consumption value.
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Key content of this market:
The global market has grown significantly during the past few years mainly driven by growing demand in the Asia-Pacific region. The global market is expected to grow significantly in future boosted by growing healthcare sector and increased demand for photovoltaic cells & plasma display panels. Structural and regulatory restrictions may act as a barrier for the future growth of specialty gas industry but innovation and technological developments in the manufacture of specialty gases is expected to fade the effect of the restrictions.
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Specialty gases represent rare or ultra-high purity gases and it includes all the minor gases which are used in specialized applications. Different types of specialty gases such as high purity gases, noble gases, carbon gases, halogen gases, and other specialty gases have unique properties and thus benefit many industries, including analytical, pharmaceutical, electronics, petrochemical, etc., ultimately helping them to lower costs, improve yields, and optimize performance.
The specialty gas market is experiencing strong market growth; much of this growth is due to a strong demand in its key applications like manufacturing (lighting, laser, chemicals, etc.), electronics (semiconductor devices, flat panel display, etc.), healthcare, academics (analytical and calibration instruments), and also automotive industry.
Currently, North America is the largest market, acquiring more than 32.4% of the global specialty gas market. The region has huge installed plant capacities of specialty gases. This global market is emerging in various countries like China, India, South Korea, Brazil, etc. due to increasing industrial activity. Also, fast growing healthcare industry in Asia-Pacific is expected to drive the market in future.
Due to rise in end-use industry growth and increase in new applications, the use of specialty gases in various industries is becoming popular. Moreover, increased demand for photovoltaic products and plasma display panels in U.S. has provided a boost to the industry. Manufacturing and electronics industry is flourishing at a fast pace in emerging economies such as: Asia-Pacific, ultimately driving demand in these regions.