"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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In-depth Table Of Content on "Specialty Gas Market
Types (High Purity, Noble, Carbon, Halogen)
Applications (Manufacturing, Electronics, Healthcare, Academics)
Global Trends and Forecast to 2018".

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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.

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.

North America - Biggest Market of Specialty Gas

North America has always been a strong market for specialty gas and globally, this market has been a leader for specialty gas with respect to demand. The region has the presence of most global leaders in specialty gas manufacturing. Specialty gas consumption in the region is estimated to grow at a CAGR of about 6.3% from 2013 to 2018. The region has a relatively moderate growth rate as a result of its dominant market size and continuously increasing demand. The demand in the region is mainly due to the increasing appetite for specialty gas in U.S.

Asia-Pacific - The Fastest Growing Specialty Gas Market

Asia-Pacific being the fastest growing specialty gas market globally is estimated to grow at a CAGR of 8.1% for the next five years. Asia-Pacific is witnessing a high industrial growth which hints at an ever increasing demand for specialty gas for its diverse applications. China dominates the specialty gas market in the Asia-Pacific region being a major consumer and the fastest growing country in terms of specialty gas demand. Currently, a high share of specialty gas is consumed by the manufacturing industry and the demand for specialty gas through the manufacturing industry is expected to grow in the next five years at a CAGR of more than 6.1% from 2013 to 2018. After China, countries that include India, South Korea and other Asian countries are showing increasing growth in demand for specialty gas.

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