Global High Purity Gas Market Information Report by Product (Carbon Gases, Noble Gases, High Atmospheric Gases, Others), By Application (Electronics, Automotive, Pharmaceutical, Others) and By Region - Global Forecast To 2023
High purity gases are gases which are distributed at high concentration, without addition of other gases. This helps ensure that the properties of the high purity gas are utilized up to the optimum level. In applications that require high concentrations of a particular gas, the presence of other gases cause functional inefficiency, thus requiring the use of high purity gases.
One of the key drivers for the growth of high purity gas market is the increased demand of high purity gas in the industrial gas market. The demand of this market is also led by the increase in demand by the industrial sector for cooling, insulation and illumination. The electronics industry is a major user of the high purity gas. The booming electronics industry and the rapid technological advancements in the industry are further leading to the growth of the high purity gas market. The upsurge in the demand of energy and the use of high purity gas in several process of petroleum refinery is also driving the growth of the market.
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The high purity gas market is expected to grow over the CAGR of around 5 % during the period 2016 to 2023.
Asia-Pacific region is expected to dominate the high purity gas market during the forecast period. The growth of this region can be attributed to the presence of emerging economies in the countries of China and India. The booming electronics sector in the region which requires use of high purity gases is also expected to drive the growth of the high purity gas market in the region.
The key players of high purity gas market are 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), Iwatani Corporation (Japan) and others.
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The report for High Purity Gas Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.