Authored By: Sarah
23 Jan 2025

Latest News- High Purity Gas Market: Noble gas is expected to lead the Type segment during 2025-2029

The High Purity Gas Market is being driven by Sustainability goals

The High Purity Gas Market is expected to grow at a CAGR of 7.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 13012.7 billion. The global high purity gas market is experiencing notable progress, with significant advancements in the extraction processes of essential gases such as helium and hydrogen. In January 2024, the US introduced groundbreaking techniques to mitigate its helium shortage by extracting helium from flare gases. This development is pivotal as it utilizes modular, readily available technology commonly employed in oil extraction and other industries. The key innovation encompasses sequential gas extraction and the implementation of closed-loop processes. These methods not only optimize gas extraction efficiency but also capture valuable gaseous by-products from flared surface gas. This approach signifies a departure from conventional extraction methods, focusing on maximizing resource utilization and minimizing waste. 

Get more information on High Purity Gas Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on segments_for_ai.nslist

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

  • Sustainability goals
  • Government initiatives
  • High investments in electronics sector

However, the market also witnesses some limitations, which are as follows:

  • High cost of high purity gases
  • Regulatory guidelines
  • Closure of gas pipelines

Benefits of Buying Global High Purity Gas Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in High Purity Gas Market Research Report

Market Scope

Report Coverage

Details

Page number

209

Base year

2024

Historic period

2019-2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 7.1%

Market growth 2025-2029

USD 13012.7 billion

Market structure

Fragmented

YoY growth 2024-2025(%)

5.8

Key countries

US, China, Japan, Germany, Canada, UK, Brazil, South Korea, France, and India

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The High Purity Gas market encompasses the production and supply of gases with minimal impurities, including Ultra-high purity gases. These gases are essential in various industries such as electronics, solar PV production, and metal production. Noble gases like Helium, Argon, Krypton, and others are commonly used in this context. Impurities in Atmospheric Gas are removed to produce Pure Gas for applications in industries like LCD panel production, LED fabrication, and electronic devices. Fluorine, Chlorine, and Bromine are also high-purity gases used in specific industries. UltraHigh Purity Gas is critical in the production of Indium Tin Oxide, a key material in solar cells and other electronic components. Renewable sources like Solar power and Wind power are increasingly utilizing high-purity gases in Hydrogen fuel cells for electricity generation. Cryogenic Rocket Propellants also rely on high-purity gases for their production.

Market Research Overview

The high purity gas market represents a significant segment within the specialty chemicals industry, focusing on the production and supply of gases with impurities below a specific threshold. Ultra-high purity gases, such as noble gases and carbon gas, are essential for various industries, including consumer electronics and smart appliances, which demand high-quality yield for their manufacturing processes. Key gases like Fluorine, Chlorine, and Bromine are also in high demand due to their unique properties and applications. The global specialty chemicals market, which encompasses high-value-added chemicals, is projected to expand substantially due to the increasing demand for specialty adhesives and sealants, driving growth in the high purity gas sector.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Read News Read Less
Interested in this report?
Get your sample now!

Safe and Secure SSL Encrypted

Technavio

  • 2500 USD

[5 reports/month/user]

  • 5000 USD

close
  • Basic Plan [5000 USD/Year]:

    Single User
    Download 5 Reports/Month
    View 100 Reports/Month
    Add upto 3 Users at 625 USD/user

  • Teams Plan [7500 USD/Year]:

    5 User
    Download 5 Reports/Month/User
    View 100 Reports/Month/User
    Add upto 30 Users at 500 USD/user

*You can upgrade to Teams plan at Subscription page

close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization).
    Complimentary Customization Included

*For Enterprise license, go to checkout page

Technavio Get the report (PDF) sent to your email within minutes.