The global high purity gas market is anticipated to grow at a CAGR of 6.2% during the forecast period (2022-2028). The semiconductor industry is vast and continues to grow every year, which signifies the demand for high purity gases will grow alongside it. Having a supply of high purity gases is important to semiconductor manufacturing especially when it comes to advanced technologies used in the electronic sector such as smartphones, laptops, and the automotive sector such as self-driving cars. The process of producing integrated circuits is complex and requires various gasses throughout all the stages which demand the use of different gases.
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The growth of the semiconductor industry globally has been driven largely by the demand for smartphones. The continued expansion of products, integration of advanced technology such as AI, IoT and 5G networks, and the rapid growth in the automotive and industrial electronics sector are some of the key factors driving the demand for high purity gas in the electronics segment. As the industry continues to grow, the demand for high-purity gases and chemicals is also raising. High purity gases such as oxygen, argon, hydrogen, helium, and carbon dioxide are essential at every process step and tool for semiconductor and display manufacturing. It is well-known fact that gas impurities are detrimental to device processing and performance. Major players are continuously increasing their capacity and expanding their presence across the globe to meet the surging demand for high-purity gases.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global High Purity Gas Market Report by Segment
By Product
- High Atmospheric Gases
- Noble Gases
- Carbon Gases
- Others (Halogen, Chlorine, and Fluorine)
By Function
- Insulation
- Illumination
- Cooling
By End-User Industry
- Oil & Gas
- Chemical
- Electronics
- Medical & Healthcare
- Food & Beverage
- Aerospace
- Automotive
- Others
Global High Purity Gas Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global high purity gas market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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