High Purity Gas Market Global Outline 2019, Industry Size Estimation, Demand Overview, Growth Trend, Share Analysis, Sales Revenue and Forecast 2023

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

Pune, India - February 12, 2019 /MarketersMedia/ —

High Purity Gases are used in the various industrial process to operate analytical instruments, to initiate, stabilize, and avoid chemical processes, and to create amplified light for hardening, marking, welding, and cutting purposes. As a result, these gases witness a huge demand across the industries, which drives the growth of the High Purity Gas Market.

The High Purity Gas Market is growing by leaps and bounds due to the rapid industrialization over the past few years. Moreover, the increase in demand from the industrial cooling, insulation, and illumination sector escalates the market on the global platform.

Acknowledging the rapid expansion, this market perceives currently, Market Research Future (MRFR) in its recently published study report asserts that the Global High Purity Gas Market will garner exponential accruals by 2023, registering a CAGR over 5% throughout the review period (2018-2023).

Additional factors encouraging market growth include the rapid technological advancements that took place in the booming electronics industry. Furthermore, the augmenting demand for High Purity Gases in the energy sector and several processes used in petroleum refineries led by the boosted demand for power fosters the market growth.

Get Sample Copy of “High Purity Gas Industry Research Report – Global Forecast to 2023” @ https://www.marketresearchfuture.com/sample_request/2775

Additionally, significant investments transpired in the field of R&D by the key manufacturers are, in turn, driving the market, bringing about innovations and betterments in the quality and production methods of these gases.

On the other hand, factors such as volatility in the prices and demand and supply gap in these gases are impeding the growth of the market. Nevertheless, improving economic conditions, worldwide, are expected to support market growth throughout the forecast period, improving consumers’ purchasing power and thus making luxury items such as automotive and electronics affordable.

Global High Purity Gas Market - Segmentations

The MRFR analysis is segmented into three key dynamics for enhanced understanding.

By Product: Carbon Gases, Noble Gases, and High Atmospheric Gases among others.

By Application: Electronics, Automotive, and Pharmaceutical among others.

By Regions: Asia Pacific, North America, Europe, and the Rest-of-the-World.

High Purity Gas Market - Geographical Analysis

The Asia Pacific region is expected to continue to lead the Global High Purity Gas Market throughout the forecast period. Factors such as the burgeoning electronics sector which extensively uses high purity gases drive the regional market. Similarly, booming Automotive, and Pharmaceutical industries provide large impetus to the market growth.

Rapidly evolving countries such as India and China backed by the rapid industrialization and the growing demand for these gases account for the key contributors to the growth of the regional market. Additional factors boosting the growth in the regional market include the ample availability of cost-competitive logistics such as workforce, land, and raw materials, and the presence of several noteworthy producers.

The High Purity Gas Market in the North American region heading with the increased demand for high purity gases across the industries, accounts for the second-largest market, globally. Key factors impacting the market growth positively include the increasing production in electrical & electronics industries and substantial investments in the end-user industries such as automotive and aerospace.

The European region is emerging as a profitable market for High Purity Gases due to the burgeoning automotive and aircraft manufacturing sectors in the UK, France, and Germany. Moreover, growing innovations and technological advancement hugely contribute to the growth of the regional market.

Have Any Query? Ask Our Expert @ https://www.marketresearchfuture.com/enquiry/2775

Global High Purity Gas Market – Competitive Landscape

The fiercely competitive, high purity gas market appears to be fragmented due to the presence of several large and small-scale companies. Matured players are increasingly acquiring promising companies to expand in the emerging regions and to improve their market performance. With the innovations in production technologies, the competition in the market is getting intensified. The market also demonstrates strong investment opportunities for the market players.

Major Players:

Key players leading the Global High Purity Gas Market include Praxair Inc. (U.S.), Air Liquide S.A. (France), Linde Group (Germany), Messer Group (Germany), Matheson Tri-Gas Inc. (U.S.), Advanced Specialty Gases Inc. (U.S.), Air Products and Chemicals Inc. (U.S.), Iceblick Ltd. (Ukraine), Airgas Inc. (U.S.), and Iwatani Corporation (Japan) among others.

Industry/ Innovation/ Related News:

January 10, 2019 –-- Battery Ventures L.P (the US), a global, technology-focused investment firm announced the completion of acquisition of NTRON Limited (Ireland), a global provider of gas-measurement sensors and process-oxygen analysers by Process Sensing Technologies (PST), Battery Ventures’ platform in the process-measurement market.

NTRON, will join Battery’s existing portfolio of process-measurement and instrumentation companies including Analytical Industries and Michell Instruments, Rotronic, and acquired (in 2018), LDetek and Dynament.

January 08, 2019 –-- Transom Capital Group, LLC (the US), a private equity firm specializing in growth capital, recapitalization, buyout, special situation, turnaround, restructuring, distressed investments in small, lower-middle, and middle market companies announced the acquisition of SemiTorr Group, Inc. (the US), a leading distributor of high purity gas and fluid handling systems and components from Riverlake Partners.

February 03, 2019 – Saudi Aramco (Saudi Arabia), one of the largest petroleum and natural gas companies in the world and Air Products and Chemicals, Inc. (the US), a leading global company selling gases and chemicals for industrial uses announced signing an agreement to jointly-build the first hydrogen refuelling station for cell vehicle fuelling. The new hydrogen refuelling station is expected to be operational in the second quarter of 2019.

The collaboration between the two companies will combine Air Products’ technological know-how and experience in the field of hydrogen with Saudi Aramco’s industrial experience, facilities and R&D capabilities. The duo companies will establish a pilot fleet of fuel cell vehicles for which high-purity compressed hydrogen will be dispensed at the new fueling station.

For more information on this High Purity Gas Industry – Global Market Report @ https://www.marketresearchfuture.com/reports/high-purity-gas-market-2775

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact Info:
Name: Abhishek Savant
Email: Send Email
Organization: Market Research Future
Address: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/high-purity-gas-market-2775

Source URL: https://marketersmedia.com/high-purity-gas-market-global-outline-2019-industry-size-estimation-demand-overview-growth-trend-share-analysis-sales-revenue-and-forecast-2023/481729

Source: MarketersMedia

Release ID: 481729

Latest News

Massive South American blackout, 44 million without power

Jun 16, 2019

BUENOS AIRES, Argentina — A massive blackout left more than 44 million people without electricity in Argentina and Uruguay on Sunday after an unexplained failure in the neighboring countries' interconnected power grid. Authorities were working frantically to restore power but only about a half a million in Argentina had electricity back by early afternoon. Voters cast ballots by the light of cell phones in gubernatorial elections in Argentina. Public transportation halted, shops closed and patients dependent on home medical equipment were urged to go to hospitals with generators. "I was just on my way to eat with a friend, but...

The Latest: Damaged oil tanker arrives off UAE coast

Jun 16, 2019

DUBAI, United Arab Emirates — The Latest on developments in the Persian Gulf (all times local): 10:45 a.m. The Norwegian-owned oil tanker Front Altair, which caught fire after being apparently attacked last week in the Gulf of Oman, has arrived off the coast of the United Arab Emirates. The ship's position was some 20 miles off the coast of the Emirati port city of Khorfakkan on Sunday. The Front Altair caught fire after the attack Thursday, sending a thick cloud of black smoke visible even by satellite from space. On Saturday, Associated Press journalists saw the crew members of Front...

Paraguayan NGO distributes free marijuana seeds

Jun 16, 2019

ASUNCION, Paraguay — A nongovernmental organization in Paraguay is distributing free marijuana seeds so that mothers of chronically ill patients can produce CBD oil at home. The distribution effort by Mama Cultiva at a public square in Asuncion on Saturday was also intended to pressure the government of President Mario Abdo Benítez to authorize home cultivation of the plant. Former President Horacio Cartes enacted a medicinal cannabis law in 2018, but it has not taken effect because the health ministry has not issued regulations. Activist Rebeca Soilán said: "We are not pessimistic, but the current government is delaying regulation while...

The Latest: Arab League chief tells Iranians to 'be careful'

Jun 16, 2019

DUBAI, United Arab Emirates — The Latest on Mideast developments amid rising tensions in the Persian Gulf region (all times local): 11:45 p.m. The head of the Arab League is calling on the Iranians to "be careful and reverse course." Secretary General Ahmed Aboul Gheit noted after meeting with U.N. Secretary-General Antonio Guterres at U.N. headquarters in New York on Friday that there are conflicting reports about how Thursday's tanker incidents occurred. "We believe that responsibilities need to be clearly defined," he said. "The facts will be revealed, I am sure, it's only a matter of time." The U.S. says...

Trump blames Iran for tanker attacks but calls for talks

Jun 16, 2019

WASHINGTON — President Donald Trump has blamed Iran for attacks on oil tankers near the strategic Strait of Hormuz, but he also held out hope that implicit U.S. threats to use force will yield talks with the Islamic Republic as the Pentagon considers beefing up defenses in the Persian Gulf area. A day after explosions blew holes in two oil tankers just outside Iran's territorial waters, rattling international oil markets, the administration seemed caught between pressure to punish Iran and reassure Washington's Gulf Arab allies without drawing the U.S. closer to war. "Iran did it," Trump said Friday on Fox...

Search

Deck Biz is an intelligent platform providing international and regional business news updates. You won’t get these insights elsewhere other than Deck Biz.

Contact us: sales@deckbiz.com