Specialty Gases Market - Roadmap for Recovery From COVID-19 | Booming Pharmaceutical and Healthcare Sectors to Boost the Market Growth | Technavio

Technavio has been monitoring the specialty gases market and it is poised to grow by USD 4.28 billion during 2020-2024, progressing at a CAGR of almost 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio's in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

• Based on segmentation by type, which is the leading segment in the market?

• The carbon-based gases are expected to be the leading segment based on type in the global market during the forecast period.
  
  

• What are the major trends in the market?

• High dependency on high-purity gases in LED manufacturing sector is one of the major trends in the market.
  
  

• At what rate is the market projected to grow?

• Growing at a CAGR of almost 7%, the incremental growth of the market is anticipated to be USD 4.28 billion.
  
  

• Who are the top players in the market?

• Advanced Specialty Gases Inc., Air Products and Chemicals Inc., Iwatani Corp., L Air Liquide SA, Linde AG, Mitsui Chemicals Inc., Praxair Inc., SHOWA DENKO K.K., Taiyo Nippon Sanso Corp., and Weldstar are some of the major market participants.
  
  

• What are the key market drivers and challenges?

• The booming pharmaceutical and healthcare sectors is one of the major factors driving the market. However, the high cost of production and uncertain return on investments restrains market growth.
  
  

• How big is the North America market?

• The North America region will contribute 34% of market growth.

The market is concentrated, and the degree of concentration will accelerate during the forecast period. Advanced Specialty Gases Inc., Air Products and Chemicals Inc., Iwatani Corp., L Air Liquide SA, Linde AG, Mitsui Chemicals Inc., Praxair Inc., SHOWA DENKO K.K., Taiyo Nippon Sanso Corp., and Weldstar are some of the major market participants. The booming pharmaceutical and healthcare sectors will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Specialty Gases Market 2020-2024: Segmentation

Specialty Gases Market is segmented as below:

• Type
  • Carbon-based Gases
  • Noble Gases
  • Halogen-based Gases
  • Atmospheric Gases
  • Others
• Geography
  • North America
  • APAC
  • Europe
  • MEA
  • South America

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Specialty Gases Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The specialty gases market report covers the following areas:

• Specialty Gases Market Size
• Specialty Gases Market Trends
• Specialty Gases Market Analysis

This study identifies high dependency on high-purity gases in LED manufacturing sector as one of the prime reasons driving the specialty gases market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.

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Specialty Gases Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist specialty gases market growth during the next five years
• Estimation of the specialty gases market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the specialty gases market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of specialty gases market vendors

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five Forces Summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Type

• Market segments
• Comparison by Type
• Carbon-based gases - Market size and forecast 2019-2024
• Noble gases - Market size and forecast 2019-2024
• Halogen-based gases - Market size and forecast 2019-2024
• Atmospheric gases - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by Type

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Volume driver- Demand led growth
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Advanced Specialty Gases Inc.
• Air Products and Chemicals Inc.
• Iwatani Corp.
• L Air Liquide SA
• Linde AG
• Mitsui Chemicals Inc.
• Praxair Inc.
• SHOWA DENKO K.K.
• Taiyo Nippon Sanso Corp.
• Weldstar

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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