Specialty Gas Market Size Worth $14.2 Billion By 2027 | CAGR: 5.2%: Grand View Research, Inc.

Specialty Gas Market Size Worth $14.2 Billion By 2027 | CAGR: 5.2%: Grand View Research, Inc.

PR Newswire

San Francisco, May 18, 2020

San Francisco, May 18, 2020 /PRNewswire/ -- The global specialty gas market size is expected to reach USD 14.2 billion by 2027, registering a CAGR of 5.2% over the forecast period, according to a new report by Grand View Research, Inc. The market is expected to be positively influenced by growing demand from the manufacturing, electronics, and healthcare sector.

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Key suggestions from the report:

Read 107 page research report with ToC on "Specialty Gas Market Size, Share & Trends Analysis Report By Product (Noble, Carbon, Ultra-high Purity, Halogen) By Application (Manufacturing, Electronics, Healthcare), By Region, And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/specialty-gas-market

Specialty gases possess the potential to be extensively used in numerous end-use industries such as electronics and institutional research sector. Various types of specialty gases are manufactured from raw materials such as natural, atmospheric, and air derived gases. However, the manufacturing process requires continuous monitoring and special-purpose machinery, which makes it cost-intensive.

Utilization of improved medical technologies and increasing government expenditure on the healthcare industry is accelerating the applicability rate of specialty gases in various medical devices such as magnetic resonance imaging (MRI), nuclear magnetic resource imaging (NMRI), and ophthalmology.

Growing end-user industries, increasing demand for photovoltaic products, and plasma panel displays is touted to aid the market growth further. Manufacturing and healthcare companies are continuously investing in research and development operations to introduce advanced solutions for increasing scope of application and equipment efficiency.

Grand View Research has segmented the global specialty gas market on the basis of product, application, and region:

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

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