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High Purity Gas Market

High Purity Gas Market

The market for High Purity Gas was estimated at $32.2 billion in 2023; it is anticipated to increase to $53.1 billion by 2030, with projections indicating growth to around $75.8 billion by 2035.

Report ID:DS1309001
Author:Vineet Pandey - Business Consultant
Published Date:November 2024
Datatree
Chemicals & Materials
Specialty Chemicals
High Purity Gas
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Report Summary
Table of Contents
Methodology
Market Data

Global High Purity Gas Market Outlook

Revenue, 2023 (US$B)

$32.2B

Forecast, 2033 (US$B)

$65.8B

CAGR, 2023 - 2033

7.4%
The High Purity Gas industry revenue is expected to be around $37.1 billion in 2024 and expected to showcase growth with 7.4% CAGR between 2025 and 2034.

Innovation and technological precision are greatly involved in High Purity Gas production and utilization within industries. The global market size for High Purity Gas was around USD 32.2 billion in 2023. Is expected to grow to USD 53.1 billion by 2030 and USD 75.8 billion, by 2035 with a compounded annual growth rate of about 7.4%.

Specialty Gases encompass High Purity Gas known for its purity levels and minimal impurities essential in delicate applications like electronics manufacturing and healthcare due, to its ultra high purity and controlled composition providing stability and reliability.

high purity gas market outlook with forecast trends, drivers, opportunities, supply chain, and competition 2023-2033

Market Key Insights

  • The High Purity Gas market is projected to grow from $32.2 billion in 2023 to $65.8 billion in 2033. This represents a CAGR of 7.4%, reflecting rising demand across Semiconductor Manufacturing and Healthcare & Medical Applications.
  • Air Products, Linde, Praxair are among the leading players in this market, shaping its competitive landscape.
  • U.S. and Germany are the top markets within the High Purity Gas market and are expected to observe the growth CAGR of 4.8% to 7.1% between 2023 and 2030.
  • Emerging markets including Vietnam, Brazil and Indonesia are expected to observe highest growth with CAGR ranging between 8.5% to 10.2%.
  • Transition like Energy Transition is expected to add $4.9 billion to the High Purity Gas market growth by 2030
  • The High Purity Gas market is set to add $33.6 billion between 2023 and 2033, with manufacturer targeting Metal Production & Chemicals End User Industry projected to gain a larger market share.
  • With Increasing demand from semiconductor industry, and Rising investments in healthcare infrastructure, High Purity Gas market to expand 104% between 2023 and 2033.
high purity gas market size with pie charts of major and emerging country share, CAGR, trends for 2025 and 2032

Opportunities in the High Purity Gas

Renewable energy comprising of hydrogen fuel cells is one factor which holds the large prospect for High Purity Gas market. Pressurized high purity hydrogen gas is crucial in fuel cells and therefore presents a good growth opportunities for market players

Growth Opportunities

Market Dynamics and Supply Chain

01

Driver: Increasing Demand from Semiconductor Industry

The unprecedented increase in demand of semiconductors in electronics has also encouraged the usage of High Purity Gas especially in manufacture of modern microprocessors. This has also in turn generated good opportunities for gas producers whose high purity gases such as nitrogen, argon, and other gases essential in chip creation.
Investments made in healthcare facility globally have also led to increase the demand of high purity gases which are also oxygen in the treatment and care of patients. Emerging Countries are also improving their healthcare sector and that is also adding more to the market growth.
02

Restraint: High Production Costs

The processes involved in attaining high purity gases take many steps and hence the end products are relatively expensive to smaller industries.
03

Opportunity: Emerging Applications in Pharmaceuticals

Advanced process like sterilization and quality control in production of drugs and pharmaceuticals have made high purity gases necessary in the manufacturing of pharmaceuticals. This presents a great opportunity for gas suppliers to tap into the pharma segment to a greater extend.
04

Challenge: Stringent Regulatory Compliance

Regulatory constraints that apply to drug manufacturing sector, call for high levels of purity, which on top of the manufacturing cost increases the operating cost. High operating cost hinders market players to compete within the space.

Supply Chain Landscape

1
Industrial Gas Sourcing

Air Liquide

Linde

2
Production (Cryogenic Distillation Process)

Air Products

Praxair

Linde

3
End-Users

Semiconductor fabs

Metal Industry

Chemical Production

*The illustration highlights the key stakeholders within the supply chain ecosystem.

Applications of High Purity Gas in Semiconductor Manufacturing & Healthcare & Medical Applications

Semiconductor Manufacturing

In the realm of semiconductor manufacturing processes like the production of circuits necessitate the utilization of ultra high purity nitrogen to maintain a contamination free setting within semiconductor fabs where Linde and Air Liquide are key suppliers using cutting edge technologies to deliver gases, with purity levels surpassing 99.99.

Healthcare & Medical Applications

Healthcare providers heavily rely upon High Purity Gases like oxygen for treatments and medical care in facilities such as hospitals and clinics where ensuring purity and consistency is paramount to patient well being and safety standards upheld by industry leaders, like Air Products and Praxair in supplying these crucial gases at the forefront of medical grade excellence.

Recent Developments

October 2023

Air Liquide has recently unveiled its expansion plans for its semiconductor grade gases production facilities in South Korea to cater the future demand from the upcoming new fabs

June 2023

Linde has unveiled a ultra high purity nitrogen generator tailored to meet the needs of the pharmaceutical companies by providing dependable on site gas production solutions.

The above changes are evidence of how firms, in the industry, have reacted to emerging demands. Air Liquide and Linde are focusing at capacity addition and at product portfolio development to cater the needs of the changing market.

Impact of Industry Transitions on the High Purity Gas Market

As a core segment of the Specialty Chemicals industry, the High Purity Gas market develops in line with broader industry shifts. Over recent years, transitions such as Energy Transition and Digitalization in Manufacturing have redefined priorities across the Specialty Chemicals sector, influencing how the High Purity Gas market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.
01

Energy Transition

The need to adapt renewable energy sources globally is driving the call for hydrogen as a cleaner source of fuel. High Purity Gas, particularly hydrogen is key to this change. This industry transition is expected to add $4.9 billion in the industry revenue between 2023 and 2030.
02

Digitalization in Manufacturing

Industry 4.0 is enlarging opportunities for precision gases in sophisticated manufacturing processes. In novel manufacturing techniques such as automation and artificial intelligence incorporation, high purity gases are used and hence driving the demand for High Purity Gas in industries like electronics and automation.

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