High Purity Gas Market Size was valued at USD 18.16 billion in 2023. The High Purity Gas industry is projected to grow from USD 19.07 billion in 2024 to USD 26.83 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.36% during the forecast period (2024 - 2032). The increased need for solar PV production and higher demand for noble gases are the key market drivers pushing the market's growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The rising demand in different industries drives market CAGR for high-purity gas. High-purity gases are used extensively in the electronics industry for semiconductor manufacturing, LCD panel production, and LED fabrication. As demand for electronic devices continues to grow, the demand for high-purity gases also increases. The trend will likely continue in the coming years, with the electronics industry remaining a major growth driver in the high-purity gas market.
The shift towards renewable sources, such as solar and wind power, also drives demand for high-purity gases. These gases are used in the production of solar cells and in the manufacture of hydrogen fuel cells, which are used to generate electricity from hydrogen gas. As the world transitions towards renewable energy, the demand for high-purity gases is expected to grow significantly.
Governments and industry organizations worldwide are implementing stricter regulations and standards for the use of gases in various industries. Companies in different industries are increasingly seeking high-purity gases that meet these regulations and standards, driving demand for these products.
For instance, the high-purity gas market will likely grow in the coming years, driven by these and other trends. As industries continue to demand increasingly pure gases for their processes, manufacturers must continue to innovate and develop new products to meet this demand driving the High Purity Gas market revenue.
March 2024
EFC Gases & Advanced Materials (EFC), an industry leader in advanced materials and specialty gases, is pleased to announce the official Cymer certification of its Neon Gas Recycling System for use with excimer lasers. Neon is an indispensable component in deep ultraviolet (DUV) lithography, serving a pivotal function in the generation of laser light. This innovative system represents EFC's dedication to sustainable technology and provides end-users with consistent neon pricing over the long term. It is anticipated to bring about significant changes in the rare gas and semiconductor sectors.
Matt Adams, executive vice president of EFC, emphasized the contribution of the Neon Gas Recycling System to the advancement of sustainability and innovation. "This OEM-qualified system represents a substantial advancement in excimer laser technology, providing environmental benefits and enhanced operational efficiency." This statement underscores our dedication to effecting constructive transformations through the application of chemistry and technology. Additionally, Mr. Adams conveyed his appreciation to Cymer, underscoring their mutual dedication to fostering a semiconductor ecosystem that is extra-sustainable.
Principal Components of the Neon Gas Recycling System:
The High Purity Gas market segmentation, based on product, includes Carbon Gases, Noble Gases, and High Atmospheric Gases. The noble gases segment dominated the market, used as a cooling agent for electronic components. It is also used in welding, as a gas chromatography carrier gas, and in the healthcare industry for MRI machines.
The High Purity Gas market segmentation, based on application, includes electronics, automotive, and pharmaceuticals. The electronics category generated the most income. This sector's demand for high-purity gases is driven by the need for clean room environments to produce semiconductors and other electronic components.
Figure 1: High Purity Gas Market, by Application, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American high-purity gas market has the fastest growth in the market due to the rising demand for high-purity gases from the healthcare and electronics industries is expected to drive the growth of the market in the region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: HIGH PURITY GAS MARKET SHARE BY REGION 2022 (%)Â 
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe High Purity Gas market accounts for the second-largest market share due to the growing demand for high-purity gases from the semiconductor and electronics industries in the region. Further, the German High Purity Gas market held the largest market share, and the UK High Purity Gas market was the fastest-growing market in the European region.
The Asia-Pacific High Purity Gas Market will dominate from 2023 to 2032. It is due to the growth of the electronics and semiconductor industries and products in these countries is expected to boost the demand for high-purity gases. Moreover, China’s High Purity Gas market held the largest market share, and the Indian High Purity Gas market was the fastest-growing market in the Asia-Pacific region.
For instance, the high-purity gas market is expected to grow fast in the coming years, driven by increasing demand from different industries such as electronics and healthcare.
Leading market players are investing heavily in research and development to expand their product lines, which will help the High Purity Gas market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, High Purity Gas industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the High Purity Gas industry to benefit clients and increase the market sector. The High Purity Gas industry has offered some of the most significant medical advantages in recent years. Major High Purity Gas market players, including Praxair Inc. (US) Linde Group (Germany), Air Liquide S.A. (France), Messer Group (Germany), Advanced Specialty Gases Inc. (US), Matheson Tri-Gas Inc. (US), Air Products and Chemicals Inc. (US), Airgas Inc. (US), Iceblick Ltd. (Ukraine), Iwatani Corporation (Japan), and others, are attempting to increase market demand by investing in research and development operations.
Atlas Copco is a Swedish multinational company founded in 1873 and located in Nacka, Sweden. It manufactures industrial tools and equipment. Atlas Copco companies develop, manufacture, service, and rent industrial tools, air compressors, and construction and assembly systems. Atlas Copco introduced its new range of compact, cost-effective, on-site, low-flowing membrane nitrogen generators offering 20% greater efficiency. In keeping with the industry's demand for on-site gas generation systems, Atlas Copco has launched the latest nitrogen production technology, the NGM+ 7-70 upgraded, 10-model range, capable of producing high-quality nitrogen.
Air Liquide S.A. French multinational company founded in 1902, located in Paris, France. It supplies industrial gases and services to various industries, including medical, chemical, and electronic manufacturers. In September 2018, Air Liquide inaugurated its Paris Innovation Campus on the "Plateau de Saclay" near Paris. The campus includes Air Liquide's largest Research & Development Center, fully renovated with an investment of €50 million. On this occasion, Air Liquide announced the creation of a deep-tech start-up accelerator on the Innovation Campus in 2019.
In October 2020: Linde Plc went into a long-term agreement with Samsung Electronics to supply super high virtue modern gases for its most recent semiconductor facilities in Pyeongtaek, South Korea. Linde is as of now the fundamental provider of industrial gases to Samsung's existing facilities.
In February 2020: Air Liquide S.A. and BASF SE signed a long-term agreement with the Antwerp Bowl, Belgium. Air Liquide went into a 15-year consent to recharge its air gas supply to existing establishments and give extra oxygen to another ethylene oxide plant to be worked by BASF. Furthermore, Air Liquide will buy some portion of the methane division generated during the BASF production measure and valorize it as a feedstock in its hydrogen production plants, adding to a circular economy and decreasing CO2 emissions of up to 15,000 tons each year on the Antwerp site.
In March 2017: Sumitomo Seika Chemicals and Xergi (Denmark) undergoes into merger and collaboration to develop and advance a biogas plant engineering business in Japan. Biogas, which comprises most of the methane, is produced by methane fermentation in an anaerobic digestion process, including wet organic biomass materials. It tends to be used in a gas engine cogeneration system for heat and electricity production.
Carbon Gases
Noble Gases
High Atmospheric Gases
Electronics
Automotive
Pharmaceutical
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
| Attribute/Metric | Details |
| Market Size 2023 | USD 18.16 billion |
| Market Size 2024 | USD 19.07 billion |
| Market Size 2032 | USD 26.83 billion |
| Compound Annual Growth Rate (CAGR) | 4.36% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Â Praxair Inc. (US), Linde Group (Germany), Air Liquide S.A. (France), Messer Group (Germany), Advanced Specialty Gases Inc. (US), Matheson Tri-Gas Inc. (US), Air Products and Chemicals Inc. (US), Airgas Inc. (US), Iceblick Ltd. (Ukraine), Iwatani Corporation (Japan) |
| Key Market Opportunities | Demand for high-purity gases in the automotive industry |
| Key Market Dynamics | Restricting flammable gases in core materials |
High Purity Gas Market Highlights:
Frequently Asked Questions (FAQ) :
The High Purity Gas market size was valued at USD 18.16 Billion in 2023
The market is projected to grow at a CAGR of 4.36% during the forecast period, 2024-2032
Asia-Pacific had the largest share of the market
The key players in the market are Praxair Inc. (US), Linde Group (Germany), Air Liquide S.A. (France), Messer Group (Germany), Advanced Specialty Gases Inc. (US), Matheson Tri-Gas Inc. (US), Air Products and Chemicals Inc. (US), Airgas Inc. (US), Iceblick Ltd. (Ukraine), Iwatani Corporation (Japan)
The noble gases High Purity Gas category dominated the market in 2022
Electronics had the largest share of the market
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Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
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