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High Purity Gas Market Size

ID: MRFR//2058-HCR | 111 Pages | Author: Anshula Mandaokar| June 2024

One of the major High Purity Gas Market growth factors is technological advances. Industries need more precise composition and purity levels of these products due to increasing production processes as well as demands for high quality items. This is through progressing in purification and separation techniques for making high pureness gases that meet different application requirements. The industries must embrace cutting-edge technologies so as to stay competitive and satisfy changing end-user needs.
High purity gases, which include specialty gases, rare gases, and noble gases, are widely used by electronics, healthcare and manufacturing sectors. The principal drivers of the high-purity gas industry are Technological advancements, industrial demand, environmental considerations, global economic conditions, and regulatory standards.
The dynamics in the High Purity Gas Market are shaped by electronics and semiconductor manufacturing sectors through industrial demand. For example, if impurities are identified even in traces it could cause major problems with electronic components during a fabrication process of semiconductors. Therefore, with the growing electronics industry coupled with increased demand for sophisticated electronic devices, similar will be witnessed for high purity gases like nitrogen, argon helium among others.
In addition to this aspect, industries aim at diminishing environmental impact through cleaner gas alternatives. These operations are usually delicate; hence they need a less contaminated gas medium. Eco-friendly production methods or alternative energy sources that can reduce greenhouse effect from high purify gas processing activities have resulted into food safety policy enforcement.
Global economic trends determine what happens in the High Purity Gas Market. There is an increased market demand on high-quality gasses accompanying growing economies developing industrialization process. Conversely when its goes down there is decline in industrial activity leading to reduced use of such commodities like HP gasses (Krausmann 9). It is common knowledge that this sector’s performance relies heavily on worldwide economy stability hence it may collapse suddenly.

Covered Aspects:

Report Attribute/Metric Details
Market Size Value In 2022 USD 17.3 Billion
Market Size Value In 2023 USD 18.16 Billion
Growth Rate 5.00% (2023-2032)

Global High Purity Gas Market Overview

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.High Purity Gas Market OverviewSource: Secondary Research, Primary Research, MRFR Database, and Analyst Review

High Purity Gas Market Trends

  • Increasing demand from the electronics industry is driving market growth.

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:

  • OEM-Approved Excellence: The recycling system has attained OEM qualification by integrating flawlessly with excimer lasers that adhere to industry standards, thereby guaranteeing dependability and superior performance.

  • Stable Neon Pricing: An industry-first initiative, the system ensures supply chain continuity and long-term stability in neon pricing through the capture and recycling of laser gas that would otherwise be vented. This empowers businesses to enhance their financial planning and operational efficiency.

  • Carbon Footprint Reduction: Over the next two decades, the recycling of neon can counterbalance the demand for its production, thereby reducing carbon dioxide emissions per semiconductor facility by more than one million metric tons. This is consistent with the commitment of the semiconductor industry to sustainable manufacturing.

High Purity Gas Market Segment Insights

High Purity Gas Product Insights

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.

High Purity Gas Application Insights

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)High Purity Gas Market, by Application, 2022 & 2032Source: 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 (%) HIGH PURITY GAS MARKET SHARE BY REGION 2022Source: 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.

High Purity Gas Key Market Players & Competitive Insights

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.

Key Companies in the High Purity Gas market include

  • 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)

High-Purity Gas Industry Developments

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.

High Purity Gas Market Segmentation

High Purity Gas Product Outlook

  • Carbon Gases

  • Noble Gases

  • High Atmospheric Gases

High Purity Gas Application Outlook

  • Electronics

  • Automotive

  • Pharmaceutical

High Purity Gas Regional Outlook

  • 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

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