none

MARKET REPORT: HIGH PURITY GAS

24-04-2017
by 
in 

Market Research Reports Search Engine (MRRSE) has announced the addition of a new report, titled as “High Purity Gas Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024”. The report states that the Global High Purity Gas Market is expected to expand rapidly during the period between 2016 and 2024 due to growing demand in the global industrial gas market.

This report scans the global high-purity gases market to provide a forecast on the market’s growth trajectory during the forecast period, based on a comprehensive analysis of the present market trends and past developmental history. Standard Industrial analytical tools such as SWOT analysis and Porter’s five forces analysis have been used in the study for comprehensive analysis. Market dynamics such as market drivers, restraints, risks and opportunities are duly analyzed in the report.

According to the report, the electronics and industrial sector are the major end-users of high purity gases. Thus, the growth of the electronics and industrial sector in developing countries is a major growth driver of the gas market in these regions. However, a major restraint is the high cost of gas processing. This is due to the high technological complexity of air separation, which is the most common procedure for the production of high purity gases.

Moreover, according to the report, cooling, insulation and illumination are the chief applications of high purity gases in the industrial sector. Atmospheric gases such as nitrogen and oxygen are the most extensively used high purity gases in industries. However, in the next few years, high purity noble gases are likely to dominate the global high-purity gas market.

Among these, Asia Pacific has registered a rapid growth in the global high-purity gases market in a short time span and is likely to grow rapidly throughout the forecast period. North America is the most dominant market for high purity gases globally. However, it is the high growth rate in Asia Pacific that is likely to be a significant feature of the global market over the next few years.

The high purity gas market is dominated by big players such as Airgas, Inc., Praxair, Inc. and Air Liquide S.A. 

For the full report, visit MRRSE's website

About Us
Market Research Reports Search Engine (MRRSE) is an industry-leading database of market intelligence reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.

Related news & editorials

  1. 13.11.2018
    13.11.2018
    by      In
    Available from Treotham, Mosaic is a novel hub capable of managing all the safety functions of a machine or plant. The modular controller is configurable, scalable and can be expanded with minimal wiring.
    The new Mosaic M1S features an improved microcontroller and offers enhanced features compared... Read More
  2. 07.11.2018
    07.11.2018
    by      In
    Balluff has come up with a simple and practical solution for connecting RS232 serial devices directly to IO-Link. The company’s new IO-Link convertor for RS232 devices allows the connection of serial devices such as barcode scanners, printers or RS232 controllers directly to an IO-Link terminal.... Read More
  3. 06.11.2018
    06.11.2018
    by      In
    Lapp is encouraging power chain users to take advantage of its Ölflex Connect Chain system with the release of an online configurator that will enable users worldwide to specify complete system solutions. The new Ölflex Connect Chain configurator enables users to engineer a power chain digitally... Read More
  4. 06.11.2018
    06.11.2018
    by      In
    Available in Australia from Arbon Equipment, the Rite-Hite CoolMan 2500 trailer fan is an ideal aid to comfort for loading docks where manual loading and unloading takes place.
    When loading and unloading a trailer, temperatures can vary wildly. The trailer fan overcomes this by helping to equalise... Read More