Specialty Gas Market Set to Witness an Uptick during 2021 to 2028Posted by Mrudula Karmarkar on March 17th, 2022 The global specialty gas market size is expected to reach USD 18.22 billion by 2028, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 8.8% from 2021 to 2028. Increased preference for specialty gases in the healthcare sector owing to an increased rate of applicability in medical applications is a driving factor for the strong market growth. Increased rate of applicability in key applications such as manufacturing (welding and cutting, lighting, laser, chemicals), healthcare (medical devices, pharmaceutical drugs manufacturing, anesthetic), electronics (flat panel displays, semiconductor devices), and analytical and calibration instruments are expected to drive market growth. The manufacturing and electronics industries are flourishing at an increased rate in emerging economies of Asia Pacific. Government initiatives to strengthen analytical testing capabilities, growing expenditure on drugs and medical devices by public health organizations, technological advancement, and government investments in the healthcare and electronics industries are increasing the demand for specialty gas. Prevailing energy and environment-friendly practices coupled with growing societal awareness towards green products and solutions are anticipated to develop more stringent environmental and emission norms over the forecasted period. Furthermore, key players such as Air Liquide, Praxair, Inc., Linde AG, etc. are developing clean technologies and introducing innovative solutions that will lower emissions and pollutants. Increasing applicability rates majorly in manufacturing, electronics, and healthcare applications are anticipated to drive the growth. Specialty gas is expected to gain preference in the healthcare sector owing to increasing consumption of high purity and noble gases in various medical application areas i.e. reanimation process, anesthetic, and mechanical ventilation. It is also used in Magnetic Resonance Imaging (MRI). The growing display market is a vital role-playing factor for increasing specialty gas consumption in electronics application. To Request Sample Copy of this report, click the link: https://www.grandviewresearch.com/industry-analysis/specialty-gas-market/request/rs1 Specialty Gas Market Report Highlights
List of Key Players of Specialty Gas Market
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