1. What is the projected Compound Annual Growth Rate (CAGR) of the U.S. Specialty Gas Market?
The projected CAGR is approximately 8.4%.
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U.S. Specialty Gas MarketU.S. Specialty Gas Market by Type (Electronic Gases, Gas & Liquid Mixtures, Pure Gases, Others), by End-Use Industry (Semiconductors, Petroleum & Chemical, Healthcare, Others), by Forecast 2026-2034
The U.S. Specialty Gas Market size was valued at USD 1.56 USD Billion in 2023 and is projected to reach USD 2.74 USD Billion by 2032, exhibiting a CAGR of 8.4 % during the forecast period. Specialty Gas can be defined as compounds in the gaseous phase which are sold for particular uses and have exact compositions meeting certain quality standards. Some of the widely utilized gases in several industry sectors such as the healthcare industry, electronics, manufacturing are noble gases, halogen gases, and calibration gases. Another important aspect of Specialty Gas is the matter that they are chemically pure which results in more accurate measurement, less contamination and thus better quality of the product. The rising trend in the United States market due to innovation in the technology, improvement in quality of products, and working industries that necessitate usage of Specialty Gases.
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 8.4% from 2020-2034 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 8.4%.
Key companies in the market include Air Liquide (France), Air Products and Chemicals, Inc. (U.S.), Linde (Ireland), MESA Specialty Gases (U.S.), Merck KGaA (Germany), Messer (Germany), Nippon Sanso Holdings Corporation (Japan), Showa Denko (Japan).
The market segments include Type, End-Use Industry.
The market size is estimated to be USD 1.56 USD Billion as of 2022.
Rapid Increase in Building & Construction Industry Globally is anticipated to Drive Market Growth.
Rising Emphasis on Environmentally Sustainable Iron Production to Create New Growth Opportunities.
High Costs Associated With Specialty Gas Production to Restraint Market Growth.
February 2023 – H2 Merck KGaA, one of the leading U.S. based manufacturers, has planned to expand its roots in Taiwan by establishing a new production facility. This production facility will be capable of producing these gases and semiconductor materials allowing the company to strengthen its foothold in the foreign market.
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The market size is provided in terms of value, measured in USD Billion and volume, measured in Thousand Tons.
Yes, the market keyword associated with the report is "U.S. Specialty Gas Market," which aids in identifying and referencing the specific market segment covered.
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