“Since the pharmaceutical and healthcare industry is keenly focused on patient safety, high-purity specialty gases are of prominence in this sector. In addition, the present, the pharmaceutical sector is undergoing a revamp in its manufacturing processes”
The research study covers the present scenario and growth prospects of the global specialty gases market for 2017-2021. To calculate the market size, Technavio analysts have considered the sales of different types of specialty gases in key applications.
One of the key growth factors of the global specialty gases market includes an increase in demand from the light-emitting diode (LED) sector. Prominent vendors are focusing on mergers and acquisitions (M&As) to keep a strategic foothold and decrease threat from new entrants into the market. The healthcare sector, along with the electronics and manufacturing sector is expected to be the leading consumer of specialty gases.
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Technavio chemicals and materials research analysts highlight the following three factors that are contributing to the growth of the global specialty gases market:
- LED manufacturing sector highly dependent on high-purity gases
- Booming pharmaceutical and healthcare sectors
- High demand for specialty inert gases in food and beverage applications
LED manufacturing sector highly dependent on high-purity gases
Gases such as ammonia, nitrogen, and hydrogen, which are of the highest purity, are impervious in the manufacture of high-volume LED. LED chip manufacturing relies greatly on specialty gases. The process of epitaxial deposition involves the metal-organic chemical vapor deposition method that uses ammonia and hydrogen. These gases make the majority of the atmosphere in which the crystal layers are grown.
Swapnil Tejveer Sharma, a lead specialty chemicals research analyst at Technavio, says, “The presence of oxygen or moisture even in parts per billion quantities will affect the crystalline structure of an LED device. The electroluminescence of the device decreases as the moisture content in ammonia gas goes up.”
Booming pharmaceutical and healthcare sectors
The global healthcare sector is primarily driven by changing lifestyles, aging population, unhealthy eating habits, and increased occurrence of chronic diseases across the globe. Specialty gases are an imperative part of the pharmaceutical industry. Pharma grade specialty gases are expected to be highly compliant with pharmacopeia standards.
“Since the pharmaceutical and healthcare industry is keenly focused on patient safety, high-purity specialty gases are of prominence in this sector. In addition, the present, the pharmaceutical sector is undergoing a revamp in its manufacturing processes,” adds Swapnil.
High demand for specialty inert gases in food and beverage applications
The growing population coupled with an increased demand for packaged food products across the world is leading to a rise in demand for efficient food processing and storage technologies, which, in turn, is leading to an increase in demand for specialty gases. Specialty inert gases are predominantly used in various food and beverage applications for blanketing, freezing, and fumigation. Inert gases are used for cryogenic and efficient cooling of food products, inerting the storage and packaging atmosphere, and fumigating grains to avoid pilferage.
Major vendors are experimenting with various combinations and formulations of industrial gases involving noble gases. These formulations are being sold in smaller packaged units to ensure better reach to the remote and small end-users. For instance, Taiyo Nippon Sanso manufactures high-purity specialty gases and auxiliary gas equipment through their company Matheson.
- Air Liquide
- Air Products and Chemicals
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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