Selbyville, Delaware, April 13, 2020 (GLOBE NEWSWIRE) -- The global electronic special gases market accounted for USD 553 million in 2019, and is estimated to record a remuneration of USD 924 million, while growing at a CAGR of 13% through 2026. This growth is majorly influenced by the ongoing covid-19 pandemic. It has been estimated that the spread of this epidemic globally would prompt the electronic special gases market to increase at a growth rate of -17% in 2020.
The application spectrum of this industry, as per the report, encompasses electronics and semiconductor, pharmaceutical, medical, and other sectors. The research reports also draws attention towards the developmental trends across various regions including APAC, Europe, North America, Middle East, and Latin America. Of these, China has been predicted to emerge as a lucrative growth ground for electronic special gases market. The report also delivers an insight into the impact of the current situation on global and domestic industry players, regulatory reforms, value chain optimization, technological trends, novel product launches, opportunities analysis, and strategic market growth analysis.
The global demand for these gases across electronic and pharmaceutical sectors is projected to augment appreciably in the years to come; despite the industry being in an emerging stage, it is poised to exhibit promising growth over the forecast period.
Electronic special gases are high-purity gases primarily used during the process of production of semiconductors, LEDs, LCDs, solar cells, and others. These gases are referred to as chemical gases used in production process of various semiconductors such as washing, blending ion injection, and mask formation. Further, electronic special gases make the silicon wafers possess semiconductor properties via different procedures and processes, and also determine performance, implementation, and yield of ICs.
Request Sample copy of this Report @ https://www.marketstudyreport.com/request-a-sample/2496883/
There are about more than 30 commonly used high purity special gases which are mainly bifurcated into alkane, halide gas, and other gases. These gases are projected to be highly flammable, toxic, and explosive. Owing to the aforementioned features, electronic special gases are difficult to produce and have high value. Currently, the fluorine containing series of electronic gases account for an overall market share of 30 per cent. These gases are fundamentally used for cleaning agents, dopants, film-forming materials, and others.
On the basis of application spectrum, electronic special gases industry is fragmented into electronics and semiconductors, medical and healthcare, manufacturing, refrigeration, and other applications. As per estimates, in 2017, the downstream applications in electronics, medical and environmental protection, and petrochemicals accounted for a business share of 40%, 10%, and 40% respectively. Moreover, display panels, solar energy, LEDs, and downstream integrated circuits accounted for 37%, 13%, 8%, and 42% respectively.
Geographically speaking, as per the Prospective Industry Research Institute report, China’s electronics specialty gas market has recorded a valuation of 12 billion yuan, at a CAGR of 13.4 per cent over the past 9 years. The country’s special gases market developed with the expansion of domestic electronics industry since 1980s, along with the development of food, medical, environmental protection and other industries.
As the industry is currently in nascent stage, it is basically dependent on imports due to gaps in technology, processes, and equipment. However, China has been putting in efforts to accentuate the market growth in every way possible. China Gas Corporation, through extensive research and development and investment in the field, has realized the import substitution of IC with high purity C02, hexafluoroethane, and photolithography gas.
The worldwide electronic special gases is rather fragmented and boasts of the presence of top notch companies including Linde gas, Air Liquide, TAIYO NIPPON, SANSO CORP., Praxair, and others. Estimates claim that the market of gas companies like Air Liquide Group, TAIYO NIPPON, Air Products and Chemicals, Praxair, SANSO Corp., and Linde Group accounted for over more than 80 per cent market share in 2018.
To access a sample copy or view this report in detail along with the table of contents, please click the link below:
The global electronic special gases industry is segmented on the basis of type, application, regional demographics, and competitive landscape.
Electronic Special Gases Market Type Analysis (Revenue, USD Million, 2015-2026)
Electronic Special Gases Market Application Analysis (Revenue, USD Million, 2015-2026)
Electronic Special Gases Market Regional Analysis (Revenue, USD Million, 2015-2026)
North America
Europe
Asia Pacific
Latin America
Electronic Special Gases Market Competitive Landscape Analysis (Revenue, USD Million, 2015-2026)
Related Report:
GCC Natural Gas Market Share & Forecast to 2024
GCC Natural Gas Market is predicted to reach over USD 50 Billion by 2024; according to new research report. Increasing focus toward development of non-conventional reservoirs with an aim to minimize dependency on imports will fuel the GCC natural gas Market. Low electricity generation cost, environmental proximity and cost effectiveness will make the product adoption preferable over other alternatives. According to BP energy outlook, natural gas is predicted to witness growth over 60% where total energy utilization is projected to gain over 50% escalation by 2040.
CNG natural gas market is projected to surpass USD 3 billion by 2024. Shifting trend toward energy security coupled with rising number of automotive vehicle will boost the product demand. In Saudi Arabia, passenger vehicle sales are predicted to grow by 50%.
Global Medical Gases Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025
The global Medical Gases market size expected to reach USD 7144.8 million by 2025; according to new research report. The Medical Gases market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.
About US:
Market Study Report, LLC. is a hub for market intelligence products and services.
We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.
Our customers partner with Market Study Report, LLC. to ease their search and evaluation of market intelligence products and services and in turn focus on their company's core activities.
If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, LLC. is the platform that can help you in achieving any of these objectives.
Contact Us: Corporate Sales, Market Study Report LLC Phone: 1-302-273-0910 Toll Free: 1-866-764-2150 Email: sales@marketstudyreport.com