High Purity Gas Market

• Increasing demand from the electronics industry is driving market growth.

The rising demand in different industries drives market CAGR for high-purity gas. High-purity gases are used extensively in the electronics industry for semiconductor manufacturing, LCD panel production, and LED fabrication. As demand for electronic devices continues to grow, the demand for high-purity gases also increases. The trend will likely continue in the coming years, with the electronics industry remaining a major growth driver in the high-purity gas market.

Governments and industry organizations worldwide are implementing stricter regulations and standards for the use of gases in various industries. Companies in different industries are increasingly seeking high-purity gases that meet these regulations and standards, driving demand for these products.

For instance, the high-purity gas market will likely grow in the coming years, driven by these and other trends. As industries continue to demand increasingly pure gases for their processes, manufacturers must continue to innovate and develop new products to meet this demand driving the High Purity Gas market revenue.

March 2024

EFC Gases & Advanced Materials (EFC), an industry leader in advanced materials and specialty gases, is pleased to announce the official Cymer certification of its Neon Gas Recycling System for use with excimer lasers. Neon is an indispensable component in deep ultraviolet (DUV) lithography, serving a pivotal function in the generation of laser light. This innovative system represents EFC's dedication to sustainable technology and provides end-users with consistent neon pricing over the long term. It is anticipated to bring about significant changes in the rare gas and semiconductor sectors.

Matt Adams, executive vice president of EFC, emphasized the contribution of the Neon Gas Recycling System to the advancement of sustainability and innovation. "This OEM-qualified system represents a substantial advancement in excimer laser technology, providing environmental benefits and enhanced operational efficiency." This statement underscores our dedication to effecting constructive transformations through the application of chemistry and technology. Additionally, Mr. Adams conveyed his appreciation to Cymer, underscoring their mutual dedication to fostering a semiconductor ecosystem that is extra-sustainable.

Principal Components of the Neon Gas Recycling System:

• OEM-Approved Excellence: The recycling system has attained OEM qualification by integrating flawlessly with excimer lasers that adhere to industry standards, thereby guaranteeing dependability and superior performance.
• Stable Neon Pricing: An industry-first initiative, the system ensures supply chain continuity and long-term stability in neon pricing through the capture and recycling of laser gas that would otherwise be vented. This empowers businesses to enhance their financial planning and operational efficiency.
• Carbon Footprint Reduction: Over the next two decades, the recycling of neon can counterbalance the demand for its production, thereby reducing carbon dioxide emissions per semiconductor facility by more than one million metric tons. This is consistent with the commitment of the semiconductor industry to sustainable manufacturing.

The Global High Purity Gas Market Industry benefits from regulatory support and established standards that ensure the quality and safety of high purity gases. Governments and industry associations are actively promoting regulations that mandate the use of high purity gases in various applications, particularly in electronics and healthcare. This regulatory framework not only enhances consumer confidence but also drives market growth by ensuring that industries adhere to stringent quality standards. As regulations evolve, the demand for high purity gases is expected to rise, further solidifying the industry's position in the global market.

The Global High Purity Gas Market Industry is significantly influenced by advancements in medical applications. High purity gases are critical in various medical processes, including diagnostics and therapeutic applications. The increasing prevalence of chronic diseases and the growing emphasis on healthcare innovation drive the demand for high purity gases in medical settings. This trend is likely to enhance the market's growth, as healthcare providers seek reliable and high-quality gases for patient care. The integration of high purity gases in medical technologies suggests a robust future for the industry, reflecting the ongoing evolution of healthcare.

The Global High Purity Gas Market Industry is poised for growth due to the expansion of emerging markets. Countries in Asia-Pacific and Latin America are increasingly investing in industrialization and technological advancements, leading to a higher demand for high purity gases. As these regions develop their manufacturing capabilities, the market is likely to see a compound annual growth rate of 4.36% from 2025 to 2035. This expansion in emerging markets presents opportunities for manufacturers and suppliers of high purity gases, indicating a dynamic shift in the global landscape.

The Global High Purity Gas Market Industry is witnessing growth due to the rising adoption of renewable energy technologies. High purity gases are essential in various processes, including hydrogen production for fuel cells and other energy applications. As countries strive to meet their renewable energy targets, the demand for high purity gases is expected to increase significantly. This trend aligns with global efforts to transition to cleaner energy sources, potentially contributing to the market's expansion towards 30.5 USD Billion by 2035. The integration of high purity gases in renewable energy applications indicates a promising future for the industry.

The Global High Purity Gas Market Industry experiences a surge in demand driven by the electronics manufacturing sector. As industries increasingly rely on high purity gases for semiconductor fabrication and other electronic components, the market is projected to reach 19.1 USD Billion in 2024. This growth is attributed to the need for precision and quality in electronic devices, which necessitates the use of high purity gases. The increasing complexity of electronic components further amplifies this demand, suggesting that the market will continue to expand as technology advances.

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American high-purity gas market has the fastest growth in the market due to the rising demand for high-purity gases from the healthcare and electronics industries is expected to drive the growth of the market in the region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: HIGH PURITY GAS MARKET SHARE BY REGION 2022 (%) Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

Europe High Purity Gas market accounts for the second-largest market share due to the growing demand for high-purity gases from the semiconductor and electronics industries in the region. Further, the German High Purity Gas market held the largest market share, and the UK High Purity Gas market was the fastest-growing market in the European region.

The Asia-Pacific High Purity Gas Market will dominate from 2023 to 2032. It is due to the growth of the electronics and semiconductor industries and products in these countries is expected to boost the demand for high-purity gases. Moreover, China’s High Purity Gas market held the largest market share, and the Indian High Purity Gas market was the fastest-growing market in the Asia-Pacific region.

For instance, the high-purity gas market is expected to grow fast in the coming years, driven by increasing demand from different industries such as electronics and healthcare.

Leading market players are investing heavily in research and development to expand their product lines, which will help the High Purity Gas market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, High Purity Gas industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the High Purity Gas industry to benefit clients and increase the market sector. The High Purity Gas industry has offered some of the most significant medical advantages in recent years.

Major High Purity Gas market players, including Praxair Inc. (US) Linde Group (Germany), Air Liquide S.A. (France), Messer Group (Germany), Advanced Specialty Gases Inc. (US), Matheson Tri-Gas Inc. (US), Air Products and Chemicals Inc. (US), Airgas Inc. (US), Iceblick Ltd. (Ukraine), Iwatani Corporation (Japan), and others, are attempting to increase market demand by investing in research and development operations.

Atlas Copco is a Swedish multinational company founded in 1873 and located in Nacka, Sweden. It manufactures industrial tools and equipment. Atlas Copco companies develop, manufacture, service, and rent industrial tools, air compressors, and construction and assembly systems. Atlas Copco introduced its new range of compact, cost-effective, on-site, low-flowing membrane nitrogen generators offering 20% greater efficiency. In keeping with the industry's demand for on-site gas generation systems, Atlas Copco has launched the latest nitrogen production technology, the NGM+ 7-70 upgraded, 10-model range, capable of producing high-quality nitrogen.

Air Liquide S.A. French multinational company founded in 1902, located in Paris, France. It supplies industrial gases and services to various industries, including medical, chemical, and electronic manufacturers. In September 2018, Air Liquide inaugurated its Paris Innovation Campus on the "Plateau de Saclay" near Paris. The campus includes Air Liquide's largest Research & Development Center, fully renovated with an investment of €50 million. On this occasion, Air Liquide announced the creation of a deep-tech start-up accelerator on the Innovation Campus in 2019.