Specialty Gases Market Report 2026

The specialty gases market size has grown strongly in recent years. It will grow from $13.84 billion in 2025 to $15.03 billion in 2026 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to growth in electronics manufacturing, industrial gas demand, medical technology expansion, research laboratory usage, oil and gas processing needs.

The specialty gases market size is expected to see strong growth in the next few years. It will grow to $20.96 billion in 2030 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to advancements in semiconductor fabrication, growth in healthcare diagnostics, expansion of renewable energy technologies, demand for precision manufacturing, increasing industrial automation. Major trends in the forecast period include rising demand for high purity gases, growth in semiconductor and electronics applications, expansion of medical and healthcare usage, increasing custom gas mixture requirements, focus on precision and quality control.

The increasing demand for semiconductors is expected to drive the growth of the specialty gases market. Semiconductors, which have electrical conductivity between that of conductors (like copper or aluminum) and insulators (such as rubber or glass), are increasingly needed due to the rising demand for more powerful and efficient electronic devices. These devices support advancements in connectivity, automation, and data processing. Specialty gases play a crucial role in semiconductor fabrication by enhancing yield, quality, and efficiency, meeting the industry's stringent requirements for precision, purity, and reliability. For example, according to the Semiconductor Industry Association, global semiconductor industry sales reached $526.8 billion in December 2023 and are projected to grow by 13.1% in the second quarter of 2024. Thus, the growing need for semiconductors is fueling the expansion of the specialty gases market.

Leading companies in the specialty gases market are developing advanced production modules to improve efficiency, ensure accurate gas mixture formulations, and meet the stringent quality and purity standards demanded by various industries. These new modules offer comprehensive visibility into production progress and real-time insights for proactive management, enhancing efficiency and safety. For instance, in May 2024, Computers Unlimited, a US-based software company, introduced an advanced specialty gas production module for its TIMS software platform. This new module is designed to revolutionize the production and management of custom specialty gases in the industrial gas sector.

In September 2023, Air Water America Inc., a US-based provider of industrial gases and related services, acquired American Gas Products LLC for an undisclosed amount. This acquisition aims to expand Air Water America's helium operations and supply capabilities. American Gas Products LLC, a US-based company, manufactures and supplies specialty gases.

Major companies operating in the specialty gases market are Mitsui Chemicals Inc., Linde plc, Air Liquide S.A., DuPont de Nemours Inc., Air Products and Chemicals Inc., Showa Denko K.K., Airgas, Messer Group GmbH, Norco Inc., Kanto Denka Kogyo Co. Ltd., Praxair, Purity Cylinder Gases Inc., Welsco Inc., ILMO Products Company, Weldstar, American Gas Products, Coregas, MESA International Technologies Inc., Nova Gas Technologies Inc., Concorde Specialty Gases Inc., Electronic Fluorocarbons LLC, Advanced Specialty Gases Inc., Iwatani Corporation.

Asia-Pacific was the largest region in the specialty gases market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the specialty gases market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the specialty gases market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The specialty gases market consists of sales of calibration gases, reactive gases, and specialized mixtures. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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