Understanding The Benefits Of Specality Gases

Written by Business Success on . Posted in High purity gas regulators, Natural gas, Specialty gas regulators

The global specialty gases market is forecast to surpass $14 billion by 2026. According to a market research analyst at Technavio, the global specialty gases market will grow at a compound annual growth rate (CAGR) of more than six percent between 2017 and 2021.

All major gas manufacturers provide specialty pure gases in several grades, ranging in high purity (99.998 percent min. purity) to ultra-high purity (99.999 percent min. purity) to research grade (99.999 percent purity) and depending on the size of the container and the type of gas, the product costs can run from $100 to as much as $3,000.

It might be costly now, but better days could be ahead. A Grand View Research report predicts that cost reduction, yield improvement and performance optimization are projected to drive the global specialty gas market over a six-year span from 2014-2020.

With all of the potential the specialty gas market holds in the coming years, it’s important in the present to make sure a com