Overview and Scope
High purity methane gas is a hydrocarbon that is a primary component of natural gas and is flammable, colorless, odorless, compressed gas. High purity methane gas is a pure gas with few contaminants that can be used alone or as a component in gas mixes for a range of applications.
Sizing and Forecast
The high purity methane gas market size has grown strongly in recent years. It will grow from $7.35 billion in 2023 to $7.86 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to industrial applications, petrochemical industry requirements, research and development, gas chromatography and laboratory applications.
The high purity methane gas market size is expected to see strong growth in the next few years. It will grow to $10.06 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to rise in semiconductor and electronics manufacturing, continued use in gas chromatography and laboratories, energy sector demand. Major trends in the forecast period include market innovation and r&d, expansion into new markets, safety and quality standards compliance, environmental concerns and regulations, healthcare and medical applications, advanced manufacturing processes.
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Segmentation & Regional Insights
The high purity methane gas market covered in this report is segmented –
1) By Type: Chemical Synthesis, Heat Detection, Hydrogen Fuel, Other Types
2) By Distribution: On-site, Bulk (Liquid Gas Transport), Cylinder (Merchant)
3) By Application: Medical, Automotive, Defence, Electronics, Other Applications
North America was the largest region in the high purity methane gas market in 2023. The regions covered in the high purity methane gas market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Growing demand for electronic products is driving the growth of the high-purity methane gas market. Electronic products are components that control the passage of electrical currents to process systems. These devices contain an electronic circuit that can generate or emit a physical radiation field while in operation. Consumer electronics has expanded and intersected with numerous businesses and sectors due to the development of new technology, including software, app development, robots, artificial intelligence, thus driving global consumer electronics growth. Such a surge in demand for consumer electronics devices has increased the need for the high-purity methane gas to produce materials for cells and other electrical devices. For instance, In December 2022, according to a market figure published by gfu Consumer and Home Electronics GmbH, a Germany-based consumer electronics company, stated that with $37.4 billion in sales in 2021, the consumer electronics segment is up 9.6% from $34.1 billion in 2021. Therefore, the growing demand for electronics products will propel the high-purity methane market.
Key Industry Players
Major companies operating in the high purity methane gas market report are Air Liquide S.A, Axcel Gases, Bhuruka Gases Limited, Chemix Specialty Gases and Equipment, Chengdu Taiyu Industrial Gases Co. Ltd., CryoCarb, Taiyo Nippon Sanso Corporation, Wuhan Newradar Special Gas Co. Ltd., EFC Gases & Advanced Materials, Gas Innovation, Linde plc, Matheson Tri-Gas Inc., The Messer Group GmbH, Middlesex Gases & Technologies, Osaka Gas Co. Ltd., Scientific Gas Australia Pty Ltd., Advanced Specialty Gases, AGT SpA, Sumitomo Seika Chemicals Company, Air Products and Chemicals Inc., Praxair Inc., Airgas Inc., Air Water Inc., Iwatani Corporation, Electronic Fluorocarbons, Qingdao Guida Special Gas Co. Ltd., Cryostar SAS, Showa Denko K.K., American Welding & Gas, Green Methane s.r.l
The high purity methane gas market report table of contents includes:
- Executive Summary
- High Purity Methane Gas Market Characteristics
- High Purity Methane Gas Market Trends And Strategies
- High Purity Methane Gas Market – Macro Economic Scenario
- Global High Purity Methane Gas Market Size and Growth
- High Purity Methane Gas Market Segmentation
- High Purity Methane Gas Market Regional And Country Analysis
……………..
- Key Mergers And Acquisitions In The High Purity Methane Gas Market
- High Purity Methane Gas Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global High Purity Methane Gas Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global High Purity Methane Gas Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global High Purity Methane Gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
………………..
Table 74: Air Liquide S.A Financial Performance
Table 75: Axcel Gases Financial Performance
Table 76: Bhuruka Gases Limited Financial Performance
Table 77: Chemix Specialty Gases and Equipment Financial Performance
Table 78: Chengdu Taiyu Industrial Gases Co. Ltd. Financial Performance
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