High Purity Gas Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (High Atmospheric Gas, Noble Gas, Carbon Gas, Other types of Gas),  By Function (Insulation, Illumination, Coolant), By Storage (Cylinders/ Packaged Gas, Merchant Liquid, Tonnage), By End user (Chemicals, Oil & Gas, Medical & Healthcare, Food & Beverage, Metal Production, Electronics, Others) and Region Forecast 2019-2030

High Purity Gas Market size was valued at US$ 33,800.5 million in 2023 and is projected to reach US$ 51,498.5 million by 2030 at a CAGR of 6.2% from 2024-2030. Moreover, the U.S. high purity gas market is projected to grow at 6.1% CAGR over the forecast period.

The market focuses on gases with extremely low impurity levels, which are generally used in industries where even slight impurities can affect operations or product quality. These gases, which include nitrogen, oxygen, argon, and hydrogen, are critical in industries such as electronics manufacture, chemical processing, pharmaceuticals, and food production. Advanced filtration and purification procedures provide high purity levels, ensuring gas reliability and consistency for sensitive applications such as semiconductor fabrication and laboratory research, where purity is critical.

The market is being pushed by the rise of high-tech sectors such as semiconductors and electronics, which require high purity gases for manufacture. Demand is driven by trends such as the adoption of renewable energy technologies, greater industrial automation, and developments in healthcare, with Asia-Pacific emerging as a major market due to its strong electronics manufacturing industry. Furthermore, regulatory criteria in industries such as pharmaceuticals and food and beverage demand higher purity levels, while advances in gas handling and storage technology enable further expansion.

Key Players

The global market share is inclusive of several high purity gas companies such as Air Liquide, Linde Plc, Daigas Group, Gruppo SIAD, Resonac Holdings Corporation, Iwatani Corporation, Bhuruka Gases Limited, Matheson Tri-Gas Inc, SOL India Private Limited among others.

List of Instances

• In February 2020, Air Liquide S.A. and BASF SE signed a long-term agreement at the Antwerp Bowl in Belgium. Air Liquide signed a 15-year deal to supply air gases to existing facilities and additional oxygen for BASF's new ethylene oxide production. Air Liquide will also purchase a share of the methane produced by BASF's operations and use it as a feedstock for its hydrogen generation units. This collaboration contributes to a circular economy by reducing CO2 emissions by up to 15,000 tons per year at the Antwerp location.

Facts & Figures

• Nearly 45% of the world's high purity gas consumption in January 2024 came from the Asia-Pacific region, driven by growing electronics production and renewable energy projects.
• In November 2023, hydrogen, a vital high purity gas, was utilized in over 1,000 new fuel cell projects globally, demonstrating an increasing investment in clean energy.
• September 2023 research states that the electronics sector accounts for about 25% of the world's production of high pure gas, fostering advancements in semiconductors, solar cells, and flat-panel displays.

Key Developments

• POSCO Zhongtai Air Solution was formally launched on August 26, indicating its complete participation in the high purity rare gas production market. The joint venture is a collaboration between POSCO Holdings (75.1% stake) and Zhongtai Cryogenic Technology (24.9% stake). Zhongtai, a Shenzhen Stock Exchange-listed firm, specialized in gas-related infrastructure and engineering, primarily air separation systems. The joint venture will use Zhongtai's expertise in rare gas production facilities and unique technology to increase the production and delivery of high purity gases.
• In June 2022, Suzhou Oxygen Plant Co., Ltd. (SOPC), based in China, began operations at a new nitrogen plant to create high quality nitrogen and liquid oxygen. This facility was strategically designed to address the growing need for vital gases in Shanghai's semiconductor industry, which uses such gases in manufacturing processes. The move emphasizes the growing demand for high purity gases in the technology and semiconductor sectors, which are required for precision manufacturing and maintaining clean surroundings in these industries.

High Purity Gas Market Segmentation

By Type: In the industrial the High Atmospheric Gas category is a major driver of the market, owing to strong demand from the electronics and healthcare industries. High quality nitrogen is required for semiconductor manufacture because it generates inert environments that prevent oxidation and contamination throughout critical production phases. High atmospheric gases, such as oxygen and nitrogen, are especially important in the healthcare industry, where they are employed in respiratory therapy, anaesthesia, and sterile settings. The global expansion of electronics production, particularly in Asia-Pacific, has raised the demand for high purity nitrogen and other atmospheric gases to ensure the accuracy and quality of electronic components. Furthermore, the growing global emphasis on healthcare infrastructure has resulted in increased demand for high purity oxygen for medical applications, particularly in hospitals and research centres. These applications are propelling the expansion of the high atmospheric gas sector, establishing it as a key contributor to the overall market due to its critical role in guaranteeing product quality and operational safety in the high-tech and healthcare industries.

By Function: Insulation is a key functional category in the market, owing primarily to its critical application in the electronics and energy sectors. Because of their inert qualities, high purity gases such as nitrogen and argon are commonly utilized as insulating agents, helping to safeguard sensitive electronic components and provide stable, controlled environments. In the semiconductor business, nitrogen is frequently utilized to avoid oxidation and contamination throughout the manufacturing process, which is critical for producing high-quality and dependable microchips. Furthermore, in the energy industry, high purity insulating gases are used in the production and operation of specialist equipment, such as transformers and high-voltage switchgear, to assist prevent arc formation and maintain efficient performance. The expanding use of renewable energy technologies, such as wind and solar power, is driving up demand for insulating gases capable of providing high levels of electrical insulation in a variety of environments. As worldwide investment in electronics and sustainable energy solutions grows, the insulation function of high purity gases is predicted to expand significantly, reinforcing its position as the market's leading functional category.

By Storage: The Cylinders/Packaged Gas category is the most versatile and widely used storage type in the market. Cylinders are a compact, mobile, and very practical way to store and transfer high purity gases, making them ideal for a variety of applications in laboratories, healthcare institutions, and industrial. High purity gases, such as oxygen and nitrogen, are typically stored in cylinders for on-site use in hospitals and emergency rooms, where portability and ease of access are essential. Furthermore, laboratories and research centres rely on high purity cylinders for a variety of analytical operations, which require reliable and contaminant-free gases for precise work. The increased need for packaged high purity gases is also being pushed by the small- to medium-scale manufacturing sector, where industrial operations frequently necessitate smaller quantities of gas that are readily transported and stored. Unlike large-scale storage solutions, cylinders and packaged gases are flexible, allowing enterprises to use the gas on-site without the need for sophisticated infrastructure. As demand for high purity gases rises in industries that value mobility and accessibility, the Cylinders/Packaged Gas segment is projected to remain a popular choice, driving future expansion in this segment of the market.

By End User: The Electronics segment stands out as a significant end user in the market, owing to the strict quality standards in semiconductor and electronics manufacturing. High purity gases, such as nitrogen, argon, and helium, are required to provide ultra-clean and regulated environments for fabricating microchips, displays, and other sensitive electronic components. In semiconductor fabrication, for example, nitrogen is widely utilized to avoid oxidation during wafer processing, ensuring that production environments are free of contamination. This precision is critical for meeting the high-performance standards expected in modern electronics, particularly in rapidly increasing industries such as telecommunications, computing, and consumer electronics. The Asia-Pacific area, particularly China, Japan, South Korea, and Taiwan, is a global leader in electronics production, driving up demand for high purity gases in this industry. As customer demand for gadgets like smartphones, laptops, and smart home items grows, manufacturers are investing in high purity gas supply to ensure their quality and lifespan. With developments in semiconductor technology and the emergence of new applications in artificial intelligence, driverless vehicles, and 5G infrastructure, the Electronics category is positioned to be a key growth driver in the market.