Technavio Announces the Publication of its Research Report Global Specialty Gases Market 2017-2021
Technavio recognizes the following companies as the key players in the global specialty gases market: Air Liquide, Air Products and Chemicals, Linde, Messer, and Praxair.
Other Prominent Vendors in the market are: Advanced Gas Technologies, Advanced Specialty Gases, Maine Oxy, Norco, Showa Denko K.K., Taiyo Nippon Sanso, and Welsco.
Browse full report with TOC @ https://marketreportscenter.com/reports/478774/global-specialty-gasses-market-2017-2021
Commenting on the report, an analyst from Technavios team said: The latest trend gaining momentum in the market is innovations in storage design and packaging. Most specialty gases are packaged in cylinders at pressures of up to 300 barometers and are supplied to end-uses in volume variants of 1-50 liters. These cylinders are made of high-strength steel and aluminum to withstand high pressures, avoid leakages, and ensure maximum safety throughout transportation and storage. Distribution of specialty gases through this route is a cost-intensive process as transportation of these heavy cylinders incurs a large amount of energy in terms of fuel and packaging.”
According to the report, one of the major drivers for this market is booming pharmaceutical and healthcare sectors. The global healthcare sector is primarily driven by changing lifestyles, aging population, unhealthy eating habits, and increased occurrence of chronic diseases across the globe. Specialty gases are an imperative part of the pharmaceutical industry. Pharma grade specialty gases are expected to be highly compliant with pharmacopeia standards.
Further, the report states that one of the major factors hindering the growth of this market is stringent safety legislation. Many of the specialty gases are defined as hazardous, toxic, carcinogenic, flammable and are stored at high pressure. This is a potential threat that puts the personnel working in this environment under a constant risk. Stringent safety legislation affects all facets of specialty gas manufacturing, right from product classification and labeling, registration, packaging and transportation, storage, product information, and product disposal.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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