In today’s modern society, much of the world relies on pure gases and gas mixtures for a variety of reasons. In fact, many industries need these valuable gases to function properly, such as the medical and healthcare, manufacturing, and electronics industries, to name a few. Because so many parts of our society and economy rely on pure gases and gas mixtures, it’s important for gas suppliers to have fully functional, high purity gas equipment on hand at all times so they can keep up with demand.
For many gas companies, having a steady supply of various grades of gases available is important. From grades ranging from research grade and high purity to ultra-high purity, many well established, successful gas suppliers pride themselves on being able to offer what their customers need. Considering the fact that the specialty gases market is expected to grow in the coming years, it’s good to know that gas companies are working hard to keep up with the growing demand. In fact, but 2026, many industry professionals predict the specialty gases market will exceed $14 billion. What factors are behind such an optimistic forecast, though? Let’s find out.
There are many factors at play that impact the overall price forecast for specialty gases. Demand is an obvious one. Other organizations have done their own research into the price forecasts to learn what’s driving the value up. For example, Grand View Research compiled a report that looked at factors such as cost reduction, high purity has equipment performance optimization, and yield improvement. The organization found that as the specialty gases industry has continued to evolve and improve over time, it’s become more efficient. This means the reason why the value of specialty gases is expected to increase so much is because the gases industry has improved so much over time and is better equipped to meet the ever-growing demand, thanks to advances in technology and equipment, including high purity gas equipment, specialty gas regulators, and other tools.
At the end of the day, however, only time will tell how much the value of specialty gases and other gases will increase in the coming years. What other factors do you think could come into play?
