Global High Purity Gases Market Driven by Increasing Number of End Users
The major end users in the global high purity gases market are the metal production and processing industries, the food and beverage industry, and the electronics industry. All three industries are flourishing currently, leading to a sustained high demand for high purity gases.
In addition to these, other end uses are also emerging in the global high purity gases market. The automotive industry has become a major end user of high purity gases in the last few years, aided by the rising demand from Asia Pacific. The healthcare industry, oil and gas industry, and chemical industry have also exhibited a rising demand for high purity gases in recent years and are expected to remain influential in the trajectory of the global high purity gases market in the coming years.
Asia Pacific to Rise in Importance in Global High Purity Gases Market
At present, the global high purity gases market is dominated by North America. However, the rising industrial sector in emerging countries in Asia Pacific such as China and India is expected to be a major factor in the growth of the global high purity gases market in the coming years. The booming performance of the major end users of high purity gas in these countries is thus a promising sign for players in the global high purity gases market.