Published on: March 10, 2021
High purity methane gas market size will increase at a steady pace. The growing demand from electronics industry and the increasing demand for hydrogen as a clean fuel in the transportation industry will be key factors influencing market growth during the forecast period. Osaka Gas, Sumitomo Seika, Linde Plc, Air Liquide, and Matheson Tri-Gas Inc. are some of the key vendors in this marketspace.
This report provides a comprehensive analysis of the market by application (chemical synthesis, heat detection, R&D laboratory, transistors & sensors, and power electronic) and geography.
Top Market Trend - Increasing demand for hydrogen as a clean fuel in the transportation industry
Growth Driver - Increasing demand from the electronics industry
Major Market Challenge - High cost of gas processing
Parent Market - Specialty chemicals
Parent Market Size - Specialty chemicals industry was worth $849.53 billion in 2020
Prominent Vendors - Osaka Gas, Sumitomo Seika, Linde Plc, Air Liquide, and Matheson Tri-Gas Inc.
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The high purity methane gas market is catalogued under the specialty chemicals industry which will grow at a moderate pace during the forecast period.
There is a growing demand for water-soluble polymers for water treatment. The demand for water-soluble polymers is increasing on account of recent developments in the water and wastewater treatment industry. Water treatment plants are the most important and largest consumer of water-soluble polymers. Considering the importance of water treatment to support the growing global population, the demand for water-soluble polymers from this sector is expected to continue to grow over the coming years. As the municipal, wastewater, and industrial water treatment markets are large and well established in developed countries, the demand for water-soluble polymers will be moderate. In developing countries such as China and India, the need for water-soluble polymers is growing as a result of the increased focus on wastewater treatment.
In addition to the rising demand for water-soluble polymers, the demand for anaerobic adhesives in developing countries and the shift toward specialty adhesives and sealants will also drive market growth.
The global market for high purity methane gas has been segmented by application and geography. By application, the market has been classified into chemical synthesis, heat detection, R&D laboratory, transistors & sensors, and power electronic.
Based on Geography
By geography, the report analyzes the market by key regions North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa (MEA).
Regional-specific analysis also provide insights of the upcoming demand for high purity methane gas across key countries in these regions.
Major market trends such as the increasing demand for hydrogen as a clean fuel in the transportation industry and the growing demand from electronics industry will have a positive influence on market growth and as a result, the market size will increase at a steady rate year-over-year.
Though there are several growth for market players, the high cost of gas processing will hinder market growth.
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Some of the key high purity methane gas market vendors covered in this report include:
Osaka Gas
Sumitomo Seika
Linde Plc
Air Liquide
Matheson Tri-Gas Inc.
The market is competitive and with the upcoming number of growth opportunities for market vendors, the competitive landscape is set to intensify further. The key players are adopting various strategies including collaborations, M&As, and the development of innovative products to enhance their customer base.
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Accurate prediction on high purity methane gas market CAGR, market size, and growth potential.
Insights on the market’s growth & opportunities in the global and regional levels.
Get a clear understanding on the business implications of key market trends.
Detailed analysis of market challenges and risks.
Comprehensive data that covers region-, segment-, and company-specific information.
Identify key competitors and the products/services they offer, their market share, and business strategies including investments & M&As.
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Scope of the Report |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Parent Market |
Specialty Chemicals |
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Parent Market Size |
$849.53 billion |
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By Market Segmentation by Application |
Chemical Synthesis | Heat Detection | R &D Laboratory | Transistors & Sensors | Power Electronic |
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Regional analysis |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa (MEA) |
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Companies profiled |
Osaka Gas, Sumitomo Seika, Linde Plc, Air Liquide, and Matheson Tri-Gas Inc. |
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Top Market Trend |
Increasing demand from electronics industry | Increasing demand for hydrogen as a clean fuel in the transportation industry |
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Report Benefits |
Market trends analysis, Competitor market share and strategies, Company profiling and competitive benchmarking, Growth opportunities in global and regional levels, Business implications of market risks and challenges, |
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