Press Release

Australia Specialty Gases Market to Grow at 8% during Forecast Period

Rapid technological developments and application innovations to drive Australia specialty gases market

According to TechSci Research report, Australia Specialty Gases Market By Type, By Distribution, By Application, By Region, Competition, Forecast & Opportunities, 2024, Australia specialty gases market is expected to grow at a steady rate of around 8% during the forecast period on account of high demand from various end user industries. Additionally, increasing demand for specialty applications such as photo voltaic cells and plasma display panels is further expected to propel the market during forecast period. However, regulatory restrictions along with the threat of substitutes are likely to hamper the growth of market during forecast period. Additionally, safe transportation of cylinders carrying the gases is also an issue restricting the growth of market.

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The Australia specialty gases market is segmented based on type, distribution, application, region and company. Based on distribution, the market can be bifurcated into packaged and bulk. The bulk segment is expected to hold a significant market share during forecast period since it is an industrial standard or industrial preference for distribution of gases. Based on application, the market can be fragmented into manufacturing, electronics, academics, analytical & calibration, refrigeration, healthcare, petrochemicals and others. Petrochemical segment is expected to witness the fastest growth during forecast period owing to the growing usage of petrochemical products worldwide, and high penetration of specialty gases in the respective application.

The Linde Group, Supagas Holdings Pty Ltd., Coregas Pty Ltd., Air Liquide Australia Ltd., Renegade Gas Pty Ltd., Iwatani Corporation, Mitsui & Co. (Australia) Ltd., Air Products and Chemicals, Inc., BOC Australia, etc., are some of the leading players operating in Australian specialty gases market. Companies operating in the market are using organic strategies such as product launches, mergers and collaborations to strengthen their market position.

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“Australia specialty gases market is expected to witness significant growth during forecast period on account of increasing government initiatives towards developing the country’s manufacturing sector along with rising industrialization. Additionally, innovations in specialty gases manufacturing technologies and delivery equipment is further expected to aid market growth during forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Australia Specialty Gases Market By Type, By Distribution, By Application, By Region, Competition, Forecast & Opportunities, 2024 has evaluated the future growth potential of Australia specialty gases market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Australia specialty gases market.

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