Specialty gases have become critical components for nearly every industry. The offerings are numerous and utilised in a variety of end-markets driven by trends in healthcare, environmental, semiconductor, food and beverage and research.
For the major producers of these products, Tier One industrial gas companies, their portfolio may only consist of 5-10% of specialty gases, but it is arguably one of their most profitable segments. On the contrary, at the larger independent producers the specialty gas portion of their portfolio is often a bit higher, necessitating greater focus, resources and investment to be competitive in this space.
This article will provide background on this intriguing segment of the industrial gas market, starting with its humble beginnings, current trends, challenges and market drivers, as well as the outlook and opportunities that will impact this segment for the foreseeable future.
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