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Western Canada Specialty Gases Market - Forecast(2023 - 2028)
Western Canada Specialty Gases Market Overview
The Western
Canada Specialty Gases Market size is projected to reach US$452.2 million by
2027, after growing at a CAGR of 7.2% during the forecast period 2022-2027. Specialty
gases are also denoted as zero gases, span gases, calibration gases, or
instrumentation gases. These are available in pure form or mixture of gases. Mixed
gases are blended together according to their use such as medical technology,
calibration of analyzers and microbiology incubations. A few of the significant
types of specialty gases that are utilized in a wide range of applications are nitrogen trifluoride, xenon, tungsten hexafluoride, hydrogen chloride and hydrogen fluoride. These are utilized in a broad
range of applications such as instrument applications, energy, research,
development, refinery and petrochemical. Several fields and industries require
high-technology industrial processes, instrumentation, right gas mixture and
suitable gas handling equipment.
Many industries across the globe have faced several challenges due to the COVID-19 pandemic. The industries such as electrical and electronics, food and beverages, petrochemical and refineries and chemicals & materials including many others have experienced pitfalls. According to the Bank for Canadian Entrepreneurs (BDC), food and beverages sector in Canada caused a decline of 5.2% in mid-2020. The production and demand in these industries has declined due to an interrupted supply chain and cessation in transportation. The pause in industrial production and distribution, the demand and consumption of specialty gases has hampered to an extent in several industries in Western Canada. However, an increase in the demand in medical and pharmaceutical has supported the Western Canada specialty gases market size during the pandemic.
Report Coverage
The “Western Canada Specialty Gases Market Report
– Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the
following segments in the Western Canada specialty gases industry.
Key Takeaways
Food and beverages industry is the major end use sector, thus growing such an industry will drive the growth of overall market, this is the reason it is included.
Specialty gases play an
important role in several industries such as electronics, medical and
pharmaceutical, petrochemical and refineries, water treatment and purification
and chemicals and materials which is expected to provide significant growth
opportunity to increase Western Canada Specialty Gases market size in coming
years.
Increased demand of high purity
gases from medical and pharmaceutical Canada is expected to provide substantial
growth opportunities for the industry players in near future in Western Canada
Specialty Gases industry.
Figure: High Purity Western Canada Specialty Gases Market Revenue, 2021 (US$ Million)
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High purity gases segment held the largest Western Canada Specialty Gases Market share in 2021, with a share of over 34%. High purity specialty gases are the preferred choice in a wide range of industries and are available in broad range from research grade to chemical pure grade. These gases are further categorized as nitrogen and oxygen. Nitrogen is used as key element for cooling, freezing and chilling. The companies operating in high purity specialty gases are more inclined towards covering several aspects such as work safety, research and development and environmental protection. These gases are considered as a vital component in the production of semiconductor elements. Moreover, it is also considered as the supplementing factor for the components that are used for calibration purposes. Thus, several benefits and a wide range of applications of high purity specialty gases is boosting the market growth.
Western Canada Specialty Gases Market Segment Analysis – By End Use Industry
The medical and pharmaceutical segment is
expected to grow at a fastest CAGR of 9.6% during the forecast period in the Western
Canada Specialty Gases Market. Specialty gases are considered a significant element in a wide
range of medical and pharmaceutical applications. These
are used in various analytical methods such as gas and liquid chromatography
Fourier transform infrared, non-dispersive infrared, infrared spectroscopy and
mass spectrometry. These are further utilized in calibration method for gas
analyzers, gas detectors, medical gas analyzers, clinical analyzers, breath
monitors and environmental monitors. These gases are also suitable for a range of
pharmaceutical and biotech companies for critical drug development, clinical
trials, fermentation and cryo-preservation and repositories. Thus, the wide
range of applications in medical and pharmaceutical industry is boosting the
market growth of specialty gas market.
Western Canada Specialty Gases Market – Drivers
Increase in adoption in food industry
The rapid
population increase and adoption of healthy and sustainable diet has led to
increase in demand for food items, thereby increasing the production level of
food items. The increase in demand for food has also boosted the demand for
effective food packaging and storage. In food industry, protecting and
preserving food and extending the shelf life of the products are the major
challenges. Specialty gases are useful in food industry for visual appeal,
long-lasting quality and sparkling freshness. In food industry, these gases are
majorly used in the production stage for carbonation of beverages, freezing and
packing of food and cooling during mixing processes. These gases preserve the
characteristics of food such as chilled, fresh, frozen, fizzy and crisp as the
types of food and beverages. It helps food manufacturers to improve
productivity, enhance food product quality and food safety. The major types of
specialty gases used in food industry are carbon dioxide and nitrogen. According
to the Bank for Canadian Entrepreneurs (BDC), in 2021, meat processing is one
of the largest food and beverage processing segment in Canada accounting for
17% of the industry, followed by bakery and dairy at 14% and 9% respectively. Thus,
growth in food industry is boosting the demand for specialty gases and it also
accounts for a significant share in Western Canada Specialty Gases market share.
Growth in electronics industry
Specialty gases
are used in electronics and semiconductor industry throughout every stage of
manufacture such as oxidation, chemical vapor deposition, thermal diffusion,
sputtering and ion implantation. Semiconductor process gases are categorized as
silicon precursors, dopants, etchants and atmospherics. Oxygen is used for the
oxidation of silicon; argon is employed in order to provide inert environment
for sputter deposition of metals and hydrogen is utilized to provide a reducing
environment for annealing metal films. The demand for electronic products is rising in
Canada with the increasing production and consumption of electronic items and the demand for
semiconductors is rising owing to the massive demand for electronic products
and services in Canada. This is expected to influence the market’s growth
during the forecast period. According to
GlobalSpec, Canada to invest US$240 million in collaboration with Canadian
researchers and businesses to strengthen its electronics industry. The funds of
US$150 million through Strategic Innovation Fund in order to strengthen
Canada’s supply of semiconductor. Thus, growth in electronics industry is
boosting the demand for specialty gases and it also accounts for significant
share in Western Canada Specialty Gases market share.
Western Canada Specialty Gases Market – Challenges
Stringent government regulations
Specialty gases are available in broad ranges and utilized in
numerous end-use industries such as electronics, food and beverages, metal
treatment, medical and pharmaceutical and chemicals and materials including
many others. However, the companies which are associated with the production of
these gases has to comply with several government and environmental
regulations. These gases need to be filled in the pure gas and compressed cylinders
and regulations need to be followed for storage, transportation and emptying
the pressure containers. The manufacturers have to comply with several safety
hazards such as physical hazards, chemical hazards, environmental hazards and gas
packaging. These gases are toxic, flammable, oxidizing and corrosive and can
cause serious injury to human and can damage property if not handled with care.
Canada has several regulations such as Oil and Gas Occupational Safety and
Health Regulations, Canada Oil and Gas Certificate of Fitness Regulations and Oil
and Gas Spills and Debris Liability Regulations. Thus, stringent government
regulations related to specialty gases may hamper the market growth.
Western Canada Specialty Gases Industry Outlook
The top 10 companies in the Western Canada Specialty Gases market are -
- Messer Canada Inc.
- Linde plc.
- Air Liquide Canada Inc.
- Air Products Inc.
- Innovair Group
- Praxair Canada Inc.
- Core Industrial Gases
- AMR Process Inc.
- Entegris
- Imperial Helium Corp.
Recent Developments
- In September 2021, Air Products Inc. with Government of Canada has announced the plan to build multi-billion-dollar new net-zero hydrogen complex which is expected to make Edmonton, Alberta the centre of western Canada’s hydrogen economy.
- In January 2021, Air Liquide has inaugurated the World’s largest low carbon hydrogen plant in Canada. This hydrogen production process is considered to avoid emission of around 27,000 tonnes of CO2 per year as compared to traditional method.
- In July 2019, Air Liquide has signed renewal contract with Shell Chemicals for the supply of oxygen, nitrogen, steam and electricity to Shell’s Scotford facility in Fort Saskatchewan, Alberta, Canada.
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