Specialty gases are vital to a wide range of applications especially electronics.
The industrial gas market value is expected to rise from $74.94bn in 2024 to $158.19bn by 2034, according to Future Market Insights data, a CAGR of 7.80% over the next decade.
The market is being driven by the increasing use of industrial gas in the electronics (photovoltaic) industry to produce semiconductors, displays, solar, wafers, LED solid-state lighting, and polysilicon.
Solar photovoltaic energy, especially, is becoming a prominent source of sustainable energy generation. These gases are expected to reduce manufacturing costs, which are projected to raise demand.
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