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Specialty Gas Market - Forecast(2020 - 2025)

Specialty Gas Market Overview: According to import and export details of specialty gases, these gases worth $12,239,259 were imported throughout the world in 2018. [1]  The market demand of specialty gases is high owing to its wide application and diversified end user industry. It has a wide end user base including analytical and calibration industry where these gases are chemically purified to have extremely low levels of impurities. This segment is quite important and is expected to grow with a compound annual growth rate (CAGR) of 6.77% during the forecast period of 2019-2025. In the upcoming years, specialty gases market will flourish on its demand obtained from the pharmaceutical industry. In the year 2018, the global specialty gases market valued at $8,477 million and during the forecast period of 2019-2025, the opportunities are evaluated to grow with a compound annual growth rate (CAGR) of 5.40%. Specialty Gas Market Outlook: Specialty gases are a category of industrial gases