Increasing applications of high-purity methane gas in the automotive, transportation, oil and gas, chemical, and medical industries are expected to expand the high-purity methane gas market. High-purity methane gas is also used as a raw material in the production of chemicals such as synthetic ammonia, hydrogen methanol, and carbon black, influencing its market need. With the growing popularity of renewable energy sources, the demand for high-purity methane gas is predicted to witness a substantial increase. Moreover, the increasing need to reduce carbon emissions and depleting fossil fuels, coupled with stringent government regulations regarding vehicular emissions, is creating sustained growth in the market. During the forecast period, positive developments in the consumer electronics, automotive, and electronics industries are expected to strengthen the market.

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Growing Demand for High-Purity Methane in Chemical Manufacturing Bolsters Market Expansion

In terms of application, the electronic development segment is anticipated to command the highest share in the high-purity methane gas market. The electronics industry employs high-purity methane vapour to manufacture integrated circuits, electronic devices, and amorphous silicon solar cells. In the coming years, growth in this segment will be fueled by the increasing adoption of mobile devices and consumer electronics. On the other hand, the chemical manufacturing segment is also poised to positively impact the high-purity methane gas market amid the rising demand for high-purity methane in the manufacturing of chemicals such as methanol, hydrogen, and acetylene. Furthermore, greater industrialisation and novel RD activities will further enhance the use of high-purity methane in chemical manufacturing.

Extensive Usage in Graphene Manufacturing Opens New Business Opportunities

High-purity methane gas is a primary raw material for the manufacturing of graphene, a unique material with exceptional properties such as high electrical conductivity, charge mobility, flexibility, low optical absorption, and bendability. Graphene is extensively used in solar cells, transistors, and as a transparent conductive electrode. Thus, the increasing adoption of graphene in electronic components and semiconductors is expected to soar the demand for high-purity methane gas. In addition to this, growth in the installed capacity of semiconductors and integrated circuits, coupled with advancements in cutting-edge technologies, are predicted to unlock promising revenue-generating opportunities in the global high-purity methane gas market.

Promising Growth in Automotive Sector Enables North America to Gain Market Lead

North America is set to emerge as the dominant player in the global high-purity methane gas market. In this region, the high rate of industrialisation, increased consumer spending, the presence of leading companies, and advancements in technology are strongly driving the expansion of its high-purity methane gas market. In addition, the growth of the automotive sector, particularly the rising adoption of electric vehicles, is projected to augment the demand for high-purity methane gas in the U.S. and Canada. In the near future, the rising application of high-purity methane gas in the electrical and electronics industry will also influence market expansion.

Major Market Players

Leading players in the high-purity methane gas market include AGT International, Air Liquide S.A., Middlesex Gases Technologies, Axcel Gases, Bhuruka Gases Limited., Advanced Specialty Gases, American Welding Gas, Chengdu Taiyu Industrial Gases Co., Ltd., Cryocarb, Electronic Fluorocarbons, LLC, Gas Innovation, Linde plc, Chemix Gases, Messer Group GmbH, and Osaka Gas Co., Ltd. among others.

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