The Dielectric Gases Market size is estimated to reach US$176.1 million by 2027, after growing at a CAGR of 6.8% during the forecast period 2022-2027. The use of Dielectric Gases in Transportation has increased significantly. A dielectric gas is also known as an insulating gas. It is a dielectric material in the gaseous state that can prevent electrical discharge. The primary raw materials used in the production of dielectric gases are fluoroketone, fluoronitrile, nitrogen, sulfur hexafluoride, carbon dioxide, and hydrogen sulfide. The expansion of gas-powered transmission grids has been made possible by the rise in the use of high-speed trains and other forms of high-energy transportation, which is propelling the market for dielectric gas in the transportation sector. According to the Federal Aviation Administration (FAA), the total commercial aircraft fleet is expected to grow from 7,397 in 2018 to 8,270 by 2037. 

Dielectric Gases Market: Leading Segment in Transportation Market

On the basis of the end-use industry, the Dielectric Gases market can be segmented into transportation, electrical & electronics, heavy industries and others. During the forecast period 2022-2027, the automotive segment is expected to grow with a CAGR of 7.3%. The demand for dielectric gases is expected to increase due to the increase in automotive production around the world. This is expected to spur the growth of the dielectric gas industry in the transportation sector over the course of the forecast period. According to Japan International Cooperation Agency (JICA), JICA signed a loan agreement with the Government of India to provide an ODA loan of 100,000 million Japanese Yen (approximately Rs 6,000 crore) as Tranche 3 for the Mumbai-Ahmedabad Expressway.

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Dielectric Gases Market: Leading Region in Asia-Pacific

On the basis of geography, the Dielectric Gases market can be segmented into North America, South America, Europe, APAC, and ROW. According to IndustryARC’s analysis, Asia-Pacific has emerged as the most profitable region in the market. In 2022, the Asia-Pacific region held a 39.8% share of the total revenue earned by the market globally. Asia-Pacific countries including the India and China are ahead comparatively in terms of consuming transportation products. The transportation sector in Asia-Pacific is rapidly growing due to a flourishing base for automotive manufacturers, demand for automotive compounds and production rise. According to International Trade Administration, China remains the world's largest vehicle market in terms of both annual sales and manufacturing output, with domestic output expected to reach 35 million vehicles by 2025. According to India Brand Equity Foundation, by 2030, the Indian aerospace and defense (A&D) market is expected to reach US$ 70 billion.

The Dielectric Gases market will also gain demand from the North American region. The U.S. and Canada are emerging as competitive countries in the Dielectric Gases market.

Dielectric Gases Market: Competitive Landscape

Key companies holding major shares in the Dielectric Gases market are 3M Company, Solvay S.A., The Linde Group, Messer Group, Showa Denko K.K., KPL International Matheson Tri-Gas, Kanto Denka Kogyo, Chengdu Taiyu Industrial Gases, General Electric

R&D Investments

In May 2022, Elsewedy Electric introduced Africa's first busway dielectric system facility. The system ensures high preventive security standards for large-built structures through short circuits, load distribution and a low magnetic field.

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About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.