Europe High Purity Methane Gas Market

Europe High Purity Methane Gas Market Size (2024-2029):

The Europe High Purity Methane Gas Market is estimated to be USD 2.67 billion in 2024 and is projected to reach USD 3.35 billion by 2029, at a CAGR of 4.59% from 2024 to 2029.

MARKET SCENARIO

A method for producing high-purity methane gas involves first subjecting a gas mixture mainly made up of methane, hydrogen, carbon monoxide, carbon dioxide, and steam to a first mechanization reaction step in the presence of a nickel catalyst filled in the reaction zone to mechanize the carbon oxides present there partially. The gas mixture from the first step is then subjected to a carbon dioxide-absorption step to remove excess carbon dioxide. High-purity methane gas with purity levels above 99.999 is frequently delivered in considerable quantities. Purities of other common materials, whether in liquid or solid form, are often substantially less than 99.9%. Methane is lighter than air due to its specific gravity of 0.55. It hardly dissolves at all in water. It quickly burns in the presence of air, releasing carbon dioxide and water vapor; the flame is fierce, pale, and slightly luminous. In coal mines and collieries, explosions of such mixes have been common and have contributed to numerous mining disasters. Over the past two centuries, the amount of methane in the atmosphere has more than doubled, primarily due to human-related activities. Achieving major reductions in methane would swiftly and dramatically lower the potential for atmospheric warming because it is a strong greenhouse gas and has a shorter lifetime than carbon dioxide. 

MARKET DRIVERS AND RESTRAINTS

High-purity methane gas is extensively utilized in creating electronic gadgets and semiconductors. Thanks to technological developments, high-purity methane gas is being used in the production of amorphous silicon solar cells, carbide tools, and integrated circuits. Purified methane gas is used to create graphene, which is then utilized to make the transistors and microchips necessary for electrical gadgets. Increasing demand for smart storage, decentralized networks, intelligent automation, and rising disposable incomes in developing countries that are developing quickly are a few of the major market developments. The automotive industry also makes use of high-purity methane gas.

Additionally, the high-purity methane gas market will expand due to these goods' low cost, higher efficiency, and low striking voltage. On the other hand, the high cost and environmental concerns related to high-purity methane gas could restrain the market's expansion. Blending technology, laboratory analysis, and statistical quality control are required to create high-purity gases. As a result, they are more expensive than industrial gases since their manufacturing entails a number of intricate processes. The demand is anticipated to decline due to the high cost of these gases, limiting the potential for expansion. Manufacturers in the high-purity methane gas market are working to improve a few things in hopes of bringing down the gas price.

The amount of time that different greenhouse gases spend in the atmosphere and their capacity to absorb energy are the two fundamental factors that influence how they affect the climate. Methane has a far shorter atmospheric life than carbon dioxide, but it is much more dangerous due to its greater capacity as an insulator and energy absorber. The rise of the semiconductor and electronics industry has been boosted, particularly in emerging nations, by the rapid development of consumer electronics, mobile devices, automation, and smart technologies. More high-purity methane utilization is anticipated to open up new growth prospects for monocrystal and nanoparticle diamonds. The manufacture of hydrogen from high-purity methane for clean fuel in the transportation sector has accelerated the sector's growth.

The chemical is made from natural gas and heated through partial oxidation and steam-methane reformation to produce hydrogen. Hydrogen and oxygen are combined in fuel-cell electric vehicles to generate electricity to run their electric motors. The need for high-purity methane in the automotive and transportation industries is rising due to the growing need to minimize carbon emissions, the depletion of fossil fuels, and the introduction of strict regulatory rules on vehicle emissions. The introduction of cutting-edge automobiles to the market and low maintenance costs contribute to this industry's expansion.

On such high-pressure, unregulated lines, there have been a number of terrible accidents that have resulted in harm, deaths, and significant greenhouse gas emissions. A single high-pressure gas pipeline rupture has the potential to emit more than 1,300 metric tons of methane into the environment. Due to the inherent risks, governments have developed a number of regulations regarding the storage and transportation of methane gas. High Purity Methane Gas market limitations over the projection period, however, include adherence to strict laws and disparate standards around the world, escalating competition, inflation anticipated to remain above the top band during the short term in important nations, and fluctuating raw material prices.

REPORT COVERAGE

Market Segmentation:

Europe High Purity Methane Gas Market Analysis By Application

• Chemical SynthesisHeat Detection
• R&D Laboratory
• Transistors and Sensors
• Power Electronic

During the forecast period, the chemical manufacturing segment is anticipated to expand. The expansion of this market is primarily driven by the expanding usage of high-purity methane in the production of chemicals, including acetylene, hydrogen, and methanol. The demand for high-purity methane from chemical manufacture has increased due to growing industrialization, technical improvements, and research & development. Being a naturally occurring gas, methane is economical. Due to its ability to transform into syngas, methane gas is currently signed in chemical synthesis. Scientists have been inspired in recent years by the potential to produce compounds from the methane that already exists in moderate environments for chemical synthesis with minimal energy consumption and climate remediation. It serves as the primary component of natural gas. Methane from landfills can be extracted and burned to create electricity, heat structures, or power garbage trucks.

Europe High Purity Methane Gas Market Analysis By End-User

• Automotive
• Chemical
• Oil and Gas
• Medical
• Electronics

Methane gas with a high purity level is commonly used in electrical and electronic sectors. Due to its low cost, great efficiency, and low striking voltage, high-purity methane gas is employed in fluorescent tubes in this business for illumination purposes. Electricity can be produced from methane gas for use in homes, businesses, and other facilities. Methane included in natural gas can be used to generate power through a method known as distributed generation. Enough electrical energy can be generated by fuel cells powered by natural gas and microturbines (heat engines). It is crucial for a number of different sectors. It is a typical component of cloth, plastic, antifreeze, and fertilizer. In factories, methane gas is utilized to run or power turbines and engines. The energy it releases is used by sectors like pulp and paper, food processing, oil refineries, and businesses that work with stone, clay, and glass. Businesses may dry, dehumidify, melt, and sanitize their items using methane-based combustion. It also serves as a source of energy for lights.

Geographical Analysis

• Germany
• UK
• France
• Italy
• Spain
• Others

Germany has grown as a result of a number of causes, including a high rate of industrialization, rising consumer spending, the presence of major companies, and technical breakthroughs. The market for high-purity methane gas is expanding in the area as a result of rising automotive penetration, rising vehicle modernization, and attempts to encourage the use of electric vehicles. The growth in this region is also fueled by expanding applications in the electrical and electronics industries. Overall, Germany and UK are anticipated to evidence the greatest CAGR in Europe during the forecast period.

Market Key Players

1. Messer Group GmbH
2. Advanced Specialty Gases
3. Linde Plc
4. Cryocarb
5. Matheson Tri-Gas, Inc.,
6. AGT International
7. Osaka Gas Co., Ltd.,
8. Sumitomo Seika Chemicals Company, Ltd.,
9. Bhuruka Gases Limited