Huatai Securities has highlighted that electronic gases serve as a critical raw material in chip manufacturing, with their costs ranking second only to those of silicon wafers. As chip technology progresses towards novel memory types, advanced manufacturing processes, and packaging innovations, TECHCET forecasts that the global market for electronic gases will expand by 8% year-on-year, reaching USD 6.8 billion by 2026. Huatai Securities anticipates that, with the ongoing expansion of storage and wafer fabrication facilities in China, coupled with supply constraints on gases like helium—stemming from geopolitical tensions in the Middle East and other regions—the electronic gas industry in China is poised for accelerated growth in 2026. In 2024, Chinese-listed companies already secured a 40% share of the domestic electronic gas market. Given the rising demand for self-sufficiency and the momentum generated by anti-dumping measures and other such initiatives, the localization rate is projected to climb further, thereby benefiting China's leading electronic gas enterprises.