Rare gases are also known as noble gases. They are odorless and colorless monatomic gases with low chemical reactivity. The noble gases that occur naturally are helium (He), neon (Ne), argon (Ar), krypton (Kr), xenon (Xe), and the radioactive radon (Rn). The noble gases are the members of the group 18 of the periodic table. They are typically unreactive except when under extreme conditions. The inertness of noble gases makes them suitable for several applications.
Market Analysis and Insights: Global Rare Gas Market
Due to the COVID-19 pandemic, the global Rare Gas market size is estimated to be worth US$ 443.6 million in 2022 and is forecast to a readjusted size of US$ 659.4 million by 2028 with a CAGR of 6.8% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Neon accounting for % of the Rare Gas global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Manufacturing & Construction segment is altered to an % CAGR throughout this forecast period.
The market for xenon is projected to witness the highest growth between 2018 and 2023. In the end use segment, electronic application for rare gases are projected to grow at the highest rate.
Global Rare Gas Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Rare Gas Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Neon
Krypton
Xenon
Helium
Argon
Others
Segment by Application
Manufacturing & Construction
Electronics
Automotive and Transportation Equipment
Health care
By Company
Air Liquide
Air Products and Chemicals
Messer Group
Praxair Technology
The Linde Group
Advanced Specialty Gases
Bhuruka Gases
Iceblick
Iwatani
Universal Industrial Gases (UIG)
Matheson Tri-Gas
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina