Global Noble Gas Market is valued approximately USD 7.53 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 7.6 % over the forecast period 2021-2027. Noble gases have a dormant nature wherein they don’t respond with different components in this manner expanding their interest in applications where responses, for example, oxidation are unfortunate. . Growing demand for noble gases across various industries and the increasing requirement for energy-efficient solutions are factors driving the market growth. For instance, as per the Journal, The helium portion represented the biggest market income portion of more than 20% in 2019 inferable from its non-ignitable, non-destructive, non-harmful, vapid, and scentless nature. Helium has the most reduced edge of boiling over of any gas that makes it appropriate for cryogenic applications remembering superconductivity for atomic attractive reverberation, attractive reverberation imaging, molecule physical science, and others. However, development of substitutes may impede the growth of the market over the forecast period of 2021-2027. Also, industry participants are setting up additional noble gas manufacturing facilities in order to increase the capacity production of noble gases which is likely to propel the market growth during the forecast period.
The regional analysis of worldwide Noble Gas market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia pacific is the leading region across the world in terms of market share due to the availability of low-cost factors of production. Booming medical services industry across creating economies, such as, India is relied upon to additional lift the market development. Asia Pacific economies witness a flood in modern, development, and assembling exercises, accordingly straightforwardly impacting the rising interest for respectable gases across these end-client ventures which would create lucrative growth prospects for the Noble Gas market across Asia-Pacific region.
Major market player included in this report are:
Royal Dutch Shell Plc,
Taiyo Nippon Sanso,
Praxair Technology, Inc.
Air Products and Chemicals
Matheson Tri-Gas, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By End User:
Energy & Power .
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027
Target Audience of the Global Noble Gas Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers