Global Noble Gas Market Overview:
Noble gases are the most stable chemical element due to having a maximum number of valence electrons in their outer shell. The gases have found usage in wide applications such as the medical sector, automotive, electronics, construction and others. Increasing health concerns and rapidly growing medical sector in emerging countries, mainly in Asia Pacific regions have anticipated a huge demand for Nobel gas in the upcoming years.
As per latest study released by AMA Research, the Global Noble Gas market is expected to see growth rate of 5.2%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increased Demand For Photovoltaic Products And Plasma Display Panels
Market Growth Drivers:
Growing Demand for Nobel gas in Energy-Efficient Lighting Systems and in Window-Insulation, Increasing Demand from Healthcare Industry and Rising in End-Use Industry Growth and Surge in Need in New Applications
Challenges:
Structural and Regulatory Restrictions
Restraints:
Safety Regulations Might Pose a Restraint for the Growth of the Market
Opportunities:
Expected High Demand Growth In Asia’s Healthcare Industry and Development Of New Environmental Friendly Technologies And Products
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Air Liquide S.A. (France), The Linde Group (German), Praxair, Inc. (United States), ITM Power (United Kingdom), BASF SE (Germany), Taiyo Nippon Sanso (Japan), Air Products and Chemicals, Inc. (United States), Messer Group (Germany), Proton Gases Private Limited (India), AIR WATER INC. (Japan) and Universal Industrial Gases, Inc. (United States). Additionally, following companies can also be profiled that are part of our coverage like Noble Gas Solutions (United States), Noble Energy, Inc. (United States) and Matheson Tri-Gas, Inc. (United States). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Noble Gas market by 2030. Considering Market by Purity Level, the sub-segment i.e. 99.99% will boost the Noble Gas market.
Latest Market Insights:
In June 2023, Air Products and Chemicals Inc. and InnoGas joined forces to develop new noble gas extraction and production methods. InnoGas' technology extracts and purifies noble gases from the environment at a lower cost than existing approaches. InnoGas' technology with Air Products' gas production and distribution skills will produce a more affordable and sustainable noble gas supply chain.
In September 2020, Air Liquide announced a USD 63 million investment in China's Lingang Economic District of the Tianjin Port Free Trade Zone. The new ASU is planned to be operational by 2022 and will create more than 2,000 tonnes of a mixture of oxygen, nitrogen, and argon gases. Moreover, in December 2020, Messer Group said in a statement the installation of a new air separation unit in Adel, Georgia, with an expenditure of more than USD 40 million. The new plant is anticipated to deliver industrial gases to customers in the healthcare, metal, and welding industries in the Southeast United States.
What Can be Explored with the Noble Gas Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Noble Gas Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Noble Gas
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Noble Gas market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Noble Gas market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Noble Gas Producers, Suppliers/Distributors, Potential Investors, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.