Global Noble Gas Market was valued US$ XXX Mn in 2019 and is projected to reach US$ XXX Mn by 2027 at a CAGR of XX % during the forecast period.
Diversified application in various industries, increasing demand in the developing economies, growing needs for energy-efficient solutions and growing demand in the health and care industry are the major noble gas market. An economic slowdown in America and Europe and the evolution of substitutable technologies are restrained to the global noble gas market. Advancements in technologies will help to bring new recycling techniques into the market, thereby, increasing opportunities for the market. Structural and regulatory restrictions may act as a barrier to the future growth of the specialty gas industry. Also, safety regulations pose a challenge for the growth of the market.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Helium has the largest market share in the global noble gas market, due to its abundant availability in natural air and economical cost. Helium has been effective in a variety of respiratory conditions, including upper airway obstruction, asthma exacerbation, post-extubation strido, etc. Microscopy has opened exciting new possibilities for the use of helium gas in the technologically advanced fields of medicine. Rising demand for neon from the pharmaceutical sector is expected to significantly help in the growth of the noble gas market.
Noble gases find its highest demand in the medical sector due to their relative non-reactivity. Helium is beneficial in respiratory treatments due to its low density, low solubility, and high thermal conductivity. Argon is useful for cryotherapy, in which tissue is exposed to sub-zero temperatures for surgical purposes. Xenon has been demonstrated to be more effective for anesthetic application than previous techniques.
Moreover, Krypton finds use in the field of cardiology in its use of detecting aMnormal heart openings.North America dominated the noble gas market due to the increasing demand for consumer and investment goods, namely in the United States. Noble gas market in North America will witness a healthy growth, on account of the high demand from aerospace and laser applications from the United States and Canada. Presence of large manufacturing industries associated with construction, healthcare, automobiles, and semiconductors is supporting the growth of the noble gases market in the region. Rising health concerns and focus towards the medical sector in developing economies, mainly in the Asia-Pacific region, such as India and China, have witnessed a great demand for such gases.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding noble gas market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on a competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the noble gas market.
Scope of the Global Noble Gas Market
Global Noble Gas Market, by Product:
• Radioactive Radon
Global Noble Gas Market, by Application:
• Picture Projection
• Television Tubes
• Working Fluid
• Chemical Analysis
Global Noble Gas Market, By End-user Industry:
• Oil & Gas
• Health and Care
• Energy Efficient Buildings
Global Noble Gas Market, By Region:
• North America
• South America
• Asia Pacific
• Middle East & Africa
Key Player in Global Noble Gas Market:
• Taiyo Nippon Sanso
• Air Liquide
• Air Products and Chemicals, Inc.
• American Gas
• Ras Gas Company Limited
• BASF SE
• Airgas, Inc.
• Proton Gases
• Gulf Cryo
• Core Gas
• TAIYO NIPPON SANSO
• ITM Power
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