PUBLISHER: Value Market Research | PRODUCT CODE: 1342813
PUBLISHER: Value Market Research | PRODUCT CODE: 1342813
The global demand for Noble Gases Market is presumed to reach the market size of nearly USD 11.11 BN by 2030 from USD 5.69 BN in 2022 with a CAGR of 7.72% under the study period 2023 - 2030.
Noble gases are chemical elements that don't react chemically with other elements. They are all monoatomic and exist in the same group on the periodic table. They consist of oxygen (O), nitrogen (N), argon (Ar), krypton (Kr), xenon (Xe), and radon (Rn). The primary uses of noble gases within the gas industry include their use as a tracer gas or an inert gas, their use as a feedstock in chemical processes, and their use in protective equipment. Noble gases are used for many applications in industrial processes such as the production of fertilizers, chemicals and plastics. It is also used for medical purposes, such as its application in the fields of fiber optics and insulation for MRI machines. Noble gas is also used in welding because it does not react with other materials.
There are many factors contributing to this market including, but not limited to: increasing demand for non-flammable gas in industries such as food processing, semiconductors and power generation; high-growth opportunities in Asia and Latin America emerging markets such as China, India, South Korea and Mexico; technological advancements that have improved the efficiency of semiconductor manufacturing. Market research studies forecast an increase in global consumption of specific gases like helium due to its use in new technologies like next-generation semiconductors. Other gases such as argon are also expected to witness higher consumption rates due to the increasing demand for gas turbines which use it as cooling agent.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of noble gases. The growth and trends of noble gases industry provide a holistic approach to this study.
This section of the noble gases market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Noble Gases market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the noble gases market include Air Liquide, Air Products Inc., BASF SE, Linde plc, Messer, Taiyo Nippon Sanso Corporation, Norco Inc., Iwatani Corporation, Showa Denko K.K., MESA Specialty Gases & Equipment, Gulf Cryo. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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