The global demand for Rare Gases Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2021 - 2027. Regarding volume, the market was calculated XX Kilo Tons in 2020 and forecast to touch XX Kilo Tons by 2028 with a CAGR of XX% during 2021-2027.
Rare gases, inert gases, or noble gases are a group of elements in the rightmost column of the periodic table. The outermost shells of these elements are fully filled with electrons. Helium, neon, argon, krypton, xenon, and radon are rare gases. These six gaseous elements are found in small amounts in the atmosphere. Rare gases are very stable, have high ionization energy, the ability to produce bright light, and very heavy and dense gases. Thus, it makes them very useful as ion beam sources to clean, cut, or weld materials. It can be used in a laser or a light source and in propulsion engines or window insulation. Rare gases are available in a variety of purities and concentrations.
Demand for rare gases is proliferating from numerous industries, ranging from electronics and glass fibre through lighting to automotive and aerospace. These industries are increasingly harnessing the benefits of rare gases. Rapid urbanization, booming construction, growing lighting & laser applications, and increasing energy prices are fuelling the growth of the rare gases market. Growing requirements for energy-efficient solutions and advancements in gas capturing technology are also estimated to boost the global rare gases market. Companies operating in the rare gases market implement different strategies such as expansions, agreements, contracts, joint ventures, and partnerships to grab more significant opportunities and gain a larger share in the market. However, high price tags are limiting the growth of the global rare gas market.
The 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 rare gases. The growth and trends of Rare Gases Industry provide a holistic approach to this study.
This section of the rare gases market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By End Use
- Manufacturing & Construction
- Automotive and Transportation Equipment
- Health care
This section covers the regional outlook, which accentuates current and future demand for the Rare 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.
Global Rare Gases Market Share by Region (Representative Graph)
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 rare gases market include Airgas Inc., Praxair Inc., Air Liquide S.A., Iwatani Corporation, The Linde Group, Matheson Tri-Gas Inc., Air Products and Chemicals Inc., Advanced Specialty Gases Inc., Messer Group GmbH, and Iceblick Ltd. 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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