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Published Date: 2014-06-26Number of Pages: 79

Noble Gases Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast- 2013 - 2019

Global Noble Gases Market: Snapshot

The increasing demand for energy efficient lighting solutions is one of the chief reasons for the growth of the global noble gases market. The upcoming energy efficient building codes are creating a heightened demand for insulated windows, which is also expected to drive the growth of the market. The growing health concerns are also pushing the demand for noble gases. The proliferation of newer technologies will create growth opportunities in the market in the years to come. The market is challenged by the use of alternate gases such as hydrogen and nitrogen.

Demand from Window Insulation Applications and Energy-efficient Lighting Systems To Drive Market’s Growth

The growing applications of noble gases in niche markets such as laser technologies, window insulations, electronics, semiconductor industries, and energy efficient lighting industries will ensure a continued demand for these gases in the years to come. Noble gases allow changes per application, making them preferred over other gases. These gases are gaining traction particularly from window insulation applications and energy efficient lighting systems. As noble gases do not react with other elements and are inert, they are heavily demanded in applications where oxidation or any other reactions are not desired. These gases do not react to heat, which makes them ideal for bulbs and tubes. All these factors are helping the market for noble gases to grow. Various noble gas manufacturing plants are expected to be set up in the coming years to meet the requirement for these gases. This in turn will boost the growth of the market.

Precision Treatment and Laser Treatments Driving Demand for Noble Gases

One of the factors influencing the price of noble gas is the price of conventional gases. If hydrogen and nitrogen prices increase, it results in the decline of noble gas, thus offering much incentive to players in the market as well as leading to more consumption. The demand for these gases is also high from aerospace applications. The demand for precision treatment and less pain for patients have led to high demand for laser based treatment, boosting the demand for noble gas lasers, which in turn is driving the growth of the noble gases market.

Asia Pacific to Emerge as Most Attractive Regional Market for Noble Gases

It is estimated that the noble gases markets in Europe and North America will witness healthy growth on account of the high demand from aerospace and laser applications. Asia Pacific is an attractive market for noble gases on account of the growing demand from energy efficiency applications and the steadily growing aerospace industry. The presence of large manufacturing industries associated with construction, mining, automobiles, and semiconductors is expected to be a big factor which will support the growth of the noble gases market in Asia Pacific. The region is a major semiconductor powerhouse with countries such as China, Japan, Taiwan, and South Korea as major suppliers of electronics and semiconductors.

Noble gases form a minor component of the earth’s atmosphere. Argon is the most abundantly available noble gas in the atmosphere, followed by helium and neon. Gases such as krypton and xenon are available in minute quantities, amounting to barely 0.00011% of air. Akin to oxygen and nitrogen, the noble gases are generally obtained through separation of air in Air Separation Units (ASUs) through methods such as liquefaction of gases and fractional distillation. Helium is generally trapped with natural gas with concentration of up to 7% in terms of volume. The gas is then extracted commercially using low temperature separation processes such as fractional distillation. Argon, xenon, neon and krypton are also obtained from the air through cryogenic separation and purification processes. Major air separation plants are the primary sources of noble gases in the market. Capacity addition of such plants and R&D for newer separation technologies is being undertaken in order to deal with increasing demand for noble gases.
This research study analyzes the market size of Noble Gases globally in terms of volume. The noble gases market has been segmented on the basis of product segment and geography, in order to provide a holistic picture of the market. Market data for all segments has been provided on a regional level for the period 2013 to 2019. A comprehensive competitive landscape including company market share analysis has also been provided in this report. Key product segments estimated in this study include Helium, Neon, Krypton, Xenon and Argon. The report analyzes the production in million liters of each product segment and estimations are done accordingly. Regional data have been provided for North America, Europe, Asia Pacific, and Rest of the World (RoW). 
This report also includes Porter’s five forces model analysis, value chain analysis, and market attractiveness analysis by end users. The noble gas value chain includes manufacturing of gas, transmission systems, distribution pipelines and end users. Value chain for noble gas covers all the stages of manufacturing of rare gases including end user applications. Some of the key market participants that manufacture noble gases include Airgas Inc., Praxair Inc., Air Liquide S.A., The Linde Group, Proton Gases, and Ellenbarrie Industrial Gases Ltd. The report provides an overview of these companies followed by their financial revenue, business strategies, and recent developments. 
The prices of noble gases are volatile in nature and change depending upon the application and the type of end use market. Demand for noble gases including helium is likely to outstrip supply owing to its wide applications in several industries. Helium is one of the noble gases that has retained a substantial market share for the past couple of decades. Inception of alternative gases the popularity of helium has reduced however abundant availability and low economical price of helium has kept its market prospects upbeat over the past decades. Rare gases namely argon, krypton, neon and xenon are likely to witness a growing demand owing to their specific applications in niche markets. Argon is being used in thermal insulation windows, metal production and for welding purposes in automotive & aerospace industries. Gases such as xenon, krypton and neon are used in a wide range of applications in energy-efficient lighting solutions, window insulations, and laser technologies and in electronics and semiconductor industries. They are also used in anesthetic and aerospace industries for ion thrust propulsion. This coupled with increasing demand for specialty gases globally make the noble gases market ready to give stiff competition to other gas markets.
The prices of overall noble gases are decreasing primarily of alternate gases namely hydrogen and nitrogen, leading to a slight squeeze in profit margins. The study presents a comprehensive assessment of the stakeholder strategies, winning imperatives for them by segmenting the noble gases market as below:
  • Noble Gases Market: Product Segment Analysis
    • Helium
    • Xenon
    • Neon
    • Krypton
    • Argon
  • Noble Gases Market: Regional Analysis
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World (RoW)

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