A report, titled “Noble Gases Market (Helium, Xenon, Neon, Krypton, and Argon) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,” published by Transparency Market Research, analyzes, estimates, and forecasts the growth prospects of the global noble gases market over the period between 2013 and 2019.
Browse the full Noble Gases Market (Helium, Xenon, Neon, Krypton, and Argon) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 report at https://www.transparencymarketresearch.com/noble-gases.html
The report states that the market will expand at a nominal, yet positive, 1.74% CAGR over the report’s forecast period, rising from a valuation of 179.2 bn liters in 2012 to 202.2 bn liters by 2019.
The market is expected to be driven due to steady demand from application areas such as lighting solutions and insulated windows. The market is, however, expected to face challenges such as fluctuating prices owing to the global economic instability and the rising use of alternate gases such as hydrogen and nitrogen for a number of application areas. Nevertheless, the market can benefit from the proliferation of newer technologies across end-use industries, which is expected to generate new growth opportunities for the market in the near future.
The report segments the global noble gases market on the basis of two criteria: product type and geography.
On the basis of product type, the market has been segmented into helium, neon, argon, krypton, and xenon. Of these, the segment of helium has the lion’s share in the global noble gases market owing to the widespread use of this gas across established applications in several end-use industries. In 2012, helium held a 99.21% share in the global market. Apart from helium, neon and argon also find several applications across many industries.
Geography-wise, the market has been segmented into North America, Asia Pacific, Europe, and Rest of the World. Of these North America led the global market in 2012 by accounting for over 32.09% share in the market. Asia Pacific, the second-largest regional market for noble gases, is expected to emerge as the leading regional market by 2019 owing to rising applications of noble gases in the healthcare and construction industries.
The majority of shares in the Asia Pacific noble gas market were held by Japan and China in 2012; the countries are expected to continue being the largest users of noble gases over the report’s forecast period. The recent economic depression, which withered the construction industry in the developed economies of Europe and North America, has also led to a significant decline in demand for noble gases in these regions.
The report also presents a detailed overview of the competitive scenario of the global noble gases market with the help of detailed business profiles of some of the major vendors in the market, their SWOT analysis, new project feasibility analysis, recent developments, and inputs from industry experts. Some of the major vendors operating in the global noble gases market are Praxiar Inc., Air Liquide S.A., Chemicals Inc., Air Products, Ellenbarrie Industrial Gases Ltd., The Linde Group, Airgas Inc., Universal Industrial Gases Inc., and Proton Gases.
The report has segmented the global noble gases market as below:
Noble Gases Market: Product Segment Analysis
Noble Gases Market: Regional Analysis
- North America
- Asia Pacific
- Rest of the World (RoW)
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