Global Noble Gas Market is segmented by Product (Helium, Krypton, Argon, Neon, Xenon and Radioactive Radon), Application (Picture Projection, Anesthetic, Welding, Insulation, Lighting, Television Tubes, Advertising, Refrigerant, Working Fluid and Chemical Analysis), End-Use Industry Industry (Oil & Gas, Mining, Health and Care, Aerospace, Energy Efficient Buildings and Power) and Region (North America, South America, Asia Pacific, Europe and Middle East & Africa) 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 major drivers of the noble gas market. An economic slowdown in America and Europe and 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 speciality gas industry. Also, safety regulations pose a challenge for the growth of the market.
Noble gases find its highest demand in the medical sector.
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 anaesthetic application than previous techniques. Moreover, Krypton finds use in the field of cardiology in its use of detecting aMnormal heart openings.
Helium has the largest market share in the global noble gas market.
Helium has been effective in a variety of respiratory conditions, including upper airway obstruction, asthma exacerbation, post-extubation strido, etc. Helium in medical practice includes gas chromatography, where helium is the commonest mobile phase gas in use and also in targeted alpha particle therapy, whereby Helium ions can be used as a form of radiotherapy, to destroy some small volume tumours. Helium Heliox therapy, magnetic resonance imaging, lung function testing, laparoscopy and plasma Product
North America dominated the noble gas market.
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.
This report includes a study of marketing and development strategies, along with the portfolios of leading companies. It includes the profiles of leading manufacturers such as Taiyo Nippon Sanso, Linde, Air Liquide, Air Products and Chemicals, Inc., American Gas, Messer, Ras Gas Company Limited, BASF, Anesthetic, Refrigerant, Praxair, Lighting, Airgas, Inc., Proton Gas, Advertising, Welding, Insulation, Television Tubes, Coolant, Gulf Cryo, Picture Projection, Core Gas, Chemical Analysis, Buzwair, Working Fluid, Gazprom and Proton Gases.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the global noble gas market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making the informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global noble gas market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market of our clients and at the same time explain global noble gas market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Noble Gas Market”.
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