Press release
Noble Gas Market Size is expected to reach USD 62.5 billion, Trends, Growth Prospects, Competitive Landscape, Key Suppliers and Forecast by 2029
Noble Gas Market Overview:Noble gas is a chemically inert gas under normal conditions, and finds its applications across a myriad of industries such as healthcare, aerospace, construction, energy & power, and electronics. It is noncombustible, noncorrosive, nontoxic, colorless, odorless, and has lowest boiling point, hence, it is useful in cryogenic applications such as welding, insulation, lighting, and refrigeration. The above mentioned application and demand are the major factors fostering the growth of the noble gas market.
The global Noble Gas market size was valued at USD 40.34 billion in 2020, and forecast projected to reach USD 62.5 billion by 2029, with global market forecast expected at a CAGR of 5.3% from 2022-2029.
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Noble Gas Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are Air Liquide (France),Air Products, Inc. (U.S.),Linde Group plc (Ireland),Praxair Technology, Inc. (U.S.),Matheson Tri-Gas, Inc. (U.S.),Noble Gas Solutions (U.S.),Cryoin Engineering (Ukraine),BASF (Germany),Messer Group (Germany),Taiyo Nippon Sanso Corpor and Others
Recent Development
06/10/2022- Air Products to Showcase Industrial Gas Solutions at the PowderMet2022 International Conference on Powder Metallurgy and Particulate Materials
Air Products (NYSE: APD) will showcase industrial gas solutions and technologies for metals and materials processing applications at the PowderMet 2022 International Conference on Powder Metallurgy and Particulate Materials from June 12-15 at the Oregon Convention Center in Portland, Oregon.
December 07, 2021- Air Liquide enters a long-term partnership to secure its supply of helium-3
Air Liquide has entered into a long-term agreement with Laurentis Energy Partners, a leader in the clean-energy industry, to produce and distribute helium-3 (3He). This molecule is a rare isotope of helium used in quantum computing, quantum science, astrophysics, neutron detection, medical imaging and, in the future, fusion. Thanks to this new partnership, Air Liquide will be able to deliver large quantities of helium-3 to its customers around the world.
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Noble Gas Market Segmentation:
Nobel Gas Market by Product, 2020-2029, (USD Million, Kilotonnes)
Helium
Neon
Argon
Krypton
Radon
Nobel Gas Market by End User| Type, 2020-2029, (USD Million, Kilotonnes)
Healthcare
Electronics
Aerospace
Construction
Energy & Power
Others
Growth Factors:
Increasing demand from the Noble Gas industries
The growing use of Noble Gas in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Noble Gas Market
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Noble Gas Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Key Noble Gas Market Trends
- The report identifies, determines, and forecasts the Global Noble Gas Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Noble Gas Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Noble Gas Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Noble Gas Market.
FREQUENTLY ASKED QUESTIONS?
Q1. What are the driving factors and opportunities in the Noble Gas Market?
Q2. What are the key growth strategies of Noble Gas Market players?
Q3. Which region will provide more business opportunities for Noble Gas in future?
Q4. Who are the leading global players in the Noble Gas Market?
Q5. Which segment holds the maximum share of the Noble Gas Market?
Q6. Who are the potential customers of Noble Gas industry?
Q7. What current trends will influence the Noble Gas Market in the next few years?
Q8. Which applications are expected to drive the adoption of Noble Gas?
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