Rare Gas Market Outlook 2029: Presents Market Insights & Depth Analysis

Rare gas market is anticipated to grow at a CAGR of 5.2% during the forecast period. Rare gases such as argon, krypton, neon, xenon, and helium are gaining immense popularity in various end-user applications which include healthcare, manufacturing, electronics, laser, lighting, and others owing to their unique physical and chemical properties. The increasing demand from electronics and automotive industries in emerging countries such as China and India is witnessing rapid economic growth. The healthcare industry is also serving new growth opportunities to the market as rare gases such as helium and oxygen are widely used in to treat various diseases, including emphysema, asthma, and other respiratory diseases. In addition, helium has been extensively used in MRI machines to cool superconductive magnets. It is also used in helium-neon eye surgeries. Moreover, the demand for rare gas is surging owing to increasing healthcare expenditure, rapid technological advancements, and the rising consumption of substantial volumes of specialty gas in therapies. This, in turn, drives the growth of the market.

Apart from these, the rising adoption of rare gases in high-temperature metallurgical procedures is also helping in widening the market growth. Growth in the welding and metallurgical sector is anticipated to spur demand for gases such as argon. In addition, rising investments in R&D for developing noble gas-based devices are expected to fuel market growth.

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Market Coverage

Market number available for - 2022-2030
Base year- 2021
Forecast period- 2023-2030
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others

Rare Gas Market Segmentation

By Gas Type 

Argon
Krypton
Neon
Xenon
Helium

By Supply Mode 

Cylinders
Bulk & Micro Bulk
Drum Tanks
On-Site

By Application

Healthcare
Manufacturing
Electronics
Laser
Lighting
Others

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Regional Analysis

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Company Profiles 

Advanced Specialty Gases, Inc
Air Products and Chemicals, Inc.
American Gas Products
Axcel Gases
Dakota Gasification, Co.
Electronic Fluorocarbonsl, LLC
Iceblick, Ltd.
, Air Water, Inc.
Iwatani Corp.
Matheson Tri-Gas, Inc.
Messer Group GmbH
Nova Gas Technologies, Inc.
Praxair, Inc
Specgas, Inc.
Specialty Chemical Products, Inc.

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