Press release
Rare Gas Market Size, Trends, Demand, Analysis and Forecast Report 2023-2030
Rare gases are used as passive preservatives in food goods to prolong their shelf life and stop germs from growing in them. Preservative demand is rising as consumers' preferences for packaged foods are shifting. Applications of rare gases in the food and beverage industry will rise since they are a passive preservative. Global chemical manufacturing facility expansion is being driven by the increasing demand for consumer goods. In the manufacturing sector, rare gases are utilized for vessel inerting and purging.
Sales of rare gas are anticipated to increase in the upcoming years due to the notable expansion of the chemical industry. Moreover, argon is used to provide an inert atmosphere during welding and high-temperature metallurgical processes.
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Rare Gas Market Dynamics
The electronics industry's growing demand, the ongoing increase in oil prices, and the need for energy-efficient alternatives are the main factors propelling the expansion of the worldwide rare gas market. The market for rare gases is anticipated to be driven by the rising need for energy-efficient alternatives. The market for rare gases is anticipated to grow rapidly as more companies look to replace their current processes with more energy-efficient ones.
Over 2.5 quintillion bytes of data are generated daily by almost 3.7 billion people, and this figure is predicted to rise by 60% by 2025 to reach 160 zettabytes annually, creating a strong demand for storage devices. Helium gas has taken the place of air in hard drives.
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Rare Gas Market Segmentation Analysis
By Type
By End User
By Application
By Region
Major Companies Covered
Electronic Fluorocarbons LLC, Praxair Inc., Airgas Inc., Air Liquide S.A., Iwatani Corporation, Linde Group, Matheson Tri-Gas Inc., Air Products and Chemicals Inc., Messer Group GmbH, Advanced Specialty Gases Inc., Iceblick Ltd. and others.
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