Global Rare Gases Market Analysis Revealing Key Drivers & Growth Trends through 2022

This industry research report identifies Air Liquide, Air Products and Chemicals, Messer Group, Praxair Technology, and The Linde Group as the key vendors in the “global rare gases market”. This industry research report also presents a competitive analysis of the market by types (neon, krypton, and xenon), by end user (electronics, construction, healthcare, and automobile and aerospace), by transport mode (cylinders and liquid containers, bulk and micro bulk delivery, and tonnage distribution), and by geography (the Americas, APAC, and EMEA).

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Overview of the global rare gases market

Market research analysts at Market Research Hub predict that the global rare gases market will grow steadily at a CAGR of close to 8% by 2021. Rare gases such as xenon are used in major medical and healthcare applications such as hyperpolarized magnetic resonance imaging (HPMRI) and xenon-enhanced computed tomography. Additionally, Xenon is replacing nitrous oxide as an anaesthetic because it does not intoxicate patients and reduces the possibility for nausea. It has been observed that xenon can also protect cardiovascular and neurological systems from overstimulation and oxygen deprivation during bypass surgeries. This will increase the demand for rare gases in healthcare applications which will be one of the major factors that will have a positive impact on the growth of the rare gases market.

One of the latest trends that will gain traction in the rare gases market in the coming years is the use of neon as a cryogenic refrigerant. Neon is regarded as a better option than helium as it does not react with other elements and liquid neon can be used as a cryogenic refrigerant because of its ability to condense to a liquid at temperatures less than 27K. Furthermore, Neon can also be used in cryogenerators which maintain low-temperature and are used in Navy to cool the power ships used in war.

Competitive landscape and key vendors

The rare gases market appears to be highly fragmented due to the presence of several vendors. The competition in the rare gases market is expected to intensify further with the increase in product extensions and innovations in technology. Vendors in this market compete based on factors such as innovation, price, operational cost, and product quality. To survive in this competitive market, the vendors also need to have a better understanding of the customers and maintain strong customer relationships.

The leading vendors in the market are -

Air Liquide
Air Products and Chemicals
Messer Group
Praxair Technology
The Linde Group
The other prominent vendors in the market include Advanced Specialty Gases, Bhuruka Gases, Iceblick, Iwatani, Universal Industrial Gases (UIG), and Matheson Tri-Gas.

Segmentation by types and analysis of the rare gases market

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Neon
Krypton
Xenon
During 2016, the neon segment accounted for the major shares and dominated this market. Neon is used in high-voltage indicators, vacuum tubes, television tubes, wave meter tubes, lightning arrestors, and helium-neon lasers as it produces a bright reddish-orange light. Its high usage in electronics and semiconductors applications will be a major factor contributing to the growth of this market segment in the coming years.

Geographical segmentation and analysis of the rare gases market

Americas
APAC
EMEA
This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market by 2021. Owing to the growth in population, there is an increase in the use of rare gases due to its high usage in construction, electronics, and automobile industries. Additionally, increase in innovations and the development of technology for several end-user applications, will also fuel the growth of the rare gases market in this region.

Key questions answered in the report include

What will the market size and the growth rate be in 2021?
What are the key factors driving the global rare gases market?
What are the key market trends impacting the growth of the global rare gases market?
What are the challenges to market growth?
Who are the key vendors in the global rare gases market?
What are the market opportunities and threats faced by the vendors in the global rare gases market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global rare gases market?
Market Research Hub also offers customization on reports based on specific client requirement.

Noble gases, also known as rare gases, are odorless and colorless with low chemical reactivity. The rare gases that occur naturally are helium (He), neon (Ne), argon (Ar), krypton (Kr), xenon (Xe), and the radioactive radon (Rn). This upcoming industry research report by Market Research Hub is an intrinsic part of the chemicals and materials industry and offers insights into niche sectors like industrial gases, paints, coatings, and pigments, and plastics, polymers, and elastomers. To help clients achieve traction over their peers, Market Research Hub offers expansive knowledge on the all leading vendors and their products and services in the chemicals and materials industry.

Market Research Hubs team of market research analysts conduct a triangulated research approach of primary and secondary techniques and also carry out an extensive analysis of the demand-supply shifts in different geographical markets. To help clients devise new policies for growth, our upcoming industry research report on the global rare gases market for the period of 2017 to 2021 reveals deep insights construed from the data gathered from robust sources of market intelligence, such as manufacturers, channel partners, regulatory bodies, and decision makers.

This upcoming report on the global rare gases market also considers the growth of similar markets like helium and neon, which are expected to grow at a CAGR of about 9% and close to 5%, respectively, by the year 2020. According to our industry research analysts, the growing use of gas lasers for medical applications and surgical purposes such as ophthalmic surgeries, dermatology, and cosmetic surgical treatments will affect the growth of the industrial gases industry in the coming few years.

The upcoming industry research report on the global rare gases market showcases the market drivers, emerging market trends, and setbacks faced by the specialty chemicals industry and also presents a complete overview of markets like additives, adhesives, and sealants, glass and ceramics, olefins, and textile, fiber, and composites.

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