Global Rare Gases Market: Overview
Rare gases are also known as noble gases. They are a bunch of elements with alike characteristics. They are colorless, odorless, monatomic gases with very less reactivity to chemicals. The six noble gases that occur naturally are neon, helium, krypton, argon, the radioactive radon, and xenon. Oganesson is said to be a rare gas as well.
Global Rare Gases Market: Growth Factors
The global rare gases market is likely to have a huge growth in coming future. New energy-efficient codes are the main reason that has driven the growth of the global market. In addition to this, increasing oil prices are also boosting the growth of the global market. Additionally, affordable cost of labor is also driving the growth of the global market. Furthermore, high demand from the industry is also powering the growth of the global rare gases market. Huge job opportunities are also one of the main reasons that are towering the global market. In addition to this, demand for greener building structures is also lowering the growth of the global market. Besides, increasing electronics industry is also driving the growth of the global market. Furthermore, high government mandates are also powering the growth of the global rare gases market.
On the other hand, high cost for transportations is the main reason hampering the growth of global rare gases market. Besides, the high cost of ownership for the processing of rare gases is one of the reasons that are decreasing the growth of the global market. Moreover, high cost for raw material is also one of the significant reasons that are restraining the growth of the global market.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Global Rare Gases Market: Segmentation
Based on the type, the global rare gases market is mainly classified as krypton, neon, xenon, and others.
On the basis of end use, the global market is divided into electronics, manufacturing & construction, health care, automotive and transportation equipment, and others.
Based on the functions, the global rare gases market is mainly classified as insulation, illumination, anesthesia, scanning, satellites, semiconductors, and others.
On the basis of transportation mode, the global market is divided into tonnage distribution, cylinders & liquid containers, bulk and micro bulk delivery, and others.
Global Rare Gases Market: Regional Analysis
The global market for rare gases is geographically segmented into Latin America, North America, the Middle East and Africa, and Asia Pacific. New energy-efficient codes and increasing oil prices are boosting the global market in the U.S. and Canada. Demand for greener building is towering the global market in countries such as India and China. The Rest of the World will witness a moderate growth in the global market in the coming future.
Global Rare Gases Market: Competitive Players
Key players in the global rare gases market are Noble Gas Solutions, Proton Gases, Noble Energy Inc., The Linde Group, Praxair Inc Air, Airgas Inc., Ellenbarrie Industrial Gases Ltd., and Liquide S.A.
Global Rare Gases Market: Regional Segment Analysis
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