Global Noble Gases Market 2015-2019
About noble gases
Noble gases, also known as inert gases or aerogens, are a group of elements that exhibit chemical inertness on account of their unique atomic structure. Most of these gases are highly unreactive, as a result of which they are widely used in non-reactive applications. There are six naturally occurring noble gases; Helium, Neon, Argon, Krypton, Xenon and Radon. These gases are primarily obtained from atmospheric distillation of air, with some of them also being sourced from natural gas and rock sediments. These gases are marketed and distributed in either tonnage, merchant, or packaged forms.
Technavio's analysts forecast the global noble gases market to grow at a CAGR of 4.55% in terms of revenue over the period 2014-2019.
Covered in this report
Technavio’s report, Global Noble Gases Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report includes a comprehensive discussion on the market, and an extensive coverage on various noble gases, their extensive applications, distribution modes, and demand-supply dynamics in various geographies. The report provides comments on both the existing market landscape and its growth prospects over the forecast period. The report further includes a discussion on the key vendors operating in this market.The report also segments the market based on the following:
Technavio Announces the Publication of its Research Report – Global Noble gases Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Noble gases Market: Praxair, Air Liquide, Air Gas, Messer and Linde
Other Prominent Vendors in the market are: Air Water, Air Products, American Gas, BASF, Buzwair, Core Gas, Gazprom, Gulf Cryo, Iwatani, Proton Gas, Ras Gas, and Taiyo Nippon Sanso.
Commenting on the report, an analyst from Technavio’s team said: “Most noble gases are packaged into cylinders at pressures of up to 300 bar and are supplied to end-consumers in volume variants of 1-50 liters. These cylinders are made of high-strength steel and aluminum to withstand high pressures, avoid leakages, and ensure maximum safety throughout storage and safety. Distribution of noble gases through this route is a cost-intensive process as transportation of these heavy cylinders incurs a large amount of energy in terms of fuel and packaging.”
According to the report, the industrial growth is driven by rising demand for investment goods, intermediate goods, and consumer goods, particularly in the high-growth economies of China, India, Brazil, South Africa, and Indonesia. Also, the developed economies of the EU and the US are recovering from the slowdown in production driven by a federal stimulus and rising consumer confidence.
Further, the report states that rapid evolution of substitutable technologies is severely challenging the prospects of usage of noble gases in several applications, limiting the growth of the market.
Praxair, Air Liquide, Air Gas, Messer, Linde, Air Water, Air Products, American Gas, BASF, Buzwair, Core Gas, Gazprom, Gulf Cryo, Iwatani, Proton Gas, Ras Gas, Taiyo Nippon Sanso.