About xenon gas
Xenon is naturally available in the atmosphere in trace amounts and is extremely expensive to produce. Xenon is commercially extracted through atmospheric air distillation while some of its compounds are sourced from certain igneous rocks and hot springs. With about eight stable isotopes and more than 40 unstable isotopes, the gas, despite the limited availability and high price, is used for certain exclusive applications some of which are listed as follows:
Technavio Announces the Publication of its Research Report – Global Xenon Gas Market - Market Research Report 2015-2019
Technavio recognizes the following companies as the key players in the Global Xenon Gas Market - Market Research Report: Airgas, Air Liquide, Linde, Messer, Praxair and Iceblick
Other Prominent Vendors in the market are: Air Water, American Gas, BASF, Core, Matheson, Tri-gas, and Proton Gas.
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. Distribution of noble gases through this route is a cost-intensive process as transportation of these heavy cylinders incurs a lot of energy in terms of fuel and packaging.”
According to the report, xenon gas is indispensable in the manufacture of helium-neon lasers that are used in barcode scanners, alignment tools, and photography transmission. These lasers are preferred due to various advantages such as cheaper cost of production, good coherence, and increased safety on account of low power output. Xenon gas lasers are also being used for precise measurements over long distances and also in holography. Growing consumer demand and rise in industrialization are driving the requirement for barcode scanners and laser-operated sensors, which in turn is contributing to the demand for xenon gas.
Further, the report states that, fluctuating energy prices and rising manpower expenses are severely affecting the profit margins of the major vendors in the market.
Airgas, Air Liquide, Linde, Messer, Praxair, Iceblick, Air Water, American Gas, BASF, Core, Matheson, Tri-gas, Proton Gas.