Global Noble Gas Market - Segmented by Type, Application, End-User Industry and Geography - Trends and Forecasts (2016-2021)
The global noble gas market has been estimated at USD XXX.XX million in 2016 and is projected to reach USD XXX.XX million by 2021, at a CAGR of XX.XX% during the forecast period (2016-2021).
The noble gases are gases like helium, krypton, xenon, neon, argon and radon. Helium and krypton are the two gases heavily used in various purposes. These gases are colorless, odorless, tasteless and non-flammable. These properties make them suitable for industrial purposes. However, the disposal of these gases should be in the remote areas as they cause various health concerns that are very harmful, for humans especially.
The global acceptance of noble gases has been seen in various fields such as oil & gas, chemical, mining, power, energy efficient buildings, surgery, semi-conductors, aerospace, steel and aluminium industries, among others. The global noble gas business is in developing stage, however, is expected to grow slowly over the following years, with an estimated CAGR of XX% in the next few years. The challenging growth in this market is largely due to the evolution of various alternative technologies.
Market Dynamics of the Global Noble Gas Market:
Diversified use in the industries
Increasing demand in the developing economies
Growing needs for energy-efficient solutions
Growing demand in the health and care segments
Low reserves in America
Economic slowdown in America and Europe
Evolution of substitutable technologies
The market for noble gases is spread globally across the continents, with North America and Qatar leading in terms of production share. The consumption focus is now shifting towards Asia-Pacific, where the significant market share is being held by China and Japan.
The market has also been geographically segmented by APAC, North America, Europe, South America and MEA. The industrial growth in the market is significant due to the increasing demand for both consumer and investment goods, especially in the Asia-Pacific region as most of the economies are developing in nature.
The company profile of the various industrial and noble gas companies have been discussed in the study; these include:
Taiyo Nippon Sanso
Key Deliverables in the Study:
Market analysis for the global noble gas market, with region-specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies that can influence this market on a global and regional scale.
Extensively-researched competitive landscape section with profiles of major companies and their market share.
Identification and analysis of the macro and micro factors that affect the global noble gas market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries where the industry is booming to identify the regions that are still untapped.
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