India Rare Gases Market Forecast and Opportunities, 2019
In the periodic table, noble gases can be located at far right column, which includes Helium, Neon, Argon, Krypton, Xenon, and Radon. Out of these six gases, neon, krypton and xenon are known as ‘rare gases’, due to the fact that these gases are not abundant in atmospheric air. All these three gases cumulatively constitute about 0.019% of atmospheric air. Rare gases are produced by fractional distillation of atmospheric air, using an Air Separation Unit (ASU). Production of these gases is feasible in large ASUs, typically with capacity of 2,000 metric tons per day (TPD) of liquid oxygen, in order to recover enough volume of rare gases to justify production cost. This validates the fact that production of rare gases is dependent on demand for oxygen, as higher oxygen production yields higher volumes of rare gases.
According to “India Rare Gases Market Forecast & Opportunities, 2019”, the Indian rare gases market revenues are projected to grow at a CAGR of around 4% during 2014-19. The demand for rare gases is primarily driven by lighting segment, wherein neon, xenon and krypton are used due to their light emitting properties on electrical excitation. Although, lighting industry is a major demand driver for these gases, but demand in this segment is expected to decline due to increasing usage of Light Emitting Diode (LEDs). However, growing medical applications, such as lasers and medical imaging, coupled with application in green buildings is expected to provide the vital support to the rare gases market in the country. The major players in rare gases market in India include K-Air Specialty Gases Pvt. Ltd., Praxair India, Inox Air Products, Linde India, Air Liquide and Bhuruka Gases. “India Rare Gases Market Forecast & Opportunities, 2019” report elaborates following particulars about the rare gases market in India:
India Rare Gases Market Size, Share & Forecast
Segment Analysis – Krypton, Neon and Xenon
Application Market Analysis by Consumption Volume
Changing Market Trends & Emerging Opportunities
Competitive Landscape & Strategic Recommendations
Why You Should Buy This Report?
To gain an in-depth understanding of rare gases market in India
To identify the on-going trends and anticipated growth in the coming years
To help industry consultants, rare gases manufacturers, vendors and dealers to align their market-centric strategies
To obtain research based business decision and add weight to presentations and marketing materials
To gain competitive knowledge of leading players
To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer’s specific needs
The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with rare gas distribution companies. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.
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1. Linde India 2. INOX Air Products 3. Praxair India 4. Air Liquide India 5. K-Air Specialty Gases Pvt. Ltd 6. Bhuruka Gases