Rare Gas Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027 Segmented By Type (Neon, Krypton and Xenon), By Application (Automotive, Electronics, Consumer Durables, Manufacturing, Construction, Others), By Mode of Transport (Cylinder, Tanker, Tonnage), By Region

  • Industry : Chemicals
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  • Published Date : NA
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Summary

Report Description

Global rare gas market value in the year 2021 was USD340.26 million that is anticipated to grow with an impressive CAGR during the forecast period, 2023-2027, to achieve the market value over USD450 million by 2027F. The demands for rare gases are increasing in the global market due to surging demands for semiconductors. The semiconductors are highly in demand in end use industries like automotive industry and electrical industry. Growing technological advancement and expanding chemical industry is further driving the growth of the global rare gas market in the upcoming five years. Recent war between Russia & Ukraine has drastically affected the rare gas productions and the shift in the industry & supply is further supporting the growth of the global rare gas market in the next five years.

Rare gases also known as noble gases are the group of inert elements that includes helium, argon, neon, krypton, and xenon. The gases have electronically stable configuration and are thus usually non-reactive in their natural forms. The configuration of the electrons makes the atoms neutral. The concentrations of the noble gases are very scarce in the inner solar system thus they are termed as rare gases. Variety of nuclear transmutation processes like decay of natural radionuclides and energetic particle reactions lead to the production of the noble gases or rare gases.

Russian Invasion Over Ukraine Influences Market

Ukraine is the world's largest supplier of noble gases including neon, krypton, and xenon in the world. Ukraine satisfies the growing demand for the noble gases to high extents. The country exports 70% of the world’s neon gas demands along with 40% of the krypton demands rising in the recent year. After the recent war waged on the country by Russia has influenced the market and the growth of the industry. The Russian invasion has drastically affected the global supply chains of Ukraine that satisfies the growing demands for the rare gas. The recent offensive operation in Ukraine have forced two major Ukrainian air-separation firms (Cryoin Engineering Ltd. and Ingas LLC) to shutter their operations in Odesa and Mariupol, halting a significant portion of the world’s noble gas exports.

Moreover, Ukraine supplies 90% of the highly purified, semiconductor-grade neon for chip production. The expansion of electrical industry and growing demands for the semiconductors to produce multiple end use products is also influencing the growth of the rare gas market. With halt in the consistent supplies and shut down of the major suppliers of rage gases, would affect the growth of the market and the electrical and consumer appliance industries too.


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Market Segmentation

The global rare gas market segmentation is based on type, application, mode of transport, regional distribution, and competitive landscape. Based on type, the market is further segmented into neon, krypton, and xenon. By application, the market is fragmented into automotive, electronics, consumer durables, manufacturing, construction, and others. Based on mode of transport, the market bifurcated into cylinder, tanker, and tonnage. The market analysis also studies the regional segmentation, divided among Asia-Pacific region, North American region, European & CIS region, South American region, and Middle East & African region.

Company Profile

Linde Plc., Air Liquide S.A., TAIYO NIPPON SANSO CORPORATION, smart-Gas PTE Ltd., Air Products and Chemicals, Inc., INGAS LLC, Cryoin Engineering Ltd., The Messer Group GmbH, POSCO (Pohang Iron and Steel Company), are enlisted in a partial list of major market players of the global rare gas market.

Attribute

Details

Base Year

2021

Historical Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Type

·         Application

·         Mode of Transport

Regional scope

North America; Europe & CIS; Asia Pacific; South America; Middle East & Africa

Country scope

United States, Mexico, Canada, China, India, Japan, South Korea, Taiwan, Thailand, Malaysia, Germany, France, United Kingdom, Spain, Italy, Russia, Ukraine, South Africa, UAE, Saudi Arabia, Brazil, Colombia.

Key companies profiled

Linde Plc., Air Liquide S.A., TAIYO NIPPON SANSO CORPORATION, smart-Gas PTE Ltd., Air Products and Chemicals, Inc., INGAS LLC, Cryoin Engineering Ltd., The Messer Group GmbH, POSCO (Pohang Iron and Steel Company)

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, global rare gas market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Rare Gas Market, By Type:
    • Neon
    • Krypton
    • Xenon
  • Rare Gas Market, By Application:
    • Automotive
    • Electronics
    • Consumer Durables
    • Manufacturing
    • Construction
    • Others
  • Rare Gas Market, By Mode of Transport:
    • Cylinder
    • Tanker
    • Tonnage
  • Rare Gas Market, By Region:
    • North America
      • United States
      • Mexico
      • Canada
    • Europe
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
      • Russia
      • Ukraine
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Taiwan
      • Thailand
      • Malaysia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
    • South America
      • Brazil
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global rare gas market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Rare Gas Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customer

4.1.  Product Awareness

4.2.  Product Pricing

4.3.  Challenges & Unmet Needs

5.    Impact of COVID-19 on Rare Gas Market 

6.    Global Rare Gas Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Type (Neon, Krypton and Xenon)

6.2.2.     By Application (Automotive, Electronics, Consumer Durables, Manufacturing, Construction, Others)

6.2.3.     By Mode of Transport (Cylinder, Tanker, Tonnage)

6.2.4.     By Company

6.3.  Market Attractiveness Index

7.    Asia-Pacific Rare Gas Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Type

7.2.2.     By Application

7.2.3.     By Country

7.3.  Market Attractiveness Index

7.4.  Asia-Pacific: Country Analysis

7.4.1.     China Rare Gas Market Outlook

7.4.1.1.         Market Size & Forecast

7.4.1.1.1.             By Value & Volume

7.4.1.2.         Market Share & Forecast

7.4.1.2.1.             By Type

7.4.1.2.2.             Application

7.4.2.     India Rare Gas Market Outlook

7.4.2.1.         Market Size & Forecast

7.4.2.1.1.             By Value & Volume

7.4.2.2.         Market Share & Forecast

7.4.2.2.1.             By Type

7.4.2.2.2.             Application

7.4.3.     Japan Rare Gas Market Outlook

7.4.3.1.         Market Size & Forecast

7.4.3.1.1.             By Value & Volume

7.4.3.2.         Market Share & Forecast

7.4.3.2.1.             By Type

7.4.3.2.2.             Application

7.4.4.     South Korea Rare Gas Market Outlook

7.4.4.1.         Market Size & Forecast

7.4.4.1.1.             By Value & Volume

7.4.4.2.         Market Share & Forecast

7.4.4.2.1.             By Type

7.4.4.2.2.             Application

7.4.5.     Taiwan Rare Gas Market Outlook

7.4.5.1.         Market Size & Forecast

7.4.5.1.1.             By Value & Volume

7.4.5.2.         Market Share & Forecast

7.4.5.2.1.             By Type

7.4.5.2.2.             Application

7.4.6.     Thailand Rare Gas Market Outlook

7.4.6.1.         Market Size & Forecast

7.4.6.1.1.             By Value & Volume

7.4.6.2.         Market Share & Forecast

7.4.6.2.1.             By Type

7.4.6.2.2.             Application

7.4.7.     Malaysia Rare Gas Market Outlook

7.4.7.1.         Market Size & Forecast

7.4.7.1.1.             By Value & Volume

7.4.7.2.         Market Share & Forecast

7.4.7.2.1.             By Type

7.4.7.2.2.             Application

8.    Europe & CIS Rare Gas Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Type

8.2.2.     By Application

8.2.3.     By Country

8.3.  Market Attractiveness Index

8.4.  Europe: Country Analysis

8.4.1.     France Rare Gas Market Outlook

8.4.1.1.         Market Size & Forecast

8.4.1.1.1.             By Value & Volume

8.4.1.2.         Market Share & Forecast

8.4.1.2.1.             By Type

8.4.1.2.2.             Application

8.4.2.     Germany Rare Gas Market Outlook

8.4.2.1.         Market Size & Forecast

8.4.2.1.1.             By Value & Volume

8.4.2.2.         Market Share & Forecast

8.4.2.2.1.             By Type

8.4.2.2.2.             Application

8.4.3.     United Kingdom Rare Gas Market Outlook

8.4.3.1.         Market Size & Forecast

8.4.3.1.1.             By Value & Volume

8.4.3.2.         Market Share & Forecast

8.4.3.2.1.             By Type

8.4.3.2.2.             Application

8.4.4.     Italy Rare Gas Market Outlook

8.4.4.1.         Market Size & Forecast

8.4.4.1.1.             By Value & Volume

8.4.4.2.         Market Share & Forecast

8.4.4.2.1.             By Type

8.4.4.2.2.             Application

8.4.5.     Spain Rare Gas Market Outlook

8.4.5.1.         Market Size & Forecast

8.4.5.1.1.             By Value & Volume

8.4.5.2.         Market Share & Forecast

8.4.5.2.1.             By Type

8.4.5.2.2.             Application

8.4.6.     Russia Rare Gas Market Outlook

8.4.6.1.         Market Size & Forecast

8.4.6.1.1.             By Value & Volume

8.4.6.2.         Market Share & Forecast

8.4.6.2.1.             By Type

8.4.6.2.2.             Application

8.4.7.     Ukraine Rare Gas Market Outlook

8.4.7.1.         Market Size & Forecast

8.4.7.1.1.             By Value & Volume

8.4.7.2.         Market Share & Forecast

8.4.7.2.1.             By Type

8.4.7.2.2.             Application

9.    North America Rare Gas Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Type

9.2.2.     By Application

9.2.3.     By Country

9.3.  Market Attractiveness Index

9.4.  North America: Country Analysis

9.4.1.     United States Rare Gas Market Outlook

9.4.1.1.         Market Size & Forecast

9.4.1.1.1.             By Value & Volume

9.4.1.2.         Market Share & Forecast

9.4.1.2.1.             By Type

9.4.1.2.2.             Application

9.4.2.     Mexico Rare Gas Market Outlook

9.4.2.1.         Market Size & Forecast

9.4.2.1.1.             By Value & Volume

9.4.2.2.         Market Share & Forecast

9.4.2.2.1.             By Type

9.4.2.2.2.             Application

9.4.3.     Canada Rare Gas Market Outlook

9.4.3.1.         Market Size & Forecast

9.4.3.1.1.             By Value & Volume

9.4.3.2.         Market Share & Forecast

9.4.3.2.1.             By Type

9.4.3.2.2.             Application

10.  South America Rare Gas Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Type

10.2.2.  By Application

10.2.3.  By Country

10.3.              Market Attractiveness Index

10.4.              South America: Country Analysis

10.4.1.  Brazil Rare Gas Market Outlook

10.4.1.1.      Market Size & Forecast

10.4.1.1.1.           By Value & Volume

10.4.1.2.      Market Share & Forecast

10.4.1.2.1.           By Type

10.4.1.2.2.           Application

10.4.2.  Colombia Rare Gas Market Outlook

10.4.2.1.      Market Size & Forecast

10.4.2.1.1.           By Value & Volume

10.4.2.2.      Market Share & Forecast

10.4.2.2.1.           By Type

10.4.2.2.2.           By Application

11.  Middle East and Africa Rare Gas Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value & Volume

11.2.              Market Share & Forecast

11.2.1.  By Type

11.2.2.  By Application

11.2.3.  By Country

11.3.              Market Attractiveness Index

11.4.              MEA: Country Analysis

11.4.1.  South Africa Rare Gas Market Outlook

11.4.1.1.      Market Size & Forecast

11.4.1.1.1.           By Value & Volume

11.4.1.2.      Market Share & Forecast

11.4.1.2.1.           By Type

11.4.1.2.2.           Application

11.4.2.  Saudi Arabia Rare Gas Market Outlook

11.4.2.1.      Market Size & Forecast

11.4.2.1.1.           By Value & Volume

11.4.2.2.      Market Share & Forecast

11.4.2.2.1.           By Type

11.4.2.2.2.           Application

11.4.3.  UAE Rare Gas Market Outlook

11.4.3.1.      Market Size & Forecast

11.4.3.1.1.           By Value & Volume

11.4.3.2.      Market Share & Forecast

11.4.3.2.1.           By Type

11.4.3.2.2.           By Application

12.  Supply Chain Analysis

13.  Market Dynamics

13.1.              Drivers

13.2.              Challenges

14.  Market Trends & Developments

15.  Policy & Regulatory Landscape

16.  Competitive Landscape

16.1.              Competition Outlook

16.2.              Company Profiles (Top 10 Companies)

16.2.1.  Linde Plc

16.2.2.  Air Liquide S.A.

16.2.3.  TAIYO NIPPON SANSO CORPORATION

16.2.4.  smart-Gas PTE Ltd.

16.2.5.  Air Products and Chemicals, Inc.

16.2.6.  INGAS LLC

16.2.7.  Cryoin Engineering Ltd.

16.2.8.  The Messer Group GmbH

16.2.9.  POSCO (Pohang Iron and Steel Company)

17. Strategic Recommendations

Figures and Tables

Frequently asked questions

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Global rare gas market may grow with impressive CAGR during the forecast period, 2023-2027, on account of expanding specialty chemicals and noble gas sector.

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The global rare gas market is segmented into North America region, South America region, Asia Pacific region, European & CIS region, and Middle East & Africa region for the regional analysis of the market. European & CIS region is anticipated to dominate the market analysis in the upcoming five years on the account of localization of the rage gas manufacturing in Russia & Ukraine.

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Linde Plc., Air Liquide S.A., TAIYO NIPPON SANSO CORPORATION, smart-Gas PTE Ltd., Air Products and Chemicals, Inc., INGAS LLC, among others are some of the leading companies dedicated toward providing related products and services of rare gas and support the future growth of the global rare gas market in the upcoming five years.

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The global rare gas market analysis was analyzed for the five historical years from 2017 to 2020. Keeping the base year 2020 as the margin, the estimation for the year 2022 was made and further market growth is predicted for the forecast years, 2023 to 2027.

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