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According to the latest research, the global Rare Gases market size was valued at USD 11211.62 million in 2022 and is expected to expand at a CAGR of -3.63% during the forecast period, reaching USD 8981.97 million by 2028.
Rare gases, also known as noble gases, refer to a group of chemical elements that belong to Group 18 of the periodic table. These elements include helium (He), neon (Ne), argon (Ar), krypton (Kr), xenon (Xe). The rare gases have a complete outer electron shell, making them chemically stable and unreactive under normal conditions. This stability gives them unique properties and various practical applications. For example, helium is widely used in cryogenics and as a lifting gas, while neon is commonly used in signs and lighting. Argon is often used as a shielding gas in welding, and xenon finds applications in lighting, imaging, and as a propellant in ion thrusters. With the development of industrial production and science and technology, noble gases are more and more widely used in industry, medicine, cutting-edge science and technology and even daily life.
This report researches the worldwide Rare Gases market size (value, capacity, production and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions. This study categorizes the global Rare Gases breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Drivers
1. The increasing demand from multiple industries has stimulated the development of the rare gases industry and motivated research and investment in this field.
2. The new round of industrialization in the world is promoting the development of Rare Gases market
Risks
1. Geopolitical events, such as trade tensions, sanctions, political instability, or changes in government policies, can have an impact on the rare gases market.
2. Currency fluctuations and international trade dynamics pose significant challenges and uncertainties for rare gas companies operating in global markets.
Opportunities
1. The growth of emerging economies in the Asia-Pacific region, such as China, India, and Southeast Asian countries, has a substantial impact on the rare gases market.
2. The expansion plan of downstream semiconductor manufacturers provides growth opportunities for the industry.
Region Overview:
Asia Pacific had the highest growth rate of all regions in 2022.
In 2022, the share of the Rare Gases market in North America stood at 39.99%.
Company Overview:
Linde is one of the major players operating in the Rare Gases market, holding a share of 29% in 2023.
Linde, Air Liquide, Air Products, Messer Group and Iwatani Corp. are the five key players in the global Rare Gases market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Rare Gases market in the past 5 years.
Segmentation Overview:
The Neon segment by type showed a value growth of 1102.7% in 2022.
Among different product types, Helium segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Large Industries segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Rare Gases industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Rare Gases. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Rare Gases Market Report Include:
Market Size Estimates: Rare Gases market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Rare Gases market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Rare Gases market
Segment Market Analysis: Rare Gases market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Rare Gases market situations and prospects in major and top regions and countries
Rare Gases Market
Rare Gases Industry Chain: Rare Gases market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Rare Gases Industry News, Policies by regions
Rare Gases Industry Porters Five Forces Analysis
Key players in the global Rare Gases market are covered in Chapter 2:
AirPower Technologies Limited
Hangzhou Oxygen Plant Group Co.,ltd.
Nippon Sanso Holdings Corporation
Messer Group
Iwatani Corp.
Ingas
Air Products
Chromium
Air Liquide
Linde
Cryoin Engineering
In Chapter 6 and Chapter 9, on the basis of types, the Rare Gases market from 2018 to 2028 is primarily split into:
Helium
Neon
Argon
Krypto
Xenon
In Chapter 7 and Chapter 10, on the basis of applications, the Rare Gases market from 2018 to 2028 covers:
Large Industries
Electronics
Healthcare
Aerospace
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Rare Gases market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Rare Gases industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Rare Gases market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Rare Gases industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Rare Gases market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Rare Gases market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Rare Gases market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Rare gases, also known as noble gases, refer to a group of chemical elements that belong to Group 18 of the periodic table. These elements include helium (He), neon (Ne), argon (Ar), krypton (Kr), xenon (Xe). The rare gases have a complete outer electron shell, making them chemically stable and unreactive under normal conditions. This stability gives them unique properties and various practical applications. For example, helium is widely used in cryogenics and as a lifting gas, while neon is commonly used in signs and lighting. Argon is often used as a shielding gas in welding, and xenon finds applications in lighting, imaging, and as a propellant in ion thrusters. With the development of industrial production and science and technology, noble gases are more and more widely used in industry, medicine, cutting-edge science and technology and even daily life.
This report researches the worldwide Rare Gases market size (value, capacity, production and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions. This study categorizes the global Rare Gases breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Drivers
1. The increasing demand from multiple industries has stimulated the development of the rare gases industry and motivated research and investment in this field.
2. The new round of industrialization in the world is promoting the development of Rare Gases market
Risks
1. Geopolitical events, such as trade tensions, sanctions, political instability, or changes in government policies, can have an impact on the rare gases market.
2. Currency fluctuations and international trade dynamics pose significant challenges and uncertainties for rare gas companies operating in global markets.
Opportunities
1. The growth of emerging economies in the Asia-Pacific region, such as China, India, and Southeast Asian countries, has a substantial impact on the rare gases market.
2. The expansion plan of downstream semiconductor manufacturers provides growth opportunities for the industry.
Region Overview:
Asia Pacific had the highest growth rate of all regions in 2022.
In 2022, the share of the Rare Gases market in North America stood at 39.99%.
Company Overview:
Linde is one of the major players operating in the Rare Gases market, holding a share of 29% in 2023.
Linde, Air Liquide, Air Products, Messer Group and Iwatani Corp. are the five key players in the global Rare Gases market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Rare Gases market in the past 5 years.
Segmentation Overview:
The Neon segment by type showed a value growth of 1102.7% in 2022.
Among different product types, Helium segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Large Industries segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Rare Gases industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Rare Gases. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Rare Gases Market Report Include:
Market Size Estimates: Rare Gases market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Rare Gases market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Rare Gases market
Segment Market Analysis: Rare Gases market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Rare Gases market situations and prospects in major and top regions and countries
Rare Gases Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Rare Gases Industry Chain: Rare Gases market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Rare Gases Industry News, Policies by regions
Rare Gases Industry Porters Five Forces Analysis
Key players in the global Rare Gases market are covered in Chapter 2:
AirPower Technologies Limited
Hangzhou Oxygen Plant Group Co.,ltd.
Nippon Sanso Holdings Corporation
Messer Group
Iwatani Corp.
Ingas
Air Products
Chromium
Air Liquide
Linde
Cryoin Engineering
In Chapter 6 and Chapter 9, on the basis of types, the Rare Gases market from 2018 to 2028 is primarily split into:
Helium
Neon
Argon
Krypto
Xenon
In Chapter 7 and Chapter 10, on the basis of applications, the Rare Gases market from 2018 to 2028 covers:
Large Industries
Electronics
Healthcare
Aerospace
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Rare Gases market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Rare Gases industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Rare Gases market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Rare Gases industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Rare Gases market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Rare Gases market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Rare Gases market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
