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The Global Rare Gases Market is expected to reach $739.04 million by 2027 growing at a CAGR of 9.7% from 2020 to 2027. Rare gases are also known as inert gases. They are a collection of elements with related characteristics. Inner gases possess several properties such as colorless, odorless, monoatomic gases with very less or negligible reactivity with others. Six rare gases occur naturally such as krypton, helium, neon, argon, xenon, and radon. Nobel gases are used in various applications such as, in energy-effective lighting systems, window-insulation, in bulbs and tubes. Moreover, inert gases are used in medical applications such as Nobel lasers in ophthalmic surgeries, cosmetic surgeries, and dermatological treatment. Xeon gas is used in plasma televisions. Furthermore, they are used in the aviation and aerospace industry to deliver propulsion for spacecraft. Factors such as increasing health consciousness coupled with rising spending capacity, growing demand for energy-efficient lighting and laser solutions are driving the growth of the market. However, the inception of alternative technologies in several industries is restraining the growth of the market. Based on the end user, the pharmaceutical and healthcare industry segment is going to have lucrative growth during the forecast period. Pharma-grade rare gases are predictable to be extremely compliant with pharmacopeia standards. Subsequently, the pharmaceutical and healthcare industries are strongly focused on patient safety high-purity rare gases are of importance in these industries. Xenon can protect neurological and cardiovascular systems from overstimulation and oxygen deficiency during bypass surgeries. Furthermore, all analytical procedures require the use of rare gases. Such applications of rare gases are anticipated to drive their demand in the healthcare industry. The key vendors mentioned are Air Products and Chemicals Inc., Bhuruka Gases Ltd, Iwatani Corp, L Air Liquide SA, Linde plc, Messer Group GmbH, Mitsubishi Chemical Holdings Corp, Noble Gas Solutions, Proton Gases (India) Pvt. Ltd, Universal Industrial Gases Inc, Praxair, Air Liquide S.A, Airgas, Matheson Tri-Gas, Air Products and Chemicals, Iwatani and Chengdu Taiyu. Types Covered: • Helium • Krypton • Neon • Xenon Functions Covered: • Illumination • Insulation • Anaesthesia • Scanning • Satellites • Semiconductors Transportation Modes Covered: • Bulk and Micro Bulk Delivery • Cylinders & Liquid Containers • Tonnage Distribution End Users Covered: • Aerospace • Automobile • Automotive and Transportation Equipment • Electronics • Glass Fiber • Pharmaceutical And Healthcare Industry • Manufacturing & Construction Regions Covered: • North America • Europe • Asia Pacific • South America • Middle East & Africa Key Questions Answered in this Report: • How this market evolved since the year 2019 • Market size estimations, forecasts and CAGR for all the segments presented in the scope • Key Market Developments and financials of the key players • Opportunity Analysis for the new entrants • SWOT Analysis of the key players • Fastest growing markets analyzed during the forecast period
1 Market Synopsis
2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources
3 Market Dynamics
3.1 Drivers
3.2 Restraints
4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Rare Gases Market, By Type
5.1 Introduction
5.2 Helium
5.3 Krypton
5.4 Neon
5.5 Xenon
6 Global Rare Gases Market, By Function
6.1 Introduction
6.2 Illumination
6.3 Insulation
6.4 Anaesthesia
6.5 Scanning
6.6 Satellites
6.7 Semiconductors
7 Global Rare Gases Market, By Transportation Mode
7.1 Introduction
7.2 Bulk and Micro Bulk Delivery
7.3 Cylinders & Liquid Containers
7.4 Tonnage Distribution
8 Global Rare Gases Market, By End User
8.1 Introduction
8.2 Aerospace
8.3 Automobile
8.4 Automotive and Transportation Equipment
8.5 Electronics
8.6 Glass Fiber
8.7 Pharmaceutical And Healthcare Industry
8.8 Manufacturing & Construction
9 Global Rare Gases Market, By Geography
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia Pacific
9.5 South America
9.6 Middle East & Africa
10 Strategic Benchmarking
11 Vendors Landscape
11.1 Air Products and Chemicals Inc.
11.2 Bhuruka Gases Ltd.
11.3 Iwatani Corp.
11.4 L Air Liquide SA
11.5 Linde plc
11.6 Messer Group GmbH
11.7 Mitsubishi Chemical Holdings Corp.
11.8 Noble Gas Solutions
11.9 Proton Gases (India) Pvt. Ltd.
11.10 Universal Industrial Gases Inc
11.11 Praxair
11.12 Air Liquide S.A.
11.13 Airgas
11.14 Matheson Tri-Gas
11.15 Air Products and Chemicals
11.16 Iwatani
11.17 Chengdu Taiyu
List of Data Tables
1 Global Rare Gases Market Outlook, By Region (2019-2027) ($MN)
2 Global Rare Gases Market Outlook, By Type (2019-2027) ($MN)
3 Global Rare Gases Market Outlook, By Helium (2019-2027) ($MN)
4 Global Rare Gases Market Outlook, By Krypton (2019-2027) ($MN)
5 Global Rare Gases Market Outlook, By Neon (2019-2027) ($MN)
6 Global Rare Gases Market Outlook, By Xenon (2019-2027) ($MN)
7 Global Rare Gases Market Outlook, By Function (2019-2027) ($MN)
8 Global Rare Gases Market Outlook, By Illumination (2019-2027) ($MN)
9 Global Rare Gases Market Outlook, By Insulation (2019-2027) ($MN)
10 Global Rare Gases Market Outlook, By Anaesthesia (2019-2027) ($MN)
11 Global Rare Gases Market Outlook, By Scanning (2019-2027) ($MN)
12 Global Rare Gases Market Outlook, By Satellites (2019-2027) ($MN)
13 Global Rare Gases Market Outlook, By Semiconductors (2019-2027) ($MN)
14 Global Rare Gases Market Outlook, By Transportation Mode (2019-2027) ($MN)
15 Global Rare Gases Market Outlook, By Bulk and Micro Bulk Delivery (2019-2027) ($MN)
16 Global Rare Gases Market Outlook, By Cylinders & Liquid Containers (2019-2027) ($MN)
17 Global Rare Gases Market Outlook, By Tonnage Distribution (2019-2027) ($MN)
18 Global Rare Gases Market Outlook, By End User (2019-2027) ($MN)
19 Global Rare Gases Market Outlook, By Aerospace (2019-2027) ($MN)
20 Global Rare Gases Market Outlook, By Automobile (2019-2027) ($MN)
21 Global Rare Gases Market Outlook, By Automotive and Transportation Equipment (2019-2027) ($MN)
22 Global Rare Gases Market Outlook, By Electronics (2019-2027) ($MN)
23 Global Rare Gases Market Outlook, By Glass Fiber (2019-2027) ($MN)
24 Global Rare Gases Market Outlook, By Pharmaceutical And Healthcare Industry (2019-2027) ($MN)
25 Global Rare Gases Market Outlook, By Manufacturing & Construction (2019-2027) ($MN)
26 North America Rare Gases Market Outlook, By Type (2019-2027) ($MN)
27 North America Rare Gases Market Outlook, By Function (2019-2027) ($MN)
28 North America Rare Gases Market Outlook, By Transportation Mode (2019-2027) ($MN)
29 North America Rare Gases Market Outlook, By End User (2019-2027) ($MN)
30 Europe Rare Gases Market Outlook, By Type (2019-2027) ($MN)
31 Europe Rare Gases Market Outlook, By Function (2019-2027) ($MN)
32 Europe Rare Gases Market Outlook, By Transportation Mode (2019-2027) ($MN)
33 Europe Rare Gases Market Outlook, By End User (2019-2027) ($MN)
34 Asia Pacific Rare Gases Market Outlook, By Type (2019-2027) ($MN)
35 Asia Pacific Rare Gases Market Outlook, By Function (2019-2027) ($MN)
36 Asia Pacific Rare Gases Market Outlook, By Transportation Mode (2019-2027) ($MN)
37 Asia Pacific Rare Gases Market Outlook, By End User (2019-2027) ($MN)
38 South America Rare Gases Market Outlook, By Type (2019-2027) ($MN)
39 South America Rare Gases Market Outlook, By Function (2019-2027) ($MN)
40 South America Rare Gases Market Outlook, By Transportation Mode (2019-2027) ($MN)
41 South America Rare Gases Market Outlook, By End User (2019-2027) ($MN)
42 Middle East & Africa Rare Gases Market Outlook, By Type (2019-2027) ($MN)
43 Middle East & Africa Rare Gases Market Outlook, By Function (2019-2027) ($MN)
44 Middle East & Africa Rare Gases Market Outlook, By Transportation Mode (2019-2027) ($MN)
45 Middle East & Africa Rare Gases Market Outlook, By End User (2019-2027) ($MN)