PUNE, India, September 30, 2022 (GLOBE NEWSWIRE) — Loud Fortune Business Insights, the globe noble gas market The size is expected to reach $53.71 billion by 2028, growing at a CAGR of 3.89% over the forecast period. Rising demand for helium will bring lucrative opportunities to the market over the forecast period, states a report by Fortune Business Insights titled “Noble Gas Market, 2021-2028.” The market size was USD 40.34 billion in 2020.
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segmentation:
Based on the type, the market is categorized into helium, neon, argon, krypton and xenon. Due to its large-scale application as a protective gas in metal production, argon gas is expected to occupy the largest proportion of noble gases during the forecast period. Neon gas is expected to gain a significant share due to its use in the manufacture of excimer lasers.
Based on application, the market is segmented into MRI & Medical, Electronics, Fiber Optics, Carrier & Lift Gas, Cryogenics, and Others. Krypton is classified into lighting, window insulation, lasers and other uses. Finally, Xenon is categorized into Imaging & Lighting, Satellite, Electronics & Semiconductors, Medical, and Other.
Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Scope and segmentation of the report:
| report coverage | details |
| forecast period | 2021-2028 |
| Forecast CAGR | 3.89% |
| Value prognosis 2028 | $53.71 billion |
| base year | 2020 |
| Size of the noble gas market in 2020 | $40.34 billion |
| Historical data | 2017-2019 |
| number of pages | 300 |
| Covered Segments | By type, application and region |
| Growth drivers of the noble gases market | Booming steel production in favor of the noble gas industry |
| Expanding R&D in noble gases to support growth in Europe |
Lists the main companies in the Noble gases market:
- Air Liquide (France)
- Air Products, Inc. (USA)
