Noble Gas Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

Report Code: CMR 85054 Report Format: PDF + Excel
Noble Gas Market Size is forecast to reach $5.6 billion by 2025, after growing at a CAGR of 5.3% during 2020-2025. Noble Gas industry is projected to augment due to increasing adoption in industrial verticals such as lighting, welding, and space exploration, blimps and balloons and others. The demand of noble gas has been rising particularly in energy efficient lighting system and in window insulation. Noble gases have the largest ionization potential among the elements of each period, which reflects the stability of their electron configuration and is related to their relative lack of chemical reactivity.
 
Key Takeaways
  • Asia Pacific dominates the Noble Gas market owing to higher consumption across various industry verticals.  
  • Increasing hydrogen and nitrogen prices are expected to aid in decline of noble gas prices, providing incentives to market growth from consumption point of view. 
  • The market drivers and restraints have been assessed to understand their impact over the forecast period. The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. 
  • The other key areas of focus include the various applications in Noble Gas Market and their specific segmented revenue. 

Type - Segment Analysis
Helium held the largest share in the Noble Gas market in 2019. Helium is biologically inert, has been recently shown to be beneficial in medical industry. Because of its effectiveness in preventing respiratory acidosis in patients with comorbid conditions that cause carbon dioxide retention, surgeons are considering using helium instead of carbon dioxide to insufflate the abdomen of patients undergoing laparoscopic abdominal procedures. Moreover, Microscopy has opened new possibilities for the use of helium gas in the technologically advanced fields of medicine. 

Application – Segment Analysis
Cryogenics held the largest share in the Noble Gas market in 2019. Industrial cryogenics uses liquid gases such as nitrogen, carbon dioxide, helium and hydrogen are used as refrigerants to modify the physical properties of materials or to maintain temperature during process steps. Industrial cryogenic are also used in power application such as fuel cell vehicles and microelectronics. Cryogenics has transformed a number of modern industries from aerospace to coal. Cryogenics allow more reliable and cost-effective transport, processing and storage of bulk liquids and gas for applications in natural gas and fueling than ever before.

End Use – Segment Analysis
Medical dominates the largest share in the Noble Gas market in 2019. Noble gas such as Argon which is useful for cryotherapy, where tissue for medical purposes is exposed to sub-zero temperatures. Xenon has been shown to be more effective than previous methods for anesthetic use. Helium enhances respiratory drug delivery by increasing the deposition of nebulized drugs in the distal airways. Furthermore, helium is used in magnetic reasoning imaging to maintain a state of superconductivity, the electromagnet used in MRI scanners must be kept under conditions of intense cold. 

Geography - Segment Analysis
Asia Pacific dominates the Noble Gas market with a share of more than 39%, followed by North America and Europe. Asia Pacific is expected to be powered by rising aerospace industry and increasing demand in energy-efficiency applications on the market for noble gases. The other end use industry responsible for growth of noble gas in APAC is automobiles, construction, mining, and transportation. Noble gas market in North America will be experiencing a healthy growth due to the strong demand from the United States and Canada for aerospace and laser applications. 

Drivers – Noble Gas Market
Increasing demand in the Medical Industry will drive the Noble Gas market:
Noble gas has highest demand in the medical industry as they are used in the cooling of superconducting magnets in the magnetic resonance imaging (MRI) scanners. Helium has been effective in a variety of respiratory conditions, including protecting the myocardium from ischemia by various mechanisms. 

Challenges – Noble Gas Market

  • High Prices can restrict the market:
The price per m3 of the other noble gases is considerably higher and this tends to restrict their usage to specialist applications only. Demand for noble gas has been rising particularly in energy-efficient lighting systems. Noble gases prices are highly influenced by conventional gas prices. The prices of the noble gases are determined by their inherent supply, with the cheapest being argon and the most expensive being xenon. 

Market Landscape
  • Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Noble Gas market. In 2019, the market of Noble Gas has been consolidated by the top five players accounting for xx% of the share. Major players in the Аіr Lіquіdе, Тhе Lіndе Grоuр, Рrахаіr, Аіr Рrоduсtѕ аnd Сhеmісаlѕ, Аіrgаѕ and others. 

1. Noble Gas Market - Overview
        1.1 Definitions and Scope
2. Noble Gas Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Noble Gas Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Noble Gas Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Noble Gas Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Noble Gas Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Noble Gas Market - Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Noble Gas Market - By Type (Market Size -$Million / $Billion)
        8.1 Helium
        8.2 Krypton
        8.3 Argon
8.4 Neon
8.5 Xenon
8.6 Radioactive Radon
9. Noble Gas Market - By End-user Industry (Market Size -$Million / $Billion)
9.1 Oil & Gas
9.2 Mining
9.3 Health and Care
9.4 Aerospace
9.5 Energy Efficient Buildings
9.6 Power
10. Noble Gas - By Application (Market Size -$Million / $Billion)
10.1 Picture Projection
10.2 Anesthetic
10.3 Welding
10.4 Insulation
10.5 Lighting
10.6 Television Tubes
10.7 Advertising
10.8 Refrigerant
10.9 Working Fluid
10.10 Chemical Analysis
11. Noble Gas - By Geography (Market Size -$Million / $Billion)
        11.1 Noble Gas Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Noble Gas- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Noble Gas- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Noble Gas - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Noble Gas - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Noble Gas Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Noble Gas Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Noble Gas Market - Key Company List by Country Premium
15. Noble Gas Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Air Liquide
        15.3 Air Product And Chemicals, Inc
        15.4 Airgas, Inc
        15.5 Basf Se
        15.6 Gazprom
        15.7 Linde
        15.8 Messer
        15.9 Praxair
        15.10 Ra Gas Company Limited
        15.11 Taiyo Nippon Sanso
        15.12 Company 12
        15.13 Company 13 & More
*Financials would be provided on a best efforts basis for private companies
16. Noble Gas Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Noble Gas Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

List of Tables

1 US Noble Gas Market Size 2018
2 Canada Noble Gas Market Share 2018
3 Brazil Noble Gas Market Outlook 2019 - 2023
4 Mexico Noble Gas Market Research 2018
5 Germany Noble Gas Market Trends 2019 - 2023 
6 France Noble Gas Market Growth 2019 - 2023 
7 UK Noble Gas Market Demand 2019 - 2023 
8 Italy Noble Gas Market Segmentation 2018
9 Russia Noble Gas Market Analysis 2019 - 2023
10 China Noble Gas Market Revenue 2019 - 2023
11 Japan Noble Gas Market Volume 2019 - 2023
12 South Korea Noble Gas Market Potential 2019 - 2023
13 India Noble Gas Market Leaders 2018
14 Saudi Arabia Noble Gas Market Forecast 2019 - 2023 
15 Kuwait Noble Gas Market Value 2018

List of Figures

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