Product Code: GVR-4-68038-969-2
Noble Gas Market Growth & Trends:
The global noble gas market size is expected to reach USD 4.03 billion by 2030, registering a CAGR of 5.6% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increasing application for noble gases in healthcare and industrial sectors and supportive government policies are expected to boost the market growth.
Noble gases are expected to gain preference in the manufacturing industry worldwide owing to their usage in metal melting applications due to their inertness at high temperatures. These gases are used for the distillation of highly pure oxygen by carrying out the cryogenic distillation of air. The flourishing display market worldwide plays a vital role in surging the consumption of noble gases in electronic applications. Improving economic conditions in China and India also contribute to the rising demand for electronic goods, thereby leading to increased consumption of noble gases in these countries.
Helium is required in healthcare due to its unique properties such as low reactivity with other elements and low molecular weight which is useful for various treatment applications in healthcare. Helium is given along with oxygen for respiratory ailments such as asthma exacerbation and bronchitis to make it easier for the patient to breathe. The use of noble gas in healthcare is expected to increase owing to the rising applications for noble gas in healthcare during the forecast period which is a major market opportunity.
Rapid growth in end-use industries such as healthcare, manufacturing, chemical, and electronics is expected to drive the growth of the noble gas industry. These gases have unique properties which benefit many end-use industries by improving yield, optimizing performance, and lowering cost.
The demand for noble gas has increased in the healthcare sector due to increased hospitalizations. The COVID-19 virus damaging a patient's lungs has led to many serious patients needing respiratory support across the globe increasing the demand for noble gases in the sector. However, demand from industrial and commercial end-users saw a significant dip in 2020 owing to the lockdown imposed in the majority of countries around the globe.
Noble Gas Market Report Highlights:
- In 2022, helium emerged as the largest segment and accounted for 47.44% of the revenue share owing wide application range in healthcare, manufacturing, and aerospace increasing its demand
- The U.S. emerged as the largest market in North America in 2022. The U.S. is the most significant market for noble gas in North America owing to the bulk production of these gas in the country. The production of high-purity noble gas is carried out on a large scale in the U.S. owing to their surged consumption in healthcare applications
- The healthcare application segment is expected to account for the largest share of the market from 2023 to 2030. Increased preference for noble gas in healthcare facilities owing to their risen applicability rate in medical applications is a factor driving the growth of the healthcare application segment
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definition
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 GVR's Internal Database
- 1.3.3 Secondary Sources & Third-Party Perspectives
- 1.4 Information Analysis
- 1.4.1 Data Analysis Models
- 1.5 Market formulation & data visualization
- 1.6 Data validation & publishing
- 1.7 Research Scope and Assumptions
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Noble Gas Market: Market Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.2 Industry Value Chain Analysis
- 3.2.1 Manufacturing/Technology Trends
- 3.2.2 Sales Channel Analysis
- 3.2.3 List of Potential End-Users
- 3.3 Price Trend Analysis, 2018 - 2030
- 3.3.1 Factors Affecting Prices
- 3.4 Regulatory Framework, By Regions
- 3.5 Market Dynamics
- 3.5.1 Market driver analysis
- 3.5.2 Market restraint analysis
- 3.5.3 Market Challenges Analysis
- 3.5.4 Market Opportunity Analysis
- 3.6 Business Environment Analysis
- 3.6.1 Porter's Analysis
- 3.6.2 PESTEL Analysis
Chapter 4 Noble Gas Market: Supplier Portfolio Analysis
- 4.1 List of Key Raw Material Suppliers
- 4.2 Raw Material Trends
- 4.3 Portfolio Analysis/Kraljic Matrix
- 4.4 Engagement Model
- 4.5 Negotiation Strategies
- 4.6 Sourcing Best Practices
Chapter 5 Noble Gas Market: Product Estimates & Trend Analysis
- 5.1 Product Movement Analysis & Market Share, 2022 & 2030
- 5.1.1 Helium
- 5.1.2 Neon
- 5.1.3 Argon
- 5.1.4 Krypton
- 5.1.5 Xenon
- 5.1.6 Others
Chapter 6 Noble Gas Market: Application Estimates and Trend Analysis
- 6.1 Application Movement Analysis & Market Share, 2022 & 2030
- 6.1.1 Healthcare
- 6.1.2 Electronics
- 6.1.3 Aerospace
- 6.1.4 Construction
- 6.1.5 Energy & Power
- 6.1.6 Others
Chapter 7 Noble Gas Market: Distribution Estimate and Trend Analysis
- 7.1 Distribution Movement Analysis & Market Share, 2022 & 2030
- 7.1.1 Bulk
- 7.1.2 Cylinder
- 7.1.3 Others
Chapter 8 Noble Gas Market: Regional Estimates & Trend Analysis
- 8.1 Noble Gas Market: Regional Outlook
- 8.2 North America
- 8.2.1 North America Noble Gas market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.2.2 U.S.
- 8.2.2.1 Key Country Dynamics
- 8.2.2.2 U.S. Noble Gas market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.2.3 Canada
- 8.2.3.1 Key Country Dynamics
- 8.2.3.2 Canada Noble Gas market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.2.4 Mexico
- 8.2.4.1 Key Country Dynamics
- 8.2.4.2 Mexico Noble Gas market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.3 Europe
- 8.3.1 Europe Noble Gas market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.3.2 Germany
- 8.3.2.1 Key Country Dynamics
- 8.3.2.2 Germany Noble Gas market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.3.3 Russia
- 8.3.3.1 Key Country Dynamics
- 8.3.3.2 Russia Noble Gas market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.3.4 Italy
- 8.3.4.1 Key Country Dynamics
- 8.3.4.2 Italy Noble Gas market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.3.5 Spain
- 8.3.5.1 Key Country Dynamics
- 8.3.5.2 Spain Noble Gas market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.3.6 France
- 8.3.6.1 Key Country Dynamics
- 8.3.6.2 France Noble Gas market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.4 Asia Pacific
- 8.4.1 Asia Pacific Noble Gas market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.4.2 China
- 8.4.2.1 Key Country Dynamics
- 8.4.2.2 China Noble Gas market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.4.3 India
- 8.4.3.1 Key Country Dynamics
- 8.4.3.2 India Noble Gas market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.4.4 Japan
- 8.4.4.1 Key Country Dynamics
- 8.4.4.2 Japan Noble Gas market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.4.5 South Korea
- 8.4.5.1 Key Country Dynamics
- 8.4.5.2 South Korea Noble Gas market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.4.6 Australia
- 8.4.6.1 Key Country Dynamics
- 8.4.6.2 Australia Noble Gas market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.5 Central & South America
- 8.5.1 Central & South America Noble Gas market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.5.2 Brazil
- 8.5.2.1 Key Country Dynamics
- 8.5.2.2 Brazil Noble Gas market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.5.3 Colombia
- 8.5.3.1 Key Country Dynamics
- 8.5.3.2 Colombia Noble Gas market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.6 Middle East & Africa
- 8.6.1 Middle East & Africa Noble Gas market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.6.2 South Africa
- 8.6.2.1 Key Country Dynamics
- 8.6.2.2 South Africa Noble Gas market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.6.3 UAE
- 8.6.3.1 Key Country Dynamics
- 8.6.3.2 UAE Noble Gas market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.6.6 Egypt
- 8.6.6.1 Key Country Dynamics
- 8.6.6.2 Egypt Noble Gas market estimates & forecasts, 2018 - 2030 (USD Million)
Chapter 9 Competitive Landscape
- 9.1 Participant's Overview
- 9.2 Financial Performance
- 9.3 Product Benchmarking
- 9.4 Recent Development & Impact Analysis, By Key Market Participants
- 9.5 Company Categorization
- 9.6 Company Market Positioning
- 9.7 Company Heat Map Analysis
- 9.8 Strategy Mapping
- 9.9 Company Listing
- 9.9.1 Air Liquide
- 9.9.2 BASF SE
- 9.9.3 Linde plc
- 9.9.4 Messer
- 9.9.5 TAIYO NIPPON SANSO CORPORATION
- 9.9.6 Norco Inc.
- 9.9.7 Iwatani Corporation
- 9.9.8 SHOWA DENKO K.K.
- 9.9.9 MESA Specialty Gases & Equipment
- 9.9.10 Gulf Cryo