Rare Gas Market Analysis & Industry Growth Analysis 2025 to 2037
Wiki Article
Analysis of Rare Gas Market Size by Research Nester
Reveals the Market to Register with a CAGR of 7.1% During 2025-2037 and Attain
USD 8.4 billion by 2037.
Research Nester assesses the growth and market size of
the rare gas market which is anticipated to be on account of the surge in
semiconductor and electronics manufacturing.
Research Nester’s recent market research analysis on “Rare Gas Market: Global Demand Analysis & Opportunity Outlook
2037” delivers a detailed
competitor’s analysis and a detailed overview of the global rare gas market in
terms of market segmentation by type, end use industry, function, and by
region.
Rising Demands for Rare Gases in Manufacturing to Promote
Global Market Share of Rare Gas Market
The global rare gas market is poised for profitable
growth owing to rising demands for rare gases in manufacturing segments of
various sectors. Rare gases such as xenon and argon are in demand for the manufacturing
of electronic components while the healthcare sector is boosting demands for
helium. Additionally, the market is poised to benefit from the growth of the
semiconductor industry as argon plays a vital role in plasma etching processes.
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The market is positioned to benefit from a robust
global supply chain that has achieved stability after geopolitical tensions
caused disruptions, owing to the emergence of Qatar as a leading supplier of
rare gases other than argon globally. The Observatory of Economic Complexity estimated
Qatar to lead the global rare gases export with a valuation of around USD 892
million in 2022. The rare gases market is positioned to leverage large-scale
demands from the Asia Pacific region in the next decade owing to the
semiconductor race in APAC countries and continue to boost its revenue share.
Growth
Drivers:
· Rising demand for
high-purity gases
· Growing advancements in 3D
printing
Challenges:
The sector can face
challenges of price volatility owing to the finite availability of the gases
and the impact of geopolitical factors. The extraction of rare gases is a
complex process adding to the costs of production. Additionally, long-distance
transportations require specialized cryogenic containers that can add to the costs
of transportation over long distances.
By type, the argon gas segment sector is poised to
register the largest revenue share by the end of 2037. The segment’s growth is
owed to rising demands in the welding industry owing to argon’s ability to
prevent oxidation. Additionally, the segment is poised to find long-term
demands in APAC with growing industrialization and manufacturing activities in
the region.
By region, the North America rare gas sector is poised
to register the largest revenue share by the end of 2037. The region’s robust
growth is attributed to large-scale production of helium in the U.S. and
copyright. The region is additionally set to benefit from a robust supply chain
that is poised to cater to rising demands from the aerospace industry. In October
2024, Weil Group announced the commencement of helium production from the New
Alberta facility.
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This report also provides the existing competitive
scenario of some of the key players of the market i.e., Linde,
Air Liquide SA, Air Products &
Chemicals, BASF SE, Dakota
Gasification Co., Matheson
& Air Products, Airgas Inc., American
Gas Products, Iwatani Corporation, and others.
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision in order to avoid future uncertainties.
Contact
for more Info:
AJ Daniel
Email: [email protected]
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U.K.
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