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Global Rare Gases Market to reach USD 688.61 million by 2028.

Global Rare Gases Market to reach USD 688.61 million by 2028.

Product Code: OIRGSF-74908735
Publish Date: 25-02-2022
Page: 200

Global Rare Gases Market is valued approximately USD 409.93 million in 2021 and is anticipated to grow with a healthy growth rate of more than 7.70% over the forecast period 2022-2028. Rare gas is also commonly known as noble gas that creates the class of chemical elements with analogous properties. These gases possess several properties such as they are odorless, colorless, and monoatomic gases with very less or negligible chemical reactivity. There are six noble gases that occur naturally are neon, xenon, helium, argon, krypton, and radioactive radon. Noble gases are widely used in numerous applications such as window-insulation, energy-efficient lighting systems, in bulbs and tubes, along with in medical applications like a noble laser in cosmetic and ophthalmic surgeries, and for dermatological treatments. These gases are getting from the air by the usage of purification and cryogenic separation. The increasing demand for energy-efficient lighting and laser solutions, growing awareness regarding health, coupled with rising spending capacity are the primary driving factor for the market growth. Additionally, imposition of the strict government rules and regulations, and companies’ strategic initiatives may also accelerate the market demand across the globe. For instance, in May 2021, Noble Gas Solutions set up its third shopfront at South Glens Falls. The aim of this movement is to expand the company’s presence across the northern region of New York state. However, the introduction of alternative technologies across several industries impedes the growth of the market over the forecast period of 2022-2028. Also, the proliferation of new technologies is anticipated to act as a catalyzing factor for the market demand during the forecast period.

The key regions considered for the Global Rare Gases Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia-Pacific is the leading region across the world in terms of market share owing to the rising application of the rare gases in the healthcare and construction industry, and rapid industrialization fuels the growth of the automotive, electronics, aerospace, and many end-use industries, which, in turn, stimulate the demand of the rare gases. Whereas, North America is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the escalating prices of the fuels, and growing consumption of the rare gas majorly across technologies like aerospace and laser would create lucrative growth prospects for the Rare Gases Market across the Asia-Pacific region.

Major market players included in this report are:
Airgas Inc.
Praxair Inc.
Air Liquide S.A.
Iwatani Corporation
The Linde Group
Matheson Tri-Gas Inc.
Air Products and Chemicals Inc.
Advanced Specialty Gases Inc.
Messer Group GmbH
Iceblick Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
By Functions:
Others (Scanning, Anesthesia, Semiconductors, and Satellites)
By Transportation Mode:
Cylinders & Liquid Containers
Tonnage Distribution
Bulk and Micro Bulk Delivery
By End-Use Industry:
Manufacturing & Construction
Automotive and Transportation Equipment
Health Care
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Rare Gases Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
1.2.1. Global Rare Gases Market, by Region, 2020-2028 (USD Million)
1.2.2. Global Rare Gases Market, by Type, 2020-2028 (USD Million)
1.2.3. Global Rare Gases Market, by Functions, 2020-2028 (USD Million)
1.2.4. Global Rare Gases Market, by Transportation Mode, 2020-2028 (USD Million)
1.2.5. Global Rare Gases Market, by End-Use Industry, 2020-2028 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Rare Gases Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Rare Gases Market Dynamics
3.1. Rare Gases Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Increasing demand for the energy-efficient lighting and laser solutions Increasing health awareness along with rising spending capacity
3.1.2. Market Challenges Introduction of alternative technologies across several industries
3.1.3. Market Opportunities Proliferation of new technologies
Chapter 4. Global Rare Gases Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Rare Gases Market, by Type
6.1. Market Snapshot
6.2. Global Rare Gases Market by Type, Performance – Potential Analysis
6.3. Global Rare Gases Market Estimates & Forecasts by Type 2018-2028 (USD Million)
6.4. Rare Gases Market, Sub Segment Analysis
6.4.1. Neon
6.4.2. Krypton
6.4.3. Xenon
Chapter 7. Global Rare Gases Market, by Functions
7.1. Market Snapshot
7.2. Global Rare Gases Market by Functions, Performance – Potential Analysis
7.3. Global Rare Gases Market Estimates & Forecasts by Functions 2018-2028 (USD Million)
7.4. Rare Gases Market, Sub Segment Analysis
7.4.1. Illumination
7.4.2. Insulation
7.4.3. Others (scanning, anesthesia, semiconductors, and satellites)
Chapter 8. Global Rare Gases Market, by Transportation Mode
8.1. Market Snapshot
8.2. Global Rare Gases Market by Transportation Mode, Performance – Potential Analysis
8.3. Global Rare Gases Market Estimates & Forecasts by Transportation Mode 2018-2028 (USD Million)
8.4. Rare Gases Market, Sub Segment Analysis
8.4.1. Cylinders & liquid containers
8.4.2. Tonnage distribution
8.4.3. Bulk and micro bulk delivery
Chapter 9. Global Rare Gases Market, by End-Use Industry
9.1. Market Snapshot
9.2. Global Rare Gases Market by End-Use Industry, Performance – Potential Analysis
9.3. Global Rare Gases Market Estimates & Forecasts by End-Use Industry 2018-2028 (USD Million)
9.4. Rare Gases Market, Sub Segment Analysis
9.4.1. Manufacturing & Construction
9.4.2. Electronics
9.4.3. Automotive and Transportation Equipment
9.4.4. Health care
Chapter 10. Global Rare Gases Market, Regional Analysis
10.1. Rare Gases Market, Regional Market Snapshot
10.2. North America Rare Gases Market
10.2.1. U.S. Rare Gases Market Type estimates & forecasts, 2018-2028 Functions estimates & forecasts, 2018-2028 Transportation Mode estimates & forecasts, 2018-2028 End-Use Industry estimates & forecasts, 2018-2028
10.2.2. Canada Rare Gases Market
10.3. Europe Rare Gases Market Snapshot
10.3.1. U.K. Rare Gases Market
10.3.2. Germany Rare Gases Market
10.3.3. France Rare Gases Market
10.3.4. Spain Rare Gases Market
10.3.5. Italy Rare Gases Market
10.3.6. Rest of Europe Rare Gases Market
10.4. Asia-Pacific Rare Gases Market Snapshot
10.4.1. China Rare Gases Market
10.4.2. India Rare Gases Market
10.4.3. Japan Rare Gases Market
10.4.4. Australia Rare Gases Market
10.4.5. South Korea Rare Gases Market
10.4.6. Rest of Asia Pacific Rare Gases Market
10.5. Latin America Rare Gases Market Snapshot
10.5.1. Brazil Rare Gases Market
10.5.2. Mexico Rare Gases Market
10.6. Rest of The World Rare Gases Market
Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Airgas Inc. Key Information Overview Financial (Subject to Data Availability) Type Summary Recent Developments
11.2.2. Praxair Inc.
11.2.3. Air Liquide S.A.
11.2.4. Iwatani Corporation
11.2.5. The Linde Group
11.2.6. Matheson Tri-Gas Inc.
11.2.7. Air Products and Chemicals Inc.
11.2.8. Advanced Specialty Gases Inc.
11.2.9. Messer Group GmbH
11.2.10. Iceblick Ltd.
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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