Noble Gases Market
Noble gases form a minor component of the earth’s atmosphere. Argon is the most abundantly available noble gas in the atmosphere, followed by helium and neon. Gases such as krypton and xenon are available in minute quantities, amounting to barely 0.00011% of air. Akin to oxygen and nitrogen, the noble gases are generally obtained through separation of air in Air Separation Units (ASUs) through methods such as liquefaction of gases and fractional distillation. Helium is generally trapped with natural gas with concentration of up to 7% in terms of volume.
The gas is then extracted commercially using low temperature separation processes such as fractional distillation. Argon, xenon, neon and krypton are also obtained from the air through cryogenic separation and purification processes. Major air separation plants are the primary sources of noble gases in the market. Capacity addition of such plants and R&D for newer separation technologies is being undertaken in order to deal with increasing demand for noble gases.
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This research study analyzes the market size of Noble Gases globally in terms of volume. The noble gases market has been segmented on the basis of product segment and geography, in order to provide a holistic picture of the market. Market data for all segments has been provided on a regional level for the period 2013 to 2019. A comprehensive competitive landscape including company market share analysis has also been provided in this report. Key product segments estimated in this study include Helium, Neon, Krypton, Xenon and Argon. The report analyzes the production in million liters of each product segment and estimations are done accordingly. Regional data have been provided for North America, Europe, Asia Pacific, and Rest of the World (RoW).
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This report also includes Porter’s five forces model analysis, value chain analysis, and market attractiveness analysis by end users. The noble gas value chain includes manufacturing of gas, transmission systems, distribution pipelines and end users. Value chain for noble gas covers all the stages of manufacturing of rare gases including end user applications. Some of the key market participants that manufacture noble gases include Airgas Inc., Praxair Inc., Air Liquide S.A., The Linde Group, Proton Gases, and Ellenbarrie Industrial Gases Ltd. The report provides an overview of these companies followed by their financial revenue, business strategies, and recent developments.
The prices of noble gases are volatile in nature and change depending upon the application and the type of end use market. Demand for noble gases including helium is likely to outstrip supply owing to its wide applications in several industries. Helium is one of the noble gases that has retained a substantial market share for the past couple of decades. Inception of alternative gases the popularity of helium has reduced however abundant availability and low economical price of helium has kept its market prospects upbeat over the past decades. Rare gases namely argon, krypton, neon and xenon are likely to witness a growing demand owing to their specific applications in niche markets.
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