New York, Global Rare Gas Market report from Global Insight Services is the single authoritative source of intelligence on Rare Gas Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
The term is Rare Gas used to describe a group of elements in the periodic table that are relatively non-reactive. The elements in this group include helium, neon, argon, krypton, xenon, and radon. These elements are all located on the far right-hand side of the periodic table, and have very low reactivity due to their fully-filled outer electron shells. The rare gas elements are often used in lighting and other applications where their inert nature is desirable.
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Key Trends
The key trends driving the market growth are the increasing demand for rare gases in various industries such as healthcare, semiconductor, and others, and the growing adoption of rare gases in various end-use applications.
The healthcare industry is one of the major end-users of rare gases. Rare gases are used in a wide range of medical applications such as magnetic resonance imaging (MRI), computed tomography (CT), and X-ray. They are also used in the treatment of cancer. The increasing demand for rare gases in the healthcare industry is expected to drive the growth of the Rare Gas technology market during the forecast period.
The semiconductor industry is another major end-user of rare gases. Rare gases are used in various processes in the semiconductor industry such as chemical vapor deposition (CVD), physical vapor deposition (PVD), and ion implantation. The increasing demand for rare gases in the semiconductor industry is expected to drive the growth of the Rare Gas technology market during the forecast period.
The growing adoption of rare gases in various end-use applications is another key trend driving the growth of the Rare Gas technology market. Rare gases are used in a wide range of applications such as lighting, lasers, and welding. The increasing demand for rare gases in these applications is expected to drive the growth of the Rare Gas technology market during the forecast period.
Key Drivers
The key drivers of Rare Gas market are the increasing demand for high-purity gases and the need for efficient production processes. The Rare Gas market is growing due to the increasing demand for high-purity gases, which are used in a variety of applications, such as semiconductor manufacturing, medical devices, and optical fibers. The production of high-purity gases is a complex process that requires the use of sophisticated equipment and processes. As a result, the Rare Gas market is expected to grow at a significant rate in the coming years.
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Market Segments
The Rare Gas Market is segmented on the basis of product, end use, and region. On the basis of type of product, the global market is categorized into helium, neon, argon, xenon, krypton, and radon. Depending on application, it is segregated into healthcare, electronics, aerospace, construction, energy & power, and others Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Rare Gas Market report includes players such as Air Liquide, Air Products and Chemicals Inc., Airgas Inc., American Gas, BASF SE, Gulf Cryo, Linde, Praxiar Technology, Royal Dutch Sell PLC, and Matheson Tri-Gas, Inc.
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