Reports
Global Xenon Gas Market: By Mode of Supply: Packaged, Merchant, On-Site; By End Use: Aviation and Aerospace, Healthcare, Imaging and Lighting, Automotive and Transportation, Electrical and Electronics, Construction; Regional Analysis; Historical Market and Forecast (2018-2028); Competitive Landscape; Industry Events and Developments
Global Xenon Gas Market Outlook
The global xenon gas market reached a volume 18.4 million litres in 2020. The market is further expected to grow at a CAGR of 3% in the forecast period of 2023-2028.
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Increasing Demand from the Healthcare Sector to Bolster the Growth of the Xenon Gas Industry
Based on end use, the imaging and lighting segment occupies the largest share in the industry. Upon the transfer of electric current, xenon gas emits blue light, which makes it useful in the field of lighting. The different kinds of lamps that utilise xenon gas include photographic flash lamps, high-intensive arc-lamps, and bactericidal lamps, among others. The demand for xenon-based lamps is increasing as they offer better illumination in comparison to conventional lighting methods. Meanwhile, the healthcare industry is expected to witness a robust growth in the forecast period owing to the increasing utilisation of xenon gas in regenerative and rehabilitation therapy. The expanding pharmaceutical applications of xenon gas, such as its use in the treatment of brain diseases, lung problems, and others, is further propelling the market forward.
The Asia Pacific to be the Leading Region in the Global Xenon Gas Industry
The global market for xenon gas is dominated by the Asia Pacific region. There has been a rise in demand for xenon gas in semiconductors application, which in turn, is driving its demand in the consumer electronics industry. Thus, the rapid urbanisation and the growth of the consumer electronics industry in the Asia Pacific are the major factors driving the market growth. Meanwhile, in Europe, the increasing demand for non-toxic gases due to the stringent environmental regulations is supporting the regional market growth.
Xenon Gas: Market Segmentation
Xenon gas, denoted as Xe, is one of the six noble gases found in trace amounts in the Earth’s atmosphere. It is an odourless and colourless gas that does not show any chemical reaction. It is tasteless and non-toxic in nature. Xenon gas has diverse set of applications such as lamp production, filling of television and radio tubes, and as general anaesthetic, among others.
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Based on mode of supply, the market is divided into:
- Packaged
- Merchant
- On-Site
- Others
Based on end use, the industry can be segmented into:
- Aviation and Aerospace
- Healthcare
- Imaging and Lighting
- Automotive and Transportation
- Electrical and Electronics
- Construction
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Expanding Applications of Xenon Gas and the Rapid Technological Advancements to Augment the Growth of the Xenon Gas Industry
The expanding applications of xenon gas in various end use sectors is the major factor driving the growth of the industry. The increasing demand for window insulations, headlamps, lighting, and others is significantly boosting the industry growth. Besides its favourable properties, the harmless and non-toxic nature of xenon gas is responsible for its increasing demand. Further, with technological advancements, the demand for xenon gas is also increasing in applications like electronic chip manufacturing, thus, aiding the industry growth. Over the forecast period, the growing adoption of this gas in the healthcare industry, as an anaesthesia and to image the heart, brain, and other parts is expected to significantly contribute to the market growth. However, the high cost associated with its production owing to the limited availability of xenon gas may hamper the growth of the market in the forecast period.
Key Industry Players in the Global Xenon Gas Market
The report gives a detailed analysis of the following key players in the global xenon gas market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Airgas, Inc.
- Air Liquide
- Linde plc
- Praxair Technology, Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Mode of Supply, End Use, Region |
| Breakup by Mode of Supply | Packaged, Merchant, On-Site, Others |
| Breakup by End Use | Aviation and Aerospace, Healthcare, Imaging and Lighting, Automotive and Transportation, Electrical and Electronics, Construction, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Airgas, Inc., Air Liquide, Linde plc, Praxair Technology, Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Xenon Gas Market Analysis
8.1 Key Industry Highlights
8.2 Global Xenon Gas Historical Market (2018-2022)
8.3 Global Xenon Gas Market Forecast (2023-2028)
8.4 Global Xenon Gas Market by Mode of Supply
8.4.1 Packaged
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Merchant
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 On-Site
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Xenon Gas Market by End Use
8.5.1 Aviation and Aerospace
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Healthcare
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Imaging and Lighting
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Automotive and Transportation
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Electrical and Electronics
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Construction
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2022)
8.5.6.3 Forecast Trend (2023-2028)
8.5.7 Others
8.6 Global Xenon Gas Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Xenon Gas Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Xenon Gas Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Xenon Gas Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Xenon Gas Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Xenon Gas Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2013-2021)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2013-2021)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2013-2021)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2013-2021)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2022) & Forecast (2023-2028)
16.2 Europe Historical Price Trends (2018-2022) & Forecast (2023-2028)
16.3 Asia Pacific Historical Price Trends (2018-2022) & Forecast (2023-2028)
16.4 Latin America Historical Price Trends (2018-2022) & Forecast (2023-2028)
16.5 Middle East & Africa Historical Price Trends (2018-2022) & Forecast (2023-2028)
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Airgas, Inc.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Air Liquide
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Linde plc
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Praxair Technology, Inc.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Xenon Gas Market: Key Industry Highlights, 2018 and 2028
2. Global Xenon Gas Historical Market: Breakup by Distribution Channel (Million Litres), 2018-2022
3. Global Xenon Gas Market Forecast: Breakup by Distribution Channel (Million Litres), 2023-2028
4. Global Xenon Gas Historical Market: Breakup by End Use (Million Litres), 2018-2022
5. Global Xenon Gas Market Forecast: Breakup by End Use (Million Litres), 2023-2028
6. Global Xenon Gas Historical Market: Breakup by Region (Million Litres), 2018-2022
7. Global Xenon Gas Market Forecast: Breakup by Region (Million Litres), 2023-2028
8. North America Xenon Gas Historical Market: Breakup by Country (Million Litres), 2018-2022
9. North America Xenon Gas Market Forecast: Breakup by Country (Million Litres), 2023-2028
10. Europe Xenon Gas Historical Market: Breakup by Country (Million Litres), 2018-2022
11. Europe Xenon Gas Market Forecast: Breakup by Country (Million Litres), 2023-2028
12. Asia Pacific Xenon Gas Historical Market: Breakup by Country (Million Litres), 2018-2022
13. Asia Pacific Xenon Gas Market Forecast: Breakup by Country (Million Litres), 2023-2028
14. Latin America Xenon Gas Historical Market: Breakup by Country (Million Litres), 2018-2022
15. Latin America Xenon Gas Market Forecast: Breakup by Country (Million Litres), 2023-2028
16. Middle East and Africa Xenon Gas Historical Market: Breakup by Country (Million Litres), 2018-2022
17. Middle East and Africa Xenon Gas Market Forecast: Breakup by Country (Million Litres), 2023-2028
18. North America Historical Price Trends and Forecast 2018-2028
19. Europe Historical Price Trends and Forecast 2018-2028
20. Asia Pacific Historical Price Trends and Forecast 2018-2028
21. Latin America Historical Price Trends and Forecast 2018-2028
22. Middle East and Africa Historical Price Trends and Forecast 2018-2028
23. Global Xenon Gas Market Structure
Key Questions Answered in the Report
In 2020, the global xenon gas market attained a volume of 18.4 million litres.
The market is projected to grow at a CAGR of 3% between 2020 and 2026.
The major drivers of the industry, such as the stringent environmental regulations, increasing demand for efficient lighting solutions, rapid urbanisation, thriving consumer electronics industry, and growing technological advancements, are expected to aid the market growth.
The growing applications of xenon gas in the healthcare sector is the key market trend guiding the growth of the industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest share in the market.
The leading modes of supply of xenon gas in the market are packaged, merchant, and on-site, among others.
The major end use sectors in the industry are aviation and aerospace, healthcare, imaging and lighting, automotive and transportation, electrical and electronics, and construction, among others.
The major players in the industry are Airgas, Inc., Air Liquide, Linde plc, and Praxair Technology, Inc., among others.
Analyst Review
The global xenon gas market attained a volume of 18.4 million litres in 2020, driven by the rising consumer electronics industry. Aided by the technological advancements, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 3%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By mode of supply, the market is segmented into packaged, merchant, and on-site, among others. On the basis of end use, the industry is divided into aviation and aerospace, healthcare, imaging and lighting, automotive and transportation, electrical and electronics, and construction, among others. The major regional markets for xenon gas are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Airgas, Inc., Air Liquide, Linde plc, and Praxair Technology, Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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