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Global Xenon Gas Market to Grow at a CAGR of 3% During 2021-2026, Aided by the Growing Demand from the Major End Use Sectors

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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 (2016-2026); 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 2021-2026.

 

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: Industry Definition and 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.

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:

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

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 industry based on the Porter's five forces model along with giving a SWOT analysis.

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    Industry Opportunities and Challenges
8    Global Xenon Gas Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Xenon Gas Historical Market (2016-2020) 
    8.3    Global Xenon Gas Market Forecast (2021-2026)
    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 (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Merchant
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    On-Site
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        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 (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Healthcare
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Imaging and Lighting
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Automotive and Transportation
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Electrical and Electronics
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2016-2020)
            8.5.5.3    Forecast Trend (2021-2026)
        8.5.6    Construction
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2016-2020)
            8.5.6.3    Forecast Trend (2021-2026)
        8.5.7    Others
    8.6    Global Xenon Gas Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
            9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis
    12.1    North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.2    Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.3    Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.4    Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.5    Middle East & Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
13    Competitive Landscape
    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    Airgas, Inc.
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    Air Liquide
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    Linde plc
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    Praxair Technology, Inc.
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    Others
14    Industry Events and Developments


List of Figures and Tables

1.    Global Xenon Gas Market: Key Industry Highlights, 2016 and 2026
2.    Global Xenon Gas Historical Market: Breakup by Distribution Channel (USD Billion), 2016-2020
3.    Global Xenon Gas Market Forecast: Breakup by Distribution Channel (USD Billion), 2021-2026
4.    Global Xenon Gas Historical Market: Breakup by End Use (USD Billion), 2016-2020
5.    Global Xenon Gas Market Forecast: Breakup by End Use (USD Billion), 2021-2026
6.    Global Xenon Gas Historical Market: Breakup by Region (USD Billion), 2016-2020
7.    Global Xenon Gas Market Forecast: Breakup by Region (USD Billion), 2021-2026
8.    North America Xenon Gas Historical Market: Breakup by Country (USD Billion), 2016-2020
9.    North America Xenon Gas Market Forecast: Breakup by Country (USD Billion), 2021-2026
10.    Europe Xenon Gas Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    Europe Xenon Gas Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Asia Pacific Xenon Gas Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Asia Pacific Xenon Gas Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Latin America Xenon Gas Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Latin America Xenon Gas Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Middle East and Africa Xenon Gas Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Middle East and Africa Xenon Gas Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    North America Historical Price Trends and Forecast 2016-2026
19.    Europe Historical Price Trends and Forecast 2016-2026
20.    Asia Pacific Historical Price Trends and Forecast 2016-2026
21.    Latin America Historical Price Trends and Forecast 2016-2026
22.    Middle East and Africa Historical Price Trends and Forecast 2016-2026
23.    Global Xenon Gas Market Structure

Key Questions Answered in the Report

What was the global xenon gas market size in 2020?

In 2020, the global xenon gas market attained a volume of 18.4 million litres.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 3% between 2020 and 2026.

What are the major industry drivers?

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.

What are the key industry trends of the global xenon gas market?

The growing applications of xenon gas in the healthcare sector is the key market trend guiding the growth of the industry.

What are the major regional markets of xenon gas, according to the EMR report?

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.

What are the leading modes of supply of xenon gas in the market?

The leading modes of supply of xenon gas in the market are packaged, merchant, and on-site, among others.

What are the major end use sectors in the industry?

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.

Who are the key industry players according to the report?

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 2021-2026, 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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