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Xenon Gas Market

Global Xenon Gas Market Share, Size, Analysis, Forecast: 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, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

Global Xenon Gas Market Outlook

The global xenon gas market size is expected to grow at a CAGR of 3% in the forecast period of 2024-2032. The market is being driven by increasing demand for efficient lighting solutions and the rising demand for xenon gas in the healthcare sector for imaging applications.

 

Key Takeaways

  • The global production of xenon is under 1 tonne/year despite atmospheric reserves of 2 billion tonnes.
  • In 2023, Vietnam led microprocessor exports with 580,726 shipments, followed by Malaysia (54,812) and China (54,124), ranking them as the top three global exporters in this category.
  • In 2023, Germany, India, and China were the top xenon exporters, with 18,859, 15,276, and 14,604 shipments respectively, leading the global market.

 

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 a diverse set of applications such as lamp production, filling of television and radio tubes, and general anaesthetic, among others.

 

The expanding applications of xenon gas in various end-use sectors are driving the xenon gas market growth. The increasing demand for window insulations, headlamps, lighting, and others is significantly boosting the market 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 market growth.

 

Global Xenon Gas Market

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Key Trends and Developments

Expanding xenon production; technological innovations in extraction and purification; increased inter-company collaborations; and the development of innovative solutions to secure xenon supply are positively impacting the market growth

 

Date Event
Sep 6th 2023 NASA's Psyche mission, utilising xenon gas for propulsion, was launched to a metal-rich asteroid, with spacecraft ready at Kennedy Space Center.
Jun 2nd 2023 Philips collaborated with Polarean, enhancing respiratory care with Xenon MRI technology, to be featured at ISMRM 2023 in Toronto, showcasing the 3T MR 7700 system.
Jan 20th 2023 Linde opened one of the world's largest krypton and xenon production facilities in Leuna, Germany, to boost the European noble gas supply for electronics manufacturing.
Oct 27th 2022 Posco and Samsung Electronics partnered to localise xenon gas production for semiconductor wafer fabrication, aiming to reduce import reliance, signing a cooperation memorandum.

 

 

Topic Description
Expansion of xenon gas production facilities Manufacturers are expanding xenon production facilities to meet rising demand from the electronics, space, and medical sectors, enhancing output capabilities.
Rapid adoption of technological innovations Xenon producers are adopting technological innovations to streamline extraction and purification from air, increasing efficiency and lowering operational costs in ASUs.
Increasing collaborations among companies To ensure steady xenon demand and supply stability, manufacturers are forming strategic alliances with major xenon users like the semiconductor, automotive, and aerospace industries.
Exploration of innovative solutions to strengthen supply Facing xenon scarcity, manufacturers are exploring diverse supply methods, including xenon recycling and reclamation, to bolster supply and support sustainability efforts.

 

Xenon Gas Market Trends

Xenon gas is used in high-intensity discharge (HID) lamps, which are utilised in various applications such as automotive headlights, stadium lighting, and projectors. The efficiency and quality of light provided by xenon-based lighting solutions continue to drive its adoption over alternatives.

 

Over the forecast period, the growing adoption of this gas in the healthcare domain as anaesthesia and to image the heart, brain, and other parts is expected to significantly contribute to the xenon gas 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.

 

Global Xenon Gas Market By Mode Of Supply

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Market Segmentation

“Global Xenon Gas Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

 

Market Breakup Categories
Mode of Supply Packaged, Merchant, On-site
End-Use Aviation and Aerospace, Healthcare, Imaging and Lighting, Automotive and Transportation, Electrical and Electronics, Construction, Others
Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa

 

Packaged gas supply is expected to be the most preferred mode in the xenon gas market

Packaged gas is supplied in cylinders or canisters, making it suitable for customers requiring gas in smaller volumes or for specialised applications. It allows for easy transportation and use in a wide range of settings without the need for onsite production or large storage facilities.

 

Meanwhile, merchant supply involves the delivery of gases in liquid form, typically using tanker trucks, to be stored at the customer's site in liquid tanks. This mode is suitable for medium to large-volume users. On-site production involves generating the gas directly at the customer's location, which is common for gases needed in large quantities, such as oxygen, nitrogen, and hydrogen.

 

The use of xenon gas in the imaging and lighting sector is significant growing

The imaging and lighting sector occupies the largest portion of the xenon gas market share. 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 sector 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, are further propelling the xenon gas market expansion.

 

Global Xenon Gas Market By Region

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Competitive Landscape

Some of the major players are increasingly investing in technological advancements to improve their manufacturing efficiency:

 

Company Established Headquarters Specialisation
Linde plc 2018 Dublin, Ireland Industrial gases and engineering
Air Products and Chemicals, Inc. 1940 Pennsylvania, United States Chemical company, industrial gases
Air Liquide S.A. 1902 Paris, France Gases, technologies, and services for industrial and health sectors
Cryoin Engineering Ltd. 1992 Odessa, Ukraine Separation of air and manufacture of noble gases

 

Other key players in the global xenon gas market are Ingas LLC, Messer Cutting Systems GmbH, Axcel Gases, Chengdu Taiyu Industrial Gases Co., Ltd, American Gas Products, and Proton Gases (India) Pvt Ltd., among others.

 

To improve efficiency and reduce costs, xenon gas manufacturers are focusing on technological advancements in extraction and purification processes. This includes optimising the separation process from air in air separation units (ASUs) where xenon is obtained as a byproduct of oxygen and nitrogen production.

 

Xenon Gas Market Analysis by Region

The Asia Pacific is expected to dominate the global market in the coming years. There has been a rise in demand for xenon gas in semiconductor applications, which, in turn, is driving its demand in the consumer electronics sector. Thus, the rapid urbanisation and the growth of the consumer electronics sector in the Asia Pacific are the major factors driving the market growth.

 

Meanwhile, the Europe xenon gas market is being driven by the increasing demand for non-toxic gases due to stringent environmental regulations.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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
Breakup by End-use
  • Aviation and Aerospace
  • Healthcare
  • Imaging and Lighting
  • Automotive and Transportation
  • Electrical and Electronics
  • Construction
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Linde plc
  • Air Products and Chemicals, Inc.
  • Air Liquide S.A.
  • Cryoin Engineering Ltd.
  • Ingas LLC
  • Messer Cutting Systems GmbH
  • Axcel Gases
  • Chengdu Taiyu Industrial Gases Co., Ltd
  • American Gas Products
  • Proton Gases (India) Pvt. Ltd.
  • Others

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

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    Market 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 (2018-2023) 
    8.3    Global Xenon Gas Market Forecast (2024-2032)
    8.4    Global Xenon Gas Market by Mode of Supply
        8.4.1    Packaged
            8.4.1.1    Historical Trend (2018-2023) 
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Merchant
            8.4.2.1    Historical Trend (2018-2023) 
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    On-site
            8.4.3.1    Historical Trend (2018-2023) 
            8.4.3.2    Forecast Trend (2024-2032)
    8.5    Global Xenon Gas Market by End-use
        8.5.1    Aviation and Aerospace
            8.5.1.1    Historical Trend (2018-2023) 
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Healthcare
            8.5.2.1    Historical Trend (2018-2023) 
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Imaging and Lighting
            8.5.3.1    Historical Trend (2018-2023) 
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Automotive and Transportation
            8.5.4.1    Historical Trend (2018-2023) 
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Electrical and Electronics
            8.5.5.1    Historical Trend (2018-2023) 
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    Construction
            8.5.6.1    Historical Trend (2018-2023) 
            8.5.6.2    Forecast Trend (2024-2032)
        8.5.7    Others
    8.6    Global Xenon Gas Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032)
9    North America Xenon Gas Market Analysis
    9.1    Market by Mode of Supply
    9.2    Market by End-use
    9.3    Market by Country
        9.3.1    United States of America 
            9.3.1.1    Historical Trend (2018-2023) 
            9.3.1.2    Forecast Trend (2024-2032)
        9.3.2    Canada
            9.3.2.1    Historical Trend (2018-2023) 
            9.3.2.2    Forecast Trend (2024-2032)
10    Europe Xenon Gas Market Analysis
    10.1    Market by Mode of Supply
    10.2    Market by End-use
    10.3    Market by Country
        10.3.1    United Kingdom
            10.3.1.1    Historical Trend (2018-2023) 
            10.3.1.2    Forecast Trend (2024-2032)
        10.3.2    Germany
            10.3.2.1    Historical Trend (2018-2023) 
            10.3.2.2    Forecast Trend (2024-2032)
        10.3.3    France
            10.3.3.1    Historical Trend (2018-2023) 
            10.3.3.2    Forecast Trend (2024-2032)
        10.3.4    Italy
            10.3.4.1    Historical Trend (2018-2023) 
            10.3.4.2    Forecast Trend (2024-2032)
        10.3.5    Others
11    Asia Pacific Xenon Gas Market Analysis
    11.1    Market by Mode of Supply
    11.2    Market by End-use
    11.3    Market by Country
        11.3.1    China
            11.3.1.1    Historical Trend (2018-2023) 
            11.3.1.2    Forecast Trend (2024-2032)
        11.3.2    Japan
            11.3.2.1    Historical Trend (2018-2023) 
            11.3.2.2    Forecast Trend (2024-2032)
        11.3.3    India
            11.3.3.1    Historical Trend (2018-2023) 
            11.3.3.2    Forecast Trend (2024-2032)
        11.3.4    ASEAN
            11.3.4.1    Historical Trend (2018-2023) 
            11.3.4.2    Forecast Trend (2024-2032)
        11.3.5    South Korea
            11.3.5.1    Historical Trend (2018-2023) 
            11.3.5.2    Forecast Trend (2024-2032)
        11.3.6    Australia
            11.3.6.1    Historical Trend (2018-2023) 
            11.3.6.2    Forecast Trend (2024-2032)
        11.3.7    Others
12    Latin America Xenon Gas Market Analysis
    12.1    Market by Mode of Supply
    12.2    Market by End-use
    12.3    Market by Country
        12.3.1    Brazil
            12.3.1.1    Historical Trend (2018-2023) 
            12.3.1.2    Forecast Trend (2024-2032)
        12.3.2    Argentina
            12.3.2.1    Historical Trend (2018-2023) 
            12.3.2.2    Forecast Trend (2024-2032)
        12.3.3    Mexico
            12.3.3.1    Historical Trend (2018-2023) 
            12.3.3.2    Forecast Trend (2024-2032)
        12.3.4    Others
13    Middle East and Africa Xenon Gas Market Analysis
    13.1    Market by Mode of Supply
    13.2    Market by End-use
    13.3    Market by Country
        13.3.1    Saudi Arabia
            13.3.1.1    Historical Trend (2018-2023) 
            13.3.1.2    Forecast Trend (2024-2032)
        13.3.2    United Arab Emirates
            13.3.2.1    Historical Trend (2018-2023) 
            13.3.2.2    Forecast Trend (2024-2032)
        13.3.3    Nigeria
            13.3.3.1    Historical Trend (2018-2023) 
            13.3.3.2    Forecast Trend (2024-2032)
        13.3.4    South Africa
            13.3.4.1    Historical Trend (2018-2023) 
            13.3.4.2    Forecast Trend (2024-2032)
        13.3.5    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
17    Competitive Landscape

    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    Linde plc  
            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 Products and Chemicals, Inc.
            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    Air Liquide S.A.
            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    Cryoin Engineering Ltd.
            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    Ingas LLC 
            17.2.5.1    Company Overview
            17.2.5.2    Product Portfolio
            17.2.5.3    Demographic Reach and Achievements
            17.2.5.4    Certifications
        17.2.6    Messer Cutting Systems GmbH
            17.2.6.1    Company Overview
            17.2.6.2    Product Portfolio
            17.2.6.3    Demographic Reach and Achievements
            17.2.6.4    Certifications
        17.2.7    Axcel Gases 
            17.2.7.1    Company Overview
            17.2.7.2    Product Portfolio
            17.2.7.3    Demographic Reach and Achievements
            17.2.7.4    Certifications
        17.2.8    Chengdu Taiyu Industrial Gases Co., Ltd
            17.2.8.1    Company Overview
            17.2.8.2    Product Portfolio
            17.2.8.3    Demographic Reach and Achievements
            17.2.8.4    Certifications
        17.2.9    American Gas Products
            17.2.9.1    Company Overview
            17.2.9.2    Product Portfolio
            17.2.9.3    Demographic Reach and Achievements
            17.2.9.4    Certifications
        17.2.10    Proton Gases (India) Pvt. Ltd.
            17.2.10.1    Company Overview
            17.2.10.2    Product Portfolio
            17.2.10.3    Demographic Reach and Achievements
            17.2.10.4    Certifications
        17.2.11    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 2032
2.    Global Xenon Gas Historical Market: Breakup by Mode of Supply (Million Litres), 2018-2023
3.    Global Xenon Gas Market Forecast: Breakup by Mode of Supply (Million Litres), 2024-2032
4.    Global Xenon Gas Historical Market: Breakup by End-use (Million Litres), 2018-2023
5.    Global Xenon Gas Market Forecast: Breakup by End-use (Million Litres), 2024-2032
6.    Global Xenon Gas Historical Market: Breakup by Region (Million Litres), 2018-2023
7.    Global Xenon Gas Market Forecast: Breakup by Region (Million Litres), 2024-2032
8.    North America Xenon Gas Historical Market: Breakup by Country (Million Litres), 2018-2023
9.    North America Xenon Gas Market Forecast: Breakup by Country (Million Litres), 2024-2032
10.    Europe Xenon Gas Historical Market: Breakup by Country (Million Litres), 2018-2023
11.    Europe Xenon Gas Market Forecast: Breakup by Country (Million Litres), 2024-2032
12.    Asia Pacific Xenon Gas Historical Market: Breakup by Country (Million Litres), 2018-2023
13.    Asia Pacific Xenon Gas Market Forecast: Breakup by Country (Million Litres), 2024-2032
14.    Latin America Xenon Gas Historical Market: Breakup by Country (Million Litres), 2018-2023
15.    Latin America Xenon Gas Market Forecast: Breakup by Country (Million Litres), 2024-2032
16.    Middle East and Africa Xenon Gas Historical Market: Breakup by Country (Million Litres), 2018-2023
17.    Middle East and Africa Xenon Gas Market Forecast: Breakup by Country (Million Litres), 2024-2032 
18.    Global Xenon Gas Market Structure

Key Questions Answered in the Report

The market is projected to grow at a CAGR of 3% between 2024 and 2032.

The major drivers of the market include increasing demand for efficient lighting solutions, rapid urbanisation, thriving consumer electronics sector, and growing technological advancements.

The growing applications of xenon gas in the healthcare sector and the stringent environmental regulations are the key trends observed in the market.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

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

The major end-uses of xenon gas are aviation and aerospace, healthcare, imaging and lighting, automotive and transportation, electrical and electronics, and construction, among others.

The major players in the market are Linde plc, Air Products and Chemicals, Inc., Air Liquide S.A., Cryoin Engineering Ltd., Ingas LLC, Messer Cutting Systems GmbH, Axcel Gases, Chengdu Taiyu Industrial Gases Co., Ltd, American Gas Products, and Proton Gases (India) Pvt Ltd., among others.

Analyst Review

The global xenon gas market is being 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 2024-2032, 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. On the basis of end-use, the market 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 Linde plc, Air Products and Chemicals, Inc., Air Liquide S.A., Cryoin Engineering Ltd., Ingas LLC, Messer Cutting Systems GmbH, Axcel Gases, Chengdu Taiyu Industrial Gases Co., Ltd, American Gas Products, and Proton Gases (India) Pvt Ltd., 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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