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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 is expected to grow at a CAGR of 3% in the forecast period of 2024-2032, driven by increasing demand for efficient lighting solutions and from the healthcare sector for imaging applications.
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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.
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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.
Based on mode of supply, the market is divided into:
- Packaged
- Merchant
- On-Site
On the basis of end-use, the market is segmented into:
- Aviation and Aerospace
- Imaging and Lighting
- Electrical and Electronics
- 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:
- 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
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.
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:
|
| Breakup by Mode of Supply |
|
| Breakup by End-use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*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 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 market, 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 leading modes of supply of xenon gas in the market are packaged, merchant, and on-site.
The major end uses in the market are aviation and aerospace, healthcare, imaging and lighting, automotive and transportation, electrical and electronics, and construction, among others.
The key players in the global xenon gas market are Airgas, Inc., Air Liquide, Linde plc, and Praxair Technology, Inc., 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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