Rare Gas Market Overview: The Rare Gas market research provides a full competition picture, including market share and company profiles of the major players in the worldwide industry. The scope of the research covers a complete examination of the Rare Gas Market, as well as the causes for variances in the industry's growth in different areas.
Market Scope: To locate and collect material appropriate for this study, this research study makes considerable use of secondary sources, directories, and databases such as annual reports, press releases, journals, corporate websites, and databases.
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Segmentation:
Based on type, argon gas holds a sizable market share, largely because metal manufacturing operations extensively use it as a protective gas. By keeping air out, argon shields rare metals from the development of oxides and nitrides. Argon, Nitrogen, and Carbon Monoxide are used in the manufacture of aluminum to speed up degassing and remove hydrogen and solid impurities from molten aluminum. Through the anticipated period, the market for argon gas is anticipated to increase by US$ 5.13 billion at a CAGR of 5%.
On the other hand, neon gas mostly produces excimer lasers. The main method for producing integrated circuits and annealing polysilicon wafers for semiconductor and flat panel display applications is photolithography, which employs these laser applications. CAGR of 7.1%
by Type
• Helium
• Krypton
• Argon
• Neon
• Xenon
• Radioactive Radon
by Application
• Picture Projection
• Anesthetic
• Welding
• Insulation
• Lighting
• Television Tubes
• Advertising
• Refrigerant
• Working Fluid
• Chemical Analysis
• Others
by End User
• Healthcare
• Electronics
• Aerospace
• Construction
• Energy & Power
• Others
by Distribution Channel
• Bulk
Key Players: The entire approach involves a review of the financial reports of the major market participants. Following the determination of the overall market size, the complete market was divided into many segments and sub-segments and checked with key industry professionals such as CEOs, VPs, directors, and marketing executives. The major players in the Rare Gas market are.
• Air Liquide
• Air Product Inc.
• Linde Group plc.
• Praxair Technology Inc.
• Matheson Tri-Gas Inc
• Noble Gas Solution
• Cryoin Engineering
• BASF
• Messer Group
• Taiyo Nippon Sanso
• Airgas
• Iwantani
• Iceblick Ltd
• Advance Specialty Gases Inc
Regional Analysis: The region portion of the Rare Gas market study also includes individual market affecting elements and changes in legislation in the market that affect present and future market trends. Current and future trends are discussed in order to estimate the entire market potential and to highlight profitable trends in order to obtain a firmer footing. Geographic market assessment is based on the existing scenario and predicted developments.
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COVID-19 Impact Analysis on Rare Gas Market:
Following the outbreak of the pandemic, end-user sectors where Rare Gas are used had a fall in growth from January to May in a variety of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a suspension in operations. This resulted in a major decrease in the revenues of firms operating in these industries and, as a consequence, in demand for Rare Gas manufacturers, influencing the growth of the Rare Gas market in 2020. With lockdowns and a rising number of COVID-19 cases throughout the world, the demand for Rare Gas from end-user businesses has decreased significantly.
Key Questions answered in the Rare Gas Market Report are:
- Which are the major companies in the Rare Gas market?
- Which is the potential market for Rare Gas in terms of the region?
- What are the opportunities for new market entrants?
- What is expected to drive the growth of the market in the next seven years?
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