The rare gases market size has the potential to grow by USD 120.36 million during 2020-2024, and the market's growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by end-user (electronics, construction, healthcare, and automobile and aerospace) and geography (APAC, Europe, North America, South America, and MEA). Also, the report analyzes the market's competitive landscape and offers information on several market vendors, including Air Products and Chemicals Inc., Bhuruka Gases Ltd., Iwatani Corp., L Air Liquide SA, Linde plc, Messer Group GmbH, Mitsubishi Chemical Holdings Corp., Noble Gas Solutions, Proton Gases (India) Pvt. Ltd., and Universal Industrial Gases Inc.
Market Overview
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Market Competitive Analysis
The market is fragmented. Air Products and Chemicals Inc., Bhuruka Gases Ltd., Iwatani Corp., L Air Liquide SA, Linde plc, Messer Group GmbH, Mitsubishi Chemical Holdings Corp., Noble Gas Solutions, Proton Gases (India) Pvt. Ltd., and Universal Industrial Gases Inc. are some of the major market participants. Factors such as the rising demand for energy-efficient lighting and laser solutions will offer immense growth opportunities. However, challenges such as high dependence on accurate gas distribution systems and gas handling systems, stringent safety legislation, and shortage of neon gas may impede market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this rare gases market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and offers information on the products offered by various companies. Moreover, this rare gases market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- Air Products and Chemicals Inc.
- Bhuruka Gases Ltd.
- Iwatani Corp.
- L Air Liquide SA
- Linde plc
- Messer Group GmbH
- Mitsubishi Chemical Holdings Corp.
- Noble Gas Solutions
- Proton Gases (India) Pvt. Ltd.
- Universal Industrial Gases Inc.
Rare Gases Market: Segmentation by Geography
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The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. APAC will offer several growth opportunities to market vendors during the forecast period. The booming pharmaceutical and healthcare industry will significantly influence rare gases market's growth in this region.
49% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for rare gases in APAC. This report provides an accurate prediction of the contribution of all segments to the growth of the rare gases market size.
Rare Gases Market: Key Highlights of the Report for 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will rare gases market growth during the next five years
- Precise estimation of the rare gases market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the rare gases industry across APAC, Europe, North America, South America, and MEA
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of rare gases market vendors
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Rare Gases Market Scope
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Report Coverage
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Details
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Page number
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120
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Base year
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2019
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Forecast period
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2020-2024
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Growth momentum & CAGR
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Accelerate at a CAGR of 6%
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Market growth 2020-2024
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$ 120.36 million
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Market structure
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Fragmented
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YoY growth (%)
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3.32
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Regional analysis
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APAC, Europe, North America, South America, and MEA
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Performing market contribution
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APAC at 49%
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Key consumer countries
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US, China, Germany, Japan, UK, and Canada
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Competitive landscape
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Leading companies, competitive strategies, consumer engagement scope
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Companies profiled
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Air Products and Chemicals Inc., Bhuruka Gases Ltd., Iwatani Corp., L Air Liquide SA, Linde plc, Messer Group GmbH, Mitsubishi Chemical Holdings Corp., Noble Gas Solutions, Proton Gases (India) Pvt. Ltd., and Universal Industrial Gases Inc.
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Market Dynamics
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Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
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Customization purview
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If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
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