Global Xenon Gas Market - Market Research Report 2015-2019

Published: Oct 2015 Pages: 75 SKU: IRTNTR7125

Market outlook of the xenon market

Xenon is commercially extracted through atmospheric air distillation while some of its compounds are sourced from certain igneous rocks and hot springs. The rising demand for LEDs is driving the growth of this market. Technavio’s market research analyst projects the global xenon market to reach a volume of 20 million liters during the forecast period.

The stringent regulatory regime and safety regulations pose a challenge for the growth of the market. Industrial gasses from production to storage, transportation and distribution, are subjected to intense regulatory scrutiny on account of the potential hazards they may cause due to leakage or accidents. For instance, OSHA and EPA specify mandates for carriage and storage of cryogenic liquids in all storage forms. Compliance with these standards has been increasing the handling cost for the vendors.

Segmentation by end user and analysis of the global xenon gas market

  • Imaging and lightning
  • Aerospace and aircraft
  • Automotive and transportation
  • Healthcare

The imaging and lightning segment dominates the global market and is expected to grow at a rate of 7% during the forecast period. The growing demand for flat panel displays mainly plasma TV’s have been seen as one of the major contributors to the growth of this segment.

Geographical segmentation and analysis of the global xenon gas market

  • APAC
  • EMEA
  • Latin America
  • North America

APAC accounts for the largest share of the xenon gas market due to the presence of manufacturing industries associated with automobiles, construction, mining, and transportation. Moreover, the region is the semiconductor powerhouse with countries like South Korea, Taiwan, Japan and China remaining as the principal suppliers of electronics and semiconductors. The research report predicts the region to reach a volume of 7287 kiloliters by the end of 2019.

Competitive landscape and key vendors

The global xenon gas market is dominated by chemical companies from Europe and the US, which have integrated distribution network and rely on their proprietary manufacturing technologies. The availability of cheap natural gas resources is propelling major vendors to install manufacturing and distribution facilities in the Middle East and emerging markets in Asia.

The top vendors in the market are -

  • Airgas
  • Air Liquide
  • Linde
  • Messer
  • Praxair
  • Iceblick

Other providers in the market include Air Water, American Gas, BASF, Core, Matheson, Tri-gas, and Proton Gas.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2019?
  • What are the key factors driving the global xenon market?
  • What are the key market trends impacting the growth of the xenon market?
  • What are the challenges to market growth?
  • Who are the key vendors in the xenon market?
  • What are the market opportunities and threats faced by the vendors in the global xenon market?
  • Trending factors influencing the market shares of APAC, EMEA, Latin America, and North America?
  • What are the key outcomes of the five forces analysis of the global xenon market?

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Key Questions Answered

  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?

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