Rare Gas Market on the Rise: Sales Expected to Surge with 5.2% CAGR, Projected to Reach US$ 6 Billion by 2032

The rare gas market, also known as the noble gas market, is an intriguing sector within the global commodities landscape. Comprising a group of six chemical elements, the rare gases – helium, neon, argon, krypton, xenon, and radon – exhibit unique properties that make them vital across a wide range of industries. Despite being present in minute quantities in the Earth’s atmosphere, their applications have proven invaluable, leading to a dynamic and growing market.

According to Future Market Insights (FMI), the global Rare Gas Market is expected to grow at a 5.2% CAGR, reaching US$ 6 Billion by 2032.

In the medical sector, helium gas is used in some of the most vital processes owing to its unique physical and chemical properties. Helium gas and oxygen is used to treat various diseases, including emphysema, asthma, and other respiratory diseases. It also finds applications in MRI scanners for generating images. This is anticipated to fuel sales of rare gases in the healthcare sector.

Similarly, argon is utilized as a surgical instrument in the healthcare sector. Coagulation of argon plasma is a non-contact technique that uses high-frequency stimulation of argon plasma to prevent bleeding through coagulation in surgical places.

Get ahead of the competition by accessing valuable insights from industry experts. Download our sample now and unlock the key to effective growth strategies @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14654

Moreover, growing applications in aerospace and aircraft industries are anticipated to create opportunities for rare gas market players. Xenon is used as a propellant for ion thrusters. As the number of space missions is increasing all around the world, the need for xenon gas is expected to increase.

Further, krypton is extensively used in construction industry because of its effective insulation and energy efficiency in high-end triple and double glass windows.

“Rare gas ionization provides a strong white light which is used in flashbulbs, fluorescent lamps, airport runway lights, and lasers. For brighter light, rare gas is effective for indoor light application. Growing demand for brighter light for various applications will fuel growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

Competitive Landscape

Air Gas, Air Liquide, Matheson Tri-Gas, Inc., Messer Group GmbH, American Gas Products, The Linde Group, Air Products & Chemicals, Inc., and Air Water Inc. are some of the leading players operating in the global rare gas market.

Need further insights on the report? We’re here to assist! Ask us your questions and get the clarity you require about this valuable resource@ https://www.futuremarketinsights.com/ask-question/rep-gb-14654

Key Segments Covered In Rare Gas Industry Research

By Rare Gas Type:

By Supply Mode:

By Application:

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

Future Market Insights Inc.Christiana Corporate, 200 Continental Drive,Suite 401, Newark, Delaware – 19713, USAT: +1-845-579-5705LinkedIn| Twitter| Blogs | YouTubeFor Sales Enquiries: [email protected]