The analysts forecast the global Rare Gases market to grow at a CAGR of 7.64% during the period 2017-2021.
Global Rare Gases Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is demand from lighting application in automotive industry. Rare gases find major use in lighting applications as they emit light upon applying an electric field. These gases such as krypton, neon, and xenon are used in lighting applications such as design lights and LEDs used in vehicles. With the number of automotive vehicles increasing during the forecast period, it is expected that the application of rare gases will increase. LEDs used in automotive vehicles such as SUVs and heavy vehicles will have high demand because of low cost and the power-saving ability of these products.
According to the report, one of the major drivers for this market is increasing demand for energy-efficient lighting and laser solutions. Rare gases are used in lighting applications as they emit light upon applying an electric field. They are used in CFLs (compact fluorescent lamps), HIDs (high-Intensity discharge lamps), and other lighting applications. Rapid advancements in technology for semiconductors have led to the emergence of LED (light emitting diode) lights, which emit light using semiconductor diodes without using any glasses.
Further, the report states that one of the major factors hindering the growth of this market is shortage of neon gas. Neon is known to emit a distinct reddish-orange glow when it is used in either high-voltage discharge tubes or low-voltage neon glow lamps or neon advertising signs.
- Air Liquide
- Air Products and Chemicals
- Messer Group
- Praxair Technology
- The Linde Group
Other prominent vendors
- Advanced Specialty Gases
- Bhuruka Gases
- Universal Industrial Gases (UIG)
- Matheson Tri-Gas
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by types
Part 07: Market segmentation by end user
Part 08: Market segmentation by transport mode
Part 09: Geographical segmentation
Part 10: Decision framework
Part 11: Drivers and challenges
Part 12: Market trends
Part 13: Vendor landscape
Part 14: Key vendor analysis
For more information about this report visit https://www.researchandmarkets.com/research/c9hzrr/global_rare_gases