DUBLIN--(BUSINESS WIRE)--The "Global Noble Gas Market - Segmented by Type and Application - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The noble gas market is expected to grow gradually during the forecast period 2018-2023. This growth is estimated due to the rising number of applications in various sectors, such as oil & gas, chemical, mining, power, energy-efficient buildings, surgery, semiconductors, aerospace, as well as steel and aluminum industries.
Noble gases have found usage in a wide range of application. They have the highest demand in the medical sector since they are involved in the cooling of superconducting magnets in the magnetic resonance imaging (MRI) scanners. Helium has been effective in a variety of respiratory conditions, including upper airway obstruction, asthma exacerbation, post-extubation strido, etc.
Helium has the largest market share in the global noble gas market, due to its abundant availability in natural air and economical cost. With limited producers, helium industry has been revamping to bring new capacity online around the world and unearth innovative new means of sourcing.
North America holds the highest market share in terms of revenue, due to the increasing demand for consumer and investment goods, especially in the United States. Moreover, the reserves in the country are declining due to a high production and consumption. It is estimated that the noble gas market in North America will witness a healthy growth, on account of the high demand from aerospace and laser applications from the United States and Canada.
- ITM Power
- Proton Gas
- TAIYO NIPPON SANSO
- PRAXAIR Inc.
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Future of the Market
8. Competitive Landscape
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/5bh3bh/global_noble_gas?w=4