Noble Gas Market Size is forecast to reach $5.6 billion by 2025, after growing at a CAGR of 5.3% during 2020-2025. Noble Gas industry is projected to augment due to increasing adoption in industrial verticals such as lighting, welding, and space exploration, blimps and balloons and others. The demand of noble gas has been rising particularly in energy efficient lighting system and in window insulation. Noble gases have the largest ionization potential among the elements of each period, which reflects the stability of their electron configuration and is related to their relative lack of chemical reactivity.

Key Takeaways
Asia Pacific dominates the Noble Gas market owing to higher consumption across various industry verticals.  
Increasing hydrogen and nitrogen prices are expected to aid in decline of noble gas prices, providing incentives to market growth from consumption point of view. 
The market drivers and restraints have been assessed to understand their impact over the forecast period. The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. 
The other key areas of focus include the various applications in Noble Gas Market and their specific segmented revenue. 

Download Sample Report @ https://www.industryarc.com/pdfdownload.php?id=503289

Application – Segment Analysis

Cryogenics held the largest share in the Noble Gas market in 2019. Industrial cryogenics uses liquid gases such as nitrogen, carbon dioxide, helium and hydrogen are used as refrigerants to modify the physical properties of materials or to maintain temperature during process steps. Industrial cryogenic are also used in power application such as fuel cell vehicles and microelectronics. Cryogenics has transformed a number of modern industries from aerospace to coal. Cryogenics allow more reliable and cost-effective transport, processing and storage of bulk liquids and gas for applications in natural gas and fueling than ever before.

Geography - Segment Analysis
Asia Pacific dominates the Noble Gas market with a share of more than 39%, followed by North America and Europe. Asia Pacific is expected to be powered by rising aerospace industry and increasing demand in energy-efficiency applications on the market for noble gases. The other end use industry responsible for growth of noble gas in APAC is automobiles, construction, mining, and transportation. Noble gas market in North America will be experiencing a healthy growth due to the strong demand from the United States and Canada for aerospace and laser applications. 

Drivers – Noble Gas Market
Increasing demand in the Medical Industry will drive the Noble Gas market:
Noble gas has highest demand in the medical industry as they are used in the cooling of superconducting magnets in the magnetic resonance imaging (MRI) scanners. Helium has been effective in a variety of respiratory conditions, including protecting the myocardium from ischemia by various mechanisms.
 
Market Landscape: Major players in the Аіr Lіquіdе, Тhе Lіndе Grоuр, Рrахаіr, Аіr Рrоduсtѕ аnd Сhеmісаlѕ, Аіrgаѕ and others. 

About IndustryARC :
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting services.