Transparency Market Research in its new report titled, “Xenon Gas Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026,” provides key insights on the xenon gas market. The new report anticipates rise in demand from the lighting solutions and insulations industries to propel the xenon gas market growth during the forecast period i.e, 2017-2025.
Xenon does not react to heat. Therefore, it is ideal for use in lighting solutions. The report also anticipates that the increasing demand for insulated widows in the commercial and industrial space will boost the xenon gas market. The growing health concerns due to the reactivity of the other gases like hydrogen, carbon, sulfur, etc is anticipated the fuel the demand for xenon gas. The amount of xenon gas present in the atmosphere is limited, and the demand for it is rising rapidly. The market for xenon gas is niche, and the number of suppliers in this market is less. Therefore, the cost of the gas is high. This is likely to hamper the xenon gas market. The replacement of xenon gas with LED lights is a major threat for the xenon gas market.
The report has segmented the xenon gas market in terms of end-use industry into manufacturing processes, automotive & transportation, electrical & electronics, aerospace & aircraft, construction, health care, etc. Out of these, in the automotive & transportation industry, xenon gas is mainly used in headlamps and tail lamps and is also used for laser cutting of materials. In the aerospace & aircraft industry, xenon gas is used in lighting and as fuel for electric propulsion systems for space crafts. In the electrical & electronics industry, xenon gas is mostly used for electronic chip manufacturing. And, in the health care industry, xenon is mostly used as a medical anesthetic and for laser treatments.
In terms of mode of supply, the report has segregated the xenon gas market into cylinders, tonnage, and bulk supply. Xenon gas is packaged into cylinders with pressure of up to 300 bar. The cylinders are made up of steel or aluminum with high strength to avoid leakage and enable them to withstand high pressure. For customers who need large amounts of xenon, the gas can be transported with the help of tonnage at the site or at the air separation plant. Xenon gas is supplied in bulk at the sites. It is in compressed liquid form. After releasing pressure, it again turns into gaseous form.
On the basis of regional perspective, the global xenon gas market is split into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Out of these, Asia Pacific is predicted to drive the global xenon gas market owing to the increasing demand from the aerospace industry and energy efficient applications. Also, the xenon gas market in North America and Europe is anticipated to expand at a rapid pace during the forecast period due to rise in xenon gases consumption in laser and aerospace applications. The xenon gas market in Latin America and Middle East & Africa is estimated to expand at a sluggish pace during the forecast period, as the aerospace and other industries are underdeveloped in these regions.
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