What is Xenon Gas Market?
Xenon is defined as the trace gas which is obtained from the earth’s atmosphere. It is a colorless, odorless as well as non-reactive noble gas. It is used in various applications such as illumination and optics, medical, NMR spectroscopy and others. Xenon is also known as stranger gas. Growing demand for insulated widows in the commercial, as well as industrial space boosts, is likely to be a prime driver for the global Xenon Gas market.
The market study is being classified by Type (Pure Gas and Gas Mixtures), by Application (Gas Discharge Lamp, Lasers and Others) and major geographies with country level break-up.
Air Liquide S.A. (France), Airgas (United States), Linde Plc (United States), BASF SE (Germany), The Messer Group GmbH (Germany), Praxair, Inc. (United States), Air Water Inc. (Japan), The American Gas Association (United States), Core Gas (India) and Iceblick (Ukraine) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Matheson Tri-Gas, Inc. (United States) and Proton Gas (India).
The market is highly fragmented with the presence of local and regional players operating in the market. Various players operating in the market such as Air Liquide S.A. (France), Airgas (United States), Linde Plc (United States), The Messer Group GmbH (Germany), among others. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Xenon Gas market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Xenon Gas market by Type, Application and Region.
On the basis of geography, the market of Xenon Gas has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Demand from the Lighting Solutions and Insulations Industries
- Increasing Usage of Xenon Gas in Various Applications
Market Trend
- Technology Advancement regarding Xenon Gas
Restraints
- Stringent Rules as well as Regulation
Opportunities
- Growing Demand from Emerging Market such as China and India
Challenges
- Issue related to High Cost Associated with the Production of Xenon Gas
In 2018, the Air Liquide (France) Company has signed Xenon and Krypton supply agreements for semiconductor and satellite markets. Hence, this agreement will enhance market growth.
Key Target Audience
Manufacturers of Xenon Gas, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others