Global Rare Gases Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Neon, Krypton, and Xenon.

By End-Use;

Manufacturing and Construction, Electronics, Automotive and Transportation Equipment, and Health Care.

By Transportation Mode;

Cylinders & Liquid Containers, Tonnage Distribution, and Bulk and Micro Bulk Delivery.

By Function;

Illumination, Insulation, Scanning, Anaesthesia, Semiconductors, Satellites, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn538084997 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Rare Gases Market (USD Million), 2021 - 2031

In the year 2024, the Global Rare Gases Market was valued at USD 4,028.55 million. The size of this market is expected to increase to USD 5,899.25 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.6%.

Rare gases, also known as noble gases, are a group of chemical elements that include helium, neon, argon, krypton, xenon, and radon. These gases are characterized by their low reactivity and are found in trace amounts in the atmosphere or extracted from natural gas deposits. Despite their rarity, these gases have a wide range of applications across various industries due to their unique chemical properties.

The Global Rare Gases Market encompasses the production, distribution, and application of these gases in industries such as healthcare, electronics, energy, aerospace, and lighting. Helium, for instance, is used in medical imaging, leak detection, and scientific research, while argon is used in welding, metal fabrication, and as an inert gas in food packaging. Neon is known for its vibrant use in lighting and signage, while xenon and krypton are used in high-performance lighting, such as automotive headlights and imaging devices.

Key drivers of the global rare gases market include the increasing demand for these gases in emerging technologies such as quantum computing, semiconductors, and space exploration. Additionally, their use in healthcare for MRI machines and other medical applications continues to fuel market growth. As industries worldwide seek more sustainable and efficient solutions, rare gases offer unique opportunities to enhance performance and energy efficiency.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By End-Use
    3. Market Snapshot, By Transportation Mode
    4. Market Snapshot, By Function
    5. Market Snapshot, By Region
  4. Global Rare Gases Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing demand for rare gases in the healthcare industry
        2. Growth of the electronics and semiconductor industries
        3. Rising use of rare gases in lighting and signage applications
        4. Expansion of aerospace and satellite technologies
        5. Growing demand for energy-efficient windows and insulation
      2. Restraints
        1. Complex transportation and storage requirements
        2. Supply chain disruptions
        3. Lack of infrastructure
      3. Opportunities
        1. Development of new applications for rare gases
        2. Innovations in recycling and purification of rare gases
        3. Rising demand for quantum computing
        4. Increased use of rare gases in medical diagnostic and imaging equipment
        5. Potential for rare gases in next-generation lighting technologies
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Rare Gases Market, By Type, 2021 - 2031 (USD Million)
      1. Neon
      2. Krypton
      3. Xenon
    2. Global Rare Gases Market, By End-Use, 2021 - 2031 (USD Million)
      1. Manufacturing and Construction
      2. Electronics
      3. Automotive and Transportation Equipment
      4. Health Care
    3. Global Rare Gases Market, By Transportation Mode, 2021 - 2031 (USD Million)
      1. Cylinders & Liquid Containers
      2. Tonnage Distribution
      3. Bulk and Micro Bulk Delivery
    4. Global Rare Gases Market, By Function, 2021 - 2031 (USD Million)
      1. Illumination
      2. Insulation
      3. Scanning
      4. Anaesthesia
      5. Semiconductors
      6. Satellites
      7. Others
    5. Global Rare Gases Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Air Products Inc., (U.S)
      2. Linde Plc (Germany)
      3. Air Liquide (France)
      4. Ellenbarrie Industrial Gases (India)
      5. Praxair Technology, Inc., (U.S)
      6. TAIYO NIPPON SANSO CORPORATION, (Japan)
      7. AIMS INDUSTRIES PRIVATE LIMITED (India)
      8. scicalgas (U.S)
      9. SOL Group (Italy)
      10. Atlas Copco AB (Sweden)
      11. Zaburitz Pearl Energy Co., Ltd., (Myanmar)
      12. Rotarex (Luxembourg)
      13. Messer Group GmbH (Germany)
      14. Amico Group, (UAE)
      15. GCE Group (Sweden)
  7. Analyst Views
  8. Future Outlook of the Market