Thumbnail

Europe Noble Gas Market - Segmented by Type, Application, End-user Industry, and Geography - Growth, Trends and Forecast (2020 - 2025)

Looking to buy the report?

Noble gases are chemically inert gaseous elements that make up the Group 18 of the periodic table. These gases are colorless, odorless, tasteless, and non-flammable. These properties make them suitable for industrial purposes. Noble gas includes helium, krypton, xenon, neon, argon, and radon. Helium and krypton are the two gases that are heavily used in various purposes. However, the disposal of these gases should be in the remote areas as they cause various health concerns that are very harmful for humans.

The noble gas market has received a tremendous boost on account of rising applications in niche markets, such as laser technologies, window insulations, electronics, and semiconductors and energy-efficient lighting industries. The industrial acceptance of these gases has spread into various industries, such as oil & gas, chemical, mining, power, energy-efficient buildings, surgery, semi-conductor, aerospace, and steel & aluminum. Since noble gases are inert in nature and do not react with other elements, their demand has increased in applications where oxidation or other reactions are required. The European noble gas business is at developing stage, but is expected to grow steadily over the forecast years.

In the report, the market has been segmented based on type, application, end-user industry, and region. Owing to its economic costs and abundant availability of the gas in natural air, helium has achieved the highest growth potential. Krypton and xenon are two of the most valuable products in the portfolio of the industrial gases producer. Among other applications, they are used to manufacture gas lasers and light bulbs. Krypton is also used as an insulating gas filling for double-glazed windows.

Growing Demand in the Healthcare Industry

Due to its distinct physical and chemical properties, such as low density, high thermal conductivity, and low solubility, helium has found a wide range of application for its usage. Helium has the highest demand in the medical sector since it is involved in the cooling of superconducting magnets in Magnetic Resonance Imaging (MRI) scanners. Microscopy has opened exciting new possibilities for the use of helium gas in technologically advanced fields of medicine. The rising demand of neon from the pharmaceutical sector is expected to significantly help in the growth of the noble gas market during the forecast period. This is mainly owing to the requirement of neon in the production of high-voltage indicators switching gears, lightning arresters, laser, and driving equipment. It is currently recommended by the UK National Institute of Clinical Excellence (NICE), with guidelines for use. It is also in the experimental phase for use in neurosurgery.

Helium and Argon Plasma Technology in Surgery

The plasma coagulator is used for thermal coagulation of tissues. Since helium displaces oxygen from tissue site and prevents combustion, minimal smoke plume is generated during the operation. The jet flow of gas clears the bleeding and other liquids away from the surgical field, enhancing visualization of the bleeding site, as well as eliminating electric current dissipation in the blood. Plasma coagulation has found numerous applications in interventional bronchoscopy, abdominal and laparoscopic surgery, and ENT (ear, nose, and throat) surgery.

Germany expected to Dominate the Market Growth

The market has also been geographically segmented into Germany, the United Kingdom, France, Italy, Spain, Russia, Nordic Countries, and Rest of Europe. A significant portion of the market share is being held by Germany, followed by the United Kingdom and France. The growth in the market is significant, due to the increasing demand for both consumer and investment goods. It is estimated that the noble gas markets in Europe is expected to witness healthy growth on account of the high demand from aerospace and laser applications, especially in the German region. The presence of large manufacturing industries associated with construction, healthcare, automobiles, and semiconductors is expected to be a big factor, which is expected to support the growth of the noble gas market in this region.

Key Developments

  • Jan 2018: Shell and ITM Power are expected to build the world’s largest hydrogen electrolysis plant with a peak capacity of 10MW in Rhineland site, Germany. The hydrogen that is produced is to be used for the processing and refining of products, as well as testing hydrogen technology and exploring its applications.

Major Players: Linde, Air Products, American Gas, Proton Gases, and Praxair, among others.

Reasons to Purchase this Report

  • How the merger of Praxair and Linde will affect the market
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The product type and application that are expected to dominate the market
  • Regions that are expected to witness fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players.
  • 3 months analyst support, along with the Market Estimate sheet in excel.

Customization of the Report

  • This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.

Looking to buy the report?

Need a report that reflects how COVID-19 has impacted this market and its growth?

Our clients include:

prev-arrow
next-arrow

Looking to Customize Report?

Please Enter Email ID

Please Enter Message