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Xenon Gas Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 141 Pages
  • June 2023
  • Region: Global
  • IMARC Group
  • ID: 5642421

Quick Summary:

In an ever-innovating world, the global xenon gas market is making significant strides across various industries due to its versatile properties and applications. Predominantly utilized in the creation of a wide range of lamps, the production of television and radio tubes, as well as an array of medical treatments such as regenerative therapy, xenon gas serves as an essential tool across diverse sectors. Its increasing demand is further fortified by its necessity in the production of devices designed to detect radiation, making it a critical component in an array of applications.

The driving factors behind the expanding global xenon gas market create a compelling reason for investment. Xenon gas's light-enhancing properties for photographic flash lamps, high-intensity arc-lamps, and vehicle headlights offer better illumination compared to conventional methods, solidifying its necessity across industries. Furthermore, xenon's versatility extends into technological fields where it aids in plating silicon microprocessors and the production of helium-neon lasers found in barcode scanners. Beyond its industrial applications, xenon's ecological cleanliness and non-toxic nature render it optimal for medical use. Delving into this comprehensive market report offers investors, stakeholders, researchers, and entrepreneurs invaluable insights into the thriving global xenon gas market.

The global xenon gas market size reached US$ 258.7 Million in 2022. Looking forward, the publisher expects the market to reach US$ 369.1 Million by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2023-2028.

Xenon, denoted as Xe, is a noble or inert gas which is odourless, colourless and tasteless and does not have any chemical reaction. It first came into recognition in the late 1800s and was categorised among the six noble gases. Xenon is mainly used for the production of lamps, filling television and radio tubes, as general anaesthetic and for research purposes. Xenon gas is also utilised for making devices which are meant to detect radiation. This gas has many pharmaceutical purposes which include the treatment of brain diseases, lung problems, problem of stress, depression etc. Xenon gas is considered to be a successful means for regenerative and rehabilitation therapy and is beneficial for increasing the working capacity of patients.

Global Xenon Gas Market Drivers
  • Xenon gas provides a better option in the field of lighting and insulation which proves to be a major factor catalysing its demand. There is a wide variety of lamps that use xenon gas on a regular basis such as photographic flash lamps, high-intensive arc-lamps, bactericidal lamps, etc. These lamps offer better illumination as compared to conventional methods of lighting. Apart from this, xenon gas is also useful for giving a soft blue glow in the headlights of vehicles.
  • Xenon has been gaining popularity among numerous end-use industries owing to its multidimensional utility. It is used for plating the silicon microprocessors as well as for the production of a specific drug which is useful for treating cancer. Additionally, xenon gas is beneficial in the production of helium-neon lasers which are used in barcode scanners. These characteristics and benefits of xenon gas have been contributing to its propelling demand across the globe.
  • With continuous technological developments, the demand of barcode-scanners and laser operated sensors has been increasing which are manufactured by using xenon gas.
  • Xenon is a non-reactive gas and is considered to be absolutely safe and harmless when used in remedial drug or in the form of an anaesthetic. Xenon gas is ecologically clean and absolutely non-toxic in nature on account of which it is primarily used in the treatment of various brain diseases.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global xenon gas market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on distribution channel and end-user.

Breakup by Distribution Channel:

  • Packaged
  • Merchant
  • On-Site
Currently, packaged (compressed in metal cylinder for customers) dominates the market, holding the largest share.

Breakup by End-User:

  • Imaging and Lighting
  • Automotive and Transportation
  • Aviation and Aerospace
  • Healthcare
  • Others
On the basis of end-user, imaging and lighting represents the largest segment.

Breakup by Region:

  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America
Amongst these, Asia Pacific is the biggest market, accounting for the majority of the market share.

Competitive Landscape:

The competitive landscape of the market has also been examined with some of the key players being Airgas, Air Liquide, Linde, Messer, Praxair, Air Water, American Gas, BASF, Core Gas, Matheson Tri-Gas and Proton Gas.

This report provides a deep insight into the global xenon gas market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the xenon gas industry in any manner.

Key Questions Answered in This Report:

  • How has the global xenon gas market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global xenon gas market?
  • What are the key regions in the global xenon gas market?
  • What are the major distribution channels in the global xenon gas market?
  • What are the key end-user segments in the global xenon gas market?
  • What are the various stages in the value chain of the global xenon gas industry?
  • What are the key driving factors and challenges in the global xenon gas industry?
  • What is the structure of the global xenon gas industry and who are the key players?
  • What is the degree of competition in the global xenon gas industry?
  • How is xenon gas produced?
Frequently Asked Questions about the Global Xenon Gas Market

What is the estimated value of the Global Xenon Gas Market?

The Global Xenon Gas Market was estimated to be valued at $258.7 Million in 2022.

What is the growth rate of the Global Xenon Gas Market?

The growth rate of the Global Xenon Gas Market is 6.1%, with an estimated value of $369.1 Million by 2028.

What is the forecasted size of the Global Xenon Gas Market?

The Global Xenon Gas Market is estimated to be worth $369.1 Million by 2028.

Who are the key companies in the Global Xenon Gas Market?

Key companies in the Global Xenon Gas Market include Airgas, Air Liquide, Linde, Messer, Praxair, Air Water, American Gas, BASF, Core Gas and Matheson Tri.

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Properties
4.3 Key Industry Trends
5 Global Xenon Gas Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Distribution Channel
5.5 Market Breakup by End-User
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.10 Porters Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
5.11 Price Analysis
5.11.1 Key Price Indicators
5.11.2 Price Trends
5.11.3 Margin Analysis
6 Market Breakup by Distribution Channel
6.1 Packaged
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Merchant
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 On-Site
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by End-User
7.1 Imaging and Lighting
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Automotive and Transportation
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Aviation and Aerospace
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Healthcare
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Region
8.1 Asia Pacific
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 North America
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Europe
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Middle East and Africa
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Latin America
8.5.1 Market Trends
8.5.2 Market Forecast
9 Xenon Gas Production
9.1 Product Overview
9.2 Raw Material Requirements
9.3 Production
9.4 Key Success and Risk Factors
10 Competitive Landscape
10.1 Market Structure
10.2 Key Players
10.3 Profiles of Key Players
10.3.1 Airgas
10.3.2 Air Liquide
10.3.3 Linde
10.3.4 Messer
10.3.5 Praxair
10.3.6 Air Water
10.3.7 American Gas
10.3.8 BASF
10.3.9 Core Gas
10.3.10 Matheson Tri-Gas
10.3.11 Proton Gas
List of Figures
Figure 1: Global: Xenon Gas Market: Major Drivers and Challenges
Figure 2: Global: Xenon Gas Market: Volume Trends (in Million Liters), 2017-2022
Figure 3: Global: Xenon Gas Market: Value Trends (in Million US$), 2017-2022
Figure 4: Global: Xenon Gas Market: Breakup by Distribution Channel (in %), 2022
Figure 5: Global: Xenon Gas Market: Breakup by End-User (in %), 2022
Figure 6: Global: Xenon Gas Market: Breakup by Region (in %), 2022
Figure 7: Global: Xenon Gas Market Forecast: Volume Trends (in Million Liters), 2023-2028
Figure 8: Global: Xenon Gas Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 9: Global: Xenon Gas Industry: SWOT Analysis
Figure 10: Global: Xenon Gas Industry: Value Chain Analysis
Figure 11: Global: Xenon Gas Industry: Porter’s Five Forces Analysis
Figure 12: Global: Xenon Gas Market: Packaged (in Million Liters), 2017 & 2022
Figure 13: Global: Xenon Gas Market Forecast: Packaged (in Million Liters), 2023-2028
Figure 14: Global: Xenon Gas Market: Merchant Sales (in Million Liters), 2017 & 2022
Figure 15: Global: Xenon Gas Market Forecast: Merchant Sales (in Million Liters), 2023-2028
Figure 16: Global: Xenon Gas Market: On-Site Sales (in Million Liters), 2017 & 2022
Figure 17: Global: Xenon Gas Market Forecast: On-Site Sales (in Million Liters), 2023-2028
Figure 18: Global: Xenon Gas (Imaging and Lighting Sector) Market: Volume Trends (in Million Liters), 2017 & 2022
Figure 19: Global: Xenon Gas (Imaging and Lighting Sector) Market Forecast: Volume Trends (in Million Liters), 2023-2028
Figure 20: Global: Xenon Gas (Automotive and Transportation Sector) Market: Volume Trends (in Million Liters), 2017 & 2022
Figure 21: Global: Xenon Gas (Automotive and Transportation Sector) Market Forecast: Volume Trends (in Million Liters), 2023-2028
Figure 22: Global: Xenon Gas (Aviation and Aerospace Sector) Market: Volume Trends (in Million Liters), 2017 & 2022
Figure 23: Global: Xenon Gas (Aviation and Aerospace Sector) Market Forecast: Volume Trends (in Million Liters), 2023-2028
Figure 24: Global: Xenon Gas (Healthcare Sector) Market: Volume Trends (in Million Liters), 2017 & 2022
Figure 25: Global: Xenon Gas (Healthcare Sector) Market Forecast: Volume Trends (in Million Liters), 2023-2028
Figure 26: Global: Xenon Gas (Other End-Users) Market: Volume Trends (in Million Liters), 2017 & 2022
Figure 27: Global: Xenon Gas (Other End-Users) Market Forecast: Volume Trends (in Million Liters), 2023-2028
Figure 28: Asia Pacific: Xenon Gas Market: Volume Trends (in Million Liters), 2017 & 2022
Figure 29: Asia Pacific: Xenon Gas Market Forecast: Volume Trends (in Million Liters), 2023-2028
Figure 30: North America: Xenon Gas Market: Volume Trends (in Million Liters), 2017 & 2022
Figure 31: North America: Xenon Gas Market Forecast: Volume Trends (in Million Liters), 2023-2028
Figure 32: Europe: Xenon Gas Market: Volume Trends (in Million Liters), 2017 & 2022
Figure 33: Europe: Xenon Gas Market Forecast: Volume Trends (in Million Liters), 2023-2028
Figure 34: Middle East and Africa: Xenon Gas Market: Volume Trends (in Million Liters), 2017 & 2022
Figure 35: Middle East and Africa: Xenon Gas Market Forecast: Volume Trends (in Million Liters), 2023-2028
Figure 36: Latin America: Xenon Gas Market: Volume Trends (in Million Liters), 2017 & 2022
Figure 37: Latin America: Xenon Gas Market Forecast: Volume Trends (in Million Liters), 2023-2028
Figure 38: Xenon Gas Production: Detailed Process Flow
List of Tables
Table 1: Xenon Gas: General Properties
Table 2: Global: Xenon Gas Market: Key Industry Highlights, 2022 and 2028
Table 3: Global: Xenon Gas Market Forecast: Breakup by Distribution Channel (in Million Liters), 2023-2028
Table 4: Global: Xenon Gas Market Forecast: Breakup by End-User (in Million Liters), 2023-2028
Table 5: Global: Xenon Gas Market Forecast: Breakup by Region (in Million Liters), 2023-2028
Table 6: Xenon Gas: Raw Material Requirements
Table 7: Global: Xenon Gas Market: Competitive Structure
Table 8: Global: Xenon Gas Market: Key Players

Companies Mentioned

  • Airgas
  • Air Liquide
  • Linde
  • Messer
  • Praxair
  • Air Water
  • American Gas
  • BASF
  • Core Gas
  • Matheson Tri-Gas
  • Proton Gas

Methodology

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