Xenon Gas - Global Market Trajectory & Analytics

Global Xenon Gas Market to Reach 22.1 Million Liters by 2027

Amid the COVID-19 crisis, the global market for Xenon Gas estimated at 17.5 Million Liters in the year 2020, is projected to reach a revised size of 22.1 Million Liters by 2027, growing at a CAGR of 3.4% over the analysis period 2020-2027. Packaged, one of the segments analyzed in the report, is projected to record a 3.1% CAGR and reach 12.1 Million Liters by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Merchant segment is readjusted to a revised 3.6% CAGR for the next 7-year period.

The U. S. Market is Estimated at 4.7 Million Liters, While China is Forecast to Grow at 6.2% CAGR

The Xenon Gas market in the U. S. is estimated at 4.7 Million Liters in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 4.6 Million Liters by the year 2027 trailing a CAGR of 6.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 2.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR.

On-Site Segment to Record 4% CAGR

In the global On-Site segment, USA, Canada, Japan, China and Europe will drive the 3.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of 3 Million Liters in the year 2020 will reach a projected size of 3.9 Million Liters by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 3.1 Million Liters by the year 2027, while Latin America will expand at a 5% CAGR through the analysis period. We bring years of research experience to this 7th edition of our report. The 289-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

• Air Liquide SA
• Air Water, Inc.
• Airgas, Inc.
• American Gas & Chemical Co., Ltd.
• BASF SE
• Core Gas
• Linde AG
• Matheson Tri-Gas, Inc.
• Messer Group GmbH
• Praxair, Inc.