Global Noble Gases Market to Exhibit Lackluster Expansion at 1.74% CAGR From 2013 – 2019: Transparency Market Research
By Business Wire News
By Business Wire News
New energy efficiency codes augur well for the global noble gases market but growth will be dented by price fluctuations, says Transparency Market Research in its latest publication titled “Noble Gases (Helium, Xenon, Neon, Krypton, and Argon) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019.”
The report states that the market is poised for lackluster growth – expanding from 179.2 billion liters as of 2012 to 202.2 billion liters by 2019. This translates to a 1.74% CAGR from 2013 through 2019.
By product type, the report analyzes the market for helium, neon, xenon, argon, and krypton, and finds that helium was the undisputed market leader with a 99.21% share (2012). From the rare gases category, argon and neon held a larger share of the noble gases market as compared to krypton and xenon. The lighting and window insulation sectors in Europe and North America will create considerable demand for krypton through the forecast period, the report states.
From the geographical standpoint, the global market for noble gases is classed in the report as North America, Asia Pacific, Europe, and Rest of the World. North America was the predominant regional market in 2012 with a share of 32.09% and will continue to hold a lead right till 2019 thanks to noble gases being extensively used in the healthcare and construction industry here.
TMR’s analysis states that the noble gases market—which suffered a blow in the traditional markets of North America and Europe during the global economic recession—is now tipping toward the Asia Pacific region. In Asia Pacific, an appreciable share of the noble gases market was held by China and Japan.
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Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.