Summary
MEA Market for Noble Gas Segmented by Application , Techniques , Origin , Ingredients and Geography ( 2017-2022 ). The global acceptance of noble gases has been seen in various fields such as oil & gas , chemical , mining , power , energy efficient buildings , surgery , semi-conductors , aerospace , steel and aluminum industries .
Description
The MEA Noble Gas Market has been estimated at USD XXX . XX million in 2015 and is projected to reach USD XXX . XX million by 2020 , at a CAGR of XX . XX % during the forecast period ( 2017 - 2022 ).
The noble gas includes gases like helium , krypton , xenon , neon , argon and radon . Helium and krypton are the two gases heavily used in various purposes . These gases are colorless , odorless , tasteless and non-flammable . These properties make them suitable for industrial 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 especially .
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The global acceptance of noble gases has been seen in various fields such as oil & gas , chemical , mining , power , energy efficient buildings , surgery , semi-conductors , aerospace , steel and aluminum industries , among others . The MEA noble gas business is in developing stage , however , is expected to grow at slower rate over the following years , with an estimated CAGR of XX % in the next few years . The challenging growth in this market is largely due to the evolution of various alternative technologies and demand in manufacturing industry , increasing need for electronic products , and growing energy demands .
The significant market share is being held by Saudi Arabia and South Africa followed by others with increasing demand . The market has also been geographically segmented by Saudi Arabia , South Africa , Qatar , UAE , Kuwait , Algeria , Morocco and Rest of MEA . The industrial growth in the market is significant due to the increasing demand for both consumer and investment goods , especially in the Saudi Arabia region as most of the economies are developing in nature .
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The company profile of the various industrial and noble gas companies have been discussed in the study . These include Ellenbarrie Industrial Gases Ltd ., Praxair , Air Liquide , Air Gas , Messer , Linde , Air Products , American Gas , BASF , Buzwair , Core Gas , Gazprom , Gulf Cryo , Proton Gas , Ras Gas , and Taiyo Nippon Sanso .
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