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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