Asia Pacific Noble Gas Market Size & Outlook, 2023-2030
Asia Pacific noble gas market, 2018-2030 (US$M)
Related Markets
Asia Pacific noble gas market highlights
- The Asia Pacific noble gas market generated a revenue of USD 898.5 million in 2023.
- The market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, helium was the largest revenue generating product in 2023.
- Argon is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 898.5 million |
| Market revenue in 2030 | USD 1,282.3 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Helium |
| Fastest growing segment | Argon |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Helium, Neon, Argon, Krypton, Xenon, Other Products |
| Key market players worldwide | Air Liquide SA, Air Products & Chemicals Inc, Basf SE, Linde PLC, Nippon Sanso Holdings Corp, Northrop Grumman Corp, Iwatani Corp, Resonac Holdings Corp |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 32.7% of the global noble gas market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 1,310.1 million by 2030.
Helium was the largest segment with a revenue share of 47.05% in 2023. Horizon Databook has segmented the Asia Pacific noble gas market based on helium, neon, argon, krypton, xenon, other products covering the revenue growth of each sub-segment from 2018 to 2030.
The noble gas market in Asia Pacific is the largest regional market in the world. This is due to the region's flourishing healthcare, electronics, manufacturing, and pharmaceutical industries, which are the key consumers of noble gases.
Massive investments for developing new techniques and increasing adoption of new production technologies, equipment, etc., in the Asia Pacific are anticipated to surge the demand for noble gases in the region.
Initiatives undertaken by governments of different countries of Asia Pacific to strengthen their manufacturing and electronics industries in the form of subsidies, trade promotion, supportive policies, and increasing foreign investments are expected to expand product demand over the forecast period.
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Noble Gas Market Scope
Noble Gas Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific noble gas market size, by country, 2018-2030 (US$M)
Asia Pacific Noble Gas Market Outlook Share, 2023 & 2030 (US$M)
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