Australia Noble Gas Market Size & Outlook, 2023-2030
Australia noble gas market, 2018-2030 (US$M)
Related Markets
Australia noble gas market highlights
- The Australia noble gas market generated a revenue of USD 76.9 million in 2023 and is expected to reach USD 109.0 million by 2030.
- The Australia market is expected to grow at a CAGR of 5.1% 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.
Noble gas market data book summary
| Market revenue in 2023 | USD 76.9 million |
| Market revenue in 2030 | USD 109.0 million |
| Growth rate | 5.1% (CAGR from 2023 to 2030) |
| Largest segment | Helium |
| Fastest growing segment | Argon |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Australia accounted for 2.8% of the global noble gas market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China noble gas market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 211.6 million by 2030.
Helium was the largest segment with a revenue share of 48.5% in 2023. Horizon Databook has segmented the Australia 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 increasing applications of noble gases and their surging demand in the healthcare and electronics industries are expected to boost the demand for noble gases in the coming years. The demand for highly pure noble gases is on the rise in the country owing to the increased healthcare spending by the Australian government.
Helium is expected to keep leading the noble gas market in Australia during the forecast period as well due to a surge in demand for helium gas from the construction and electronics industries of the country.
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Noble Gas Market Scope
Noble Gas Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia noble gas market size, by product, 2018-2030 (US$M)
Australia Noble Gas Market Outlook Share, 2023 & 2030 (US$M)
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