Brazil Noble Gas Market Size & Outlook, 2023-2030
Brazil noble gas market, 2018-2030 (US$M)
Related Markets
Brazil noble gas market highlights
- The Brazil noble gas market generated a revenue of USD 59.6 million in 2023 and is expected to reach USD 89.9 million by 2030.
- The Brazil market is expected to grow at a CAGR of 6.1% 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 59.6 million |
| Market revenue in 2030 | USD 89.9 million |
| Growth rate | 6.1% (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, Brazil accounted for 2.2% 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 Latin America, Brazil noble gas market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 89.9 million by 2030.
Helium was the largest segment with a revenue share of 45.81% in 2023. Horizon Databook has segmented the Brazil noble gas market based on helium, neon, argon, krypton, xenon, other products covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is the largest Central & South America region and is a part of BRICS, the five major emerging economies. Industrial development across the country has provided new applications in electronics and steel melting industries for the noble gas market. Supportive government investments in domestic manufacturing and the adoption of new equipment technology are expected to drive the market over the forecast period.
Noble gases are primarily used in the Brazilian medical industry as respiratory stimulants and to enlarge body cavities to perform surgical operations such as endoscopy. The healthcare application segment accounted for the largest market share in Brazil on account of the expanding healthcare sector in the country.
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Noble Gas Market Scope
Noble Gas Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil noble gas market size, by product, 2018-2030 (US$M)
Brazil Noble Gas Market Outlook Share, 2023 & 2030 (US$M)
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