China Noble Gas Market Size & Outlook, 2023-2030
China noble gas market, 2018-2030 (US$M)
Related Markets
China noble gas market highlights
- The China noble gas market generated a revenue of USD 321.4 million in 2023 and is expected to reach USD 474.4 million by 2030.
- The China market is expected to grow at a CAGR of 5.7% 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 321.4 million |
| Market revenue in 2030 | USD 474.4 million |
| Growth rate | 5.7% (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, China accounted for 11.7% 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 48.72% in 2023. Horizon Databook has segmented the China 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 China is projected to grow significantly during the forecast period owing to the bulk demand for noble gases used in electronic applications. The production of high-purity noble gases in China is carried out on a large scale owing to their surged usage in healthcare applications. These gases are also used in the country's food & beverages, electronics, and pharmaceuticals industries.
China has emerged as a global manufacturing hub. The country's manufacturing sector accounted for a share of 27.4% of the overall GDP in 2022. The transition of China from an export-led, investment-intensive growth model to an innovation- and consumption-driven model has led to the emergence of a two-track economy in the country. China's manufacturing industry is expected to flourish during the forecast period.
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Noble Gas Market Scope
Noble Gas Market Companies
| Name | Profile | # Employees | HQ | Website |
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China noble gas market size, by product, 2018-2030 (US$M)
China Noble Gas Market Outlook Share, 2023 & 2030 (US$M)
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