Europe Noble Gas Market Size & Outlook, 2023-2030
Europe noble gas market, 2018-2030 (US$M)
Related Markets
Europe noble gas market highlights
- The Europe noble gas market generated a revenue of USD 788.6 million in 2023.
- The market is expected to grow at a CAGR of 7.5% 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, Italy is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 788.6 million |
| Market revenue in 2030 | USD 1,310.1 million |
| Growth rate | 7.5% (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, Europe region accounted for 28.7% 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 47.36% in 2023. Horizon Databook has segmented the Europe noble gas market based on helium, neon, argon, krypton, xenon, other products covering the revenue growth of each sub-segment from 2018 to 2030.
Noble gas is highly required for applications such as welding and cutting, metal fabrication, and semiconductor lithography. The key market players ' strong manufacturing and distribution channels have resulted in high penetration of noble gas in Europe.
For instance, Messer Group has manufacturing plants in Belgium, France, Austria, Switzerland, Serbia, Hungary, etc. Increasing demand for noble gas in Europe is positively influencing the growth of the noble gas market in this region owing to the high rate of facility establishment, technological advancements, high disposable income, and improved standard of living of the masses.
Supportive government investments for noble gas production in Europe are projected to fuel the growth of the market for noble gas in this region 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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Europe noble gas market size, by country, 2018-2030 (US$M)
Europe Noble Gas Market Outlook Share, 2023 & 2030 (US$M)
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