Germany Noble Gas Market Size & Outlook, 2023-2030
Germany noble gas market, 2018-2030 (US$M)
Related Markets
Germany noble gas market highlights
- The Germany noble gas market generated a revenue of USD 165.0 million in 2023 and is expected to reach USD 264.9 million by 2030.
- The Germany market is expected to grow at a CAGR of 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 165.0 million |
| Market revenue in 2030 | USD 264.9 million |
| Growth rate | 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, Germany accounted for 6.0% 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 Europe, Russia noble gas market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 197.5 million by 2030.
Helium was the largest segment with a revenue share of 46.55% in 2023. Horizon Databook has segmented the Germany noble gas market based on helium, neon, argon, krypton, xenon, other products covering the revenue growth of each sub-segment from 2018 to 2030.
Initiatives undertaken by the Government of Germany, including offering subsidies, increasing foreign investments, promoting trade, and formulating supportive policies to strengthen its manufacturing industry, are projected to augment the product demand in the country over the forecast period.
An increasing number of automobile manufacturing plants in Germany is anticipated to contribute to the country's surged consumption of noble gas. Companies are anticipated to invest significant amounts in research and development activities. Forming associations is also one of the tactical initiatives undertaken by the market players carrying out new product developments.
Capacity growth and innovative product launches are predominant in the industry in Germany. Such factors are projected to positively influence the growth of the noble gas market in the country in the coming years.
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Noble Gas Market Scope
Noble Gas Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany noble gas market size, by product, 2018-2030 (US$M)
Germany Noble Gas Market Outlook Share, 2023 & 2030 (US$M)
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