Italy Noble Gas Market Size & Outlook, 2023-2030
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Italy noble gas market highlights
- The Italy noble gas market generated a revenue of USD 88.3 million in 2023 and is expected to reach USD 197.5 million by 2030.
- The Italy market is expected to grow at a CAGR of 12.2% 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 88.3 million |
| Market revenue in 2030 | USD 197.5 million |
| Growth rate | 12.2% (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, Italy accounted for 3.2% 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 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 44.96% in 2023. Horizon Databook has segmented the Italy noble gas market based on helium, neon, argon, krypton, xenon, other products covering the revenue growth of each sub-segment from 2018 to 2030.
Italy is a relatively small market for noble gas in Europe. However, the demand for noble gas in the country is expected to increase owing to a surge in healthcare spending in Italy. The demand for helium gas is the most dominant in the country owing to its vast usage in healthcare and energy & power applications.
Initiatives undertaken by the Government of Italy to promote the growth of its domestic manufacturing industry are expected to increase the consumption of noble gas in the country. The government of Italy is planning to double its natural gas production to 6 billion cubic meters (bcm) per year from the current 3 bcm and reduce its dependence on Russian suppliers in the next few years.
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Noble Gas Market Scope
Noble Gas Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Nippon Sanso Holdings Corp | View profile | 22200 | Toyo Building 1-3-26, Koyama, Shinagawa-ku, Tokyo, Japan, 142-8558 | https://www.nipponsanso-hd.co.jp |
| Northrop Grumman Corp | View profile | 101000 | 2980 Fairview Park Drive, Falls Church, VA, United States, 22042 | https://www.northropgrumman.com |
| Iwatani Corp | View profile | 11351 | 6-4, Hommachi 3-chome, Chuo-ku, Osaka, Japan, 541-0053 | http://www.iwatani.co.jp |
| Air Liquide SA | View profile | 67800 | 75, Quai d'Orsay, Paris, France, 75007 | https://www.airliquide.com |
| Linde PLC | View profile | 66195 | 10 Riverview Drive, Danbury, CT, United States, 06810 | https://www.linde.com |
| Resonac Holdings Corp | View profile | 23840 | 1-9-1, Higashi-Shimbashi, Tokyo Shiodome Building, Minato-ku, Tokyo, Japan, 105-7325 | https://www.resonac.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
| Air Products & Chemicals Inc | View profile | 23000 | 1940 Air Products Boulevard, Allentown, PA, United States, 18106-5500 | https://www.airproducts.com |
Italy noble gas market size, by product, 2018-2030 (US$M)
Italy Noble Gas Market Outlook Share, 2023 & 2030 (US$M)
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