Japan Noble Gas Market Size & Outlook, 2023-2030
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Japan noble gas market highlights
- The Japan noble gas market generated a revenue of USD 138.4 million in 2023 and is expected to reach USD 183.4 million by 2030.
- The Japan market is expected to grow at a CAGR of 4.1% 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 138.4 million |
| Market revenue in 2030 | USD 183.4 million |
| Growth rate | 4.1% (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, Japan accounted for 5.0% 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 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 46.68% in 2023. Horizon Databook has segmented the Japan 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 Japan is mature owing to the high penetration of noble gases in primary industries such as consumer electronics. Japan is one of the top three major producers of automobiles in the world, focusing on developing innovative and quality automobiles that meet quality standards.
Further, the presence of major automobile companies such as Nissan, Toyota, Honda, Mitsubishi, Daihatsu, Fuso, Lexus, Hino, Subaru, and Mazda make Japan a highly competitive automotive market. The growing economy of Japan, along with the formulation of supportive government norms and technological innovations, drive the country's automotive industry's growth.
Increasing applicability in the automotive industry fuels the growth of the noble gas market in Japan. Surging demand owing to the advent of new technologies and increased usage of existing display technologies such as plasma panels, flat panels, OLED, flexible displays, etc., is positively driving the display market growth in Japan.
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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 |
Japan noble gas market size, by product, 2018-2030 (US$M)
Japan Noble Gas Market Outlook Share, 2023 & 2030 (US$M)
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