Latin America Noble Gas Market Size & Outlook, 2023-2030
Latin America noble gas market, 2018-2030 (US$M)
Related Markets
Latin America noble gas market highlights
- The Latin America noble gas market generated a revenue of USD 245.6 million in 2023.
- The market is expected to grow at a CAGR of 5.4% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 245.6 million |
| Market revenue in 2030 | USD 355.2 million |
| Growth rate | 5.4% (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, Latin America region accounted for 8.9% 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 45.77% in 2023. Horizon Databook has segmented the Latin America 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 production of high-purity noble gas is rising in the region due to the augmented inclination toward the healthcare and electronics sectors. The high requirement for noble and analytical gases is attributed to the increasing need to maximize production efficiency, monitor pollutants, and measure radiations in devices such as bubble chambers, Geiger counters, and incandescent lamps.
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Noble Gas Market Scope
Noble Gas Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America noble gas market size, by country, 2018-2030 (US$M)
Latin America Noble Gas Market Outlook Share, 2023 & 2030 (US$M)
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