Middle East & Africa Noble Gas Market Size & Outlook

The noble gas market in Middle East & Africa is expected to reach a projected revenue of US$ 318.2 million by 2030. A compound annual growth rate of 4.1% is expected of Middle East & Africa noble gas market from 2024 to 2030.
Revenue, 2023 (US$M)
$240.0
Forecast, 2030 (US$M)
$318.2
CAGR, 2024 - 2030
4.1%
Report Coverage
Middle East & Africa

MEA noble gas market highlights

  • The MEA noble gas market generated a revenue of USD 240.0 million in 2023.
  • The 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.
  • Country-wise, Egypt is expected to register the highest CAGR from 2024 to 2030.


MEA data book summary

Market revenue in 2023USD 240.0 million
Market revenue in 2030USD 318.2 million
Growth rate4.1% (CAGR from 2023 to 2030)
Largest segmentHelium
Fastest growing segmentArgon
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHelium, Neon, Argon, Krypton, Xenon, Other Products
Key market players worldwideAir 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, MEA region accounted for 8.7% 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 46% in 2023. Horizon Databook has segmented the Middle East & Africa 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 Middle East & Africa (MEA) noble gas market is growing at a moderate rate owing to steady capacity expansions by surgical instruments, defense equipment, leather products, and cotton, and an increasing number of new applications of noble gases is expected to drive market growth. 

The service and manufacturing industries are primarily responsible for the demand generation of specialty gases owing to increasing applications such as welding, cutting, and metal fabrication in the automotive industry. 

Development in infrastructure coupled with an increasing economy and rising population is anticipated to drive market growth in this region. Government initiatives in firming end-user industries such as manufacturing, service, oil & gas, healthcare, food & beverage, etc., are projected to positively influence market growth over the forecast period.

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Noble Gas Market Companies

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MEA noble gas market size, by country, 2018-2030 (US$M)

Middle East & Africa Noble Gas Market Outlook Share, 2023 & 2030 (US$M)

MEA noble gas market size, by country, 2018-2030 (US$M)

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