North America Noble Gas Market Size & Outlook, 2023-2030
North America noble gas market, 2018-2030 (US$M)
Related Markets
North America noble gas market highlights
- The North America noble gas market generated a revenue of USD 574.1 million in 2023.
- The market is expected to grow at a CAGR of 4.2% from 2024 to 2030.
- In terms of segment, helium was the largest revenue generating product in 2023.
- Krypton is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 574.1 million |
| Market revenue in 2030 | USD 766.5 million |
| Growth rate | 4.2% (CAGR from 2023 to 2030) |
| Largest segment | Helium |
| Fastest growing segment | Krypton |
| 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, North America region accounted for 20.9% 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 47.69% in 2023. Horizon Databook has segmented the North 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.
North America is one of the significant markets for noble gases in the world owing to the large-scale production of these gases in the region. Massive investments for developing air separation techniques and production technologies in North America are anticipated to surge the demand for noble gas in the region in the coming years.
The existence of recognized market players in the region with a number of production facilities is enabling them to get a toehold on plant expansions. The rising usage of high-purity gas in analytical medical applications such as MRI machines and CT scan machines in North America is driving the growth of the noble gas market in the region.
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Noble Gas Market Scope
Noble Gas Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America noble gas market size, by country, 2018-2030 (US$M)
North America Noble Gas Market Outlook Share, 2023 & 2030 (US$M)
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