South Africa Noble Gas Market Size & Outlook, 2023-2030
South Africa noble gas market, 2018-2030 (US$M)
Related Markets
South Africa noble gas market highlights
- The South Africa noble gas market generated a revenue of USD 22.3 million in 2023 and is expected to reach USD 27.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 3.1% 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 22.3 million |
| Market revenue in 2030 | USD 27.5 million |
| Growth rate | 3.1% (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, South Africa accounted for 0.8% 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 Middle East & Africa, UAE noble gas market is projected to lead the regional market in terms of revenue in 2030.
- Egypt is the fastest growing regional market in Middle East & Africa and is projected to reach USD 22.6 million by 2030.
Helium was the largest segment with a revenue share of 47.09% in 2023. Horizon Databook has segmented the South 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 demand for noble gases in South Africa is expected to be driven majorly by its flourishing healthcare sector, increasing metallurgy activities, ongoing construction projects, expanding automotive & aerospace industry, and the surging demand from various end-use industries.
Due to the improving standard of living of the masses in the country, the demand for electronic goods is expected to increase in the UAE in the coming years. This is anticipated to surge the demand for noble gases in the country during the forecast period.
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Noble Gas Market Scope
Noble Gas Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa noble gas market size, by product, 2018-2030 (US$M)
South Africa Noble Gas Market Outlook Share, 2023 & 2030 (US$M)
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