South Korea Noble Gas Market Size & Outlook, 2023-2030
South Korea noble gas market, 2018-2030 (US$M)
Related Markets
South Korea noble gas market highlights
- The South Korea noble gas market generated a revenue of USD 98.0 million in 2023 and is expected to reach USD 146.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 5.9% 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 98.0 million |
| Market revenue in 2030 | USD 146.2 million |
| Growth rate | 5.9% (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 Korea accounted for 3.6% 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 43.27% in 2023. Horizon Databook has segmented the South Korea 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 growth of the medical industry in South Korea is driven by its continuously increasing aging population, leading to a surged demand for healthcare-related technologies and products in the country. Another significant application of noble gases in South Korea is the electronics industry. The presence of major electronic companies in the country is expected to fuel the demand for noble gases in South Korea.
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Noble Gas Market Scope
Noble Gas Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea noble gas market size, by product, 2018-2030 (US$M)
South Korea Noble Gas Market Outlook Share, 2023 & 2030 (US$M)
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