Market revenue in 2023 | USD 112.5 million |
Market revenue in 2030 | USD 160.4 million |
Growth rate | 5.2% (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 |
Helium was the largest segment with a revenue share of 47.73% in 2023. Horizon Databook has segmented the Spain 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 growing demand for noble gases in the manufacturing and electronics industries is likely to boost the market growth of noble gases in Spain. The surged requirements of noble gas in the electronics industry and the increased government initiatives to enhance domestic production of noble gas are expected to increase the consumption of noble gas in Spain.
The rising demand for high-grade noble gas used in medical applications is expected to contribute to the growth of the market in Spain over the forecast period.
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