UAE Noble Gas Market Size & Outlook, 2023-2030
UAE noble gas market, 2018-2030 (US$M)
Related Markets
UAE noble gas market highlights
- The UAE noble gas market generated a revenue of USD 71.7 million in 2023 and is expected to reach USD 89.6 million by 2030.
- The UAE market is expected to grow at a CAGR of 3.3% 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 71.7 million |
| Market revenue in 2030 | USD 89.6 million |
| Growth rate | 3.3% (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, UAE accounted for 2.6% 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 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 47.28% in 2023. Horizon Databook has segmented the UAE 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 UAE is attracting increased interest and investments from numerous multinational companies in its core industries, with these companies setting up manufacturing plants in the country. Moreover, the surging number of end users of healthcare services and electronic goods in the UAE is leading to the emergence of new applications of noble gases in the country.
The presence of prominent market players in the UAE, including Air Liquide, Linde plc, Air Products, and Chemicals, and Praxair, that supply specialty gases, also fuel the growth of the noble gases market in the country.
Besides regional players such as Dubai Industrial Gases, Gulf Cryo, Bristol Gases, Abdullah Hashim Industrial & Equipment, Buzwair Industrial Gases Factory, and National Industrial Gas Plants are also anticipated to drive the growth of the market in the country over the forecast period.
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Noble Gas Market Scope
Noble Gas Market Companies
| Name | Profile | # Employees | HQ | Website |
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UAE noble gas market size, by product, 2018-2030 (US$M)
UAE Noble Gas Market Outlook Share, 2023 & 2030 (US$M)
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