All updated as on -
The xenon market was predicted to be worth USD 203.97 million in 2022. The market would grow by 3.1% CAGR from USD 247.88 million in 2022 to USD 286.48 million in 2030, according to forecasts.
The totally inert gas xenon (Xe), which is confined in a tube, emits blue light when subjected to electrical discharge. It is preferred despite having a very limited commercial application because of its excellent characteristics. This noble gas is utilised regularly in a variety of industries, including satellites, imaging, lighting, electronics, medicine, and other fields because of its adaptability and purity. There will likely be a rise in the demand for xenon gas during the projection period as a result of the expansion of these applications in both developed and developing nations.
The colourless, dense, odourless, and largely inactive noble gas xenon is present in Earth's atmosphere. The blue or lavender glow that is produced by xenon is due to an electrical discharge. Xenon bulbs produce a brighter light than regular lights. This gas is used in some stroboscopic lamps, photographic flash lamps, high-intensity arc lamps, deep-sea observation lights, high-pressure arcs and high-intensity arc lamps for motion picture projection.
Xenon is extensively used in the pharmaceutical industry to treat brain disorders, stress-related conditions, lung problems, and depression because it is effective at recovering and restoring the patient's functional capacity. It is believed that the non-reactive nature of the earth's atmosphere, for instance, makes it safe and harmless for the treatment of brain illnesses. As a result, this quality is anticipated to drive the pharmaceutical market.
As the world becomes more digital in all facets of life—from online payment systems to tracking goods to the proliferation of laser operating devices—the use of xenon gas in barcode scanners has steadily increased. This benefit of xenon gas is consequently increasing its demand during the anticipated period. Xenon is used to fill television, radio, and nuclear reactor tubes. Xenon difluoride is used to etch silicon microprocessors. Satellites and other spacecraft occasionally employ xenon ion propulsion systems to maintain orbit. According to the Royal Society of Chemistry, the medicine 5-fluorouracil, which is used to treat some tumours, is even produced using xenon. These factors are projected to stimulate market expansion during the anticipated timeframe.
The primary concerns that the participants in the Xenon industry will need to address over the short and medium term forecast are changing consumer preferences in the context of a projected economic downturn, adjustments to industrial policies to reflect growing environmental concerns, enormous fluctuations in raw material costs brought on by current geopolitical tensions, and anticipated economic turbulences. The Global Xenon Market Analysis Report is a detailed investigation that examines the current state of affairs and projects future Xenon Market potential for various product categories with their market penetration in various applications and end-uses, from 2016 to 2030.
The inert gas Xe serves as a reliable propellant for the electric ion propulsion system. The satellite business is very interested in it because of its advantages. Electric propulsion is important for space exploration in addition to being essential for interplanetary operations. Weight reduction is the principal advantage of using this gas as a propellant. As a result, the spaceship can carry more payloads. The gas's considerable promotion of ionisation makes it a superb choice for changing between heliocentric orbits as well. The launch of numerous spacecraft by the US, China, and Russia by 2019 made them the likely front-runners for satellite launches. The increasing usage of gas for satellites in developed countries is expected to drive the market.
Being an asphyxiant, the gas can produce asphyxia, which can lead to nausea, vomiting, disorientation, and occasionally even death. Sudden death can occur in a couple of seconds at low oxygen levels. When exposed to 75% oxygen and 25% of this gas, the person may suffer the symptoms mentioned above, but it may also lead to mental illness, tiredness, sadness, and emotional instability. The European Industrial Gases Association (EIGA) and the United States Occupational Safety and Health Administration (OSHA) jointly adopted the standard stating that the oxygen levels in spaces housing rare gases should fluctuate between 20% and 25%. Entry must be barred if there are any concerns about the oxygen level. There should be sufficient ventilation to allow for fresh air to enter even if the environment has an ambient oxygen level.
Report Coverage
Global Xenon research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Xenon report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Xenon competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Xenon market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Xenon market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Xenon market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Air Liquide (France), Linde PLC (Ireland), Air Products & Chemicals, Inc. (U.S.), Messer Group GmbH (Germany), Proton Gases (India) Pvt. Ltd. (India), Matheson Tri-Gas, Inc. (U.S.), American Gas Products (AGP LLC) (U.S.), Coregas Pty Ltd. (U.S.), Akela-p Medical Gases P. Ltd. (Russia), Electronic Fluorocarbons, LLC (U.S.), Iceblick Ltd. (Ukraine)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Xenon market based on the below-mentioned segments:
Global Xenon Market, By Type
N3
N4.5
N5
Global Xenon market, By Application
Imaging & Lighting
Satellite
Electronics & Semiconductors
Medical
Others
Global Xenon market, Regional Analysis
The totally inert gas xenon (Xe), which is confined in a tube, emits blue light when subjected to electrical discharge. It is preferred despite having a very limited commercial application because of its excellent characteristics. This noble gas is utilised regularly in a variety of industries, including satellites, imaging, lighting, electronics, medicine, and other fields because of its adaptability and purity. There will likely be a rise in the demand for xenon gas during the projection period as a result of the expansion of these applications in both developed and developing nations.
The colourless, dense, odourless, and largely inactive noble gas xenon is present in Earth's atmosphere. The blue or lavender glow that is produced by xenon is due to an electrical discharge. Xenon bulbs produce a brighter light than regular lights. This gas is used in some stroboscopic lamps, photographic flash lamps, high-intensity arc lamps, deep-sea observation lights, high-pressure arcs and high-intensity arc lamps for motion picture projection.
Xenon is extensively used in the pharmaceutical industry to treat brain disorders, stress-related conditions, lung problems, and depression because it is effective at recovering and restoring the patient's functional capacity. It is believed that the non-reactive nature of the earth's atmosphere, for instance, makes it safe and harmless for the treatment of brain illnesses. As a result, this quality is anticipated to drive the pharmaceutical market.
As the world becomes more digital in all facets of life—from online payment systems to tracking goods to the proliferation of laser operating devices—the use of xenon gas in barcode scanners has steadily increased. This benefit of xenon gas is consequently increasing its demand during the anticipated period. Xenon is used to fill television, radio, and nuclear reactor tubes. Xenon difluoride is used to etch silicon microprocessors. Satellites and other spacecraft occasionally employ xenon ion propulsion systems to maintain orbit. According to the Royal Society of Chemistry, the medicine 5-fluorouracil, which is used to treat some tumours, is even produced using xenon. These factors are projected to stimulate market expansion during the anticipated timeframe.
The primary concerns that the participants in the Xenon industry will need to address over the short and medium term forecast are changing consumer preferences in the context of a projected economic downturn, adjustments to industrial policies to reflect growing environmental concerns, enormous fluctuations in raw material costs brought on by current geopolitical tensions, and anticipated economic turbulences. The Global Xenon Market Analysis Report is a detailed investigation that examines the current state of affairs and projects future Xenon Market potential for various product categories with their market penetration in various applications and end-uses, from 2016 to 2030.
The inert gas Xe serves as a reliable propellant for the electric ion propulsion system. The satellite business is very interested in it because of its advantages. Electric propulsion is important for space exploration in addition to being essential for interplanetary operations. Weight reduction is the principal advantage of using this gas as a propellant. As a result, the spaceship can carry more payloads. The gas's considerable promotion of ionisation makes it a superb choice for changing between heliocentric orbits as well. The launch of numerous spacecraft by the US, China, and Russia by 2019 made them the likely front-runners for satellite launches. The increasing usage of gas for satellites in developed countries is expected to drive the market.
Being an asphyxiant, the gas can produce asphyxia, which can lead to nausea, vomiting, disorientation, and occasionally even death. Sudden death can occur in a couple of seconds at low oxygen levels. When exposed to 75% oxygen and 25% of this gas, the person may suffer the symptoms mentioned above, but it may also lead to mental illness, tiredness, sadness, and emotional instability. The European Industrial Gases Association (EIGA) and the United States Occupational Safety and Health Administration (OSHA) jointly adopted the standard stating that the oxygen levels in spaces housing rare gases should fluctuate between 20% and 25%. Entry must be barred if there are any concerns about the oxygen level. There should be sufficient ventilation to allow for fresh air to enter even if the environment has an ambient oxygen level.
Report Coverage
Global Xenon research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Xenon report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Xenon competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Xenon market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Air Liquide (France), Linde PLC (Ireland), Air Products & Chemicals, Inc. (U.S.), Messer Group GmbH (Germany), Proton Gases (India) Pvt. Ltd. (India), Matheson Tri-Gas, Inc. (U.S.), American Gas Products (AGP LLC) (U.S.), Coregas Pty Ltd. (U.S.), Akela-p Medical Gases P. Ltd. (Russia), Electronic Fluorocarbons, LLC (U.S.), Iceblick Ltd. (Ukraine) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Xenon Market from 2021 to 2030.
- Market Forecast for Xenon Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Xenon competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Xenon
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Xenon market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Xenon market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Air Liquide (France), Linde PLC (Ireland), Air Products & Chemicals, Inc. (U.S.), Messer Group GmbH (Germany), Proton Gases (India) Pvt. Ltd. (India), Matheson Tri-Gas, Inc. (U.S.), American Gas Products (AGP LLC) (U.S.), Coregas Pty Ltd. (U.S.), Akela-p Medical Gases P. Ltd. (Russia), Electronic Fluorocarbons, LLC (U.S.), Iceblick Ltd. (Ukraine)
Primary Target Market
- Market Players of Xenon
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Xenon market based on the below-mentioned segments:
Global Xenon Market, By Type
N3
N4.5
N5
Global Xenon market, By Application
Imaging & Lighting
Satellite
Electronics & Semiconductors
Medical
Others
Global Xenon market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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