Xenon Gas Market Research Report, Market Share, Size, Trends, Forecast and Analysis of Key players 2024
According to the latest report by IMARC Group, titled “Xenon Gas Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global xenon gas market reached 17.2 Million Liters in 2018. Xenon, denoted by Xe, is a member of the noble gas family of elements. It is colorless, odorless and does not cause any chemical reaction. While it is naturally procured from the earth’s surface, it is commercially extracted by fractional distillation in large air separation units (ASU). It is the brightest among the noble gases and emits blue light when an electric current passes through it. As a result, it is used in the manufacturing of instruments that assist in radiation detection such as neutron and X-ray counters, and bubble chambers.
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Xenon Gas Market Segments/Summary:
Based on the distribution channel, the market has been classified into packaged, merchant and on-site. Currently, the packaged segment accounts for the majority of the market share.Based on the distribution channel, the market has been classified into packaged, merchant and on-site. Currently, the packaged segment accounts for the majority of the market share.
On the basis of the end-user, the market has been segregated into imaging and lighting, automotive and transportation, aviation and aerospace, healthcare, and others. At present, imaging and lighting exhibit dominance in the market.
Region-wise, the market has been segmented into Europe, Asia Pacific, North America, Latin America, and Middle East and Africa. Amongst these, Asia Pacific is the biggest market, holding the majority of the market share.
The competitive landscape of the market has been examined with some of the key players being Airgas, Air Liquide, Linde, Messer, Praxair, Air Water, American Gas, BASF, Core Gas, Matheson Tri-Gas and Proton Gas.
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