Zion Market Research, the market research group announced the analysis report titled ‘Rare Gases Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024‘
Global Rare Gases Market: Overview
Rare glasses are also known as noble gasses. They are a bunch of elements with alike characteristics. They are colorless, odorless, monatomic gasses with very less reactivity to chemicals. The six noble gasses that occur naturally are neon, helium, krypton, argon, the radioactive radon, and xenon. Oganesson is said to be a rare gas as well.
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Global Rare Gases Market: Growth Factors
The global rare gasses market is likely to have a huge growth in coming future. New energy-efficient codes are the main reason that has driven the growth of the global market. In addition to this, increasing oil prices are also boosting the growth of the global market. Additionally, affordable cost of labor is also driving the growth of the global market. Furthermore, high demand from the industry is also powering the growth of the global rare gasses market. Huge job opportunities are also one of the main reasons that are towering the global market. In addition to this, demand for greener building structures is also lowering the growth of the global market. Besides, increasing electronics industry is also driving the growth of the global market. Furthermore, high government mandates are also powering the growth of the global rare gasses market.
On the other hand, high cost for transportations is the main reason hampering the growth of global rare gasses market. Besides, the high cost of ownership for the processing of rare gasses is one of the reasons that are decreasing the growth of the global market. Moreover, high cost for raw material is also one of the significant reasons that are restraining the growth of the global market.
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Global Rare Gases Market: Segmentation
Based on the type, the global rare gasses market is mainly classified as krypton, neon, xenon, and others.
On the basis of end use, the global market is divided into electronics, manufacturing & construction, health care, automotive and transportation equipment, and others.
Based on the functions, the global rare gasses market is mainly classified as insulation, illumination, anesthesia, scanning, satellites, semiconductors, and others.
On the basis of transportation mode, the global market is divided into tonnage distribution, cylinders & liquid containers, bulk and micro bulk delivery, and others.
Global Rare Gases Market: Regional Analysis
The global market for rare gasses is geographically segmented into Latin America, North America, the Middle East and Africa, and Asia Pacific. New energy-efficient codes and increasing oil prices are boosting the global market in the U.S. and Canada. Demand for greener building is towering the global market in countries such as India and China. The Rest of the World will witness a moderate growth in the global market in the coming future.
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Global Rare Gases Market: Competitive Players
Key players in the global rare gasses market are Noble Gas Solutions, Proton Gases, Noble Energy Inc., The Linde Group, Praxair Inc Air, Airgas Inc., Ellenbarrie Industrial Gases Ltd., and Liquide S.A.
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