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Rare Gases Market


Packaging, Construction, Mining & Gases
Mining Minerals and Metals

The rare gases market is projected to reach USD 380.9 Million by 2020, at a CAGR of 7.68%, from 2015. Growth in construction, lighting, and laser applications, increasing energy prices, and rapid urbanization has fueled the growth of the rare gases market. The illumination segment held the largest share of the total rare gases market in 2014, especially in emerging markets such as China, Brazil, and India.

The rare gases market is purely application-driven and demand depends on various end users of rare gases such as electronics, manufacturing & construction, automotive & transportation equipment, and health care. The electronics segment is projected to dominate the rare gases market, by end user, from 2015 to 2020. The market is dominated by key players such as Praxair Inc. (U.S.), Airgas Inc. (U.S.), The Linde Group (Germany), Air Liquide S.A. (France), Air Products and Chemicals Inc. (U.S.), Messer Group (Germany), and Iceblick Ltd. (Ukraine). The market in this report is segmented on the basis of type, end use, transportation mode, function, and region.

Rare Gases Market

The cylinders and liquid containers segment is projected to grow at the highest CAGR of 8.18% from 2015 to 2020. Key players of the rare gases market implement different strategies such as expansions, agreements, contracts, joint ventures, and partnerships to gain a larger share in the market.

Rare gases are a global commodity as they are not based on local production and supply; however, the pricing is highly dependent on the balance of global demand, supply, and speculation. One of the main strategies adopted by rare gas manufacturing companies is mergers & acquisitions. Companies are constantly investing in research & development activities to generate new ways to expand the market of rare gases to suit the growing technological requirements in various applications. Companies are adopting inorganic growth strategies such as acquisitions to cope with the increasing demand for rare gases in key emerging markets. These strategies have helped companies to create a large customer and partner base in key markets.

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