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Rare Gas Market Share

Report ID: GMI10528
Published Date: Jul 2024
Report Format: PDF

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Rare Gas Market Share

The rare gas industry features a fragmented competitive landscape with several key players vying for market share. BASF SE is a leading producer of rare gases, dedicated to providing high-quality industrial gas solutions. They have developed a comprehensive portfolio of rare gases, including argon, neon, and xenon, catering to various industries such as electronics, lighting, and medical applications. BASF's product line includes ultra-high purity gases and custom gas mixtures tailored to specific customer requirements.

Additionally, Air Products & Chemicals is actively expanding its footprint in the market through strategic investments and technological advancements. The company offers a wide range of rare gases and rare gas mixtures, with a focus on serving the semiconductor, aerospace, and healthcare sectors. Air Products is dedicated to delivering innovative gas solutions, emphasizing reliability and purity in their products.

Rare Gas Market Companies

Major players operating in the rare gas industry include:

Air Products & Chemicals
American Gas Products
Axcel Gases
BASF SE
Dakota Gasification Co.
Ingas LLC
Iwatani Corporation
Matheson
Messer Group
Praxair

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

Global industry size for rare gas was valued at USD 3.24 billion in 2023 and is anticipated to register over 6.6% CAGR between 2024 and 2032 fuelled by the booming semiconductor and electronics sector

The electronics and semiconductors end use industry segment held 24.6% of the rare gas market share in 2023 led by the surge in demand for advanced semiconductors, driven by 5G, AI, and IoT technologies

North America industry size recorded over USD 955.9 million in 2023 due to its strong semiconductor industry, advanced healthcare, and significant aerospace and defense sectors.

Air Products & Chemicals, American Gas Products, Axcel Gases, BASF SE, Dakota Gasification Co., Ingas LLC, Iwatani Corporation, Matheson, Messer Group, and Praxair.