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Xenon Gas Market Trends

Report ID: GMI10609
Published Date: Aug 2024
Report Format: PDF

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Xenon Gas Market Trends

In recent years, the market has seen a rise in demand due to its growing use in industries like aerospace, healthcare, and electronics. In the medical field, xenon is becoming more popular for anesthesia and diagnostic imaging because it is safe and effective. The semiconductor industry also needs more xenon for making chips, as it is used in photolithography processes. Additionally, there is more interest in using xenon for space propulsion systems, especially in satellite technology. On the supply side, companies are working to improve how they extract xenon and find new sources to deal with its scarcity. Concerns about sustainability are also affecting the market, with a focus on recycling and reusing xenon.

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

Global industry size for xenon gas was valued at USD 523.62 million in 2023 and is anticipated to register over 8.5% CAGR between 2024 and 2032, driven by expansion of the electronics and semiconductor sector.

The high purity segment in the xenon gas market is expected to record 8.8% CAGR through 2032 due to its critical role in semiconductor manufacturing, aerospace, medical imaging, and specialized lighting.

North America market size accounted for USD 175.15 million in 2023 due to advanced healthcare systems, strong semiconductor industries, and significant R&D activities

Air Liquide, Air Products and Chemicals, Inc., Akela-p Medical Gases P. Ltd., Bhuruka Gases Ltd , Coregas Pty Ltd., Linde plc, Matheson Tri-Gas, Inc, Messer Group, and Proton Gases (India) Pvt. Ltd.