According to the latest report by IMARC Group, titled “Xenon Gas Market Price Trends: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global xenon gas market size to grow at a CAGR of 3.5% during 2021-2026. 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.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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As xenon provides a better option in the field of lighting and insulation, it is widely utilized in a variety of lamps such as photographic flash, high-intensive arc- and bactericidal lamps. It is also useful for providing a soft blue glow in the headlights of vehicles. Additionally, as it is non-toxic, it is considered entirely safe for being incorporated in anesthesia as well as therapeutic drugs. It is also used in the treatment of brain disorders, lung problems, stress issues and depression. In addition to this, it is beneficial for increasing the working capacity of patients and is regarded as a successful means to conduct regenerative and rehabilitation therapy. Apart from this, xenon gas is used for plating silicon microprocessors and is utilized in the production of helium-neon lasers that are employed in barcode scanners.
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Key Market Segmentation:
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.
- 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.
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Key highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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