Persistence Market Research
Xenon (Xe) is a noble gas and has properties such as odourless, colourless and tasteless. The noble gas is known for its higher stability and does not require chemical reaction. The gas first came into recognition in the late 1800s and was given a special place in the period table.
The gas has several application such as for the production of lamps, filling television and radio tubes. There are several type of xenon gas lamp used in our day to day activities. Some of them are photographic flash lamps, high-intensive arc-lamps and bactericidal lamps. These lamps are known for their better illumination as compared to conventional methods of lighting. Along with this, it is also used as general anaesthetic and for research purposes and it is also use for metal detect radiation.
The significant research and development in the field has offered several other application of the gas. The gas is used for several pharmaceutical purposes, this include treatment of brain diseases, lung problems, problem of stress and depression. This is mainly due to the fact that xenon is a non-reactive gas and is considered to be absolutely safe and harmless for the remedial drug or in the form of an anaesthetic. The rising application of the xenon gas is a primary factor behind the growth of the xenon gas market.
Xenon gas provides a better option in the field of lighting and insulation which proves to be a major factor catalysing its demand. Apart from this, xenon gas is also useful for giving a soft blue glow in the headlights of vehicles.
Moreover, significant rise in use of barcode-scanners and laser operated sensors is a strong factor expected to drive the xenon gas market in the coming few years.
Global Xenon Gas Market: Introduction
Xenon gas is a colorless, odorless, monoatomic rare gas. Xenon is a trace gas in atmosphere of the earth and can be obtained commercially by fractional distillation in specifically designed large air separation units (ASU) around the world. Xenon emits blue light when excited by electrical discharge in a gas filled tube. This property is utilized in lightning purposes. Moreover, xenon gas is used as a fill gas in ECO halogen, high intensity discharge and cinema projector lamps. Xenon-intensive application includes ion engines and ion plasma thrusters for satellites. It is forecasted as the next generation of propulsion technology and expected to bring cost benefits. Furthermore, small amounts of xenon gas is used for industrial lasers and lasers for eye surgeries. It is also employed in the lasers that cut metal components in automotive manufacturing processes. Xenon gas possess many properties, non-toxic nature is one of them. Consequently, xenon gas can be used as an anesthesia and to image the heart, lungs, and brain. Xenon gas market is foreseen to observe high demand growth rate in healthcare and aerospace industry.
Global Xenon Gas Market: Market Dynamics
As the world economy continues to prosper, the demand for xenon gas is burgeoning. Many applications for xenon gas are showing significant growth. Xenon gas is the byproduct of large scale oxygen production and thus, supply of xenon gas is driven by the demand in the oxygen markets. Demand for the window insulations, lightning and satellite markets are primarily responsible for the significant growth of global xenon gas market. The environmental regulations in the countries of Europe require energy efficient windows, and xenon gas is one of the rare gas used in the manufacture of windows. Xenon gas is a key component in the manufacturing of high-intensity discharge automotive headlamps. The latest application for xenon gas is in electronic chip manufacturing and is presently the most significant reason for xenon gas demand growth. Aforementioned, applications are foreseen to boost the global xenon gas market during the forthcoming years.
The amount of xenon gas in the atmosphere is limited. Demand for this rare gas in increasing rapidly, but due to limited availability supply is always in shortage. Furthermore, high-cost associated with the production of xenon gas slows down the market growth.
Global Xenon Gas Market: Market Segmentation
Global xenon gas market can be segmented on the basis of end-use industry and supply mode.
On the basis of end-use industry, global xenon gas market can be segmented as follows:
On the basis of supply mode, global xenon gas market can be segmented as follows:
Global Xenon Gas Market: Regional Outlook
Xenon gas is experiencing a sharp rise in demand from semiconductors application. This makes Asia Pacific a major market for xenon gas, countries in the region such as Japan, South Korea, China, India, etc. which have established manufacturing hubs for consumer electronics are anticipated to be the major contributor to the growth of the market. Followed by Asia Pacific, North America and Europe region collectively are anticipated to hold dominant share of the global demand for xenon gas. However, the markets in both of the regions are anticipated to witness moderate to slow growth over the forecast period.
Global Xenon Gas Market: Key Participants
Example of some of the market participants in the global xenon gas market identified across the value chain include
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
The main aim of the report is to:
MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.