Xenon Gas Market Forecast to Grow at 6.12% CAGR to 2019

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Oct 28, 2015, 04:00 ET

PUNE, India, October 28, 2015 /PRNewswire/ --

Analysts forecast global xenon gas market to grow at a CAGR of 6.12% over the period 2014-2019 and reach a volume of 20 million liters during the forecast period with rising demand for LEDs driving the worldwide industry growth.

Complete report on xenon gas market spread across 75 pages, analyzing 5 major companies and supported with 32 data exhibits is now available at http://www.sandlerresearch.org/global-xenon-gas-market-market-research-report-2015-2019.html.

The global xenon gas market is dominated by chemical companies from Europe and the US, which have integrated distribution network and rely on their proprietary manufacturing technologies. The availability of cheap natural gas resources is propelling major vendors to install manufacturing and distribution facilities in the Middle East and emerging markets in Asia. The following companies are the key players in the Global Xenon Gas Market - Market Research Report: Airgas, Air Liquide, Linde, Messer, Praxair and Iceblick. Other Prominent Vendors in the market are: Air Water, American Gas, BASF, Core, Matheson, Tri-gas, and Proton Gas.

Commenting on the latest xenon gas market report, an analyst said: "Most noble gases are packaged into cylinders at pressures of up to 300 bar and are supplied to end-consumers in volume variants of 1-50 liters. These cylinders are made of high-strength steel and aluminum to withstand high pressures, avoid leakages, and ensure maximum safety. Distribution of noble gases through this route is a cost-intensive process as transportation of these heavy cylinders incurs a lot of energy in terms of fuel and packaging."

According to this 2015 xenon gas market research, xenon gas is indispensable in the manufacture of helium-neon lasers that are used in barcode scanners, alignment tools, and photography transmission. These lasers are preferred due to various advantages such as cheaper cost of production, good coherence, and increased safety on account of low power output. Xenon gas lasers are also being used for precise measurements over long distances and also in holography. Growing consumer demand and rise in industrialization are driving the requirement for barcode scanners and laser-operated sensors, which in turn is contributing to the demand for xenon gas market. Order a copy of Global Xenon Gas Market 2015- 2019 report at http://www.sandlerresearch.org/purchase?rname=45877.

The report presents data on the following segments of the market:

End-user: aerospace and aircraft, healthcare, imaging and lightning, automotive and transportation, and other industrial uses
Geography: APAC, North America, MEA, Latin America, and Europe
Distribution method: tonnage, merchant, and packaged

APAC accounts for the largest share of the xenon gas market due to the presence of manufacturing industries associated with automobiles, construction, mining, and transportation. Moreover, the region is the semiconductor powerhouse with countries like South Korea, Taiwan, Japan and China remaining as the principal suppliers of electronics and semiconductors. The research report predicts the region to reach a volume of 7287 kiloliters by the end of 2019. Further, the report states that, fluctuating energy prices and rising manpower expenses are severely affecting the profit margins of the major vendors in the market.

For decision makers in chemicals industry, SandlerResearch.org has multiple newly published research titles that might be of interest:

Global Noble Gases Market 2015-2019: Analysts forecast global noble gases market to grow at a CAGR of 4.55% in terms of revenue over the period 2014-2019. Air Gas, Air Liquide, Linde, Messer Group, Prax air, Air products, Air water, American Gas group, BASF, Buzwair, Core gas, Gazprom, Gulf Cryo, Iwatani, Proton gas, Ras gas and Taiyo Nippon Sanso are companies mentioned in this noble gases market research available at http://www.sandlerresearch.org/global-noble-gases-market-2015-2019.html .

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