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The North America xenon gas market reached a value of around USD 79.30 million in 2023. During the forecast period between 2024 and 2032, the market is expected to grow at a CAGR of 7.1% to reach around USD 147.02 million by 2032.
North America Xenon Gas Market Report Summary | Description | Value |
Base Year | USD Million | 2023 |
Historical Period | USD Million | 2018-2023 |
Forecast Period | USD Million | 2024-2032 |
Market Size 2023 | USD Million | 79.30 |
Market Size 2032 | USD Million | 147.02 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 7.1% |
CAGR 2024-2032 - Market by Region | USA | 7.8% |
CAGR 2024-2032 - Market by Region | Canada | 6.4% |
CAGR 2024-2032 - Market by Application | Satellite Propulsion | 8.1% |
CAGR 2024-2032 - Market by End-User | Aerospace | 7.8% |
Market Share by Region | USA | XX% |
Xenon is widely used in plasma display panels, flash lamps for professional cameras, and high-intensity discharge (HID) lamps for car headlights. The rising adoption of these technologies is fuelling demand for xenon gas. Moreover, it is being used in medical imaging and as an anesthetic. It also has uses in scientific research, such as in particle detectors and as a tracer gas. These new applications are driving growth of the North America xenon gas market.
Additionally, semiconductor’s industry is a major consumer of xenon gas. Xenon, in the form of XeCI (xenon chloride), is used to manufacture excimer lasers, which are used in semiconductor industry. This gas is also used in conjunction with halocarbon etchants, such as C456 and CH2F2 for deep trench etch, which are used for making advanced 3D NAND SSD devices. These uses are boosting North America xenon gas market value.
The market is segmented by application into satellite propulsion, medical, electronics, lighting, and imaging & lighting, among others. Satellite propulsion ranks first with a CAGR of 8.1%. This segment benefits from the increasing space industry and increased satellite launches that require xenon for ion propulsion systems, renowned for their efficiency in space missions. The medical application holds the second-largest xenon gas market share in North America with a CAGR of 7.3%, driven by expanding usage in anaesthesia and diagnostic imaging technologies, supported by rising healthcare expenditures. Electronics stands at third place with a CAGR of 7.6%, due to the high demand in semiconductor manufacturing and other electronic applications. Lighting maintains a steady demand with a CAGR of 6.7%, encompassing various industries such as automotive lighting and cinema projectors. Imaging and lighting and other miscellaneous applications also contribute to the market, with CAGRs of 6.4% and 5.7%, respectively, enabling overall market growth.
CAGR 2024-2032 - Market by | Application |
Satellite Propulsion | 8.1% |
Electronics | 7.6% |
Medical | 7.3% |
Lighting | 6.7% |
Imaging & Lighting | 6.4% |
Others | 5.7% |
Aerospace has a CAGR of 7.8%, fuelled by significant growth in satellite launches and the increasing adoption of xenon in satellite propulsion systems. The healthcare industry, with a CAGR of 7.5%, is also contributing to North America xenon gas market revenue. This is due to the increasing healthcare needs and the growing application of xenon in medical imaging and anaesthesia. Electronics & semiconductors have a CAGR of 6.8%, due to the high demand for xenon in semiconductor manufacturing processes. Other end-user industries contribute with a CAGR of 6.4%, contributing to the overall market growth.
CAGR 2024-2032 - Market by | End-User |
Aerospace | 7.8% |
Healthcare | 7.5% |
Electronics & Semiconductors | 6.8% |
Others | 6.4% |
Geographically, the United States dominates the market with a CAGR of 7.8%. The U.S. market benefits from its large healthcare and electronics sectors, substantial investments in aerospace technologies, and the increasing demand for advanced satellite propulsion systems. As per North America xenon gas industry analysis, Canada follows with a CAGR of 6.4%, driven by the growing healthcare industry, investments in aerospace, and rising demand for advanced electronics requiring xenon gas.
CAGR 2024-2032 - Market by | Region |
USA | 7.8% |
Canada | 6.4% |
Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, historical and current market trends, and forecasts the dynamics of the North America xenon gas market spanning from 2018 to 2032.
The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the North America xenon gas market.
Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the North America xenon gas market.
The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares.
Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the North America xenon gas market landscape.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Application |
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Breakup by End-User |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Xenon Gas Market Analysis
8.1 Key Industry Highlights
8.2 North America Xenon Gas Historical Market (2018-2023)
8.3 North America Xenon Gas Market Forecast (2024-2032)
9 North America Xenon Gas Market by Type
9.1 Pure Xenon
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Xenon Gas Mixtures
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 North America Xenon Gas Market by Application
10.1 Medical
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Lighting
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Satellite Propulsion
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Electronics
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Imaging & Lighting
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 North America Xenon Gas Market by End-User
11.1 Healthcare
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Aerospace
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Electronics & Semiconductors
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 North America Xenon Gas Market by Country
12.1 United States
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Canada
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Air Liquide
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Praxair, Inc.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Linde Group
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Messer Group
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Air Products & Chemicals, Inc.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Key Trends and Developments in the Market
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