Middle East & Africa Noble Gas Market Size & Outlook
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MEA noble gas market highlights
- The MEA noble gas market generated a revenue of USD 240.0 million in 2023.
- The market is expected to grow at a CAGR of 4.1% from 2024 to 2030.
- In terms of segment, helium was the largest revenue generating product in 2023.
- Argon is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Egypt is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 240.0 million |
| Market revenue in 2030 | USD 318.2 million |
| Growth rate | 4.1% (CAGR from 2023 to 2030) |
| Largest segment | Helium |
| Fastest growing segment | Argon |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Helium, Neon, Argon, Krypton, Xenon, Other Products |
| Key market players worldwide | Air Liquide SA, Air Products & Chemicals Inc, Basf SE, Linde PLC, Nippon Sanso Holdings Corp, Northrop Grumman Corp, Iwatani Corp, Resonac Holdings Corp |
Other key industry trends
- In terms of revenue, MEA region accounted for 8.7% of the global noble gas market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 1,310.1 million by 2030.
Helium was the largest segment with a revenue share of 46% in 2023. Horizon Databook has segmented the Middle East & Africa noble gas market based on helium, neon, argon, krypton, xenon, other products covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa (MEA) noble gas market is growing at a moderate rate owing to steady capacity expansions by surgical instruments, defense equipment, leather products, and cotton, and an increasing number of new applications of noble gases is expected to drive market growth.
The service and manufacturing industries are primarily responsible for the demand generation of specialty gases owing to increasing applications such as welding, cutting, and metal fabrication in the automotive industry.
Development in infrastructure coupled with an increasing economy and rising population is anticipated to drive market growth in this region. Government initiatives in firming end-user industries such as manufacturing, service, oil & gas, healthcare, food & beverage, etc., are projected to positively influence market growth over the forecast period.
Key Regions: UAE , U.S. , Japan , Brazil , South Africa
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Noble Gas Market Scope
Noble Gas Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Nippon Sanso Holdings Corp | View profile | 22200 | Toyo Building 1-3-26, Koyama, Shinagawa-ku, Tokyo, Japan, 142-8558 | https://www.nipponsanso-hd.co.jp |
| Northrop Grumman Corp | View profile | 101000 | 2980 Fairview Park Drive, Falls Church, VA, United States, 22042 | https://www.northropgrumman.com |
| Iwatani Corp | View profile | 11351 | 6-4, Hommachi 3-chome, Chuo-ku, Osaka, Japan, 541-0053 | http://www.iwatani.co.jp |
| Air Liquide SA | View profile | 67800 | 75, Quai d'Orsay, Paris, France, 75007 | https://www.airliquide.com |
| Linde PLC | View profile | 66195 | 10 Riverview Drive, Danbury, CT, United States, 06810 | https://www.linde.com |
| Resonac Holdings Corp | View profile | 23840 | 1-9-1, Higashi-Shimbashi, Tokyo Shiodome Building, Minato-ku, Tokyo, Japan, 105-7325 | https://www.resonac.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
| Air Products & Chemicals Inc | View profile | 23000 | 1940 Air Products Boulevard, Allentown, PA, United States, 18106-5500 | https://www.airproducts.com |
MEA noble gas market size, by country, 2018-2030 (US$M)
Middle East & Africa Noble Gas Market Outlook Share, 2023 & 2030 (US$M)
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