Global Xenon Gas Market Report 2018: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 19, 2018--The “Xenon Gas Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023” report has been added to ResearchAndMarkets.com’s offering.
The global xenon gas market reached a volume of 16.5 Million Litres in 2017. The market is further expected to reach a volume of 21.1 Million Litres by 2023, exhibiting a CAGR of around 5% during 2018-2023.
Xenon is mainly used for the production of lamps, filling television and radio tubes, as general anaesthetic and for research purposes. Xenon gas is also utilised for making devices which are meant to detect radiation. This gas has many pharmaceutical purposes which include the treatment of brain diseases, lung problems, problem of stress, depression etc. Xenon gas is considered to be a successful means for regenerative and rehabilitation therapy and is beneficial for increasing the working capacity of patients.
Global Xenon Gas Market Drivers
Xenon gas provides a better option in the field of lighting and insulation which proves to be a major factor catalysing its demand. There is a wide variety of lamps that use xenon gas on a regular basis such as photographic flash lamps, high-intensive arc-lamps, bactericidal lamps, etc. These lamps offer better illumination as compared to conventional methods of lighting. Apart from this, xenon gas is also useful for giving a soft blue glow in the headlights of vehicles.
Xenon has been gaining popularity among numerous end-use industries owing to its multidimensional utility. It is used for plating the silicon microprocessors as well as for the production of a specific drug which is useful for treating cancer. Additionally, xenon gas is beneficial in the production of helium-neon lasers which are used in barcode scanners. These characteristics and benefits of xenon gas have been contributing to its propelling demand across the globe.
With continuous technological developments, the demand of barcode-scanners and laser operated sensors has been increasing which are manufactured by using xenon gas.
Xenon is a non-reactive gas and is considered to be absolutely safe and harmless when used in remedial drug or in the form of an anaesthetic. Xenon gas is ecologically clean and absolutely non-toxic in nature on account of which it is primarily used in the treatment of various brain diseases.
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
5 Global Xenon Gas Market
6 Market Breakup by Distribution Channel
7 Market Breakup by End-User
8 Market Breakup by Region
9 Xenon Gas Production
10 Competitive LandscapeAirgas Air Liquide Linde Messer Praxair Air Water American Gas BASF Core Gas Matheson Tri-Gas Proton Gas.
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Related Topics:Industrial and Specialty Gases
INDUSTRY KEYWORD: ENERGY OIL/GAS
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/19/2018 10:41 AM/DISC: 12/19/2018 10:41 AM