Report Code: A07285 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Xenon Gas Market
Request Now !Xenon is an odorless, colorless, tasteless, inflammable, monatomic, and nonreactive noble gas. Among the noble gases, xenon is the brightest, and emits blue light when electric current is passed through it; this property is utilized for lighting purpose. Xenon gas is a trace gas, which can be found in earth’s atmosphere and can also be obtained or produced commercially as a by-product during the separation of oxygen and nitrogen in air-separation units. This gas is stored in metal containers or sealed glass under standard temperature and pressure.
COVID-19 impact analysis
Emergence of pandemic situation is disrupting the global chemical industry and various niche product segments, and xenon gas is being one of them. Owing to the outbreak of coronavirus, the government across the various geographies has been regulating nationwide lockdown practices, which have resulted in various industries to stop their production activities. Since construction, aerospace, industrial manufacturing processed, and automotive are major consumers of xenon gas, these industries have refrained their production activities leading to wide gap between supply and demand. Moreover, nationwide lockdown has led to decline in demand for xenon gas to great extent.
Surge in demand for insulated windows in the commercial and industrial space is a key factor boosting the growth of the global xenon gas market. Moreover, xenon gas does not react to heat; thus, it is best suited for use in lighting solutions. In addition, the market for xenon gas is driven by rise in demand from the lighting solutions and insulation industries. Furthermore, rise in health concerns due to the reactivity of other gases such as hydrogen, carbon, and sulfur augments the demand for xenon gas, which significantly contributes toward the growth of the global market.
Asia-Pacific is expected to dominate the market of xenon gas, due to rise in demand for xenon gas in aerospace industry and energy-efficient applications.
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Xenon Gas Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | Proton Gases (India) Pvt. Ltd., Praxair Technology, Inc., Cryoin Engineering Ltd., Iceblick LLC, American Gas Products, Matheson Tri-Gas, Inc., Messer Group GmbH |
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