The rapidly growing healthcare sector provides vast opportunities for the rare gas market. Another significant issue limiting market expansion is the high cost of handling rare gases. The high cost of transportation and storage associated with the necessity for special preparations influences the market for rare gases. The high cost of rare gas storage & transportation is projected to restrain the rare gas market expansion. Because the pharmaceutical and healthcare industries are so concerned with patient safety, high-purity rare gases are in high demand. Pharma-grade rare gases are anticipated to meet pharmacopeia criteria to a high degree. The healthcare industry also relies heavily on rare gases.

Rare gas is also utilized as a filler in halogen lamps, energy-saving bulbs and gas discharge tubes in lit billboards. Now, the auto industry sells headlights that function using krypton. Companies like Amazon, Google and Facebook require tons of it for massive data centers, surging the demand for the helium-driven territory of zettabytes.Īdditionally, the use of gases like krypton is becoming more prevalent in the lighting industry. The use of helium reduces the amount of drag, thereby reducing the energy needed to spin the platters by 20%. The air in hard drives has been replaced with helium gas. The rare gas market is expected to increase significantly, reaching 160 zettabytes per year in 2025, requiring high demand for storage devices. Almost 3.7 billion people generate more than 2.5 quintillion bytes of data daily. The rare gas market is driven by the high demand from various industries to replace conventional operations with energy-efficient substitutes.

The most readily excited radiation spectrum is in the VUV and the phosphor conversion efficiency to visible light is inefficient. On the other hand, low-pressure discharges in rare gases have never been used for general lighting. Rare gas discharges have focused on intense research for more than a century. The unique property of rare gas is to produce bright light, which may be in the form of a laser (helium/neon laser) or a light source (xenon).

The rare gas market includes various applications such as filler gas, loadlock cooling, carrier gas, silicon ingot production, plasma, sputtering, and cryogenic cleaning. As per the research report by DataM Intelligence, the global rare gas market size was valued at USD YY billion in 2021 it is projected to reach USD YY billion by 2029, with growth at a CAGR of 6.0% over the forecast period 2022-2029.

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