Rare Gas Industry Size, Share, Demand & Growth by 2034
In the medical sector, helium gas is used in some of the most vital processes owing to its unique physical and chemical properties. Helium gas and oxygen are used to treat various diseases, including emphysema, asthma, and other respiratory diseases. It also finds applications in MRI scanners for generating images. This is anticipated to fuel sales of rare gases in the healthcare sector. According to Future Market Insights (FMI), the global rare gas industry is expected to grow at a 5.1% CAGR , reaching US$ 6.5 Billion by 2034. Similarly, argon is utilized as a surgical instrument in the healthcare sector. Coagulation of argon plasma is a non-contact technique that uses high-frequency stimulation of argon plasma to prevent bleeding through coagulation in surgical places. Moreover, growing applications in the aerospace and aircraft industries are anticipated to create opportunities for rare gas market players. Xenon is used as a propellant for i...