Global Rare Gas Market to reach a valuation of US$ 6.5 billion by 2034 | Future Market Insights, Inc. [Yahoo! Finance]
MITSUBISHI CH GRP U/ADR (MTLHY)
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Source: Yahoo! Finance
applications for rare gases and increase the demand in emerging technologies like renewable energy, quantum computing, and space exploration. NEWARK, Del, June 27, 2024 (GLOBE NEWSWIRE) -- The global rare gas market will reach a valuation of US$ 3.9 billion in 2024, owing to the factors such as electrification of transportation. The trend is set to create new opportunities for the market, leading to a projected CAGR of 5.1% between 2024 and 2034, and reaching a total valuation of approximately US$ 6.5 billion by 2034. Increasing investments in infrastructure projects, such as urban development, transportation networks, and renewable energy installations, drive the demand for rare gases used in construction materials, lighting, and energy efficient technologies. Advances in materials science, including the development of novel materials with unique properties enabled by rare gases, create new opportunities for rare gas utilization in sectors like electronics, optics, and coatings
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