Xenon Price Trend and Forecast
Get the latest insights on price movement and trend analysis of Xenon in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Xenon Price Trend for the Second Half of 2024
In H2 2024, xenon prices remained largely range-bound with limited volatility, reflecting a stable market trend. Global production levels met industrial demand, supported by consistent extraction from air separation units. The market benefited from ongoing decarbonization efforts, such as Air Liquide's large-scale low-carbon initiatives, which enhanced the supply of rare gases, including xenon. However, minor fluctuations arose from regional variations in demand, particularly in the electronics and aerospace sectors, which are major consumers of xenon.
Xenon Price Chart
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While Europe experienced steady pricing due to balanced supply-demand dynamics, some oscillations were noted in Asia, driven by intermittent increases in semiconductor production. North America saw a more consolidated trend, as new low-carbon projects ensured adequate supply without substantial disruption. Despite these variations, xenon prices reflected an overall balanced market sentiment for the majority of the said period.
Analyst Insight
According to Procurement Resource, the current supply and demand outlook of xenon gas suggests continued consolidation of prices in the coming months as well. Not much change is expected.
Procurement Resource provides latest prices of Xenon. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Xenon is a colorless, odorless, and dense noble gas with the chemical symbol **Xe** and atomic number 54. Found in trace amounts in Earth's atmosphere, it is chemically inert under most conditions. Xenon exhibits unique physical properties, including high atomic mass and low thermal conductivity, making it valuable in various applications. It is used in high-intensity lighting, spacecraft ion propulsion, medical imaging, and as a component in lasers. Despite its rarity, xenon's stability and versatility make it significant in both industrial and scientific fields.
Report Features | Details |
Product Name | Xenon |
Chemical Formula | Xe |
Molecular Weight | 131.29 |
HS Code | 85394100 |
CAS number | 7440-63-3 |
Supplier Database | Air Liquide, Air Products and Chemicals, Inc., Akela-p Medical Gases P. Ltd., Bhuruka Gases Ltd, Coregas Pty Ltd., Linde plc, Matheson Tri-Gas, Inc |
Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
Currency | US$ (Data can also be provided in local currency) |
Supplier Database Availability | Yes |
Customization Scope | The report can be customized as per the requirements of the customer |
Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Xenon, a noble gas, is widely used in industries due to its unique properties. It is utilized in high-intensity discharge (HID) lamps for car headlights, projectors, and stadium lighting. Xenon is crucial in ion propulsion systems for spacecraft, thanks to its inertness and high atomic mass. It is employed in medical imaging as an anesthetic and contrast agent in imaging techniques like CT scans. Additionally, xenon is used in plasma displays, nuclear research as a detector gas, and in specialized applications like excimer lasers for microlithography and eye surgery.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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