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Noble & Elemental Gases in Europe Procurement Price, Data and Insights
Under standard conditions for temperature and pressure, noble gases, which are also referred to as rare or atmospheric gases, are colorless and odorless with low chemical reactivity. A number of industrial processes require noble and elemental gases, including cryogenics, welding, lighting and process controls. Typical buyers in this market include healthcare providers, electronics manufacturers, and construction companies. Noble and elemental gases are available through manufacturers and wholesalers.
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What’s included in this market coverage
IBISWorld's research coverage on the Noble & Elemental Gases procurement and pricing environment in Europe includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Noble & Elemental Gases market in Europe includes Argon, Helium, Hydrogen, Krypton, Neon, Nitrogen, Oxygen and Xenon. Standard coding in this coverage includes HS-2804-Hydrogen, Rare Gases And Other Non-Metals, ISIC-2011-Manufacture of basic chemicals, NACE-20.11-Manufacture Of Industrial Gases, NAICS-325120-Industrial Gas Manufacturing and UNSPSC-12142000-Noble gases.
What common market terminology is included?
Common market terminology included in the Noble & Elemental Gases procurement coverage includes Evergreen Clause (A clause in a contract that states the contract is automatically renewed when the initial agreement reaches the end of the term.), Price Redetermination Schedule (The schedule by which suppliers can reevaluate the price of the gas to account for changes in their cost of production.) and Allocation (The designated volume a buyer receives of a particular product in the event of severe supply shortages.).
What companies are included as top suppliers?
The top companies covered in the Noble & Elemental Gases procurement report as suppliers are Yara International ASA, Basf Se, Taiyo Nippon Sanso Corporation, Air Products and Chemicals, Inc. and Messer Group Gmbh.
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Noble & Elemental Gases market in Europe category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per cubic meter of gas (housed in cylinder), a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Noble & Elemental Gases market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Noble & Elemental Gases procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Noble & Elemental Gases market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Noble & Elemental Gases market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Noble & Elemental Gases?
The 2026 benchmark market price for Noble & Elemental Gases is €52.35 per cubic meter of gas (housed in cylinder). Prices have increased at a CAGR of 1.61 from 2023-26.
Who are the top vendors in the Noble & Elemental Gases market?
The top vendors in the Noble & Elemental Gases market include Yara International ASA, Basf Se, Taiyo Nippon Sanso Corporation, Air Products and Chemicals, Inc. and Messer Group Gmbh.
What industries supply the Noble & Elemental Gases market?
The top industries supplying the Noble & Elemental Gases market are Electric Utilities in Europe, Natural Gas Extraction in Europe, Tanks, Reservoir & Metal Container Manufacturing in Europe, Fabricated Metal Manufacturing in Europe, Natural Gas Extraction in Europe and Natural Gas Extraction in Europe.
What is the supply chain risk for Noble & Elemental Gases?
High market share concentration curtails buyer negotiation power and limits supplier options. Buyers face significant sourcing constraints due to the high market share concentration among noble and elemental gas suppliers in Europe, largely driven by steep entry barriers such as capital investment and technical expertise requirements. As a result, a few large producers hold dominant market positions, restricting buyers' ability to negotiate favorable contract terms and diversify risk. Procurement teams should proactively explore long-term agreements or volume commitments, while investigating secondary distribution channels to avoid over-reliance on any single supplier.
What factors affect the price of Noble & Elemental Gases?
The type of gas significantly affects pricing due to factors such as production costs, demand in specific industries, and market availability. For instance, helium is often priced higher due to its rarity and applications in healthcare and electronics, while nitrogen is more abundant and generally less expensive, reflecting its widespread use in industrial processes.
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