In 2023, Canada's import of rare gases was 5.87 million kilograms. The forecast suggests a steady increase from 6.0429 million kilograms in 2024 to 6.7222 million kilograms by 2028, reflecting a consistent upward trend. The year-on-year growth from 2024 to 2028 varies between 2.89% to 2.55%. The Compound Annual Growth Rate (CAGR) across this period is anticipated to be approximately 2.73% per year over the five-year span. These trends indicate a steady demand increase for rare gases.
Future trends to watch for:
- Technological advances in industries utilizing rare gases.
- Potential geopolitical impacts influencing supply chains.
- Environmental policies affecting the sourcing and usage of rare gases.
