Report

Global Argon Gas Market Size study, By Mixture, By Storage & Distribution and Transportation, By Function, By End-Use Industry, and Regional Forecasts 2022-2028

  • Publish Date: Apr,2022
  • Report ID: QI037
  • Page : 250
  • Report Type : PDF (Email)
Global Argon Gas Market Size study, By Mixture (Argon-carbon dioxide, Argon-oxygen, Argon-Helium, Argon-Hydrogen, Others), By Storage & Distribution and Transportation (Cylinder & packaged gas, Merchant liquid/bulk, Tonnage), By Function (Insulation, Illumination, Cooling), By End-Use Industry (Metal manufacturing & fabrication, Chemicals, Energy, Healthcare, Electronics, Food & beverage, Others), and Regional Forecasts 2022-2028Global Argon Gas Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028.

Argon is an inert, odorless, and colorless gas that is obtained from the fractional distillation of liquid air. The ubiquitous argon gas presents in its natural form in the type of several elements such as 36Ar, 38Ar, and 40Ar. Argon gas is highly adopted for shielding materials from oxidation during welding because of its inert reactivity property. It is also utilized for the connection of some ferrous and nonferrous alloys. The growing demand for electronic goods, technological developments, and rising application of argon gases across various applications automotive, electronics, lighting, energy, metal fabrication, healthcare, and many others are the primary factors for the market growth across the globe. For instance, according to the Indian Brand Equity Foundation (IBEF), in 2019, the appliances and consumer electronics market reached nearly USD 10.93 billion in India and is likely to increase to USD 21.18 billion by the end of 2025. However, the high cost of transportation due to rising fuel prices impedes the growth of the market over the forecast period of 2022-2028. Also, the potential development of the chemical industry is anticipated to act as a catalyzing factor for the market demand during the forecast period.

The key regions considered for the global Argon Gas market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growth of the pharmaceuticals industry and rising demand by the food & beverage sector. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as infrastructural developments, technological advancements, as well as rising industrialization in emerging nations, would create lucrative growth prospects for the Argon Gas market across the Asia-Pacific region.
Major market players included in this report are:
Air Liquide
Air Products and Chemicals, Inc.
Iwatani Corporation.
Praxair Technology, Inc.
Linde, Advanced Specialty Gases.
Airgas, Inc.
Messer Group GmbH
Matheson Tri-Gas, Inc.
BASF SE
AMCS Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Mixture:
Argon-carbon dioxide
Argon-oxygen
Argon-Helium
Argon-Hydrogen
Others
By Storage & Distribution and Transportation:
Cylinder & packaged gas
Merchant liquid/bulk
Tonnage
By Function:
Insulation,
Illumination
Cooling
By End-Use Industry:
Metal manufacturing & fabrication
Chemicals
Energy
Healthcare
Electronics
Food & beverage
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028

Target Audience of the Global Argon Gas Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors







Companies Mentioned

Air Liquide
Air Products and Chemicals, Inc.
Iwatani Corporation.
Praxair Technology, Inc.
Linde, Advanced Specialty Gases.
Airgas, Inc.
Messer Group GmbH
Matheson Tri-Gas, Inc.
BASF SE
AMCS Corporation