Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Argon Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Projected Market Size of the Argon Industry in 2024 and 2025?
The Argon market has been expanding significantly in the past few years. It was projected to increase from a value of $7.46 billion in 2024 to $8.19 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 9.9%.
What Is the Projected Market Size of the Argon Market in 2029?
The Argon market is predicted to expand to a size of $12.42 billion in 2029, with a compound annual growth rate (CAGR) of 11.0%.
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What Are the Key Drivers of Argon Market Growth?
The key Drivers in the argon market are:
• Rising demand from the electronics industry
• Widespread use of argon gas in manufacturing semiconductors, flat panels and microelectronic devices
• Ongoing growth and development in the technology market
• Increased reliance on specialty gases like argon within the Asia-Pacific region.
What Are the Primary Segmentation Categories in the Argon Market?
The argonmarket covered in this report is segmented –
1) By Phase: Liquid, Gas
2) By Function: Cooling, Illumination, Illusion
3) By End User: Metal manufacturing & fabrication, Chemicals, Energy, Healthcare, Electronics, Food & beverage, Other End-Users
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What Are the Major Trends Shaping the Argon Market in 2025 and Beyond?
The key trends in the argon market are:
• Adoption of IoT technologies by chemical manufacturers is a significant trend.
• Gaining real-time insights and identifying gaps in the manufacturing process is becoming prevalent.
• Use of data acquired through smart systems to improve quality and achieve optimum production levels is on the rise.
• Major industrial gas manufacturers are increasingly incorporating IoT technology into their operations.
Who Are the Emerging Players in the Argon Market?
The key players in the argon market are:
• BASF SE
• Iwatani Corporation
• Saudi Basic Industries Corporation
• Linde plc
• L'Air Liquide S.A.
• Praxair Inc.
• Air Products and Chemicals Inc.
• Nippon Sanso Holdings Corporation
• Airgas Inc.
• Air Water Inc.
• Asia Technical Gas Co. Ltd.
• Cryotec Anlagenbau GmbH
• SIAD S.p.A.
• The Messer Group GmbH
• Messer Group GmbH
• SOL S.p.A.
• Nexair LLC
• Coregas Pty Ltd.
• Taiyo Nippon Sanso Corporation
• Universal Industrial Gases Inc.
• Buzwair Industrial Gases Factories
• Southern Industrial Gas Berhad
• Cryogas Equipment Pvt Ltd.
• Dubai Industrial Gases
• NIPPON GASES EUROPE S.A.U.
• J.V.C. Industrial Corporation
• BOC India Limited
• Gulf Cryo Holding K.S.C.C.
• Kanto Kagaku Co. Ltd.
• Hangzhou Hangyang Company Limited
Which Regions Are Leading the Growth in the Global Argon Market?
Asia-Pacific was the largest region in the argon market in 2024
