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Argon Global Market Report 2020

Starting Price : $ 4000.00 | Pages : 150 | Published : January 2020 | SKU CODE : 7270 | Format :


The argon market consists of sales of argon gas. Argon is a chemical element known as a Nobel gas (inert gas) isolated on a large scale by fractional distillation of liquid air and can be converted into colourless liquid form by lowering the temperature to below -186 degrees.

The global argon market was worth $ 5.04 billion in 2019. It is expected to grow at a rate of about 10% and reach $7.27 billion by 2023.

The argon market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. Asia Pacific accounts for around 39% of the market.

The argon gas market is expected to be driven by the growing demand from the electronics industry. As argon gas provides inert atmosphere needed for rapid cooling and heating of materials it will be widely used for manufacturing semiconductors, flat panels, solar PV cells and microelectronic devices in electronics industry. The electronics industry has more scope due to the growth in the technology market especially in Asia Pacific, which is driving the requirement for advanced semiconductor components and high reliance on specialty gases such as argon.

Rising costs had a negative impact on the growth of the argon gas market. This rise in raw material costs resulted in higher manufacturing costs, thus decreasing the investments available for research and development of new products. Additionally, companies invested heavily on marketing their products due to intense competition in the market. Rising trucking, railroad, dry-bulk and air-freight rates also negatively impacted the market. This rise in operating costs increased the pressure on companies to protect margins, while maintaining the quality of their products.

Many chemical manufacturers are adopting IoT (Internet of Things) technologies to connect equipment and smart devices to garner real time insights and locate gaps in the manufacturing process. The data obtained through these devices is processed, analyzed and interpreted by plant managers and senior level management to improve quality and achieve optimum production levels. For example, smart systems give information on the working condition and performance of chemical reactors with embedded software and analytics tools to notify plant operators and managers on possible machine breakdowns.  Major industrial gas manufacturers adopting IoT technology include Praxair-Linde and Air Products.

In October 2018, The Linde Group and Praxair, Inc. merged to create a combined entity with a market capitalization of $90 billion. As part of the agreement, Praxair shareholders will receive one share of Linde plc for each Praxair share. Linde AG shareholders will receive 1.54 shares of Linde plc for each Linde AG share tendered. This merger is expected to further consolidate the market by creating a global leader in terms of both sales and geographic footprint. Praxair has a strong presence in Eastern Europe and The Middle East, whereas Linde has a strong presence in Europe and Asia. The merged company is expected to be a leader in each of these four regions, thus leaving only three companies to compete in the industrial gas market on a global basis. Linde AG is a Brazil-based producer and supplier of industrial, process and specialty gases. Paxair is a US-based atmospheric, process, and specialty gases, and surface coatings producer.

The major players in the global argon market are Airgas, Air Liquide, Linde, Messer Group, Praxair, Air Water, Air Products, American Gas Group, BASF, and Buzwair.

The countries covered in the global argon market report are  Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, Australia

The global argon market is segmented: 1) By Phase: Liquid, Gas 2) By End-User: Metal manufacturing & fabrication, Chemicals, Energy, Healthcare, Electronics, Food & beverage, Others (includes scuba diving, automotive & transportation equipment)

    1. Executive Summary

    2. Argon Market Characteristics

    3. Argon Market Size And Growth

    3.1. Global Argon Historic Market, 2015 - 2019, $ Billion

    3.1.1. Drivers Of The Market

    3.1.2. Restraints On The Market

    3.2. Global Argon Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion

    3.2.1. Drivers Of The Market

    3.2.2. Restraints On the Market

    4. Argon Market Segmentation

    4.1. Global Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    Liquid

    Gas

    4.2. Global Argon Market, Segmentation By End-User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    Metal manufacturing & fabrication

    Chemicals

    Energy

    Healthcare

    Electronics

    Food & Beverages

    Others (includes scuba diving, automotive & transportation equipment)

    5. Argon Market Regional And Country Analysis

    5.1. Global Argon Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    5.2. Global Argon Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    6. Asia-Pacific Argon Market  

    6.1. Asia-Pacific Argon Market Overview  

    6.2. Asia-Pacific Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    7. China Argon Market  

    7.1. China Argon Market Overview  

    7.2. China Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,$ Billion

    8. India Argon Market  

    8.1. India Argon Market Overview  

    8.2. India Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    9. Japan Argon Market  

    9.1. Japan Argon Market Overview  

    9.2. Japan Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    10. Australia Argon Market  

    10.1. Australia Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    11. Indonesia Argon Market  

    11.1. Indonesia Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    12. South Korea Argon Market  

    12.1. South Korea Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    13. Western Europe Argon Market  

    13.1. Western Europe Argon Market Overview

    13.2. Western Europe Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    14. UK Argon Market  

    14.1. UK Argon Market Overview

    14.2. UK Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    15. Germany Argon Market  

    15.1. Germany Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    16. France Argon Market  

    16.3. France Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    17. Eastern Europe Argon Market  

    17.1. Eastern Europe Argon Market Overview

    17.2. Eastern Europe Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    18. Russia Argon Market  

    18.1. Russia Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    19. North America Argon Market  

    19.1. North America Argon Market Overview

    19.2. North America Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    20. USA Argon Market  

    20.1. USA Argon Market Overview

    20.2. USA Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    21. South America Argon Market  

    21.1. South America Argon Market Overview

    21.2. South America Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    22. Brazil Argon Market  

    22.1. Brazil Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    23. Middle East Argon Market  

    23.1. Middle East Argon Market Overview

    23.2. Middle East Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    24. Africa Argon Market  

    24.1. Africa Argon Market Overview

    24.2. Africa Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    25. Argon Market Competitive Landscape And Company Profiles

    25.1. Argon Market Competitive Landscape

    25.2. Argon Market Company Profiles

    25.2.1. Airgas

    25.2.1.1. Overview

    25.2.1.2. Products and Services

    25.2.1.3. Strategy

    25.2.1.4. Financial Performance

    25.2.2. Air Liquide

    25.2.2.1. Overview

    25.2.2.2. Products and Services

    25.2.2.3. Strategy

    25.2.2.4. Financial Performance

    25.2.3. Linde

    25.2.3.1. Overview

    25.2.3.2. Products and Services

    25.2.3.3. Strategy

    25.2.3.4. Financial Performance

    25.2.4. Messer Group

    25.2.4.1. Overview

    25.2.4.2. Products and Services

    25.2.4.3. Strategy

    25.2.4.4. Financial Performance

    25.2.5. Praxair

    25.2.5.1. Overview

    25.2.5.2. Products and Services

    25.2.5.3. Strategy

    25.2.5.4. Financial Performance

    26. Key Mergers And Acquisitions In The Argon Market

    27. Argon Market Trends And Strategies

    28. Argon Market Future Outlook and Potential Analysis

    29. Appendix

    29.1. Abbreviations

    29.2. Currencies

    29.3. Research Inquiries

    29.4. The Business Research Company

    29.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2015-2019, $ Billion
  • Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 3: Global Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 4: Global Argon Market, Segmentation By End-User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 5: Global Argon Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 6: Global Argon Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 7: Asia-Pacific, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 8: China, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 9: India, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 10: Japan, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 11: Australia, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 12: Indonesia, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 13: South Korea, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 14: Western Europe, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 15: UK, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 16: Germany, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 17: France, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 18: Eastern Europe, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 19: Russia, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 20: North America, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 21: USA, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 22: South America, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 23: Brazil, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 24: Middle East, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 25: Africa, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 26: Airgas Financial Performance
  • Table 27: Air Liquide Financial Performance
  • Table 28: Linde Financial Performance
  • Table 29: Messer Group Financial Performance
  • Table 30: Praxair Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2015-2019, $ Billion
  • Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 3: Global Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 4: Global Argon Market, Segmentation By End-User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 5: Global Argon Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 6: Global Argon Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 7: Asia-Pacific, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 8: China, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 9: India, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 10: Japan, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 11: Australia, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 12: Indonesia, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 13: South Korea, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 14: Western Europe, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 15: UK, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 16: Germany, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 17: France, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 18: Eastern Europe, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 19: Russia, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 20: North America, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 21: USA, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 22: South America, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 23: Brazil, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 24: Middle East, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 25: Africa, Argon Market, Segmentation By Phase, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 26: Airgas Financial Performance
  • Figure 27: Air Liquide Financial Performance
  • Figure 28: Linde Financial Performance
  • Figure 29: Messer Group Financial Performance
  • Figure 30: Praxair Financial Performance
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