Global Argon Market Data And Industry Growth Analysis

Argon Global Market Report 2020 - By Phase (Liquid, Gas), By End-User (Metal manufacturing & fabrication, Chemicals, Energy, Healthcare, Electronics, Food & beverage, Others (includes scuba diving, automotive & transportation equipment))

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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)

Table Of Contents

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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