Argon Global Market Report 2022 – By Phase (Liquid, Gas), By Function (Cooling, Illumination, Illusion), By End-User (Metal manufacturing & fabrication, Chemicals, Energy, Healthcare, Electronics, Food & beverage, Other End-Users (includes scuba diving, automotive & transportation equipment) – Market Size, Trends, And Global Forecast 2022-2026

Starting Price : $4000.00 | Pages : 175 | Published : April 2022 | SKU CODE : 7270 | Delivery Time: 2-3 business days | 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 colorless liquid form by lowering the temperature to below -186 degrees.

The main phases of argon are liquid and gas. The liquid is flowing freely like water The argon is used in functions such as cooling, illumination, and illusion. These are used By End-Users such as metal manufacturing and fabrication, chemicals, energy, healthcare, electronics, food and beverage, and other sectors.

The global argon market is expected to grow from $5.27 billion in 2021 to $6.06 billion in 2022 at a compound annual growth rate (CAGR) of 15.1%. The argon market is expected to grow to $9.32 billion in 2026 at a CAGR of 11.4%.

The argon gas market is expected to be driven by the growing demand from the electronics industry. As argon gas provides an 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 the 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.

Increasing 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 in 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 increase 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 of possible machine breakdowns. Major industrial gas manufacturers adopting IoT technology include Praxair-Linde and Air Products.

In December 2020, Air Products & Chemicals, a US corporation, purchased the Oxygen and Argon works for NIS 575 million ($176.84 million). This acquisition aids Air Products & Chemicals' business expansion and rapid growth potential. Oxygen & Argon Works is Israel's leading producer of industrial gases including helium, oxygen, hydrogen, and argon.

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

Asia Pacific was the largest region in the argon market in 2021. North America was the second-largest region in the argon market. The regions covered in the argon market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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

The global argon market is segmented -

1) By Phase: Liquid, Gas

2) By Function: Cooling, Illumination, Illusion

3) By End-User: Metal Manufacturing and Fabrication, Chemicals, Energy, Healthcare, Electronics, Food and Beverage, Others (includes Scuba Diving, Automotive and Transportation Equipment)

    Table Of Contents

    1. Executive Summary

    2. Argon Market Characteristics

    3. Argon Market Size And Growth

    3.1. Global Argon Historic Market, 2016 - 2021, $ Billion

    3.1.1. Drivers Of The Market

    3.1.2. Restraints On The Market

    3.2. Global Argon Forecast Market, 2021- 2026F, 2031F, $ 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, 2016-2021, 2026F, 2031F, $ Billion

    Liquid

    Gas

    4.2. Global Argon Market, Segmentation By Function, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    Cooling

    Illumination

    Illusion

    4.3. Global Argon Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    Metal manufacturing & fabrication

    Chemicals

    Energy

    Healthcare

    Electronics

    Food & Beverages

    Other End-Users (includes scuba diving, automotive & transportation equipment)

    5. Argon Market Regional And Country Analysis

    5.1. Global Argon Market, Split By Region, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    5.2. Global Argon Market, Split By Country, Historic and Forecast, 2016-2021, 2026F, 2031F, $ 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, 2016-2021, 2026F, 2031F, $ Billion

    7. China Argon Market

    7.1. China Argon Market Overview

    7.2. China Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F,$ Billion

    8. India Argon Market

    8.1. India Argon Market Overview

    8.2. India Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    9. Japan Argon Market

    9.1. Japan Argon Market Overview

    9.2. Japan Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    10. Australia Argon Market

    10.1. Australia Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    11. Indonesia Argon Market

    11.1. Indonesia Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    12. South Korea Argon Market

    12.1. South Korea Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ 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, 2016-2021, 2026F, 2031F, $ Billion

    14. UK Argon Market

    14.1. UK Argon Market Overview

    14.2. UK Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    15. Germany Argon Market

    15.1. Germany Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    16. France Argon Market

    16.3. France Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ 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, 2016-2021, 2026F, 2031F, $ Billion

    18. Russia Argon Market

    18.1. Russia Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ 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, 2016-2021, 2026F, 2031F, $ Billion

    20. USA Argon Market

    20.1. USA Argon Market Overview

    20.2. USA Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ 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, 2016-2021, 2026F, 2031F, $ Billion

    22. Brazil Argon Market

    22.1. Brazil Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ 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, 2016-2021, 2026F, 2031F, $ Billion

    24. Africa Argon Market

    24.1. Africa Argon Market Overview

    24.2. Africa Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ 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, 2016-2021, $ Billion
  • Table 2: Global Forecast Market Growth, 2016-2021, 2026F, 2031F, $ Billion
  • Table 3: Global Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 4: Global Argon Market, Segmentation By Function, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 5: Global Argon Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 6: Global Argon Market, Split By Region, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 7: Global Argon Market, Split By Country, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 8: Asia-Pacific, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 9: China, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 10: India, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 11: Japan, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 12: Australia, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 13: Indonesia, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 14: South Korea, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 15: Western Europe, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 16: UK, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 17: Germany, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 18: France, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 19: Eastern Europe, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 20: Russia, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 21: North America, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 22: USA, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 23: South America, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 24: Brazil, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 25: Middle East, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 26: Africa, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 27: Airgas Financial Performance
  • Table 28: Air Liquide Financial Performance
  • Table 29: Linde Financial Performance
  • Table 30: Messer Group Financial Performance
  • Table 31: Praxair Financial Performance

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