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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 : October 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) that is 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 main phases of argon are liquid and gas. The liquid is flowing freely like water. Argon is used for 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 argon market research report is one of a series of new reports from The Business Research Company that provides argon market statistics, including argon industry global market size, regional shares, competitors with an argon market share, detailed argon market segments, market trends and opportunities, and any further data you may need to thrive in the argon industry. This argon market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. 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 a 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 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 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 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. Israel's 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 & fabrication, Chemicals, Energy, Healthcare, Electronics, Food & beverage, Other End-Users (includes scuba diving, automotive & transportation equipment)

    Table Of Contents

    1. Executive Summary

    2. Argon Market Characteristics

    3. Argon Market – Macro Economic Scenario

    3.1 COVID-19 Impact On Argon Market

    3.2 Ukraine-Russia War Impact On Argon Market

    3.3 Impact Of High Inflation On Argon Market

    4. Argon Market Size And Growth

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

    4.1.1. Drivers Of The Market

    4.1.2. Restraints On The Market

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

    4.2.1. Drivers Of The Market

    4.2.2. Restraints On the Market

    5. Argon Market Segmentation

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

    Liquid

    Gas

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

    Cooling

    Illumination

    Illusion

    5.3. Global Argon Market, Segmentation By End Userr, 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)

    6. Argon Market Regional And Country Analysis

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

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

    7. Asia-Pacific Argon Market  

    7.1. Asia-Pacific Argon Market Overview  

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

    8. China Argon Market  

    8.1. China Argon Market Overview  

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

    9. India Argon Market  

    9.1. India Argon Market Overview  

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

    10. Japan Argon Market  

    10.1. Japan Argon Market Overview  

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

    11. Australia Argon Market  

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

    12. Indonesia Argon Market  

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

    13. South Korea Argon Market  

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

    14. Western Europe Argon Market  

    14.1. Western Europe Argon Market Overview

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

    15. UK Argon Market  

    15.1. UK Argon Market Overview

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

    16. Germany Argon Market  

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

    17. France Argon Market  

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

    18. Eastern Europe Argon Market  

    18.1. Eastern Europe Argon Market Overview

    18.2. Eastern Europe Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    19. Russia Argon Market  

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

    20. North America Argon Market  

    20.1. North America Argon Market Overview

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

    21. USA Argon Market  

    21.1. USA Argon Market Overview

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

    22. South America Argon Market  

    22.1. South America Argon Market Overview

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

    23. Brazil Argon Market  

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

    24. Middle East Argon Market  

    24.1. Middle East Argon Market Overview

    24.2. Middle East Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    25. Africa Argon Market  

    25.1. Africa Argon Market Overview

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

    26. Argon Market Competitive Landscape And Company Profiles

    26.1. Argon Market Competitive Landscape

    26.2. Argon Market Company Profiles

    26.2.1. Airgas

    26.2.1.1. Overview

    26.2.1.2. Products and Services

    26.2.1.3. Strategy

    26.2.1.4. Financial Performance

    26.2.2. Air Liquide

    26.2.2.1. Overview

    26.2.2.2. Products and Services

    26.2.2.3. Strategy

    26.2.2.4. Financial Performance

    26.2.3. Linde

    26.2.3.1. Overview

    26.2.3.2. Products and Services

    26.2.3.3. Strategy

    26.2.3.4. Financial Performance

    26.2.4. Messer Group

    26.2.4.1. Overview

    26.2.4.2. Products and Services

    26.2.4.3. Strategy

    26.2.4.4. Financial Performance

    26.2.5. Praxair

    26.2.5.1. Overview

    26.2.5.2. Products and Services

    26.2.5.3. Strategy

    26.2.5.4. Financial Performance

    27. Key Mergers And Acquisitions In The Argon Market

    28. Argon Market Trends And Strategies

    30. Argon Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. 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 Userr, 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

List Of Figures

    Figure 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Figure 2: Global Forecast Market Growth, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 3: Global Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 4: Global Argon Market, Segmentation By Function, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 5: Global Argon Market, Segmentation By End Userr, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 6: Global Argon Market, Split By Region, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 7: Global Argon Market, Split By Country, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 8: Asia-Pacific, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 9: China, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 10: India, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 11: Japan, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 12: Australia, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 13: Indonesia, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 14: South Korea, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 15: Western Europe, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 16: UK, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 17: Germany, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 18: France, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 19: Eastern Europe, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 20: Russia, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 21: North America, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 22: USA, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 23: South America, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 24: Brazil, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 25: Middle East, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 26: Africa, Argon Market, Segmentation By Phase, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 27: Airgas Financial Performance
  • Figure 28: Air Liquide Financial Performance
  • Figure 29: Linde Financial Performance
  • Figure 30: Messer Group Financial Performance
  • Figure 31: Praxair Financial Performance
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