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Argon Gas Market Size, Share & Trends Analysis Report By Form, By End-Use (Food & Beverages, Chemicals, Pharmaceuticals, Electronics), By Region, And Segment Forecasts, 2023 - 2030

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    Report

  • 80 Pages
  • September 2023
  • Region: Global
  • Grand View Research
  • ID: 5893176
Description Jump to:
The global argon gas market is expected to reach USD 17.21 billion by 2030. The market is expected to expand at a CAGR of 6.8% from 2023 to 2030. Argon is often substituted by helium in various sectors; however, rising helium prices are projected to boost product demand in several applications. Expanding automobile sector is also anticipated to increase product demand as steel is one of the main components of this sector.

The solar energy market requires huge volumes of argon for manufacturing processes. Burgeoning energy markets are also expected to drive the product demand, owing to applications in the solar and insulated windows market. Argon and krypton gases are used for insulating windows to cover the space between glass panes to prevent cold air from coming inside the rooms. This factor is further projected to drive the market over the forecast period.

Growing lighting demand owing to the increasing number of malls, and shopping complexes are expected to drive product demand over the forecast period. Argon is a versatile gas and is used for various welding applications such as welding special alloys and the production of light bulbs and lasers. It can also provide oxygen and a nitrogen-free environment for various heating processes which is expected to drive the market over the forecast period.

Asia Pacific is also expected to witness rising product demand owing to growing developmental activities in emerging nations such as India and China among others. Europe experiences harsh weather conditions, thus utilization of the product for insulating windows is also expected to drive the industry demand in the region over the forecast period.

Market players are projected to undergo capacity expansion over the forecast period to eradicate the imbalance between demand and supply. This factor is anticipated to boost product demand, owing to reducing production costs of the product. Major market players operating in the market are Linde Gas LLC, BASF, AMCS Corporation, Praxair, Messer Group GmbH, Air Liquide, KBR, and National Industrial Gas Plants.

Argon Gas Market Report Highlights

  • North America region witnessed the fastest growth rate with a CAGR of 7.2% due to ongoing industrialization and increasing application of the product in various industries such as healthcare, manufacturing, metallurgy, and food & beverages
  • The healthcare application segment witnessed the fastest growth rate with a CAGR of 7.4% as it is used in the treatment of retinal detachment and retinal phototherapy for those who are diabetic; they are also used in surgeries to weld arteries and destroy tumours
  • In its gaseous form, argon is commonly utilized for manufacturing light bulbs. It is often used in combination with other rare gases to produce unique color effects in these bulbs.
  • Some key companies actively operating in this market are Air Products & Chemicals Inc., The Linde Group, Air Liquide, Messer Group, etc. These companies are operational in various stages of the industrial gases value chain and have multiple channels for the production and distribution of their finished products globally.
  • In February 2020, Air Products and Chemicals acquired Oxygen & Argon Works to provide major growth opportunities for Oxygen & Argon in the U.S.

Table of Contents

Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Market Definition
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Internal Database
1.4 Information analysis
1.5 Market formulation & data visualization
1.6 Data validation & publishing
1.6.1 Research scope and assumptions
1.6.2 List to Data Sources
Chapter 2 Executive Summary
2.1 Market Snapshot
2.2 Segmental Snapshot
2.3 Competitive Landscape Snapshot
Chapter 3 Argon gas: Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.2 Industry Value Chain Analysis
3.3 Price Trend Analysis, 2018 - 2030
3.4 Regulatory Framework
3.5 Market Dynamics
3.5.1 Market Driver Analysis
3.5.2 Market Restraint Analysis
3.5.3 Industry Challenges Analysis
3.5.4 Industry opportunities analysis
3.6 Industry Analysis - Porter’s Analysis
3.7 Macroeconomic Analysis - PESTLE
Chapter 4 Argon gas Market: Form Estimates & Trend Analysis
4.1 Form Movement Analysis & Market Share, 2022 & 2030
4.2 Argon gas Market Estimates & Forecast, by Form (Kilotons) (USD Million)
4.2.1 Gas
4.2.1.1 Gas Argon gas Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.2.2 Liquid Argon gas
4.2.2.1 Liquid Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5 Argon gas Market: End-Use Estimates & Trend Analysis
5.1 End-Use Movement Analysis & Market Share, 2022 & 2030
5.2 Argon gas Market Estimates & Forecast, by End-Use (Kilotons) (USD Million)
5.2.1 Healthcare
5.2.1.1 Argon gas Market Estimates and Forecasts, in Healthcare, 2018 - 2030 (Kilotons) (USD Million)
5.2.2 Food & Beverages
5.2.2.1 Argon gas Market Estimates and Forecasts, in Food & Beverages 2018 - 2030 (Kilotons) (USD Million)
5.2.3 Electronics
5.2.3.1 Argon gas Market Estimates and Forecasts, in Electronics 2018 - 2030 (Kilotons) (USD Million)
5.2.4 Manufacturing
5.2.4.1 Argon gas Market Estimates and Forecasts, in Manufacturing 2018 - 2030 (Kilotons) (USD Million)
5.2.5 Other End-Uses
5.2.5.1 Argon gas Market Estimates and Forecasts, in Other End-Uses 2018 - 2030 (Kilotons) (USD Million)
Chapter 6 Argon gas Market: Regional Estimates & Trend Analysis
6.1 Argon gas Market: Regional Outlook
6.2 North America
6.2.1 North America Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.2.2 U.S.
6.2.2.1 Key country dynamics
6 2.2.2 U.S. Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.2.3 Canada
6.2.3.1 Key country dynamics
6.2.3.2 Canada Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.2.4 Mexico
6.2.4.1 Key country dynamics
6.2.4.2 Mexico Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.3 Europe
6.3 1 Europe Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.3.2 Germany
6.3.2.1 Key country dynamics
6.3.2.2 Germany Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.3.3 Italy
6.3.3.1 Key country dynamics
6.3.3.2 Italy Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.3.4 Spain
6 3.4.1 Key country dynamics
6.3.4.2 Spain Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.3.5 UK
6.3.5.1 Key country dynamics
6.3.5.2 UK Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.3.6 France
6.3.6.1 Key country dynamics
6.3.6.2 France Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.3.7 Netherland
6.3.7.1 Key country dynamics
6.3.7.2 Netherland Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.3.8 Russia
6.3.8.1 Key country dynamics
6.3.8.2 Russia Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.3.9 Switzerland
6.3.9.1 Key country dynamics
6.3 9.2 Switzerland Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.4 Asia Pacific
6.4.1 Asia Pacific Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.4.2 China
6.4.2.1 Key country dynamics
6.4.2.2 China Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.4.3 India
6.4.3.1 Key country dynamics
6.4.3.2 India Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.4.4 Japan
6.4.4.1 Key country dynamics
6.4.4.2 Japan Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.4.5 Malaysia
6.4.5.1 Key country dynamics
6.4.5.2 Malaysia Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.4.6 Indoneisa
6.4.6.1 Key country dynamics
6.4.6.2 Indoneisa Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.4.7 Vietnam
6.4.7.1 Key country dynamics
6.4.7.2 Vietnam Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.4.8 Australia
6.4.8.1 Key country dynamics
6.4.8.2 Australia Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.4.9 New Zealand
6.4.9.1 Key country dynamics
6.4.9.2 New Zealand Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.5 Middle East & Africa
6.5.1 Middle East & Africa Argon gas Market Estimates & Forecasts, 2018 - 2030,(Kilotons) (USD Million)
6.5.2 Saudi Arabia
6.5.2.1 Key country dynamics
6.5.2.2 Saudi Arabia Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.5.3 South Africa
6.5.3.1 Key country dynamics
6.5.3.2 South Africa Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.5.4 Iran
6.5.4.1 Key country dynamics
6.5.4.2 Iran Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.5.5 Oman
6.5.5.1 Key country dynamics
6.5.5.2 Oman Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.5.6 Qatar
6.5.6.1 Key country dynamics
6.5.6.2 Qatar Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.5.7 Kuwait
6.5.7.1 Key country dynamics
6.5.7.2 Kuwait Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.5.8 Anghola
6.5.8.1 Key country dynamics
6.5.8 2 Angola Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.5.9 Nigeria
6.5.9.1 Key country dynamics
6.5.9.2 Nigeria Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.5.10 UAE
6.5.10.1 Key country dynamics
6.5.10.2 UAE Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.6 Central & South America
6.6.1 Central & South America Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.6.2 Brazil
6.6.2.1 Key country dynamics
6.6.2.2 Brazil Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.6.3 Argentina
6.6.3.1 Key country dynamics
6.6.3.2 Argentina Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.6.4 Colombia
6.6.4.1 Key country dynamics
6.6.4.2 Colombia Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.6.5 Chile
6.6.5.1 Key country dynamics
6.6.5.2 Chile Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7 Competitive Landscape
7.1 Company Categorization
7.2 Company Market Positioning
7.3 Company Heat Map Analysis
7.4 Strategy Mapping
7.5 Company Listing (Company Overview, Product Benchmarking, Financial Performance)
7.5.1 Air Products and Chemicals, Inc.
7.5.2 Gulf Cyro
7.5.3 Universal Industrial Gases, Inc.
7.5.4 NEXAIR
7.5.5 Southern Industrial Gas
7.5.6 Praxair
7.5.7 Taiyo Nippon Sanso
7.5.8 Axcel Gases
7.5.9 Linde Plc
7.5.10 Omega Air
7.5.11 Ellenbarrie Industrial Gases Ltd
7.5.12 Messer Group
7.5.13 Parker Hannifin Corp.
7.5.14 Dubai Industrial Gases
7.5.15 Yingde Gases Group
List of Tables
Table 1 U.S. macro-economic outlay
Table 2 Canada macro-economic outlay
Table 3 Mexico macro-economic outlay
Table 4 Germany macro-economic outlay
Table 5 UK macro-economic outlay
Table 6 France macro-economic outlay
Table 7 Italy macro-economic outlay
Table 8 Netherland macro-economic outlay
Table 9 Spain macro-economic outlay
Table 10 Switzerland macro-economic outlay
Table 11 Russia macro-economic outlay
Table 12 China macro-economic outlay
Table 13 India macro-economic outlay
Table 14 Japan macro-economic outlay
Table 15 Malaysia macro-economic outlay
Table 16 Indoneisa macro-economic outlay
Table 17 Vietnam macro-economic outlay
Table 18 Australia macro-economic outlay
Table 19 New Zealand macro-economic outlay
Table 20 Brazil macro-economic outlay
Table 21 Argentina macro-economic outlay
Table 22 Columbia macro-economic outlay
Table 23 Chile macro-economic outlay
Table 24 Saudi Arabia macro-economic outlay
Table 25 South Africa macro-economic outlay
Table 26 Iran macro-economic outlay
Table 27 Oman macro-economic outlay
Table 28 UAE macro-economic outlay
Table 29 Qatar macro-economic outlay
Table 30 Kuwait macro-economic outlay
Table 31 Nigeria macro-economic outlay
Table 32 Angola macro-economic outlay
Table 33 Participant’s Overview
Table 34 Financial Performance
Table 35 Product Benchmarking
Table 36 Recent Developments & Impact Analysis, By Key Market Participants
Table 37 Company Heat Map Analysis
Table 38 Key companies undergoing expansions
Table 39 Key companies involved in mergers & acquisitions
Table 40 Key companies undergoing partnerships
Table 41 Key companies launching new products
List of Figures
Fig. 1 Argon gas Market Segmentation & Scope
Fig. 2 Data analysis models
Fig. 3 Market formulation and validation
Fig. 4 Data validating & publishing
Fig. 5 Argon gas Market Snapshot
Fig. 6 Argon gas Market Segment Snapshot
Fig. 7 Argon gas Market Competitive Landscape Snapshot
Fig. 8 Argon gas Market: Value Chain Analysis
Fig. 9 Argon gas: Market Dynamics
Fig. 10 Argon gas Market: PORTER Analysis
Fig. 11 Argon gas Market: PESTLE Analysis
Fig. 12 Argon gas Market Estimates & Forecasts, by Form: Key Takeaways
Fig. 13 Argon gas Market Share, By Form, 2022 & 2030
Fig. 14 Gas Market Estimates & Forecasts, 2018-2030 (Kilotons) (USD Million)
Fig. 15 LiquidMarket Estimates & Forecasts, 2018-2030 (Kilotons) (USD Million)
Fig. 16 Argon gas Market Estimates & Forecasts, by End-Use: Key Takeaways
Fig. 17 Argon gas Market Share, By End-Use, 2022 & 2030
Fig. 18 Argon gas Market Estimates & Forecasts, in Food & Beverages 2018-2030 (Kilotons) (USD Million)
Fig. 19 Argon gas Market Estimates & Forecasts, in Chemicals 2018-2030 (Kilotons) (USD Million)
Fig. 20 Argon gas Market Estimates & Forecasts, in Pharmaceuticals 2018-2030 (Kilotons) (USD Million)
Fig. 21 Argon gas Market Estimates & Forecasts, in Electronics 2018-2030 (Kilotons) (USD Million)
Fig. 22 Argon gas Market Estimates & Forecasts, in Other End-Uses 2018-2030 (Kilotons) (USD Million)
Fig. 23 Argon gas Market Revenue, by Region, 2022 & 2030 (USD Million)
Fig. 24 North America Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 25 U.S. Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 26 Canada Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 27 Mexico Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 28 Europe Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 29 Germany Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 30 UK Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 31 France Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 32 Italy Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 33 Netherland Argon gas Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
Fig. 34 Belgium Argon gas Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
Fig. 35 Russia Argon gas Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
Fig. 36 Asia Pacific Argon gas Market Estimates & Forecasts, 2018-2030 (Kilotons) (USD Million)
Fig. 37 China Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 38 India Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 39 Japan Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 40 Malaysia Argon gas Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
Fig. 41 Indonesia Argon gas Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
Fig. 42 Vietnam Argon gas Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
Fig. 43 Australia Argon gas Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
Fig. 44 New Zealand Argon gas Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
Fig. 45 Central & South America Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 46 Brazil Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 47 Argentina Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 48 Columbia Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 49 Peru Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 50 Middle East & Africa Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 51 Saudi Arabia Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 52 Iran Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 53 Oman Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 54 UAE Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 55 Qatar Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 56 Kuwait Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 57 Nigeria Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 58 Angola Argon gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Fig. 59 Key Company Categorization
Fig. 60 Company Market Positioning

Companies Mentioned

  • Air Products and Chemicals, Inc.
  • Gulf Cyro
  • Universal Industrial Gases, Inc.
  • NEXAIR
  • Southern Industrial Gas
  • Praxair
  • Taiyo Nippon Sanso
  • Axcel Gases
  • Linde Plc
  • Omega Air
  • Ellenbarrie Industrial Gases Ltd
  • Messer Group
  • Parker Hannifin Corp.
  • Dubai Industrial Gases
  • Yingde Gases Group

Methodology

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Table Information

Report AttributeDetails
No. of Pages80
PublishedSeptember 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 10.2 Billion
Forecasted Market Value ( USD ) by 2030 $ 17.21 Billion
Compound Annual Growth Rate6.8%
Regions CoveredGlobal
No. of Companies Mentioned15

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