Please Wait.....
Report
Argon Market Report by Type (Liquid Argon, Gas Argon), End User (Metal Manufacturing and Fabrication, Chemicals, Energy, Healthcare, Electronics, Food and Beverage, and Others), and Region 2023-2028
Market Report I 2023-07-05 I 143 Pages I IMARC Group
Market Overview:
The global argon market size reached US$ 395.35 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 542.75 Million by 2028, exhibiting a growth rate (CAGR) of 5.20% during 2023-2028. The rising argon applications in solar and insulated windows, increasing product use for welding processes, and surging utilization as a filling and carrier gas in the electronics and semiconductor industries represent some of the key factors driving the market.
Argon refers to a noble gas that appears colorless, odorless, and chemically inert to most substances. It is the third most abundant gas in earth's atmosphere that is non-toxic and inflammable in nature. It is commercially produced via the fractional distillation of liquid air. It is commonly used as a substitute for nitrogen across various end use sectors. Argon is employed in several industrial processes and applications, such as welding, lighting, preservatives, and laboratory equipment. Besides this, it finds extensive applications in the pharmaceutical and biotechnology sectors. It can also provide an oxygen and nitrogen-free environment for numerous heating processes. At present, argon is widely used in the chemical industries, although it is not a chemical itself owing to its unique properties that help innovate new products and reduce production costs.
Argon Market Trends:
The escalating demand for argon from end use verticals, including electronics, stainless steel, and fabricated metalworking, represents the primary factor driving the market growth. Moreover, the ongoing infrastructure development activities and the rapid expansion in the automotive sector have augmented the steel demand, thereby contributing to market growth. Besides this, the emerging energy industry is catalyzing the demand for argon due to its applications in solar and insulated windows. Argon and krypton gases are widely used for insulating windows to cover the space between glass panels to prevent cold air from entering the rooms. Alongside this, the surging need for argon in vast volumes for manufacturing processes across the solar energy sector represents another major growth-inducing factor. In addition, there is a rise in the use of argon for welding applications, such as welding special alloys, and in the production of light bulbs and lasers. As a result, the growing lighting demand due to the rising number of malls, shopping complexes, and other commercial establishments has propelled market growth. Furthermore, the increasing product utilization as a filling gas in fluorescent tubes and electronic components and as a carrier gas in semiconductor manufacturing processes, such as plasma etching, ion etching, and ion milling, have fueled the market growth. Other factors, including the augmenting product demand from the metal-making sectors, rising adoption of electrospray ionization mass spectrometry in the healthcare industry, rapid industrialization, and technological innovations, are also driving the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global argon market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on type and end user.
Type Insights:
Liquid Argon
Gas Argon
The report has provided a detailed breakup and analysis of the argon market based on the type. This includes liquid argon and gas argon.
End User Insights:
Metal Manufacturing and Fabrication
Chemicals
Energy
Healthcare
Electronics
Food and Beverage
Others
A detailed breakup and analysis of the argon market based on the end user has also been provided in the report. This includes metal manufacturing and fabrication, chemicals, energy, healthcare, electronics, food and beverage, and others. According to the report, metal manufacturing and fabrication accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for argon. Some of the factors driving the Asia Pacific argon market included the significant growth in automobile and energy sectors, rising utilization of argon for insulating windows owing to harsh weather conditions, increasing infrastructure development activities, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global argon market. Detailed profiles of all major companies have been provided. Some of the companies covered include Air Liquide India, Air Products and Chemicals Inc., Amcs Corporation, BASF SE, Buzwair Industrial Gases Factories, Iwatani Corporation, Linde plc, Messer SE & Co. KGaA, Wesfarmers Company, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
How has the global argon market performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global argon market?
What is the impact of each driver, restraint, and opportunity on the global argon market?
What are the key regional markets?
Which countries represent the most attractive argon market?
What is the breakup of the market based on the type?
Which is the most attractive type in the argon market?
What is the breakup of the market based on the end user?
Which is the most attractive end user in the argon market?
What is the competitive structure of the global argon market?
Who are the key players/companies in the global argon market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Argon Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Liquid Argon
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Gas Argon
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by End User
7.1 Metal Manufacturing and Fabrication
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Chemicals
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Energy
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Healthcare
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Electronics
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Food and Beverage
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Others
7.7.1 Market Trends
7.7.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
9.1 Overview
9.2 Drivers
9.3 Restraints
9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Air Liquide India
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Financials
13.3.1.4 SWOT Analysis
13.3.2 Air Products and Chemicals Inc.
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Financials
13.3.2.4 SWOT Analysis
13.3.3 Amcs Corporation
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.4 BASF SE
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Financials
13.3.4.4 SWOT Analysis
13.3.5 Buzwair Industrial Gases Factories
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6 Iwatani Corporation
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Financials
13.3.6.4 SWOT Analysis
13.3.7 Linde plc
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Financials
13.3.8 Messer SE & Co. KGaA
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.9 Wesfarmers Company
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
Figure 1: Global: Argon Market: Major Drivers and Challenges
Figure 2: Global: Argon Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Argon Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 4: Global: Argon Market: Breakup by Type (in %), 2022
Figure 5: Global: Argon Market: Breakup by End User (in %), 2022
Figure 6: Global: Argon Market: Breakup by Region (in %), 2022
Figure 7: Global: Argon (Liquid Argon) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Argon (Liquid Argon) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Argon (Gas Argon) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Argon (Gas Argon) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Argon (Metal Manufacturing and Fabrication) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Argon (Metal Manufacturing and Fabrication) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Argon (Chemicals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Argon (Chemicals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Argon (Energy) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Argon (Energy) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Argon (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Argon (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Argon (Electronics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Argon (Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Argon (Food and Beverage) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Argon (Food and Beverage) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Argon (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Argon (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: North America: Argon Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: North America: Argon Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: United States: Argon Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: United States: Argon Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Canada: Argon Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Canada: Argon Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Asia-Pacific: Argon Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Asia-Pacific: Argon Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: China: Argon Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: China: Argon Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Japan: Argon Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Japan: Argon Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: India: Argon Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: India: Argon Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: South Korea: Argon Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: South Korea: Argon Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Australia: Argon Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Australia: Argon Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Indonesia: Argon Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Indonesia: Argon Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Others: Argon Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Others: Argon Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Europe: Argon Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Europe: Argon Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Germany: Argon Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Germany: Argon Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: France: Argon Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: France: Argon Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: United Kingdom: Argon Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: United Kingdom: Argon Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Italy: Argon Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Italy: Argon Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Spain: Argon Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Spain: Argon Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Russia: Argon Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Russia: Argon Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Others: Argon Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Others: Argon Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Latin America: Argon Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Latin America: Argon Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Brazil: Argon Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Brazil: Argon Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Mexico: Argon Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Mexico: Argon Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Others: Argon Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Others: Argon Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Middle East and Africa: Argon Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Middle East and Africa: Argon Market: Breakup by Country (in %), 2022
Figure 73: Middle East and Africa: Argon Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Global: Argon Industry: Drivers, Restraints, and Opportunities
Figure 75: Global: Argon Industry: Value Chain Analysis
Figure 76: Global: Argon Industry: Porter's Five Forces Analysis
Table 1: Global: Argon Market: Key Industry Highlights, 2022 & 2028
Table 2: Global: Argon Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Argon Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 4: Global: Argon Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Argon Market: Competitive Structure
Table 6: Global: Argon Market: Key Players
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security