Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players√Ę‚ā¨‚ĄĘ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Request Free Sample
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.
Speak to Analyst

Gas and Liquid Argon Market Research Report Information by Type (Gas, Liquid), by Mixture (Ar-CO2, Ar-O2, Ar-He, Ar-H2, Others), by Function (Cooling, Illumination, Illusion), by End-use (Welding & Metal Fabrication, Automotive & Transportation, Food & Beverage, Healthcare, Electronics, Energy, Others), and Region - Forecast to 2030


ID: MRFR/CnM/5649-CR | 235 Pages | Author: Anshula Mandaokar| January 2019

Gas and Liquid Argon Market Overview The global gas and liquid argon market is projected to expand at a healthy CAGR of 5.52% during the assessment period (2021-2030). The market is expected to reach a valuation of USD 475.3 million by the end of 2028. Argon, an atomic number 18 noble gas, is extensively employed in metalworking applications to minimize contact between the metal and ambient elements, which could result in a reaction between the metal and air oxygen or nitrogen. This includes dying casting hot metals and metal alloys, where the increased heat can speed up interactions with ambient elements. It is also employed in welding carbon and stainless-steel alloys, where even the tiniest amount of nitrogen in the air can have a significant impact on the ductility and structural strength of the weld. Argon is also utilized in steel production for bubbling, which aids in the removal of impurities from the steel mix. While stirring, the consistency of the mixture's composition is ensured. The increased usage of argon in metalworking processes in the electronics and energy industries is expected to be a prominent driver for the worldwide gas and liquid argon market. Over the projected period, the expanding application scope of argon in the healthcare sector is expected to be a major contributor to the growth of the gas and liquid argon market. The increased use of structural adhesives instead of argon in welding operations, on the other hand, is expected to work against the worldwide gas and liquid argon market throughout the forecast period.

Report Overview


The report provides a thorough look at the global gas and liquid argon market by profiling its key segments in order to provide readers with a comprehensive understanding of the granular structure of the market. A fruitful combination of primary and secondary research is used in the report to ensure the accuracy and comprehensiveness of the information presented therein. The global gas and liquid argon market is segmented on the basis of type, mixture, function, end-use industry, and region in the report. The competitive landscape of the global gas and liquid argon market is also studied in the report in order to acquaint readers with the major players operating in the global gas and liquid argon market and the key strategies they are using to ensure continued success in the market over the forecast period.


Segmentation Overview


The global gas and liquid argon market is segmented by type into gas and liquid. By mixture, the global gas and liquid argon market is segmented into Ar-CO2, Ar-O2, Ar-He, Ar-H2, and others. By function, the gas and liquid argon market is segmented into cooling, illumination, and insulation. Key end-use industries in the global gas and liquid argon market include welding and metal fabrication, automotive and transportation, electronics, food and beverage, healthcare, energy, and others.


Regional Overview


Regionally, the global gas and liquid argon market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Asia Pacific accounted for the major share in the global gas and liquid argon market in 2016, followed by North America and Europe. The Middle East & Africa and Latin America markets are likely to hold comparatively minor positions in the global gas and liquid argon market over the forecast period.


Competitive Landscape


Major companies profiled in the report include Air Liquide (France), Praxair Inc. (U.S.), Messer Group (Germany), Eurochem (Switzerland), BASF SE (Germany), Nippon Shokubai Co. Ltd. (Japan), SOL Spa (Italy), SABIC (Saudi Arabia), The Linde Group (Germany), and Air Products and Chemicals Inc. (U.S.).


Research Methodology


Primary and secondary research have been used to profile the global gas and liquid argon market and present to readers an accurate overview of the intricacies of the market. Primary research channels used by MRFR analysts include leading players in the global gas and liquid argon market, whereas secondary research is conducted through reliable sources such as SEC filings, whitepapers, and press releases. Every precaution is taken to ensure the accuracy of the data presented in the report.


Analysis Period



  • Base Year ‚Äď 2017

  • Projection Period - From 2018 to 2023

  • Market Valuation - USD Million

  • Market Volume - Kilotons


For the scope of the report, the gas and liquid argon market is segmented in the following manner


Type



  • Gas

  • Liquid


Mixture type:



  • Ar-CO2

  • Ar-O2

  • Ar-He

  • Ar-H2

  • Others


Function:



  • Cooling

  • Illumination

  • Insulation


End use:



  • Welding and Metal Fabrication

  • Automotive and Transportation

  • Food and Beverage

  • Healthcare

  • Electronics

  • Energy

  • Others


Region



  • North America

    • The U.S.

    • Canada



  • Europe

    • U.K.

    • Spain

    • Italy

    • France

    • Russia

    • Poland

    • Germany

    • Rest of Europe¬†



  • Asia Pacific

    • China

    • Japan

    • India

    • Thailand

    • Malaysia

    • Indonesia

    • South Korea

    • Australia & New Zealand

    • Rest of Asia Pacific



  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • Rest of Latin America



  • The Middle East & Africa

    • UAE

    • Egypt

    • Turkey

    • Israel

    • Saudi Arabia

    • Rest of Middle East & Africa




Intended Audience



  • Gas and liquid argon manufacturers

  • Traders and distributors of gas and liquid argon

  • Government and Independent Regulatory Authorities

  • Research and Development (R&D) Companies

  • Market Research and Consulting Service Providers

  • Potential Investors

  • Raw material suppliers

  • Nationalized laboratories


Recent DevelopmentBruker released a few novel apps in 2019 to improve its product category and expand its product portfolio. G6 Leonardo, for example, is an inert gas fusion analyzer. The machinery is dependable, precise, and cost-effective. The machine includes pre-calibrated standard procedures as well as argon, which helps to streamline a variety of industrial operations. Air Products stated in December 2018 that it would construct, own, and operate a new air separation unit (ASU) in Minnesota to create huge amounts of argon, oxygen, and nitrogen. Mostly for local customers and distributors, these will be accessible in liquid form.

Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   5.52%
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   
  Segments Covered   Type, Mixture, Function, End-Use Industry ands region
  Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Air Liquide (France), Praxair Inc. (U.S.), Messer Group (Germany), Eurochem (Switzerland), BASF SE (Germany), Nippon Shokubai Co. Ltd. (Japan), SOL Spa (Italy), SABIC (Saudi Arabia), The Linde Group (Germany), and Air Products and Chemicals Inc. (U.S.).
  Key Market Opportunities   Growth matrix given in the report brings an insight into the investment areas that existing or new market players can consider.
  Key Market Drivers   The high operation costs and complex manufacturing process of argon is also likely to compel end users to look for alternatives, which could hinder the growth prospects of the global gas and liquid argon market over the forecast period.


Frequently Asked Questions (FAQ) :

Gas and Liquid Argon Market is predicted to grow at 5.52% through forecast period of 2021-2030.

The forecast period for Gas and Liquid Argon Market research report is 2021-2030.

Gas and Liquid Argon Market is dominated by APAC region.

The high operation costs and complex manufacturing process of argon is also likely to compel end users to look for alternatives, which could hinder the growth prospects of the global gas and liquid argon market over the forecast period.

Air Liquide (France), Praxair Inc. (U.S.), Messer Group (Germany), Eurochem (Switzerland), BASF SE (Germany), Nippon Shokubai Co. Ltd. (Japan), SOL Spa (Italy), SABIC (Saudi Arabia), The Linde Group (Germany), and Air Products and Chemicals Inc.

Gas and Liquid Argon Market

The global gas and liquid argon market is projected to expand at a healthy CAGR of 5.52% during the assessment period (2021-2028). The market is expected to reach a valuation of USD 475.3 million by the end of 2030.

Segmentation
Type Gas Liquid
Mixture Ar-CO2 Ar-O2 Ar-He Ar-H2
Function Cooling Illumination Illusion
End-use Welding & Metal Fabrication Automotive & Transportation Food & Beverage Healthcare Electronics Energy
Key Players
Companies Profiled   Air Liquide (France)    Praxair Inc. (U.S.)    Messer Group (Germany)    Eurochem (Switzerland)    BASF SE (Germany)    Nippon Shokubai Co. Ltd. (Japan)    SOL Spa (Italy)    SABIC (Saudi Arabia)    The Linde Group (Germany)    Air Products and Chemicals Inc. (U.S.).
Drivers
Market Driving Forces   The growing use of argon in metalworking processes is used in the electronics and energy sectors is likely to be a major driver for the global gas and liquid argon market over the forecast period.
Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Request Free Sample
Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.
Ask for Customization