The Global Argon Gas Market is expected to reach $578.94 million by 2027 growing at a CAGR of 6.9% from 2020 to 2027. Argon is an inert gas that is colourless and odourless sourced through the fractional distillation of liquid air. Argon gas is an omnipresent element that exists in its natural form in the form of multiple isotopes such as 36Ar, 40Ar, and 38Ar.
Factors such as increasing demand for argon gas in the healthcare industry, surge in the price of helium where argon could be used as an alternative and the ability of argon gas to provide oxygen and nitrogen-free environment for various heating processes are driving the growth of the market. However, the imbalance between demand and supply is restraining the growth of the market.
Based on the end user, the automotive segment is going to have a lucrative growth during the forecast period owing to its appealing properties such as reduction or elimination of surface oxidation, decreasing scrap, improvement in part quality, and increasing efficiency and yields. It is used in a wide range of applications across automotive component manufacturing such as for thermal and plasma spraying, welding, 3D printing, quenching, and others.
The key vendors mentioned are Air Liquide, Air Products, Air Water, Airgas, American Gas Group, BASF, Buzwair, Coregas, Gulf Cryo, Iwatani, Linde, Messer Group, Praxair and Taiyo Nippon Sanso.
Functions Covered:
• Cooling
• Illumination
• Insulation
Grades Covered:
• Food Grade
• Industrial Grade
• Scientific Grade
Gas Phases Covered:
• Liquid
• Gas
Mixtures Covered:
• Argon-Carbon Dioxide
• Argon-Helium
• Argon-Helium-Carbon Dioxide Mixtures
• Argon-Hydrogen
• Argon-Nitrogen
• Argon-Oxygen
Storage, Distribution & Transportations Covered:
• Cylinder & Packaged Gas
• Merchant Liquid/Bulk
• Tonnage
Applications Covered:
• 3D Printing
• Aerostatics
• Cinematography
• Gas Discharge Tubes
• Laboratories
• Lasers
• Lighting
• Refrigeration
• Scuba Diving
• Tyre
• Windows
End Users Covered:
• Automotive
• Chemicals
• Electronics & Semiconductors
• Food & Beverage
• Healthcare
• Metal Manufacturing & Fabrication
• Pharmaceutical
• Power & Energy
• Transportation
Regions Covered:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa
Key Questions Answered in this Report:
• How this market evolved since the year 2019
• Market size estimations, forecasts and CAGR for all the segments presented in the scope
• Key Market Developments and financials of the key players
• Opportunity Analysis for the new entrants
• SWOT Analysis of the key players
• Fastest growing markets analyzed during the forecast period
1 Market Synopsis
2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources
3 Market Dynamics
3.1 Drivers
3.2 Restraints
4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Argon Gas Market, By Function
5.1 Introduction
5.2 Cooling
5.3 Illumination
5.4 Insulation
6 Global Argon Gas Market, By Grade
6.1 Introduction
6.2 Food Grade
6.3 Industrial Grade
6.4 Scientific Grade
7 Global Argon Gas Market, By Gas Phase
7.1 Introduction
7.2 Liquid
7.3 Gas
8 Global Argon Gas Market, By Mixture
8.1 Introduction
8.2 Argon-Carbon Dioxide
8.3 Argon-Helium
8.4 Argon-Helium-Carbon Dioxide Mixtures
8.5 Argon-Hydrogen
8.6 Argon-Nitrogen
8.7 Argon-Oxygen
9 Global Argon Gas Market, By Storage, Distribution & Transportation
9.1 Introduction
9.2 Cylinder & Packaged Gas
9.3 Merchant Liquid/Bulk
9.4 Tonnage
10 Global Argon Gas Market, By Application
10.1 Introduction
10.2 3D Printing
10.3 Aerostatics
10.4 Cinematography
10.5 Gas Discharge Tubes
10.6 Laboratories
10.7 Lasers
10.8 Lighting
10.9 Refrigeration
10.10 Scuba Diving
10.11 Tyre
10.12 Windows
11 Global Argon Gas Market, By End User
11.1 Introduction
11.2 Automotive
11.3 Chemicals
11.4 Electronics & Semiconductors
11.5 Food & Beverage
11.6 Healthcare
11.7 Metal Manufacturing & Fabrication
11.8 Pharmaceutical
11.9 Power & Energy
11.10 Transportation
12 Global Argon Gas Market, By Geography
12.1 Introduction
12.2 North America
12.3 Europe
12.4 Asia Pacific
12.5 South America
12.6 Middle East & Africa
13 Strategic Benchmarking
14 Vendors Landscape
14.1 Air Liquide
14.2 Air Products
14.3 Air Water
14.4 Airgas
14.5 American Gas Group
14.6 BASF
14.7 Buzwair
14.8 Coregas
14.9 Gulf Cryo
14.10 Iwatani
14.11 Linde
14.12 Messer Group
14.13 Praxair
14.14 Taiyo Nippon Sanso
List of Data Tables
1 Global Argon Gas Market Outlook, By Region (2019-2027) ($MN)
2 Global Argon Gas Market Outlook, By Function (2019-2027) ($MN)
3 Global Argon Gas Market Outlook, By Cooling (2019-2027) ($MN)
4 Global Argon Gas Market Outlook, By Illumination (2019-2027) ($MN)
5 Global Argon Gas Market Outlook, By Insulation (2019-2027) ($MN)
6 Global Argon Gas Market Outlook, By Grade (2019-2027) ($MN)
7 Global Argon Gas Market Outlook, By Food Grade (2019-2027) ($MN)
8 Global Argon Gas Market Outlook, By Industrial Grade (2019-2027) ($MN)
9 Global Argon Gas Market Outlook, By Scientific Grade (2019-2027) ($MN)
10 Global Argon Gas Market Outlook, By Gas Phase (2019-2027) ($MN)
11 Global Argon Gas Market Outlook, By Liquid (2019-2027) ($MN)
12 Global Argon Gas Market Outlook, By Gas (2019-2027) ($MN)
13 Global Argon Gas Market Outlook, By Mixture (2019-2027) ($MN)
14 Global Argon Gas Market Outlook, By Argon-Carbon Dioxide (2019-2027) ($MN)
15 Global Argon Gas Market Outlook, By Argon-Helium (2019-2027) ($MN)
16 Global Argon Gas Market Outlook, By Argon-Helium-Carbon Dioxide Mixtures (2019-2027) ($MN)
17 Global Argon Gas Market Outlook, By Argon-Hydrogen (2019-2027) ($MN)
18 Global Argon Gas Market Outlook, By Argon-Nitrogen (2019-2027) ($MN)
19 Global Argon Gas Market Outlook, By Argon-Oxygen (2019-2027) ($MN)
20 Global Argon Gas Market Outlook, By Storage, Distribution & Transportation (2019-2027) ($MN)
21 Global Argon Gas Market Outlook, By Cylinder & Packaged Gas (2019-2027) ($MN)
22 Global Argon Gas Market Outlook, By Merchant Liquid/Bulk (2019-2027) ($MN)
23 Global Argon Gas Market Outlook, By Tonnage (2019-2027) ($MN)
24 Global Argon Gas Market Outlook, By Application (2019-2027) ($MN)
25 Global Argon Gas Market Outlook, By 3D Printing (2019-2027) ($MN)
26 Global Argon Gas Market Outlook, By Aerostatics (2019-2027) ($MN)
27 Global Argon Gas Market Outlook, By Cinematography (2019-2027) ($MN)
28 Global Argon Gas Market Outlook, By Gas Discharge Tubes (2019-2027) ($MN)
29 Global Argon Gas Market Outlook, By Laboratories (2019-2027) ($MN)
30 Global Argon Gas Market Outlook, By Lasers (2019-2027) ($MN)
31 Global Argon Gas Market Outlook, By Lighting (2019-2027) ($MN)
32 Global Argon Gas Market Outlook, By Refrigeration (2019-2027) ($MN)
33 Global Argon Gas Market Outlook, By Scuba Diving (2019-2027) ($MN)
34 Global Argon Gas Market Outlook, By Tyre (2019-2027) ($MN)
35 Global Argon Gas Market Outlook, By Windows (2019-2027) ($MN)
36 Global Argon Gas Market Outlook, By End User (2019-2027) ($MN)
37 Global Argon Gas Market Outlook, By Automotive (2019-2027) ($MN)
38 Global Argon Gas Market Outlook, By Chemicals (2019-2027) ($MN)
39 Global Argon Gas Market Outlook, By Electronics & Semiconductors (2019-2027) ($MN)
40 Global Argon Gas Market Outlook, By Food & Beverage (2019-2027) ($MN)
41 Global Argon Gas Market Outlook, By Healthcare (2019-2027) ($MN)
42 Global Argon Gas Market Outlook, By Metal Manufacturing & Fabrication (2019-2027) ($MN)
43 Global Argon Gas Market Outlook, By Pharmaceutical (2019-2027) ($MN)
44 Global Argon Gas Market Outlook, By Power & Energy (2019-2027) ($MN)
45 Global Argon Gas Market Outlook, By Transportation (2019-2027) ($MN)
46 North America Argon Gas Market Outlook, By Function (2019-2027) ($MN)
47 North America Argon Gas Market Outlook, By Grade (2019-2027) ($MN)
48 North America Argon Gas Market Outlook, By Gas Phase (2019-2027) ($MN)
49 North America Argon Gas Market Outlook, By Mixture (2019-2027) ($MN)
50 North America Argon Gas Market Outlook, By Storage, Distribution & Transportation (2019-2027) ($MN)
51 North America Argon Gas Market Outlook, By Application (2019-2027) ($MN)
52 North America Argon Gas Market Outlook, By End User (2019-2027) ($MN)
53 Europe Argon Gas Market Outlook, By Function (2019-2027) ($MN)
54 Europe Argon Gas Market Outlook, By Grade (2019-2027) ($MN)
55 Europe Argon Gas Market Outlook, By Gas Phase (2019-2027) ($MN)
56 Europe Argon Gas Market Outlook, By Mixture (2019-2027) ($MN)
57 Europe Argon Gas Market Outlook, By Storage, Distribution & Transportation (2019-2027) ($MN)
58 Europe Argon Gas Market Outlook, By Application (2019-2027) ($MN)
59 Europe Argon Gas Market Outlook, By End User (2019-2027) ($MN)
60 Asia Pacific Argon Gas Market Outlook, By Function (2019-2027) ($MN)
61 Asia Pacific Argon Gas Market Outlook, By Grade (2019-2027) ($MN)
62 Asia Pacific Argon Gas Market Outlook, By Gas Phase (2019-2027) ($MN)
63 Asia Pacific Argon Gas Market Outlook, By Mixture (2019-2027) ($MN)
64 Asia Pacific Argon Gas Market Outlook, By Storage, Distribution & Transportation (2019-2027) ($MN)
65 Asia Pacific Argon Gas Market Outlook, By Application (2019-2027) ($MN)
66 Asia Pacific Argon Gas Market Outlook, By End User (2019-2027) ($MN)
67 South America Argon Gas Market Outlook, By Function (2019-2027) ($MN)
68 South America Argon Gas Market Outlook, By Grade (2019-2027) ($MN)
69 South America Argon Gas Market Outlook, By Gas Phase (2019-2027) ($MN)
70 South America Argon Gas Market Outlook, By Mixture (2019-2027) ($MN)
71 South America Argon Gas Market Outlook, By Storage, Distribution & Transportation (2019-2027) ($MN)
72 South America Argon Gas Market Outlook, By Application (2019-2027) ($MN)
73 South America Argon Gas Market Outlook, By End User (2019-2027) ($MN)
74 Middle East & Africa Argon Gas Market Outlook, By Function (2019-2027) ($MN)
75 Middle East & Africa Argon Gas Market Outlook, By Grade (2019-2027) ($MN)
76 Middle East & Africa Argon Gas Market Outlook, By Gas Phase (2019-2027) ($MN)
77 Middle East & Africa Argon Gas Market Outlook, By Mixture (2019-2027) ($MN)
78 Middle East & Africa Argon Gas Market Outlook, By Storage, Distribution & Transportation (2019-2027) ($MN)
79 Middle East & Africa Argon Gas Market Outlook, By Application (2019-2027) ($MN)
80 Middle East & Africa Argon Gas Market Outlook, By End User (2019-2027) ($MN)