New York, United States, Oct. 12, 2022 (GLOBE NEWSWIRE) — The demand for argon gas is continuously increasing owing to its increasing number of applications across various industries. This gas is extensively used for the manufacturing and metal fabrication industry, which uses argon gas along with other gases in a mixture for the fabrication process which is rapidly growing due to urbanization and industrialization. In addition to this, it is also used as a filler gas in the dry suits of scuba diving, fire extinguishers, airbag inflation, incandescent lamps, and phosphorescent tubes.

Apart from this, it is also used for a variety of other purposes such as in the manufacturing of titanium and other reactive elements in the form of a non-reactive blanket and as a protective atmosphere, for growing silicon as well as germanium crystals. These increased applications have helped in increasing the demand for argon gas thus, driving the growth of this market.

Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/argon-gas-market/request-sample

Impact of COVID-19

The outbreak of the COVID-19 pandemic is anticipated to hamper the growth of the argon gas market in the near future. There has been a cut in the need for industrial gases in the market and thus, manufacturers are quickly changing their practices and purchasing priorities.

Furthermore, due to the imposed lockdowns and restrictions in movements, many suppliers either shut down or reduced their output because of a decreased demand from the downstream market. Therefore, the argon gas market is expected to see fluctuations in both demand and supply thus, restricting the market growth.

Report Scope

Report Metric	Details
Market Size	USD 504.80 million by 2030
CAGR	3.9% (2022-2030)
Historical Data	2019-2020
Base Year	2021
Forecast Period	2022-2030
Forecast Units	Value (USD million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	by Mixture (Argon-Carbon Dioxide), Function (Cooling), Storage and Distribution (Tonnage), End-Use Industry (Energy)
Geographies Covered	North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors	Air Liquide S.A., Air Products and Chemicals, Inc, Iwatani Corporation, Praxair Inc, The Linde Group, Advanced Specialty Gases Inc, Airgas Inc, Messer Group, Matheson Tri-Gas Inc, Iceblick Ltd,
Key Market Opportunities	High Demand In Advanced Materials Sector Is Pushing Argon Gas Market
Key Market Drivers	Use of Argon Gas in a Wide Range of Applications to Drive the Market Growth

Buy Now Full Report @ https://straitsresearch.com/buy-now/argon-gas-market

Regional Analysis

Asia-Pacific is anticipated to observe a high growth rate in the argon gas market due to the growing industries like manufacturing, food and beverages, pharmaceutical, electronic, automobile, and many others in this region where the demand for argon gas is continuously increasing due to its inert nature, especially in China and India.

Key Highlights

• The global argon gas market size is predicted to reach an estimated value of USD 504.80 million by 2030, registering a CAGR of 3.9% during the forecast period (2022-2030).
• The argon gas market is projected to grow at a rapid rate, during the forecast period, owing to the characteristics and advantages of this gas which has increased its demand in various industries.
• Metal manufacturing & fabrication is anticipated to hold the largest share due to rapid urbanization and increasing manufacturing activities.
• The wide range of applications of argon gas across various industries is expected to boost market growth.
• Asia-Pacific is anticipated to observe a high growth rate in the argon gas market due to the growing industries.

Key Players

• Air Liquide S.A.
• Air Products and Chemicals, Inc
• Iwatani Corporation
• Praxair Inc
• The Linde Group
• Advanced Specialty Gases Inc
• Airgas Inc
• Messer Group
• Matheson Tri-Gas Inc
• Iceblick Ltd

Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/argon-gas-market/request-sample

Global Argon Gas Market Segmentation

By Mixture

• Argon-Carbon Dioxide
• Argon-Oxygen
• Argon-Helium
• Argon-Hydrogen
• Argon-Helium-Carbon Dioxide

By Function

• Insulation
• Illumination
• Cooling

By Storage, Distribution & Transportation

• Cylinders & Packaged Gas
• Merchant Liquid/Bulk
• Tonnage

By End-Use Industry

• Metal Manufacturing & Fabrication
• Food & Beverages
• Healthcare
• Energy
• Chemicals
• Electronics
• Others

By Region

• North America
• Europe
• Asia-Pacific
• Central and South America and the Caribbean
• The Middle East
• Africa

TABLE OF CONTENT

1          Introduction

1.1       Market Definition

1.2       Market Scope

2          Research Methodology

2.1       Primary Research

2.2       Research Methodology

2.3       Assumptions & Exclusions

2.4       Secondary Data Sources

3          Executive Summary

4          Market Overview

4.1       Report Segmentation & Scope

4.2       Value Chain Analysis: Argon Gas Market

4.2.1   Vendor Matrix

4.3       Key Market Trends

4.3.1   Drivers

4.3.2   Restraints

4.3.3   Opportunities

4.4       Porter’s Five Forces Analysis

4.4.1   Bargaining Power of Suppliers

4.4.2   Bargaining Power of Buyers

4.4.3   Threat of Substitution

4.4.4   Threat of New Entrants

4.4.5   Competitive Rivalry

4.5       Environmental & Regulatory Landscape

4.6       Forecast Factors & Relevance of Impact

4.7       Macro-Economic & Geopolitical Scenario

4.8       Parent Market Overview

4.9       Technology Landscape

4.10    Market Share Analysis

4.11    Potential Venture Analysis

4.12    Regional Price Trends

4.13    Raw Material Trends

4.14    Covid-19 Impact Analysis   

4.14.1 Pre Covid-19 Market Scenario Analysis   

4.14.2 Post Covid-19 Market Scenario Analysis  

4.14.3 Measures Taken by Top Players    

4.14.4 Quarterly Market Revenue and Growth Forecast Till 2021

4.15    Cost Structure Analysis

4.15.1 Labor Cost

4.15.2 Consumables

4.15.3 Maintenance Cost

5          Mixture Overview

5.1       Introduction

5.1.1   Market Size & Forecast (Value & K Tons)

5.2       Argon-Carbon Dioxide

5.2.1   Market Size & Forecast (Value & K Tons)

5.3       Argon-Oxygen

5.3.1   Market Size & Forecast (Value & K Tons)

5.4       Argon-Helium

5.4.1   Market Size & Forecast (Value & K Tons)

5.5       Argon-Hydrogen

5.5.1   Market Size & Forecast (Value & K Tons)

5.6       Argon-Helium-Carbon Dioxide

5.6.1   Market Size & Forecast (Value & K Tons)

6          Function Overview

6.1       Introduction

6.1.1   Market Size & Forecast (Value & K Tons)

6.2       Insulation

6.2.1   Market Size & Forecast (Value & K Tons)

6.3       Illumination

6.3.1   Market Size & Forecast (Value & K Tons)

6.4       Cooling

6.4.1   Market Size & Forecast (Value & K Tons)

7          Storage, Distribution & Transportation Overview

7.1       Introduction

7.1.1   Market Size & Forecast (Value & K Tons)

7.2       Cylinders & Packaged Gas

7.2.1   Market Size & Forecast (Value & K Tons)

7.3       Merchant Liquid/Bulk

7.3.1   Market Size & Forecast (Value & K Tons)

7.4       Tonnage

7.4.1   Market Size & Forecast (Value & K Tons)

8          End-Use Industry Overview

8.1       Introduction

8.1.1   Market Size & Forecast (Value & K Tons)

8.2       Metal Manufacturing & Fabrication

8.2.1   Market Size & Forecast (Value & K Tons)

8.3       Food & Beverages

8.3.1   Market Size & Forecast (Value & K Tons)

8.4       Healthcare

8.4.1   Market Size & Forecast (Value & K Tons)

8.5       Energy

8.5.1   Market Size & Forecast (Value & K Tons)

8.6       Chemicals

8.6.1   Market Size & Forecast (Value & K Tons)

8.7       Electronics

8.7.1   Market Size & Forecast (Value & K Tons)

8.8       Others

8.8.1   Market Size & Forecast (Value & K Tons)

9          Regional Overview

9.1      Introduction

9.1.1   Market Size & Forecast (Value & K Tons)

9.2      North America

9.2.1   Economic Overview

9.2.2   Market Scenario

9.2.3   The U.S.

9.2.3.1            By Mixture

9.2.3.2            By Function

9.2.3.3            By Storage, Distribution & Transportation

9.2.3.4            By End-Use Industry

9.2.4   Canada

9.2.4.1            By Mixture

9.2.4.2            By Function

9.2.4.3            By Storage, Distribution & Transportation

9.2.4.4            By End-Use Industry

9.2.5   Mexico

9.2.5.1            By Mixture

9.2.5.2            By Function

9.2.5.3            By Storage, Distribution & Transportation

9.2.5.4            By End-Use Industry

9.3      Central and South America and the Caribbean

9.3.1   Economic Overview

9.3.2   Market Scenario

9.3.3   Brazil

9.3.3.1            By Mixture

9.3.3.2            By Function

9.3.3.3            By Storage, Distribution & Transportation

9.3.3.4            By End-Use Industry

9.3.4   Argentina

9.3.4.1            By Mixture

9.3.4.2            By Function

9.3.4.3            By Storage, Distribution & Transportation

9.3.4.4            By End-Use Industry

9.3.5   Colombia

9.3.5.1            By Mixture

9.3.5.2            By Function

9.3.5.3            By Storage, Distribution & Transportation

9.3.5.4            By End-Use Industry

9.3.6   Rest of Central and South America and the Caribbean

9.3.6.1            By Mixture

9.3.6.2            By Function

9.3.6.3            By Storage, Distribution & Transportation

9.3.6.4            By End-Use Industry

9.4      Europe

9.4.1   Economic Overview

9.4.2   Market Scenario

9.4.3   Germany

9.4.3.1            By Mixture

9.4.3.2            By Function

9.4.3.3            By Storage, Distribution & Transportation

9.4.3.4            By End-Use Industry

9.4.4   France

9.4.4.1            By Mixture

9.4.4.2            By Function

9.4.4.3            By Storage, Distribution & Transportation

9.4.4.4            By End-Use Industry

9.4.5   The U.K.

9.4.5.1            By Mixture

9.4.5.2            By Function

9.4.5.3            By Storage, Distribution & Transportation

9.4.5.4            By End-Use Industry

9.4.6   Italy

9.4.6.1            By Mixture

9.4.6.2            By Function

9.4.6.3            By Storage, Distribution & Transportation

9.4.6.4            By End-Use Industry

9.4.7   The Rest of Europe

9.4.7.1            By Mixture

9.4.7.2            By Function

9.4.7.3            By Storage, Distribution & Transportation

9.4.7.4            By End-Use Industry

9.5      Asia-Pacific (APAC)

9.5.1   Economic Overview

9.5.2   Market Scenario

9.5.3   China

9.5.3.1            By Mixture

9.5.3.2            By Function

9.5.3.3            By Storage, Distribution & Transportation

9.5.3.4            By End-Use Industry

9.5.4   Japan

9.5.4.1            By Mixture

9.5.4.2            By Function

9.5.4.3            By Storage, Distribution & Transportation

9.5.4.4            By End-Use Industry

9.5.5   India

9.5.5.1            By Mixture

9.5.5.2            By Function

9.5.5.3            By Storage, Distribution & Transportation

9.5.5.4            By End-Use Industry

9.5.6   Australia

9.5.6.1            By Mixture

9.5.6.2            By Function

9.5.6.3            By Storage, Distribution & Transportation

9.5.6.4            By End-Use Industry

9.5.7   South Korea

9.5.7.1            By Mixture

9.5.7.2            By Function

9.5.7.3            By Storage, Distribution & Transportation

9.5.7.4            By End-Use Industry

9.5.8   Rest of APAC

9.5.8.1            By Mixture

9.5.8.2            By Function

9.5.8.3            By Storage, Distribution & Transportation

9.5.8.4            By End-Use Industry

9.6      The Middle East

9.6.1   Economic Overview

9.6.2   Market Scenario

9.6.3   Saudi Arabia

9.6.3.1            By Mixture

9.6.3.2            By Function

9.6.3.3            By Storage, Distribution & Transportation

9.6.3.4            By End-Use Industry

9.6.4   The UAE

9.6.4.1            By Mixture

9.6.4.2            By Function

9.6.4.3            By Storage, Distribution & Transportation

9.6.4.4            By End-Use Industry

9.6.5   Qatar

9.6.5.1            By Mixture

9.6.5.2            By Function

9.6.5.3            By Storage, Distribution & Transportation

9.6.5.4            By End-Use Industry

9.6.6   Oman

9.6.6.1            By Mixture

9.6.6.2            By Function

9.6.6.3            By Storage, Distribution & Transportation

9.6.6.4            By End-Use Industry

9.6.7   Turkey

9.6.7.1            By Mixture

9.6.7.2            By Function

9.6.7.3            By Storage, Distribution & Transportation

9.6.7.4            By End-Use Industry

9.6.8   The Rest of the Middle East

9.6.8.1            By Mixture

9.6.8.2            By Function

9.6.8.3            By Storage, Distribution & Transportation

9.6.8.4            By End-Use Industry

9.7      Africa

9.7.1   Economic Overview

9.7.2   Market Scenario

9.7.3   Nigeria

9.7.3.1            By Mixture

9.7.3.2            By Function

9.7.3.3            By Storage, Distribution & Transportation

9.7.3.4            By End-Use Industry

9.7.4   South Africa

9.7.4.1            By Mixture

9.7.4.2            By Function

9.7.4.3            By Storage, Distribution & Transportation

9.7.4.4            By End-Use Industry

9.7.5   The Rest of Africa

9.7.5.1            By Mixture

9.7.5.2            By Function

9.7.5.3            By Storage, Distribution & Transportation

9.7.5.4            By End-Use Industry

10        Competitive Landscape — Manufacturers & Suppliers

10.1    Competition Dashboard

10.2    Industry Structure

10.3    Air Liquide S.A.

10.3.1 Business Overview

10.3.2 Financial Performance

10.3.3 Recent Developments

10.3.4 Product Portfolio

10.4    Air Products and Chemicals, Inc

10.4.1 Business Overview

10.4.2 Financial Performance

10.4.3 Recent Developments

10.4.4 Product Portfolio

10.5    Iwatani Corporation

10.5.1 Business Overview

10.5.2 Financial Performance

10.5.3 Recent Developments

10.5.4 Product Portfolio

10.6    Praxair Inc

10.6.1 Business Overview

10.6.2 Financial Performance

10.6.3 Recent Developments

10.6.4 Product Portfolio

10.7    The Linde Group

10.7.1 Business Overview

10.7.2 Financial Performance

10.7.3 Recent Developments

10.7.4 Product Portfolio

10.8    Advanced Specialty Gases Inc

10.8.1 Business Overview

10.8.2 Financial Performance

10.8.3 Recent Developments

10.8.4 Product Portfolio

10.9    Airgas Inc

10.9.1 Business Overview

10.9.2 Financial Performance

10.9.3 Recent Developments

10.9.4 Product Portfolio

10.10  Messer Group

10.10.1Business Overview

10.10.2Financial Performance

10.10.3Recent Developments

10.10.4Product Portfolio

10.11  Matheson Tri-Gas Inc

10.11.1Business Overview

10.11.2Financial Performance

10.11.3Recent Developments

10.11.4Product Portfolio

10.12  Iceblick Ltd

10.12.1Business Overview

10.12.2Finacial Performance

10.12.3Recent Developments

10.12.4Product Portfolio

11        Conclusion & Recommendation

12        Acronyms & Abbreviations

Table of Content and Figure @  https://straitsresearch.com/report/argon-gas-market/toc

News Media

ISO Tank Containers Market to Boom as the Demand for Crude Oil and Gas has Skyrocketed

The Oil and Gas Industry’s Increased Adoption of Desiccant Air Breathers Will Drive Market Growth

Have a Look at the Related Research Report                      

Gasifier Market: Information by Type (Fixed Bed, Fluidized Bed, Entrained Flow), Feedstock (Biomass/Waste, Coal), End-User (Chemical Industry), and Region – Forecast till 2029

Immersion Cooling Market in Data Centers: Information by Type (Single-phase Immersion Cooling System), Cooling Fluid (Mineral Oil, Deionized Water), and Region — Forecast till 2030

Immersion Cooling Market: Information by Type (Single-Phase Immersion Cooling), Application (Artificial Intelligence, Edge Computing), Cooling Fluid, and Region — Forecast till 2030

About Straits Research Pvt. Ltd.

StraitsResearch is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Straits Research Pvt. Ltd. provides actionable market research data, especially designed and presented for decision-making and ROI.

Whether you are looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with the client’s purchase. We overcome our clients’ issues by recognizing and deciphering the target group and generating leads with utmost precision. We seek to collaborate with our clients to deliver a broad spectrum of results through a blend of market and business research approaches.

                               

For more information on your target market, please contact us below:

Phone: +1 646 480 7505 (the U.S.)

+91 8087085354 (APAC)              

+44 208 068 9665 (the U.K.)

Email: [email protected]

Follow Us: LinkedIn | Facebook | Instagram | Twitter