Argon Market

Argon Market Size, Share, Growth Analysis, By Gas Phase(Liquid, Gas), By Function(Insulation, Illumination, Cooling), By End-Use Industry(Metal Manufacturing and Fabrication, Food and Beverages, Health Care, Energy), By Region(North America, Asia Pacific, Latin America, Europe) - Industry Forecast 2024-2031


Report ID: UCMIG15D2002 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Argon Market Insights

Market Overview:

Due to rising demand across a range of application areas, such as electronics, stainless steel, and fabricated metalworking, the worldwide argon market is predicted to grow throughout the projected period. Argon is frequently replaced for helium in a variety of industries; however, increasing helium prices are expected to enhance argon demand in a variety of applications. Growing infrastructure activities are likely to boost steel demand, which will drive the argon industry during the forecast period. Steel is a key component of the vehicle industry, and its expansion is expected to boost product demand. Due to application in the solar & insulated windows businesses, burgeoning markets for energy are also likely to fuel product demand. Argon and krypton as gases are used to insulate windows by filling the area between glass panes and preventing cold air from entering the rooms. This aspect is expected to drive the economy throughout the forecast period as well.

Argon Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Industrial Gases by segment aggregation, the contribution of the Industrial Gases in Diversified Materials and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Argon was estimated to be valued at US$ XX Mn in 2021.

The Argon Market is estimated to grow at a CAGR of XX% by 2028.

The Argon Market is segmented on the basis of Gas Phase, Function, End-Use Industry, Region.

Based on region, the Argon Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Argon Market are , Linde Gas USA LLC, BASF, AMCS Corporation, Praxair, Messer Group GmbH, Air Liquide, KBR, National Industrial Gas Plants..

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Argon Market

Report ID: UCMIG15D2002

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