The global Argon Gas Market revenue was USD 10.38 Billion in 2022 and is expected to register a revenue CAGR of 6.5% during the forecast period. Growing demand for packaged food with long shelf life, growing demand for argon lasers in treating eye defects, rising popularity of cryosurgery, surging popularity of argon glow lights for lighting and entertainment, increasing demand for cost-effective disposable argon gas cylinders are some factors expected to drive the revenue growth of the market over the forecast period.
Factors influencing the growth of the Argon Gas market and impacting the growth of the industry are studied extensively in the report. The report considers the COVID-19 pandemic as one of the key influencing factors of the Argon Gas market. The report discusses in detail the positive and negative impact of the pandemic on the Argon Gas industry. The supply chain disruptions and economic volatility have altered the dynamics of the Argon Gas industry. The report explores the effects of the pandemic on the market and its key segments and regions. It also offers a forecast estimation of the market growth in a post-COVID-19 scenario.
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Competitive Outlook: The leading companies operating in the Argon Gas market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Top Companies Operating in the Argon Gas Market and Profiled in the Report are:
Air Liquide, Praxair Technology, Inc., Linde plc, Messer SE & Co. KGaA, Airgas, Inc., Matheson Tri-Gas, Inc., Air Products and Chemicals, Inc., Advanced Specialty Gases, Iwatani Corporation, and Sutton-Garten Co
Objectives of the Report:
Study of the global Argon Gas market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
Industrial structure analysis of the Argon Gas market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape benchmarking
Analysis of Argon Gas market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Argon Gas market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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Segments Covered in this report are:
-
Storage, Distribution & Transportation Outlook (Revenue, USD Million; 2019-2032)
- Cylinders & Packaged Gas
- Merchant Liquid/Bulk
- Tonnage
-
Mixture Outlook (Revenue, USD Million; 2019-2032)
- Argon-Carbon Dioxide
- Argon-Oxygen
- Argon-Helium
- Argon-Hydrogen
- Other Mixture
-
Application Outlook (Revenue, USD Million; 2019-2032)
- Illumination
- Insulation
- Cooling
Regional Segmentation:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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