Argon gas is naturally odorless, colorless, inert gas produced by fractional liquid air distillation. Several isotopes such as 40Ar, 38Ar, and 36Ar form argon gas naturally. Companies consider inorganic growth approaches, such as acquisitions, to cope with rising argon gas demand in developing markets. These approaches have enabled companies to build a broad partner and client base in the Argon gas markets. The argon gas market players in the Asia-Pacific have diverse prospects attributed to rapidly growing manufacturing industries.
Argon-Helium segment in global Argon Gas market estimated to have the fastest growth during the forecast horizon
The Argon-Helium market segment is dominating the type segment in the Argon Gas market during the forecast period of 2026. Argon-helium is the most used mixture in the argon market. Helium is inert and low-density gas, whereas argon mixture with helium is colorless, odorless and non-flammable. Argon-helium is hotter and of higher tension than in case of using pure argon. Argon-helium is used as a welding gas for copper alloys. These mixtures are widely used for TIG, MIG welding owing to the helium ensures deeper and wider welding. Argon is widely used in the chemical industries, although, due to its unique properties, it is not a chemical itself that helps enterprises to innovate new products and reduce production costs.
The rising technology advancement projected to drive market growth
Technological up-gradation and the growing chemical end-use industry in developing and under-developed economies are estimated to drive revenue growth of the argon gas market. Market players are actively taking initiatives to explore new applications for the product, which is also estimated to increase the argon demand during the forecast period. Argon production is tied to oxygen production in Air Separation Units (ASUs). Thus, players are emphasizing growing oxygen production which in turn is estimated to drive the argon market over the coming years.
Rising price of helium expected to fuel growth trend of argon gas in global market
Helium is a chemical element with symbol He and atomic number 2. It is a rare atmospheric gas which is colorless, odorless, tasteless, nontoxic, nonflammable and only slightly soluble in water. The argon in various sectors often substitutes helium. Argon is used instead of helium owing to the growing demand in various application segments such as stainless steel, electronics, and fabricated metalworking markets. Therefore, high price of helium helps in drive the growth of argon gas market across the globe.
North America is expected to grow at remarkable rate in Argon Gas market during the anticipated period
Geographically, the Global Argon Gas market is bifurcated into North America, Asia Pacific, Europe, Middle East, and Africa & Latin America. Due to the increasing demand for argon gas in the food & beverage and pharmaceutical industries across the world, North America is projected to have both the fastest and the largest regional market during the forecast period. Asia Pacific market is anticipated to account for the second-highest revenue share in the global argon gas market due to increasing developmental activities in the region. The market in Europe is expected to have the fastest growth rate in terms of revenue due to growing electricity demand from developed and developing countries in the region. Europe is experiencing harsh weather conditions, and the use of argon to insulate windows is expected to drive the region's argon market over the next years.
Argon Gas Market: Competitive Landscape
The major market players in the Argon Gas market are Praxair Inc., Air Liquide S.A., The Linde Group, Messer Group GmbH, Airgas Inc., Gulf Cryo, Matheson Tri-Gas Inc., Air Products and Chemicals Inc., Advanced Specialty Gases Inc., Iwatani Corporation, Linde Gas USA LLC, BASF, AMCS Corporation, KBR, Iceblick Ltd., Taiyo Nippon Sanso, Coregas, National Industrial Gas Plants, and Other Prominent Players are expanding their presence in the market by implementing various innovations and technology.
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1.1. Research Objective
1.2. Application Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Type
2.2. Quantitative Research
2.2.1. Primary & Secondary Type
2.3. Breakdown of Primary Research Respondents, By Region
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents
2.5. Market Size Estimation
2.6. Assumption For The Study
2.7. Market Breakdown & Data Triangulation
3. Executive Summary
4. Global Argon Gas Insights
4.1. DROC Analysis
4.1.1. Growth Drivers
4.2. Technological Landscape
4.3. Regulatory Framework
4.4. Company Market Share Analysis,2019
4.5. Porter’s Five forces analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Intensity of Rivalry
5. Global Argon Gas Market Overview
5.1. Market Size & Forecast By Value, 2016-2026
5.1.1. By Value (USD Billion)
5.2. Market Share & Forecast
5.2.1. By Application
18.104.22.168. Metal manufacturing & fabrication
22.214.171.124. Food & Beverage
5.2.2. By Type
126.96.36.199. Argon-carbon dioxide
5.2.3. By Function
5.2.4. By Storage, Distribution & Transportation
188.8.131.52. Cylinder & packaged gas
184.108.40.206. Merchant liquid/bulk
5.2.5. By Region
220.127.116.11. North America
18.104.22.168. Asia Pacific
22.214.171.124. Latin America
126.96.36.199. Middle East & Africa
6. North America Argon Gas Market
6.1. Market Size & Forecast By Value, 2016-2026
6.1.1. By Value (USD Billion)
6.2. Market Share & Forecast
6.2.1. By Application
6.2.2. By Type
6.2.3. By Function
6.2.4. By Storage, Distribution & Transportation
6.2.5. By Country
7. Europe Argon Gas Market
7.1. Market Size & Forecast By Value, 2016-2026
7.1.1. By Value (USD Billion)
7.2. Market Share & Forecast
7.2.1. By Application
7.2.2. By Type
7.2.3. By Function
7.2.4. By Storage, Distribution & Transportation
7.2.5. By Country
188.8.131.52. Rest of Europe
8. Asia Pacific Argon Gas Market
8.1. Market Size & Forecast By Value, 2016-2026
8.1.1. By Value (USD Billion)
8.2. Market Share & Forecast
8.2.1. By Application
8.2.2. By Type
8.2.3. By Function
8.2.4. By Storage, Distribution & Transportation
8.2.5. By Country
184.108.40.206. South Korea
220.127.116.11. Rest of Asia Pacific
9. Latin America Argon Gas Market
9.1. Market Size & Forecast By Value, 2016-2026
9.1.1. By Value (USD Billion)
9.2. Market Share & Forecast
9.2.1. By Application
9.2.2. By Type
9.2.3. By Function
9.2.4. By Storage, Distribution & Transportation
9.2.5. By Country
18.104.22.168. Rest of Latin America
10. Middle East & Africa Argon Gas Market
10.1. Market Size & Forecast By Value, 2016-2026
10.1.1. By Value (USD)
10.2. Market Share & Forecast
10.2.1. By Application
10.2.2. By Type
10.2.3. By Function
10.2.4. By Storage, Distribution & Transportation
10.2.5. By Country
10.2.5.1. Saudi Arabia
10.2.5.3. South Africa
10.2.5.4. Rest of Middle East & Africa
11. Company Profile (Company Overview, Financial Matrix, Application landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
11.1. Praxair Inc.
11.2. Air Liquide S.A.
11.3. The Linde Group
11.4. Messer Group GmbH
11.5. Airgas Inc.
11.6. Gulf Cryo
11.7. Matheson Tri-Gas Inc.
11.8. Air Products and Chemicals Inc.
11.9. Advanced Specialty Gases Inc.
11.10. Iwatani Corporation
11.11. Linde Gas USA LLC
11.13. AMCS Corporation
11.15. Iceblick Ltd.
11.16. Taiyo Nippon Sanso
11.18. National Industrial Gas Plants
11.19. Other Prominent Players
- Praxair Inc.
- Air Liquide S.A.
- The Linde Group
- Messer Group GmbH
- Airgas Inc.
- Gulf Cryo
- Matheson Tri-Gas Inc.
- Air Products and Chemicals Inc.
- Advanced Specialty Gases Inc.
- Iwatani Corporation
- Linde Gas USA LLC
- AMCS Corporation
- Iceblick Ltd.
- Taiyo Nippon Sanso
- National Industrial Gas Plants