Argon Gas Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Argon is a colorless, odorless, inert gas obtained through the fractional distillation of liquid air. The omnipresent argon gas exists in the form of various isotopes such as 36Ar, 38Ar, and 40Ar. Due to its inert reactivity, argon gas is extensively used for shielding metals from oxidation during welding. Also, it is utilized for joining numerous ferrous and nonferrous alloys. Further, argon gas finds applications in the aerospace, automotive, and aircraft industries where it is used for welding parts and frames.

MARKET DYNAMICS

The growth of the argon gas market is driven by the factors such as consumption and demand from the flourishing metal fabrication sector and increasing use of argon as a cryogenic inert gas. Argon is utilized during production and storage in the pharmaceutical and food & beverage packaging industry. Furthermore, the growing electronics sector is one of the crucial sectors supporting market growth. Argon gas is utilized for the production of flat panels, semiconductors, solar PV cells, and microelectronic devices in the electronics sector. Moreover, with rapid urbanization, the surge in infrastructural activities, and rising industrialization worldwide, there is expected to propel the argon gas market during the forecast period.

MARKET SCOPE

The "Global Argon Gas Market Analysis to 2031" is a specialized and in-depth study of the Chemicals & Materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the argon gas market with detailed market segmentation by end-use. The global argon gas market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading argon gas market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global argon gas market is segmented into end-use. By end-use, the argon gas market is classified into Metal Manufacturing & Fabrication, Healthcare, Food & Beverages, Energy, Chemicals, Electronics, Others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global argon gas market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The argon gas market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the argon gas market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the argon gas market in these regions.

MARKET PLAYERS

The report covers vital developments in the argon gas market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the argon gas market are anticipated to witness lucrative growth opportunities in the future with the rising demand for argon gas in the global market. Below mentioned is the list of few companies engaged in the argon gas market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the argon gas market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.

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

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.

Argon Gas Report Scope