Global Argon Market Growth, Share, Size, Trends and Forecast (2024 - 2030)
Segmented by Phase;
Liquid and Gas.Segmented by End-user;
Metal manufacturing & fabrication, Chemicals, Energy, Healthcare, Electronics, Food & Beverages and Others.Segmented by Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).Introduction
Global Argon Market (USD Million), 2020 - 2030
# | Global |
---|---|
2020 | 64.2 |
2021 | 70.0 |
2022 | 74.3 |
2023 | 75.2 |
2024 | 83.9 |
2025 | 86.2 |
2026 | 100.7 |
2027 | 105.7 |
2028 | 124.2 |
2029 | 124.7 |
2030 | 135.2 |
In the year 2023, the Global Argon Market was valued at USD 5,875.68 million. The size of this market is expected to increase to USD 10,201.14 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 8.2%.
Global Argon Market Report Snapshot
Parameters | Description |
---|---|
Market | Global Argon Market |
Study Period | 2020 - 2030 |
Base Year (for Argon Market Size Estimates) | 2023 |
Study Scope |
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Market Segmentation |
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Geographical Coverage |
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Company Coverage |
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Premium Insights |
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Market Analysis
This report extensively covers different segments of Global Argon Market and provides an in depth analysis (including revenue analysis for both historic and forecast periods) for all the market segments. In this report, the analysis for every market segment is substantiated with relevant data points and, insights that are generated from analysis of these data points (data trends and patterns). Argon provides an inert atmosphere that prevents oxidation of welded metals. Appearance of Argon is a tasteless, odourless, and chemically inert gas which is odourless. Argon is frequently employed when an inert atmosphere is required. In this manner, titanium and other reactive elements are manufactured. Argon's chemical symbol is Ar [2]. During the forecast period, demand is expected to rise because of rising use in different applications, such as metal inert gas welding, filling gas in fluorescent tubes and electronic parts, and keeping hot tungsten filaments from rusting.
Global Argon Market Analysis
In this report, the Global Argon Market has been segmented by Phase, End-user and Geography.
Global Argon Market, Segmentation by Phase
The Global Argon Market has been segmented by Phase into Liquid and Gas. The complete Global Argon Market segmentation by Phase can be seen below:
- Global Argon Market, By Phase
- Liquid
- Gas
This report provides market size in USD Million and Year on Year (YOY) growth analysis for all the Phases mentioned above for historic (2020 - 2023) and forecast (2024 - 2030) periods with 2023 considered as the base year.
The report also provides an analysis of why the market size of the various segments by Phase is increasing or decreasing with time along with the reasons for changes in the YOY growth with time.
Global Argon Market, by Phase (USD Million), 2020 - 2030
# | Liquid | Gas |
---|---|---|
2020 | 77.8 | 78.0 |
2021 | 93.3 | 90.7 |
2022 | 97.8 | 103.6 |
2023 | 115.9 | 120.5 |
2024 | 134.1 | 121.0 |
2025 | 138.2 | 134.5 |
2026 | 148.7 | 151.0 |
2027 | 172.4 | 170.6 |
2028 | 178.3 | 197.9 |
2029 | 184.1 | 200.0 |
2030 | 205.5 | 231.1 |
Global Argon Market, Segmentation by End-user
The Global Argon Market has been segmented by End-user into Metal manufacturing & fabrication, Chemicals, Energy, Healthcare, Electronics, Food & Beverages and Others. The complete Global Argon Market segmentation by End-user can be seen below:
- Global Argon Market, By End-user
- Metal manufacturing & fabrication
- Chemicals
- Energy
- Healthcare
- Electronics
- Food & Beverages
- Others
This report provides market size in USD Million and Year on Year (YOY) growth analysis for all the End-users mentioned above for historic (2020 - 2023) and forecast (2024 - 2030) periods with 2023 considered as the base year.
The report also provides an analysis of why the market size of the various segments by End-user is increasing or decreasing with time along with the reasons for changes in the YOY growth with time.
Global Argon Market, by End-user (USD Million), 2020 - 2030
# | Metal manufacturing & fabrication | Chemicals | Energy | Healthcare | Electronics | Food & Beverages | Others |
---|---|---|---|---|---|---|---|
2020 | 88.4 | 84.8 | 75.1 | 67.8 | 97.6 | 77.1 | 98.0 |
2021 | 103.8 | 94.6 | 85.4 | 78.1 | 105.4 | 89.0 | 110.5 |
2022 | 120.9 | 108.9 | 89.6 | 83.8 | 119.4 | 98.8 | 130.5 |
2023 | 121.7 | 125.5 | 103.4 | 93.7 | 125.6 | 105.5 | 150.1 |
2024 | 136.1 | 136.0 | 110.5 | 110.3 | 138.0 | 110.8 | 151.0 |
2025 | 136.9 | 152.9 | 130.9 | 113.6 | 160.0 | 113.7 | 153.9 |
2026 | 161.3 | 156.9 | 144.9 | 120.4 | 184.9 | 118.9 | 158.3 |
2027 | 165.5 | 181.1 | 160.4 | 140.9 | 193.2 | 119.2 | 162.6 |
2028 | 178.9 | 195.7 | 172.4 | 164.2 | 229.3 | 119.3 | 184.5 |
2029 | 201.5 | 211.0 | 198.5 | 166.1 | 271.3 | 138.2 | 220.8 |
2030 | 230.8 | 236.8 | 204.9 | 186.1 | 298.5 | 156.1 | 260.3 |
Global Argon Market, Segmentation by Geography
In this report, the Global Argon Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Argon Market Share (%), by Geographical Region, 2023
North America | Europe | Asia Pacific | Middle East & Africa | Latin America |
---|---|---|---|---|
20 | 10 | 15 | 5 | 50 |
Find below the list of Countries covered in each of the aforementioned geographical regions:
North America - United States, Canada and Mexico
Latin America - Brazil, Argentina and Rest of Latin America
Europe - Germany, United Kingdom, France, Italy, Spain and Rest of Europe
Asia Pacific - Japan, China, India, Australia & New Zealand, South Korea, ASEAN (Association of South East Asian Nations) and Rest of Asia Pacific
Middle East & Africa - GCC Countries, Egypt, Israel, South Africa, Rest of Middle East & Africa
This report provides market size in USD Million and Year on Year (YOY) percentage growth analysis for the Argon Market in all the Regions and Countries (specified above) for historic (2020 - 2023) and forecast (2024 - 2030) Periods with 2023 considered as the base year.
This report also provides an analysis of why the market size of Argon in various regions and countries is increasing or decreasing with time along with the reasons for changes in the YOY growth with time.
Market Dynamics
This report provides an in depth analysis of various factors that impact the dynamics of Global Argon Market. These factors include; Market Drivers, Restraints and Opportunities Analysis, Market Opportunity Mapping, PEST (Political, Economic, Social and Technological) Analysis and Porter's Five Forces Analysis.
Drivers, Restraints and Opportunity Analysis
- The factors driving the growth of Global Argon Market will be discussed in detail in the full report.
- The factors hindering the growth of Global Argon Market will be discussed in detail in the full report.
- The new opportunities in Global Argon Market will be discussed in detail in the full report.
- Global Argon Market Drivers will be discussed in detail in the full report.
- Global Argon Market Restraints will be discussed in detail in the full report.
- Global Argon Market Opportunities will be discussed in detail in the full report.
Market Opportunity Map
This report provides market opportunity map for Argon Market. The opportunity map (by market segments; Phase and End-user) is calculated based on current year market estimates, CAGR and collective revenue over the forecast period. Since, CAGR has been estimated considering all the factors impacting the market; starting from the company's presence, buyer behaviour, to government interference or support. The opportunity map inherently considers all the aforementioned factors impacting the market. The bubble size reflects the estimated opportunity for a particular segment or region, therefore, bigger the bubble size, larger the opportunity.
Global Argon Market, Opportunity Map, By Region (2020 - 2030)
North America | Europe | Asia Pacific | Middle East & Africa | Latin America |
---|---|---|---|---|
20 | 10 | 15 | 5 | 50 |
PEST (Political, Economic, Social and Technological) Analysis
This report provides PEST analysis of Argon Market. Various factors such as government interference in the market such as regulations (which include but are not limited to pricing and intellectual property policies) that might impact the market are analysed.
This report also provides an analysis of Economic factors affecting the market such as; purchasing power, which directly influences the market growth.
This report also provides an analysis of social factors such as social norms or cultural beliefs inhibiting or promoting the growth of the market
As part of PEST analysis, this report also provides analysis of the impact of Technological factors on growth or decline of a market.
- In depth analysis and insights about the impact of political factors on this market will be provided in the final report.
- In depth analysis and insights about the impact of economic factors on this market will be provided in the final report.
- In depth analysis and insights about the impact of social factors on this market will be provided in the final report.
- In depth analysis and insights about the impact of technological factors on this market will be provided in the final report.
Porter's Five Force Analysis
This report provides Porter's Five Forces analysis of Global Argon Market, which include; Bargaining Power of Suppliers, Bargaining Power of Buyers, Threat of New Entrants, Threat of Substitutes and Competitive Rivalry.
Bargaining Power of Suppliers:
Various factors such as; Supplier Switching Costs Relative to Firm Switching Costs, Supplier Competition and Possibility of Forward Integration, Presence of Substitute Inputs, Strength of Distribution Channels, and Supplier Concentration to Firm Concentration Ratio would be analysed to estimate bargaining power of suppliers in the Global Argon Market. Bargaining power of suppliers will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value. In India, Argon Gas Cylinders sell for Rs 500 per Kilogram on the market.
Bargaining Power of Suppliers
Supplier Switching Costs Relative To Firm Switching Costs | Strength of Distribution Channels | Supplier Concentration to firm Concentration Ratio | Presence of Substitute Inputs | Supplier Competition and Possibly of Forward Integration |
---|---|---|---|---|
20 | 10 | 15 | 5 | 50 |
Bargaining Power of Buyers:
Various factors such as; Buyer Concentration to Firm Concentration Ratio, Buyer Switching Costs, Availability of Existing Substitute Products, Buyer Price Sensitivity, and Degree of Dependency upon Existing Channels of Distribution would be analysed to estimate bargaining power of buyers in the Global Argon Market. Bargaining power of buyers will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Bargaining Power of Buyers
Buyer Competition to Firm Concentration Ratio | Buyer Switching Costs | Availability of existing Substitute Products | Buyer Price Sensitivity | Degree of Dependency upon Existing Channels of Distribution |
---|---|---|---|---|
10 | 15 | 25 | 45 | 32 |
Threat of Substitutes:
Various factors such as; Availability of Substitutes, Number of Available Substitutes, Price of Substitute Products, Buyer Switching Costs, and Buyer Propensity to Substitute would be analysed to estimate threat of substitutes in the Global Argon Market. Threat of substitutes will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Threat of Substitutes:
Availability of Substitutes | Number of Available Substitutes | Price of Substitute Products | Buyer Switching Costs | Buyer Propensity to Substitute |
---|---|---|---|---|
20 | 35 | 10 | 2 | 5 |
Threat of New Entrants:
Various factors such as; Barriers to Entry, Economies of Scale, Product Differentiation, Customer Loyalty, Network Effect, and Access to Distribution Channels would be analysed to estimate threat of new entrants in the Global Argon Market. Threat of new entrants will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Threat of New Entrants:
Barriers to entry | Economics of scale | Product Differentiation | Customer Loyalty | Network Effect | Access to Ditribution Channels |
---|---|---|---|---|---|
2 | 35 | 25 | 10 | 15 | 55 |
Competitive Rivalry:
Various factors such as; Firm concentration Ratio, Level of Advertising Expense, Sustainable Competitive Advantage through Innovation, Competitive Strategy and Degree of Transparency would be analysed to estimate competitive rivalry in the Global Argon Market. Competitive rivalry will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Industry Rivalry:
Firm Concentration Ratio | Level of Advertising Expense | Sustainable Competitive Adavantage through Innovation | Degree of Transparency | Competitive strategy |
---|---|---|---|---|
5 | 10 | 15 | 35 | 45 |
Competitive Landscape Analysis
Key players in Global Argon Market include, Air Liquide, Linde, Messer Group and Praxair.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
Company SWOT Analysis
This report also provides Heat map analysis of Products/Services Offered by different companies operating in this market.
Competitors Products/Services Heat Map Analysis
Company Vs. Product/Service | Company 1 | Company 2 | Company 3 | Company 4 | Company 5 | Company 6 | Company 7 | Company 8 | Company 9 | Company 10 |
---|---|---|---|---|---|---|---|---|---|---|
Product 1/Service 1 | ||||||||||
Product 2/Service 2 | ||||||||||
Product 3/Service 3 | ||||||||||
Product 4/Service 4 | ||||||||||
Product 5/Service 5 | ||||||||||
Product 6/Service 6 | ||||||||||
Product 7/Service 7 | ||||||||||
Product 8/Service 8 |
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Phase
- Market Snapshot, By End-user
- Market Snapshot, By Region
- Market Opportunity Map
- Global Argon Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Restraints
- Opportunities
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bragaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Industry Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Argon Market, By Phase, 2022 - 2032 (USD Million)
- Introduction
- Market Share Analysis, 2024 and 2030 (%)
- Y-o-Y Growth Analysis, 2021 - 2030
- Segment Trends
- Liquid
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Gas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Liquid
- Global Argon Market, By End-user, 2022 - 2032 (USD Million)
- Introduction
- Market Share Analysis, 2024 and 2030 (%)
- Y-o-Y Growth Analysis, 2021 - 2030
- Segment Trends
- Metal manufacturing & fabrication
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Chemicals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Energy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Healthcare
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Electronics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Food & Beverages
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Metal manufacturing & fabrication
- Global Argon Market, By Geography, 2022 - 2032 (USD Million)
- Introduction
- Market Share Analysis, 2024 and 2030 (%)
- Y-o-Y Growth Analysis, 2021 - 2030
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Phase, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By End-user, 2020 - 2030 (USD Million)
- United States
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Phase, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By End-user, 2020 - 2030 (USD Million)
- Canada
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Phase, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By End-user, 2020 - 2030 (USD Million)
- United States
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Phase, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By End-user, 2020 - 2030 (USD Million)
- Germany
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Phase, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By End-user, 2020 - 2030 (USD Million)
- United Kingdom
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Phase, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By End-user, 2020 - 2030 (USD Million)
- France
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Phase, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By End-user, 2020 - 2030 (USD Million)
- Italy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Phase, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By End-user, 2020 - 2030 (USD Million)
- Spain
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Phase, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By End-user, 2020 - 2030 (USD Million)
- Rest of Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Phase, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By End-user, 2020 - 2030 (USD Million)
- Germany
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Phase, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By End-user, 2020 - 2030 (USD Million)
- Japan
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Phase, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By End-user, 2020 - 2030 (USD Million)
- China
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Phase, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By End-user, 2020 - 2030 (USD Million)
- India
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Phase, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By End-user, 2020 - 2030 (USD Million)
- Australia & New Zealand
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Phase, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By End-user, 2020 - 2030 (USD Million)
- South Korea
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Phase, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By End-user, 2020 - 2030 (USD Million)
- ASEAN (Association of South East Asian Countries)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Phase, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By End-user, 2020 - 2030 (USD Million)
- Rest of Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Phase, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By End-user, 2020 - 2030 (USD Million)
- Japan
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Phase, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By End-user, 2020 - 2030 (USD Million)
- GCC
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Phase, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By End-user, 2020 - 2030 (USD Million)
- Israel
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Phase, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By End-user, 2020 - 2030 (USD Million)
- South Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Phase, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By End-user, 2020 - 2030 (USD Million)
- Rest of Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Phase, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By End-user, 2020 - 2030 (USD Million)
- GCC
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Phase, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By End-user, 2020 - 2030 (USD Million)
- Brazil
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Phase, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By End-user, 2020 - 2030 (USD Million)
- Mexico
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Phase, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By End-user, 2020 - 2030 (USD Million)
- Argentina
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Phase, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By End-user, 2020 - 2030 (USD Million)
- Rest of Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Phase, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By End-user, 2020 - 2030 (USD Million)
- Brazil
- North America
- Global Argon Market, By Phase, 2022 - 2032 (USD Million)
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- Air Liquide
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Linde
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Messer Group
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Praxair
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Air Liquide
- Analyst Views
- Future Outlook of the Market
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