Gas And Liquid Argon Market Synopsis Report 2022 | Leading Company Analysis By Size Share, Types, Applications Forecast

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North America accounted for USD 119.86 million in 2017 and is likely to rise to a valuation of USD 158.49 million by 2030. It can register close to 306.35 KT at a CAGR of 4.68% over the forecast period.

Gas And Liquid Argon Market Research 2022-2030

The report examines the global gas and liquid argon market’s historical growth trajectory and present conditions in order to forecast the market’s likely growth trajectory over the forecast period from 2021 to 2030. According to the report, the global gas and liquid argon market is expected to rise to a valuation of USD 542.33 million by the end of 2030, growing at a CAGR of 5.52% over the forecast period.

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Competitive Landscape:

Major companies profiled in the report include Air Liquide (France), Praxair Inc. (U.S.), Messer Group (Germany), Eurochem (Switzerland), BASF SE (Germany), Nippon Shokubai Co. Ltd. (Japan), SOL Spa (Italy), SABIC (Saudi Arabia), The Linde Group (Germany), and Air Products and Chemicals Inc. (U.S.).

The gas and liquid argon market is expected to rise mainly due to the growing demand for argon in metalworking applications in automotive, construction, electronics, and energy industries. Argon is used in the manufacture of high-quality steel and aluminum, as well as silicon and germanium crystals. Argon is mainly used as a shield gas in these applications, as it is inert and thus provides the perfect material to protect the mixture from environmental reagents that could hamper the stability of the resultant materials.

The increasing use of argon in the healthcare sector could also emerge as a key driver for the global gas and liquid argon market over the coming years.

On the other hand, the high cost and high level of complexity of the production process of argon can deter growth of the global gas and liquid argon market over the forecast period.

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Segmentation Analysis:

The global gas and liquid argon market is segmented on the basis of type, mixture, function, end-use industry, and region.

By type, the global gas and liquid argon market is segmented into gas and liquid. Gas is likely to remain by far the more dominant segment in the global gas and liquid argon market over the forecast period, clocking in a valuation of USD 411.42 million by 2030. It can accrue close to 941.49 kilotons (KT) by the same year. The liquid argon segment is expected to touch a value of USD 130.91 million by 2030 at a CAGR of 4.87% over the forecast period.

By mixture, the global gas and liquid argon market research is segmented into Ar-CO2, Ar-O2, Ar-He, Ar-H2, and others. The Ar-CO2 segment is likely to dominate the global gas and liquid argon market over the forecast period. The segment is expected to rise to a valuation of USD 258.98 million by 2030, followed by Ar-O2 at USD 131.92 million. It can accumulate close to 576.45 KT by 2030.

By function, the gas and liquid argon market is segmented into cooling, illumination, and insulation. Cooling, followed by illumination, is likely to be the leading contributor to the global gas and liquid argon market over the forecast period, the two segments expected to account for valuations of USD 282.41 million and USD 176.68 million, respectively, by 2030.

Key end-use industries requiring gas and liquid argon include welding and metal fabrication, automotive and transportation, electronics, food and beverage, healthcare, energy, and others. Welding and metal fabrication remains by far the leading contributor to the global gas and liquid argon market, accounting for more than twice as much of the market as the next highest contributor, automotive and transportation. The segment accounted for USD 170.21 million in 2017 and is likely to rise to USD 230.34 million by 2030, while the automotive and transportation segment is expected to rise to a value of USD 91.02 million by 2030.

Regional Analysis:

Regionally, the global gas and liquid argon market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

Asia Pacific accounted for a dominant share of 38.74% in the global gas and liquid argon market in 2017 and is likely to further exhibit the fastest growth in the market over the forecast period between 2021 and 2030 at a CAGR of 6.53% to rise to a valuation of USD 222.46 million.

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1 Executive Summary

2 Market Introduction

2.1 Definition 23

2.2 Scope Of The Study 23

2.3 List Of Assumptions 24

2.4 Market Structure 24

2.5 Key Takeaways 25

3 Market Insights

4 Research Methodology

4.1 Research Process 31

4.2 Primary Research 32

4.3 Secondary Research 33

4.4 Market Size Estimation 33

4.5 Forecast Model 34

5 Market Dynamics

5.1 Introduction 36

5.2 Drivers 37

5.2.1 Widespread Use In Metal Fabrication And Production 37

5.2.2 Growing Demand For Products In Electronics And Energy Industries 37

5.2.3 Drivers Impact Analysis 38

5.3 Restraints 38

5.3.1 Emergence Of Structural Adhesive As A Substitutable Welding Technology 38

5.3.2 Restraints Impact Analysis 39

5.4 Opportunities 39

5.4.1 Widening Scope Of Application In The Healthcare Sector 39

5.5 Challenges 40

5.5.1 Complexity Of The Manufacturing Process And High Operational Cost 40

6 Market Factor Analysis

6.1 Supply Chain Analysis 42

6.1.1 Raw Material 42

6.1.2 Gas And Liquid Argon Producers 42

6.1.3 Distributors 43

6.1.4 End-Use Industry 43

6.2 Porter’s Five Forces Model 43

6.2.1 Threat Of New Entrants 44

6.2.2 Threat Of Rivalry 44

6.2.3 Threat Of Substitutes 44

6.2.4 Bargaining Power Of Suppliers 44

6.2.5 Bargaining Power Of Buyers 44

7 Global Gas And Liquid Argon Market, By Type

7.1 Introduction 46

7.2 Gas 47

7.3 Liquid 48

8 Global Gas And Liquid Argon Market, By Mixture

8.1 Introduction 51

8.2 Ar-CO2 53

8.3 Ar-O2 54

8.4 Ar-He 55

8.5 Ar-H2 56

8.6 Others 57

9 Global Gas And Liquid Argon Market, By Function

9.1 Introduction 59

9.2 Cooling 61

9.3 Illumination 62

9.4 Insulation 63

10 Global Gas And Liquid Argon Market, By End-Use Industry

10.1 Introduction 65

10.2 Welding And Metal Fabrication 67

10.3 Automotive And Transportation 68

10.4 Electronics 69

10.5 Food Beverages 70

10.6 Healthcare 71

10.7 Energy 72

10.8 Others 73

11 Global Gas And Liquid Argon Market, By Region

11.1 Introduction 75

11.2 North America 81

11.2.1 U.S. 85

11.2.2 Canada 88

11.3 Europe 92

11.3.1 Germany 96

11.3.2 UK 100

11.3.3 France 103

11.3.4 Russia 107

11.3.5 Spain 110

11.3.6 Italy 114

11.3.7 Poland 118

11.3.8 Rest Of Europe 121

11.4 Asia Pacific 125

11.4.1 China 129

11.4.2 Japan 133

11.4.3 India 136

11.4.4 South Korea 140

11.4.5 Australia And New Zealand 143

11.4.6 Thailand 147

11.4.7 Malaysia 150

11.4.8 Indonesia 154

11.4.9 Rest Of Asia Pacific 157

11.5 The Middle East And Africa 161

11.5.1 Turkey 165

11.5.2 Israel 169

11.5.3 UAE 172

11.5.4 Saudi Arabia 176

11.5.5 Egypt 179

11.5.6 Rest Of Middle East And Africa 183

11.6 Latin America 187

11.6.1 Brazil 191

11.6.2 Mexico 195

11.6.3 Argentina 198

11.6.4 Rest Of Latin America 202

12 Competitive Landscape

12.1 Competitive Landscape 207

12.1.1 Introduction 207

12.1.2 Key Development Analysis 207

12.1.3 Market Strategy Analysis 209

13 Company Profiles

14 Conclusion

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