Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The Gas and Liquid Argon Market operates within a dynamic framework influenced by various factors that collectively shape its growth and trends. Argon, an inert gas, finds diverse applications in industries such as metal fabrication, electronics manufacturing, and healthcare. The market dynamics of gas and liquid argon are intricately linked to trends in end-user industries, technological advancements, global supply and demand, and economic conditions.
One of the significant drivers of the gas and liquid argon market is the demand from the metal fabrication and welding industry. Argon serves as an essential shielding gas during welding processes, providing an inert atmosphere that prevents oxidation and ensures high-quality welds. The dynamics of the market respond to the ongoing growth in metal fabrication activities, with companies adapting their strategies to meet the increasing demand for argon in welding applications.
Technological advancements play a pivotal role in shaping the gas and liquid argon market dynamics. Innovations in gas separation and purification technologies contribute to the efficient production of high-purity argon for various industrial applications. The market dynamics adapt to these technological breakthroughs, with suppliers striving to provide advanced argon solutions that meet the stringent specifications of industries such as electronics, where the demand for ultra-high purity argon is crucial for semiconductor manufacturing.
Global economic conditions and industrial activities further contribute to the dynamics of the gas and liquid argon market. Economic growth leads to increased manufacturing activities, particularly in sectors such as steel production, metal fabrication, and electronics manufacturing, driving the demand for argon. Conversely, economic downturns may lead to a temporary reduction in industrial activities, impacting the dynamics of the gas and liquid argon market. The cyclical nature of the economy adds an element of unpredictability to market trends.
Market dynamics are also influenced by the competitive landscape and regional variations. Companies operating in specific regions may tailor their gas and liquid argon products and services to meet local regulatory requirements and industry practices. The geographical distribution of manufacturing facilities, the concentration of end-user industries, and the availability of raw materials impact the competitiveness of argon suppliers in specific regions. Global players often adapt their strategies to address regional variations and maintain a strong market presence. The level of competition, market consolidation, and strategic alliances within the gas and liquid argon market contribute to the overall dynamics of the industry.
Supply and demand dynamics play a crucial role in shaping the gas and liquid argon market. The availability of argon from various sources, including air separation units and cryogenic distillation, influences market dynamics. Additionally, fluctuations in demand from key industries impact argon pricing and supply chain dynamics. Companies in the market must carefully manage their production capacities and supply networks to navigate these factors and maintain a stable market position.
Environmental considerations are becoming increasingly important in the gas and liquid argon market dynamics. The production of argon, often derived from cryogenic distillation processes, requires significant energy consumption. As industries strive to reduce their carbon footprint, the dynamics of the market respond to the growing demand for sustainable and energy-efficient argon production methods. Companies are investing in technologies and practices that minimize the environmental impact of argon production.
Gas Liquid Argon Market Highlights:
Gas and Liquid Argon Market Overview The global gas and liquid argon market is projected to expand at a healthy CAGR of 5.52% during the assessment period (2021-2030). The market is expected to reach a valuation of USD 475.3 million by the end of 2028. Argon, an atomic number 18 noble gas, is extensively employed in metalworking applications to minimize contact between the metal and ambient elements, which could result in a reaction between the metal and air oxygen or nitrogen. This includes dying casting hot metals and metal alloys, where the increased heat can speed up interactions with ambient elements. It is also employed in welding carbon and stainless-steel alloys, where even the tiniest amount of nitrogen in the air can have a significant impact on the ductility and structural strength of the weld. Argon is also utilized in steel production for bubbling, which aids in the removal of impurities from the steel mix. While stirring, the consistency of the mixture's composition is ensured. The increased usage of argon in metalworking processes in the electronics and energy industries is expected to be a prominent driver for the worldwide gas and liquid argon market. Over the projected period, the expanding application scope of argon in the healthcare sector is expected to be a major contributor to the growth of the gas and liquid argon market. The increased use of structural adhesives instead of argon in welding operations, on the other hand, is expected to work against the worldwide gas and liquid argon market throughout the forecast period.
Report Overview
The report provides a thorough look at the global gas and liquid argon market by profiling its key segments in order to provide readers with a comprehensive understanding of the granular structure of the market. A fruitful combination of primary and secondary research is used in the report to ensure the accuracy and comprehensiveness of the information presented therein. The global gas and liquid argon market is segmented on the basis of type, mixture, function, end-use industry, and region in the report. The competitive landscape of the global gas and liquid argon market is also studied in the report in order to acquaint readers with the major players operating in the global gas and liquid argon market and the key strategies they are using to ensure continued success in the market over the forecast period.
Segmentation Overview
The global gas and liquid argon market is segmented by type into gas and liquid. By mixture, the global gas and liquid argon market is segmented into Ar-CO2, Ar-O2, Ar-He, Ar-H2, and others. By function, the gas and liquid argon market is segmented into cooling, illumination, and insulation. Key end-use industries in the global gas and liquid argon market include welding and metal fabrication, automotive and transportation, electronics, food and beverage, healthcare, energy, and others.
Regional Overview
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 the major share in the global gas and liquid argon market in 2016, followed by North America and Europe. The Middle East & Africa and Latin America markets are likely to hold comparatively minor positions in the global gas and liquid argon market over the forecast period.
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.).
Research Methodology
Primary and secondary research have been used to profile the global gas and liquid argon market and present to readers an accurate overview of the intricacies of the market. Primary research channels used by MRFR analysts include leading players in the global gas and liquid argon market, whereas secondary research is conducted through reliable sources such as SEC filings, whitepapers, and press releases. Every precaution is taken to ensure the accuracy of the data presented in the report.
Analysis Period
- Base Year – 2017
- Projection Period - From 2018 to 2023
- Market Valuation - USD Million
- Market Volume - Kilotons
For the scope of the report, the gas and liquid argon market is segmented in the following manner
Type
- Gas
- Liquid
Mixture type:
- Ar-CO2
- Ar-O2
- Ar-He
- Ar-H2
- Others
Function:
- Cooling
- Illumination
- Insulation
End use:
- Welding and Metal Fabrication
- Automotive and Transportation
- Food and Beverage
- Healthcare
- Electronics
- Energy
- Others
Region
- North America
- The U.S.
- Canada
- Europe
- U.K.
- Spain
- Italy
- France
- Russia
- Poland
- Germany
- Rest of EuropeÂ
- Asia Pacific
- China
- Japan
- India
- Thailand
- Malaysia
- Indonesia
- South Korea
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- The Middle East & Africa
- UAE
- Egypt
- Turkey
- Israel
- Saudi Arabia
- Rest of Middle East & Africa
Intended Audience
- Gas and liquid argon manufacturers
- Traders and distributors of gas and liquid argon
- Government and Independent Regulatory Authorities
- Research and Development (R&D) Companies
- Market Research and Consulting Service Providers
- Potential Investors
- Raw material suppliers
- Nationalized laboratories
Recent DevelopmentBruker released a few novel apps in 2019 to improve its product category and expand its product portfolio. G6 Leonardo, for example, is an inert gas fusion analyzer. The machinery is dependable, precise, and cost-effective. The machine includes pre-calibrated standard procedures as well as argon, which helps to streamline a variety of industrial operations. Air Products stated in December 2018 that it would construct, own, and operate a new air separation unit (ASU) in Minnesota to create huge amounts of argon, oxygen, and nitrogen. Mostly for local customers and distributors, these will be accessible in liquid form.
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
