Press release
Argon Market 2020 Ongoing Trends and Recent Developments | Top Players: Airgas, Air Liquide, Linde, Messer Group, Praxair, Air Water, Air Products, American Gas Group, BASF and Buzwair.
The argon market consists of sales of argon gas. Argon is a chemical element known as a Nobel gas (inert gas) isolated on a large scale by fractional distillation of liquid air and can be converted into colourless liquid form by lowering the temperature to below -186 degrees.
The argon gas market is expected to be driven by the growing demand from the electronics industry. As argon gas provides inert atmosphere needed for rapid cooling and heating of materials it will be widely used for manufacturing semiconductors, flat panels, solar PV cells and microelectronic devices in electronics industry.
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Rising costs had a negative impact on the growth of the argon gas market. This rise in raw material costs resulted in higher manufacturing costs, thus decreasing the investments available for research and development of new products. Additionally, companies invested heavily on marketing their products due to intense competition in the market. Rising trucking, railroad, dry-bulk and air-freight rates also negatively impacted the market.
The Many chemical manufacturers are adopting IoT (Internet of Things) technologies to connect equipment and smart devices to garner real time insights and locate gaps in the manufacturing process. The data obtained through these devices is processed, analyzed and interpreted by plant managers and senior level management to improve quality and achieve optimum production levels.
Argon Market Segmentation: -
By Phase - The argon market can be segmented into
1. Billion
2. Liquid
3. Gas
By End-User - The argon market can be segmented into
1. Metal manufacturing & fabrication
2. Chemicals
3. Energy
4. Healthcare
5. Electronics
6. Food & Beverages
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Few Points From Table Of Content
1. Executive Summary
2. Argon Market Characteristics
3. Argon Market Size And Growth
4. Argon Market Segmentation
5. Argon Market Regional And Country Analysis
......
25. Argon Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Global Argon Market
27. Argon Market Trends And Strategies
28. Argon Market Future Outlook and Potential Analysis
29. Appendix
The present study exhibits the trends and market dynamics of the argon market in major countries - USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world. The report also includes the study of the current issues with consumers and various future opportunities for the market.
Some of the major key players involved in the argon market are Airgas, Air Liquide, Linde, Messer Group, Praxair, Air Water, Air Products, American Gas Group, BASF, and Buzwair.
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