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(2023-2032) Argon Global Market Analysis And Forecast | Technologies, Demand, Growth, Research And Players Airgas, Air Liquide, Linde, Messer Group, Praxair
Argon Market Report
As per the Argon market report by The Business Research Company, The argon gas market is expected to be driven by the growing demand from the electronics industry. As argon gas provides an 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 the electronics industry. The electronics industry has more scope due to the growth in the technology market, especially in Asia-Pacific, which is driving the requirement for advanced semiconductor components and a high reliance on specialty gases such as argon.
The global argon market size will grow from $6.06 billion in 2022 to $6.84 billion in 2023 at a compound annual growth rate (CAGR) of 12.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global argon market size is expected to grow from $10.28 billion in 2027 at a CAGR of 10.7%.
Read More On The Argon Market Report Here:
https://www.thebusinessresearchcompany.com/report/argon-global-market-report
Major competitors in the Argon market include Airgas, Air Liquide, Linde, Messer Group, Praxair, Air Water, Air Products, American Gas Group, BASF, Buzwair, and Eurochem.
The Argon market is segmented -
• By Phase: Liquid, Gas
• By Function: Cooling, Illumination, Illusion
• By End Userr: Metal manufacturing & fabrication, Chemicals, Energy, Healthcare, Electronics, Food & beverage, Other End-Users (includes scuba diving, automotive & transportation equipment)
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Argon market.
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Argon is a chemical element known as a Nobel gas (inert gas) that is isolated on a large scale by fractional distillation of liquid air and can be converted into colorless liquid form by lowering the temperature to below-186 degrees. Argon is frequently used when there is a requirement for inert atmosphere.
The Table Of Content For The Argon Market Include:
1. Executive Summary
2. Argon Market Characteristics
3. Argon Market - Macro Economic Scenario
4. Argon Market Size And Growth
5. Argon Market Segmentation
………
27. Key Mergers And Acquisitions In The Argon Market
28. Argon Market Trends And Strategies
30. Argon Market Future Outlook and Potential Analysis
31. Appendix
The "Global Argon Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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