Argon Gas Price Chart, Historical and Forecast Analysis

Argon Gas - Liquid in Bulk (USD/MT) Year-on-Year (YoY) Price Change (CIF Nhava Sheva)

The international price of liquid argon gas delivered to Nhava Sheva port has witnessed a significant year-on-year (YoY) decline from 2023 to 2024. According to the data, the price dropped from USD 586 per metric ton (MT) in October 2023 to USD 419/MT in October 2024-a 28% decrease. The downward trend became even more pronounced in the following months, with November 2024 prices falling to USD 415/MT from USD 692/MT in 2023, marking a sharp 40% YoY decline. Similarly, December recorded a price of USD 415/MT, down from USD 673/MT in 2023, representing a 38% decrease.

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Several factors have contributed to this dramatic decline. A key reason is the global oversupply of argon, stemming from increased production capacities and reduced demand from end-use industries such as manufacturing and electronics. Additionally, stable and relatively low global energy prices have kept production and transport costs under control, further contributing to the softening of prices.

According to Expert Market Research, the outlook for 2025 suggests that prices may continue to remain low. This forecast is primarily based on the expectation of ongoing oversupply and no significant surge in demand or energy prices. The market is likely to stay well-balanced or even oversupplied unless a major shift occurs in industrial consumption trends or energy markets.

The steep YoY decline in argon gas prices reflects the current global market dynamics of surplus supply and stable input costs. Buyers may benefit from these lower prices, but producers could face margin pressures unless demand conditions improve in the coming year.

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Global Argon Gas Industry: Exporters, Importers, and Key Industrial Gas Suppliers

The international argon gas market is sustained by a network of major exporting and importing countries, supported by globally recognized industrial gas companies. This ecosystem is essential for maintaining the steady supply of high-purity argon for applications in welding, electronics, metallurgy, and medical technologies.

Leading Exporting Countries

Several countries with advanced industrial infrastructure and established gas production capabilities are at the forefront of argon gas exports. Germany, Belgium, and the Netherlands lead in Europe, leveraging their strong chemical manufacturing bases and integrated supply chains. Canada and the United States are also prominent exporters, thanks to abundant natural resources and advanced air separation technologies. In Asia, China and South Korea are notable exporters, supplying to nearby regions and participating in global trade. Austria contributes on a smaller scale but remains a consistent player in the European argon export market.

Leading Importing Countries

The demand for argon is high in industrialized nations with robust manufacturing and high-tech sectors. Italy and the United Kingdom are major importers in Europe, where argon is used extensively in welding and metal fabrication. The United States imports argon as well, particularly for specialized applications despite also being an exporter. In North America, Mexico is a growing market due to its expanding industrial sector. France, Turkey, Poland, and Indonesia also represent significant importing countries, each with growing or established industrial needs that rely on argon for precision processes and inert atmospheres in production environments.

Major Suppliers

A select group of global industrial gas companies dominate the argon supply chain, offering distribution, technology, and gas solutions across continents. Air Products and Chemicals, Inc. (USA) is a major supplier with global reach, providing argon for multiple industries. Linde Plc, a multinational with a strong European and American presence, is one of the largest global suppliers of industrial gases. Air Liquide (France) is another leader, offering extensive infrastructure and innovation in gas technologies. NEXAIR (USA) focuses primarily on North American markets. Messer Group (Germany) and Matheson Tri-Gas (USA) are key regional players known for their customized industrial solutions. From Asia, Taiyo Nippon Sanso Corporation (Japan) and Hangyang (China) play growing roles in supplying argon within and beyond Asia, benefiting from strong domestic production capabilities.

Together, these exporters, importers, and suppliers ensure a resilient and efficient global argon supply chain, enabling a wide array of industrial applications worldwide.

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Report Scope:
• Historical Price Data and Analysis, 2021-2024
o Historical Price Data - Monthly
o Grade-Wise Price Fluctuation
o Correlation with Feedstock Price Movement
o Key Market Opportunities and Risks
• Price Outlook
o Monthly Price Forecast (Rolling 3-month forecast for 12 months) (3 Month Quarterly Update)
o Long-Term Price Forecast (2 years), 2025-2026
o Price Influencing Factors
• Supply and Demand Analysis
o Global Market Supply Analysis (2021-2026)
o Global Market Demand Analysis (2021-2026)
o Demand-Supply Gap Analysis
o Historical Dynamics (2021-2024)
o Market Dynamics (Drivers and Constraints)
o Top 5 Deficit Countries with Net Import
o Top 5 Surplus Countries with Net Export
• Cost Breakdown of Tin Plate
o Direct Cost
o Indirect Costs
o Tax and Regulatory Costs
o Profit Margin
• Latest Industry News
o Recent Developments
o Geopolitical Events
o Insights From Government Data and Industries Bodies
• Key Macroeconomic Indicators
o GDP Growth
o Inflation Rates
o Currency Exchange Rates
o Impact on Commodity Prices

How Claight Corporation (Expert Market Research) Database Can Help

The latest report by Expert Market Research, "Argon Gas Prices, Trends, Charts, Demand, and Market Analysis - 2025 Edition," offers a comprehensive overview of the global pricing landscape for argon gas. Designed for industry stakeholders, the study provides detailed historical and forecast price data, highlighting key market shifts and emerging pricing trends.

Drawing from in-depth research, the report analyses the primary factors influencing argon gas prices, including fluctuations in raw material availability, changes in production capacity, and macroeconomic or geopolitical developments. Additionally, the report evaluates global and regional demand patterns, outlining how shifts in end-use industries such as construction, paper, and plastics are impacting market dynamics. By examining the supply-demand balance, Expert Market Research's report helps businesses understand the underlying forces shaping current and future pricing environments, offering valuable insights to guide procurement, pricing strategy, and investment planning.

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