Argon is a substitute product for helium in various sectors and rising prices of helium will boost argon demand in several applications. Infrastructural activities demanding steel which in turn is expected to drive argon market over the study period. Automotive industry is also anticipated to increase argon demand as steel is one of the major components. Applications in solar and insulated windows will also expected to drive the global argon market.
Argon gas is used in windows to fill the space between glass panes to prevent cold air from coming inside the rooms and make it insulated, which will drive the global argon market over the forecast period. Also argon is used in manufacturing processes of solar energy. Growing electricity demand from developed and developing countries is expected to drive argon market over the forecast period.
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Argon is also used in various welding applications such as welding of special alloys and production of light bulbs and lasers because of its versatile nature. This is also anticipated to propel argon market globally. It is used in various heating processes as it provide oxygen and nitrogen free environment which is expected to drive the market over forecast period.
However, high transportation cost due to rising fuel cost will hamper the global argon market over the forecast period
The electronics application accounted for the largest market share in 2017 and is expected to grow considerably during the projected period.
Some of the key players operating in this market include Airgas, Air Liquide, Linde, American Gas Group, Messer Group, Praxair, BASF, Buzwair, Coregas, AMCS Corporation., National Industrial Gas Plants and Others.
Key Benefits of the Report:
- Global, Regional, Country, Product Type, and Application Market Size and Forecast from 2014-2025
- Detailed market dynamics, industry outlook with market specific PESTLE, Value Chain, Supply Chain, and SWOT Analysis to better understand the market and build strategies
- Identification of key companies that can influence this market on a global and regional scale
- Expert interviews and their insights on market shift, current and future outlook and factors impacting vendors short term and long term strategies
- Detailed insights on emerging regions, Product Type, Application Method, and competitive landscape with qualitative and quantitative information and facts
* Argon manufacturers
* Traders, Importer and Exporter
* Raw material suppliers and distributors
* Research and consulting firms
* Government and research organizations
* Associations and industry bodies
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The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective like analyst report of investment banks. The secondary research forms the base of our study where we conducted extensive data mining, referring to verified data sources such as white papers government and regulatory published materials, technical journals, trade magazines, and paid data sources.
For forecasting, regional demand & supply factor, investment, market dynamics including technical scenario, consumer behavior, and end use industry trends and dynamics , capacity production, spending were taken into consideration.
We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.
The market estimates and forecasts have been verified through exhaustive primary research with the Key Industry Participants (KIPs) which typically include:
- Original Equipment Manufacturer,
- Component Supplier,
- Government Body & Associations, and
- Research Institute
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TABLE OF CONTENT
1 Executive Summary
2 Methodology And Market Scope
3 Argon Market — Industry Outlook
4 Argon Market Product Type Outlook
5 Argon Market Application Method Outlook
6 Argon Market Regional Outlook
7 Competitive Landscape
End of the Report
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