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Global Argon Market 2016-2020

Global Argon Market 2016-2020

About the Argon Market

Argon belongs to the group of chemical elements that exhibit chemical inertness on account of their unique atomic structures. These elements are called the inert gases or noble gases. There are six naturally occurring noble gases — helium, neon, argon, krypton, xenon, and radon. These gases are highly unreactive and are therefore widely used in non-reactive applications. Argon gas is extensively employed in electronics, imaging and lighting, metal fabrication and manufacturing, chemicals and food and beverages.

Technavio’s analysts forecast the global argon market to grow at a CAGR of 6.47% by volume during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global argon market for 2016-2020. To calculate the market size, the report considers revenue generated from several applications of argon gas across different end-user segments. The market is divided into the following segments based on geography:

  • APAC
  • EMEA
  • North America
  • Central and South America
Technavio's report, Global Argon Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Airgas
  • Air Liquide
  • Linde
  • Messer Group
  • Praxair
Other prominent vendors
  • Air Water
  • Air Products
  • American Gas Group
  • BASF
  • Buzwair
  • Coregas
  • Gulf Cryo
  • Iwatani
  • Taiyo Nippon Sanso
Market driver
  • Use of argon as a potential neuroprotectant
  • For a full, detailed list, view our report
Market challenge
  • Rise of substitutable technologies
  • For a full, detailed list, view our report
Market trend
  • Use of argon in chromatography and electrosurgery
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Argon Market 2016-2020

Technavio recognizes the following companies as the key players in the global argon market: Airgas, Air Liquide, Linde, Messer Group, and Praxair.

Other Prominent Vendors in the market are: Air Water, Air Products, American Gas Group, BASF, Buzwair, Coregas, Gulf Cryo, Iwatani, and Taiyo Nippon Sanso.

Commenting on the report, an analyst from Technavio’s team said: “A trend that is helping to boost market growth is the use of argon in chromatography and electrosurgery. Argon is the most preferred gas in gas chromatography. Argon plasma, the most prevalent source of ions, can also be looked at as an excitable medium for inductively coupled plasma. One of the primary reasons behind using argon plasma is its efficiency in plasma generation. The ionization potential of argon is 1,520.6 kiloJoule per mole, which is much higher than other potential gases. Higher ionization potential enables efficient plasma generation.”

According to the report, a key growth driver is the use of argon in neuroprotection. Argon has confirmed narcotic and protective abilities. The earliest studies about argon's properties have shown its ability to display narcotic effects at hyperbaric pressures of more than 10 atmospheres while more recent evidence seek to present argon as a potential neuroprotective agent. Protection was detected with three distinct concentrations of argon, 25%, 50%, and 74%.

Further, the report states that one challenge that could hamper market growth is the rise of substitutable technologies.

Companies Mentioned

Airgas, Air Liquide, Linde, Messer Group, Praxair, Air Water, Air Products, American Gas Group, BASF, Buzwair, Coregas, Gulf Cryo, Iwatani, Taiyo Nippon Sanso.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global argon market
    • Market size and forecast by volume
      • Table Global Argon market 2015-2020 (million liters)
    • Market size and forecast by revenue
      • Table Global argon market 2015-2020 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by storage type
    • Market overview
  • Market segmentation by delivery type
    • Market overview
      • Table Market segmentation by delivery type 2015
  • Market segmentation by application
    • Global argon market by application
      • Table Global argon market by application 2015
      • Table Global argon market by application 2020
    • Electronics
      • Table Global argon market in electronics application segment 2015-2020 ($ millions)
    • Imaging and lighting
      • Table Global argon market in imaging and lighting application segment 2015-2020 ($millions)
    • Metal manufacturing and fabrication
      • Table Global argon market in metal manufacturing and fabrication segment 2015-2020 ($millions)
    • Food and beverages
      • Table Global argon market in food and beverages application segment 2015-2020 ($millions)
    • Chemicals
      • Table Global argon market in chemical application segment 2015-2020 ($ millions)
  • Market segmentation by geography
    • Global argon market by geography
      • Table Global argon market by geography 2015
      • Table Global argon market by geography 2020
    • Asia-Pacific (APAC)
      • Table Argon market in APAC 2015-2020 ($ millions)
    • Europe, Middle East, and Africa (EMEA)
      • Table Argon market in EMEA 2015-2020 ($ millions)
    • North America
      • Table Argon market in North America 2015-2020 ($ millions)
    • Central and South America
      • Table Argon market in Central and South America 2015-2020 ($ millions)
  • Market drivers
    • Table Global growth rates by sector 2015
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Buying criteria
      • Table Buying criteria
    • Other prominent vendors
  • Key vendor analysis
    • Airgas
      • Table Airgas: Business segmentation by revenue 2015
      • Table Airgas: Product offering
    • Air Liquide
      • Table Air Liquide: Business segmentation by revenue 2015
    • Linde
      • Table Linde: Business segmentation by revenue 2015
    • Messer Group
      • Table Messer group: Business segmentation by revenue 2015
    • Praxair
      • Table Praxair: Business segmentation by revenue 2015
  • Appendix
    • List of abbreviations
  • Explore Technavio

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