Argon Gas Market

Date: 2016-05

Argon gas is in the group 18 of the periodic table and is a noble gas. It is a colorless, odorless gas that is inert in nature. Gas industry has been on the growth and because of its cheap and inert nature Argon gas has replaced many of the other gases in the Industry. Ever increasing need for fabrication, welding and chemical analysis is the main reason for the growth of argon gas industry.

In the present global context, argon gas industry is segmented on the basis of grade, end user industries and mixtures. On the basis of grade it is divided into mainly three types; food grade, industrial grade and scientific grade. The chemical mixture divisions include Argon 聳 Carbon Dioxide Mixture, Argon 聳 Helium 聳 Carbon Dioxide Mixture and other mixtures.

The industries that utilize argon gases include welding and fabrication, food and beverages and chemical industry. Fabrication sector is the fastest growing industry followed by the chemical sector. The global market for argon gas is estimated to grow multifold owing to the increasing demand from the end user industries. The metal manufacturing & fabrication end-use industry segment is projected to grow at the highest CAGR from 2015 to 2020. The key players of the argon gas market implement different strategies such as expansions & investments, new product launches, agreements, partnerships, contracts, and joint ventures to gain a larger share in the market.

Argon Gas Market

The major market for the argon gas is North American region, while Europe and APAC also contribute a good fraction of the share. In North America U.S. is the dominant market while in Europe it is led by Germany.

The argon gas market is dominated by five major companies namely:
Praxair Inc (The U.S.)
Linde group (Germany)
Air Liquide SA (France)
Messer Group (Germany)
Airgas Inc(The U.S.)

These companies have shown their dominant presence in various fields of the gas industry.

The other key players in the market are
Airtec Gases Inc (U.S.),
Matheson Trigas, Inc (the U.S.)


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