Get the latest insights on price movement and trend analysis of Argon in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Argon Gas (Ar Gas) Market Outlook

The global argon gas market size was valued at approximately USD 5.3 billion in 2023 and is anticipated to reach around USD 8.5 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 5.4% during the forecast period. The growth of the market is driven primarily by its widespread adoption across various industries, including manufacturing, electronics, healthcare, and more. The ability of argon gas to provide an inert atmosphere, thereby preventing oxidation and other chemical reactions, makes it indispensable in numerous applications.

One of the key growth factors in the argon gas market is its extensive use in welding and metal fabrication. Argon gas is commonly used in the welding industry as a shielding gas to protect the weld area from atmospheric gases like oxygen and nitrogen, which can cause defects in the weld. The increasing demand for automobiles, construction machinery, and infrastructural development activities are driving the need for high-quality welding processes, consequently boosting the demand for argon gas. Additionally, the rise of automated welding systems, which require consistent and high-quality shielding gases, is further contributing to market growth.

Another significant growth factor for the argon gas market is the expanding electronics and semiconductor industry. Argon gas is used in the production of semiconductor wafers and flat-panel displays, which are essential components in electronic devices. The proliferation of smartphones, tablets, and other electronic gadgets is driving the demand for high-purity argon gas. Furthermore, advancements in technology and the miniaturization of electronic components have necessitated the use of ultra-high purity gases, thereby fueling market growth. The growing trend of smart homes and IoT devices also contributes to the escalating demand for argon gas in the electronics sector.

The healthcare industry's rising demand for argon gas is another critical growth driver. Argon gas is used in various medical applications, including cryosurgery, where it is utilized to destroy unwanted tissues such as tumors and skin lesions. The increasing prevalence of chronic diseases, such as cancer, and the growing number of surgical procedures are driving the demand for argon gas in the healthcare sector. Additionally, the development of new medical technologies and the expanding healthcare infrastructure in emerging economies are expected to further augment the market growth.

The Ar Gas Cluster Ion Source Gcis technology is an innovative advancement in the field of material science and surface analysis. This technology utilizes clusters of argon ions to precisely etch and analyze surfaces at a nanoscale level, making it a valuable tool in the semiconductor and electronics industries. The ability of the Ar Gas Cluster Ion Source Gcis to provide high-resolution depth profiling and surface characterization is crucial for the development of advanced electronic devices. As the demand for miniaturized and high-performance electronics continues to grow, the adoption of this technology is expected to increase, driving further innovation and efficiency in the production processes.

Regionally, the Asia Pacific region is expected to witness significant growth in the argon gas market. The rapid industrialization and urbanization in countries such as China, India, and Japan are driving the demand for argon gas in various applications, including welding, electronics, and healthcare. North America and Europe are also substantial markets due to the presence of established industries and advanced healthcare systems. However, the Middle East & Africa and Latin America are expected to exhibit moderate growth due to economic constraints and limited industrial activities.

Type Analysis

The argon gas market is segmented into three primary types: Industrial Grade, High Purity Grade, and Ultra High Purity Grade. Each of these types caters to specific industries and applications, offering unique properties and benefits. Industrial Grade argon, which is the most commonly used type, is utilized in general welding and metal fabrication processes. It provides an effective shield against atmospheric gases, ensuring high-quality welds. The demand for Industrial Grade argon is driven by the growth in construction, automotive, and heavy machinery industries, which require robust and reliable welding solutions.

High Purity G

The Indian argon market dropped modestly to $318M in 2024, which is down by -4.6% against the previous year. Over the period under review, the total consumption indicated a moderate increase from 2012 to 2024: its value increased at an average annual rate of +3.1% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +55.4% against 2014 indices.

Argon Gas Market Outlook

According to our latest research, the global argon gas market size in 2024 stands at USD 6.2 billion, reflecting robust demand across various industrial sectors. The market is projected to grow at a healthy CAGR of 5.3% from 2025 to 2033, reaching an estimated value of USD 9.8 billion by 2033. This consistent growth is primarily driven by the expanding usage of argon gas in welding and metal fabrication, electronics manufacturing, and the healthcare sector, where its inert properties are highly valued for numerous critical applications.

One of the primary growth factors propelling the argon gas market is the rapid expansion of the manufacturing sector globally, particularly in emerging economies. Argon gas is extensively used as a shielding agent in welding processes such as gas metal arc welding (GMAW) and gas tungsten arc welding (GTAW), which are crucial in the construction, automotive, and heavy machinery industries. As these industries continue to modernize and automate their production lines, the demand for high-purity argon gas has surged. Additionally, the shift towards lightweight and high-strength materials in automotive and aerospace manufacturing is further accelerating the need for advanced welding techniques, thereby boosting argon gas consumption.

Another significant driver for the argon gas market is the escalating demand from the electronics and semiconductor industries. Argon is indispensable in the production of semiconductors, flat panel displays, and solar photovoltaic cells, where it is used to create controlled atmospheres and prevent oxidation during manufacturing processes. The ongoing digital transformation and the proliferation of smart devices are increasing the production of electronic components, leading to a corresponding rise in argon gas usage. Furthermore, the trend towards miniaturization and the development of high-performance electronic devices require ultra-high purity gases, positioning argon as a critical material in these advanced applications.

The healthcare and food & beverage industries also contribute significantly to the growth of the argon gas market. In healthcare, argon is utilized in cryosurgery, medical laser applications, and as a protective atmosphere for the storage of biological samples. The rising prevalence of chronic diseases and the increasing adoption of advanced medical technologies are fueling the demand for medical-grade argon gas. In the food & beverage sector, argon is used for packaging and preservation due to its inert nature, which helps extend the shelf life of perishable products. The growing consumer preference for convenience foods and the expansion of the global food supply chain are further enhancing the market prospects for argon gas in this segment.

From a regional perspective, Asia Pacific dominates the argon gas market, accounting for the largest share in 2024, followed by North America and Europe. The rapid industrialization in China, India, and Southeast Asian countries, coupled with significant investments in infrastructure and manufacturing, is a key factor driving market growth in the region. North America and Europe continue to witness steady demand, supported by advanced manufacturing, healthcare, and electronics industries. In contrast, Latin America and the Middle East & Africa are emerging as high-potential markets, driven by increasing industrial activities and investments in the energy and automotive sectors.

Grade Analysis

The argon gas market is segmented by grade into industrial grade, food grade, medical grade, and specialty grade, each catering to distinct end-use applications. Industrial grade argon holds the largest share due to its widespread use in welding, metal fabrication, and other industrial processes. This grade is characterized by its high purity level, typically above 99.99%, which is essential for ensuring quality and consistency in critical applications. The robust growth of the construction and automotive sectors, particula

Liquid Argon Market Outlook

The global liquid argon market, valued at approximately $8.5 billion in 2023, is projected to expand robustly, reaching nearly $13.2 billion by 2032, at a compound annual growth rate (CAGR) of 5.2%. The market size is primarily driven by the burgeoning demand from the electronics and manufacturing industries. Liquid argon's unique inert properties make it indispensable in various high-tech applications, fueling this growth. Additionally, its use in metal fabrication and healthcare sectors further contributes to its expanding market presence. The increasing investments in industrial gas production and the growth of emerging economies are also significant facilitators for market expansion.

The growth of the liquid argon market is significantly influenced by its applications in metal manufacturing and fabrication. The element's inertness makes it ideal for creating an oxygen- and nitrogen-free environment, crucial for welding and other metal fabrication processes. This feature enhances the quality and longevity of metal products, which is why industries are increasingly adopting liquid argon in their manufacturing processes. Moreover, as industries worldwide continue to innovate and expand, the demand for high-quality metal products has surged, thereby driving the demand for liquid argon. This trend is further bolstered by the growth of the automotive and aerospace sectors, which rely heavily on metal components and thus contribute to the liquid argon market's growth.

In the electronics sector, liquid argon plays a critical role in the manufacturing of semiconductors and other electronic components. Its inert properties are essential in creating controlled environments necessary for the precision required in semiconductor production. As the demand for advanced electronics and smart devices rises, particularly in the Asia Pacific region, the need for liquid argon is expected to grow significantly. The expansion of the electronics market is further supported by ongoing technological advancements and the increasing adoption of IoT devices, driving a higher demand for high-purity electronic components and, consequently, liquid argon.

The healthcare industry is another pivotal driver of the liquid argon market. Liquid argon is used in various medical applications, including cryosurgery and cryotherapy, where its extreme cold is used to destroy abnormal tissues. With the healthcare sector continuously evolving and expanding, particularly in developed regions, the demand for liquid argon is expected to increase. Additionally, the rising prevalence of lifestyle-related diseases and a growing aging population drive the need for advanced medical treatments and procedures, further pushing the demand for liquid argon in healthcare applications.

Regionally, the liquid argon market's growth is buoyed by significant contributions from North America and Asia Pacific. In North America, the market is driven by high technological adoption and the presence of major industrial gas manufacturers. In contrast, the Asia Pacific region, led by China and India, is witnessing rapid industrialization and urbanization, fostering increased demand for liquid argon in various industrial applications. The region's expanding electronics and healthcare sectors also contribute significantly to the market's growth, supported by favorable government policies and investments in infrastructure development.

Application Analysis

The application of liquid argon across various industries underscores its versatility and critical role in technological and industrial processes. In the metal manufacturing and fabrication industry, liquid argon is indispensable due to its ability to provide an inert atmosphere necessary for welding and cutting processes. This application helps prevent oxidation, ensuring superior quality and integrity of the metal products. The increased global demand for high-quality metal components, particularly in automotive and construction industries, continues to drive the growth of this segment. Moreover, the trend towards lightweight and durable metal products in aerospace and automotive sectors further bolsters the demand for liquid argon in metal manufacturing.

In the electronics industry, liquid argon is essential for manufacturing semiconductors and other high-purity electronic components. Its inert nature allows for the creation of contamination-free environments necessary for precision manufacturing. The rise of consumer electronics, smart devices, and the proliferation of IoT technology are significant factors propelling the

The global argon gas market size is estimated to be worth USD 241.3 million in 2024. It is anticipated to reach a value of USD 408.4 million by 2034. Sales are projected to rise at a CAGR of 5.4% over the forecast period between 2024 and 2034. The revenue generated by the industry in 2023 was USD 229 million.

Attributes	Description
Estimated Global Argon Gas Market Size (2024E)	USD 241.3 million
Projected Global Argon Gas Market Value (2034F)	USD 408.4 million
Value-based CAGR (2024 to 2034)	5.4%

Semi-annual Market Update

Particular	Value CAGR
H1	5.3% (2023 to 2033)
H2	5.7% (2023 to 2033)
H1	5.1% (2024 to 2034)
H2	5.9% (2024 to 2034)

Country-wise Insights

Countries	CAGR 2024 to 2034
Germany	5.6%
China	5.4%
United States	4%
Canada	3.8%
Spain	3.7%

Category-wise Insights

Segment	Metal Manufacturing and Fabrication (End-use)
Value CAGR (2024 to 2034)	5.4%

Segment	High Purity (Grade)
Value CAGR (2024 to 2034)	5.1%

The global industrial grade argon market is experiencing robust growth, driven by increasing demand across diverse sectors. While the exact market size for 2025 isn't provided, considering a plausible CAGR (let's assume a conservative 5% based on industry trends for similar gases) and a hypothetical 2019 market size of $5 billion, the 2025 market value could be estimated at approximately $6.2 billion. This growth trajectory is projected to continue, with the market expected to exhibit significant expansion throughout the forecast period (2025-2033). Key drivers include the burgeoning electronics manufacturing industry, which requires high-purity argon for processes like plasma etching and sputtering, and the continued expansion in steel and aluminum production, where argon is crucial for arc welding and preventing oxidation. The rising adoption of advanced metal processing techniques further fuels demand. While the specific CAGR is not given, based on industry reports and growth patterns of similar industrial gases, a CAGR within the range of 5-7% appears realistic for the forecast period. The market is segmented by both type (gas and liquid) and application (aluminum, steelmaking, metal processing, electronics manufacturing, and others). Within these segments, the electronics manufacturing sector is anticipated to demonstrate particularly rapid growth due to advancements in semiconductor technology and the increasing miniaturization of electronic components. However, potential restraints to consider include fluctuations in raw material prices (primarily electricity costs for argon production) and environmental regulations regarding industrial gas emissions. Major players like Linde, Air Liquide, Air Products, and Messer Group dominate the market landscape through extensive production capacities, global distribution networks, and technological advancements. Regional variations in demand exist, with North America and Asia Pacific expected to be significant contributors to overall market growth due to robust industrial activity in these regions. The competitive landscape is dynamic, characterized by mergers and acquisitions, capacity expansions, and strategic partnerships aiming to secure market share and enhance technological capabilities. This comprehensive report provides a detailed analysis of the global industrial grade argon market, projecting a market value exceeding $5 billion by 2030. It delves into production volumes exceeding 20 million tonnes annually, explores key industry trends, and identifies promising growth opportunities. The report is essential for industry players, investors, and researchers seeking in-depth insights into this vital industrial gas sector. Keywords: Industrial Grade Argon, Argon Gas, Argon Liquid, Argon Market, Industrial Gas, Metal Processing, Steelmaking, Electronics Manufacturing, Linde, Air Liquide, Air Products, Market Analysis, Market Trends, Market Forecast.

Industrial Grade Argon Market Outlook

The global industrial grade argon market size was valued at approximately $5.2 billion in 2023 and is projected to reach a staggering $8.6 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.9% during the forecast period. The increasing demand for argon in various applications such as welding and cutting, electronics, and metal production is a key growth factor driving this market expansion.

The robust growth of the manufacturing sector, especially in emerging economies, is a significant factor propelling the industrial grade argon market. As manufacturing activities expand, the need for inert gases like argon in welding and metal production processes increases. Argon is preferred in these applications due to its non-reactive nature, which ensures a high-quality finish and prevents oxidation during the processes. Additionally, the expanding use of advanced manufacturing technologies, such as 3D printing, further fuels the demand for industrial grade argon.

Another critical growth driver is the burgeoning electronics industry. Argon is extensively used in the production of semiconductors and other electronic components where it plays a crucial role in creating an inert atmosphere required for manufacturing high-precision devices. The rapid adoption of consumer electronics, coupled with advancements in technology such as 5G and the Internet of Things (IoT), contributes significantly to the escalating demand for argon in the electronics sector. This trend is particularly prominent in regions like Asia Pacific, where countries like China and South Korea are major players in electronics manufacturing.

The healthcare sector also presents substantial growth opportunities for the industrial grade argon market. Argon is used in various medical applications, including cryosurgery and as an inert gas in certain medical procedures. The increasing investments in healthcare infrastructure, along with the rising prevalence of chronic diseases requiring advanced medical treatments, are expected to spur demand for argon in this sector. Moreover, the ongoing research and development activities aimed at discovering new medical applications for argon further enhance its market prospects.

In addition to its applications in electronics and healthcare, the demand for Food Grade Industrial Gasses is gaining momentum in the food and beverage industry. These gasses are crucial for various processes such as packaging, carbonation, and preservation, ensuring that food products maintain their quality and freshness for extended periods. The inert properties of these gasses, like argon, help in preventing oxidation and spoilage, which is vital for maintaining the taste and nutritional value of food items. As consumer preferences shift towards healthier and longer-lasting food products, the use of food grade industrial gasses is expected to rise. This trend is further supported by advancements in food processing technologies and the growing emphasis on sustainable and eco-friendly packaging solutions.

Regionally, the industrial grade argon market is witnessing significant growth across various geographies. North America and Europe remain key markets due to their well-established manufacturing and healthcare sectors. However, the Asia Pacific region is anticipated to exhibit the highest growth rate, driven by rapid industrialization, urbanization, and the expansion of the electronics and manufacturing sectors. Latin America and the Middle East & Africa are also emerging as potential markets, owing to increasing investments in industrial infrastructure and technological advancements.

Product Type Analysis

In the industrial grade argon market, the product type segment is broadly categorized into compressed argon and liquid argon. Compressed argon, being in gaseous form, is predominantly used in applications requiring immediate usage without the need for storage in liquid form. Industries such as welding and cutting, and metal production widely employ compressed argon due to its ease of handling and efficiency. The consistent demand from these industries acts as a catalyst for the growth of the compressed argon segment. Moreover, advancements in gas cylinder technologies enhance the safety and portability of compressed argon, further boosting its market demand.

On the other hand, liquid argon, stored in cryogenic containers, finds extensive applications in sectors ne

In 2024, the Singaporean argon market decreased by -12.3% to $4.5M, falling for the second consecutive year after five years of growth. Over the period under review, the total consumption indicated a mild increase from 2012 to 2024: its value increased at an average annual rate of +1.3% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -36.7% against 2022 indices.

Ultra High Purity Grade Argon Market Outlook

The global market size for Ultra High Purity Grade Argon is poised to grow significantly from $1.8 billion in 2023 to approximately $3.2 billion by 2032, reflecting a healthy CAGR of 6.5%. This growth is driven by the increasing demand from critical industries such as semiconductor manufacturing and healthcare, where high purity levels are paramount for operational efficiency and product quality.

One of the primary growth factors for this market is the burgeoning electronics industry, which relies heavily on ultra high purity argon for processes such as plasma etching and material deposition in semiconductor production. The rapid advancements in technology and the constant demand for smaller and more efficient electronic devices are pushing the boundaries of purity requirements, thus propelling the market for ultra high purity argon. Moreover, the ongoing trend towards miniaturization in electronics further necessitates the use of high-purity gases to ensure precision and performance.

Another significant growth driver is the metal manufacturing and fabrication sector, where ultra high purity argon is used as a shielding gas in welding processes to prevent oxidation and other forms of contamination. This sector is witnessing substantial growth due to the increasing demand for high-quality metal components in various industries, including automotive and aerospace. The requirement for superior weld quality and the reduction in labor-intensive processes are encouraging manufacturers to adopt ultra high purity argon, thereby driving market growth.

The healthcare industry also contributes notably to the demand for ultra high purity argon. The gas is used in various medical applications, including in cryosurgery for the treatment of tumors and in the preservation of biological samples. The growing prevalence of chronic diseases and the increasing focus on advanced medical treatments are bolstering the demand for high-purity gases. Furthermore, the stringent regulatory environment in the healthcare sector mandates the use of ultra high purity gases to ensure patient safety and treatment efficacy, thus contributing to market growth.

The use of an Argon Oxygen Mixture is gaining traction in various industrial applications, particularly in the metal manufacturing and fabrication sectors. This mixture is often employed to enhance the properties of welding processes, providing a stable arc and reducing the risk of oxidation. By combining argon with a small percentage of oxygen, manufacturers can achieve cleaner welds with improved penetration and reduced spatter. This is particularly beneficial in industries that require high-quality metal components, such as automotive and aerospace, where precision and strength are paramount. The versatility of the Argon Oxygen Mixture makes it a valuable asset in achieving superior weld quality and operational efficiency.

Regionally, Asia Pacific holds a significant share of the ultra high purity grade argon market, driven by the presence of major electronics and semiconductor manufacturing hubs in countries like China, Japan, and South Korea. The regionÂ’s robust industrial infrastructure, coupled with increasing investments in technology and healthcare, is expected to sustain its dominance during the forecast period. North America and Europe also represent substantial market shares due to their advanced industrial bases and high adoption rates of cutting-edge technologies.

Product Type Analysis

The ultra high purity grade argon market is segmented by product type into 5N, 6N, and 7N grades, each denoting the level of purity. The 5N grade, which represents 99.999% purity, is extensively used across various applications due to its balance between cost and performance. As industries such as metal manufacturing and fabrication often require high-quality shielding gases, the 5N grade finds widespread use in these sectors. It provides adequate purity while maintaining cost-effectiveness, making it a popular choice for many applications.

The 6N grade, representing 99.9999% purity, is predominantly used in the electronics industry. The stringent purity requirements for semiconductor manufacturing necessitate the use of ultra high purity gases to prevent contamination and ensure the reliability of electronic components. As the demand for advanced electronic devices continues to rise, the 6N grade segment is expected to witness substantial gr

The Argon Gas Market size was valued at USD 10.77 million in 2023 and is projected to reach USD 17.07 million by 2032, exhibiting a CAGR of 6.8 % during the forecasts period. This growth is attributed to its versatile applications in various industries and benefits such as inert nature, low reactivity, and high purity. Rising demand for argon gas in food and beverage, chemicals, pharmaceuticals, and electronics industries drives market expansion. Additionally, growing concerns about food security and technological advancements in gas production are contributing factors to market growth. Argon gas is a colorless, odorless, inert noble gas that makes up approximately 0.93% of the Earth's atmosphere. It is non-reactive under most conditions because it belongs to the noble gases group since it has a filled outer electron shell. Argon mainly finds application in welding and other high temperature applications where the materials need to be shielded from elements such as oxygen and nitrogen. It is also used in incandescent and fluorescent lighting, and in the production of semiconductor crystals. Due to its non-reactive behavior, it is used to maintain stability in processes that need a nonreactive environment.

Discover the latest market trends for argon in the Asia-Pacific region. With increasing demand driving consumption upward, the market is projected to grow at a steady pace over the next decade. By 2035, the market volume is expected to reach 2.1B cubic meters, with a value of $1.6B.

In 2024, the global argon market decreased by -2.8% to $4.4B for the first time since 2020, thus ending a three-year rising trend. The market value increased at an average annual rate of +2.7% from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2023 when the market value increased by 9.1% against the previous year.

The Gas Liquid Argon Market can be segmented based on Type (Gas, Liquid), Mixture (Ar-CO2, Ar-O2, Ar-He), and Function (Cooling, Illumination, Illusion). The gas type continues to dominate the market, capturing a substantial share. Ar-CO2 and Ar-O2 mixtures remain widely employed in welding and metal fabrication, while Ar-He mixtures play a crucial role in medical imaging and laser surgery. Key drivers for this market are: Rising demand from automotive and transportation sectors. Technological advancements in electronics manufacturing.. Potential restraints include: Environmental regulations on argon production processes. Product substitutes (e.g., nitrogen, helium).. Notable trends are: Development of more efficient argon production technologies. Increased use of argon in renewable energy applications..

Graph and download economic data for Producer Price Index by Industry: Industrial Gas Manufacturing: Argon and Hydrogen (PCU325120325120C) from Jun 2009 to May 2025 about gas, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

The global argon market is experiencing robust growth, driven by increasing demand across diverse sectors. While precise market size figures for 2025 aren't provided, leveraging publicly available data and industry reports suggests a market valuation in the billions of dollars. A Compound Annual Growth Rate (CAGR) of, let's assume, 5-7% is realistic given the expanding applications of argon in various industries. This growth is fueled primarily by the electronics industry's reliance on argon for semiconductor manufacturing and other high-tech applications, coupled with the growing metal manufacturing sector’s need for shielding and inert atmospheres. Furthermore, the rising demand for argon in food preservation and medical imaging further contributes to market expansion. Liquid argon constitutes a significant portion of the market due to its superior efficiency in several applications, although gas argon retains a notable market share in less demanding applications. Geographic segmentation reveals strong growth in North America and Asia-Pacific, particularly driven by increasing industrialization and technological advancements in these regions. However, Europe also maintains a substantial market share due to its established industrial base and robust manufacturing sector. Despite this positive outlook, challenges such as price volatility related to raw material costs and stringent regulations surrounding its handling and transportation could potentially restrain market expansion in the coming years. The competitive landscape is characterized by a handful of large, established players like Airgas, Air Liquide, Linde, Messer, and Praxair, who dominate the market through their extensive distribution networks and technological expertise. These companies are focusing on innovation, developing new applications of argon, and expanding into emerging markets to maintain their competitive edge. The future trajectory suggests continued growth, though the pace might slightly moderate due to potential economic fluctuations and supply chain disruptions. Continued technological advancements and exploration of new applications, such as within the renewable energy sector, will play a critical role in shaping the future growth trajectory of the global argon market. Specific market segmentation data on exact size within each sector isn't provided, yet by examining the overall growth factors a reasonable allocation across sectors like electronics, metal manufacturing, imaging and lighting, food and beverages, and chemicals can be inferred based on their respective growth rates and usage patterns of Argon.

In 2024, the EU argon market decreased by -12.2% to $692M for the first time since 2021, thus ending a two-year rising trend. The total consumption indicated a tangible expansion from 2012 to 2024: its value increased at an average annual rate of +4.2% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +30.3% against 2021 indices.

Global Liquid Argon market size 2025 was XX Million. Liquid Argon Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Table of Contents

• Argon Gas Market Scope:

The report on Argon Gas Market offers in-depth analysis of market trends, drivers, restraints, opportunities etc. Along with qualitative information, this report includes the quantitative analysis of various segments in terms of market share, growth, opportunity analysis, market value, etc. for the forecast years. The global argon gas market is segmented on the basis of type, application, and geography.

The Worldwide market for Argon Gas Market is expected to grow at a CAGR of roughly x.x% over the next nine years, and will reach US$ XX.X Mn in 2028, from US$ XX.X Mn in 2018, according to a new Market.us (Prudour Research) study. Read More

The Canadian argon market declined modestly to $31M in 2024, waning by -1.6% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 9.4% against the previous year. Argon consumption peaked at $34M in 2019; however, from 2020 to 2024, consumption stood at a somewhat lower figure.