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Global Argon Gas Market to reach USD XX million by 2028.

Global Argon Gas Market to reach USD XX million by 2028.

Product Code: OIRGSF-99764731
Publish Date: 25-02-2022
Page: 200

Global Argon Gas Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028.

Argon is an inert, odorless, and colorless gas that is obtained from the fractional distillation of liquid air. The ubiquitous argon gas presents in its natural form in the type of several elements such as 36Ar, 38Ar, and 40Ar. Argon gas is highly adopted for shielding materials from oxidation during welding because of its inert reactivity property. It is also utilized for the connection of some ferrous and nonferrous alloys. The growing demand for electronic goods, technological developments, and rising application of argon gases across various applications automotive, electronics, lighting, energy, metal fabrication, healthcare, and many others are the primary factors for the market growth across the globe. For instance, according to the Indian Brand Equity Foundation (IBEF), in 2019, the appliances and consumer electronics market reached nearly USD 10.93 billion in India and is likely to increase to USD 21.18 billion by the end of 2025. However, the high cost of transportation due to rising fuel prices impedes the growth of the market over the forecast period of 2022-2028. Also, the potential development of the chemical industry is anticipated to act as a catalyzing factor for the market demand during the forecast period.

The key regions considered for the global Argon Gas market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growth of the pharmaceuticals industry and rising demand by the food & beverage sector. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as infrastructural developments, technological advancements, as well as rising industrialization in emerging nations, would create lucrative growth prospects for the Argon Gas market across the Asia-Pacific region.
Major market players included in this report are:
Air Liquide
Air Products and Chemicals, Inc.
Iwatani Corporation.
Praxair Technology, Inc.
Linde, Advanced Specialty Gases.
Airgas, Inc.
Messer Group GmbH
Matheson Tri-Gas, Inc.
BASF SE
AMCS Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Mixture:
Argon-carbon dioxide
Argon-oxygen
Argon-Helium
Argon-Hydrogen
Others
By Storage & Distribution and Transportation:
Cylinder & packaged gas
Merchant liquid/bulk
Tonnage
By Function:
Insulation,
Illumination
Cooling
By End-Use Industry:
Metal manufacturing & fabrication
Chemicals
Energy
Healthcare
Electronics
Food & beverage
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Argon Gas Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
1.2.1. Argon Gas Market, by Region, 2020-2028 (USD Million)
1.2.2. Argon Gas Market, by Mixture, 2020-2028 (USD Million)
1.2.3. Argon Gas Market, by Storage & Distribution and Transportation, 2020-2028 (USD Million)
1.2.4. Argon Gas Market, by Function, 2020-2028 (USD Million)
1.2.5. Argon Gas Market, by End-Use Industry, 2020-2028 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Argon Gas Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Argon Gas Market Dynamics
3.1. Argon Gas Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Growing demand of the electronic goods
3.1.1.2. Rising application in end-use industry
3.1.2. Market Challenges
3.1.2.1. High transportation cost due to rising fuel prices
3.1.3. Market Opportunities
3.1.3.1. Potential growth and development of the chemical industry
Chapter 4. Global Argon Gas Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Argon Gas Market, by Mixture
6.1. Market Snapshot
6.2. Global Argon Gas Market by Mixture, Performance – Potential Analysis
6.3. Global Argon Gas Market Estimates & Forecasts by Mixture 2019-2028 (USD Million)
6.4. Argon Gas Market, Sub Segment Analysis
6.4.1. Argon-carbon dioxide
6.4.2. Argon-oxygen
6.4.3. Argon-Helium
6.4.4. Argon-Hydrogen
6.4.5. Others
Chapter 7. Global Argon Gas Market, by Storage & Distribution and Transportation
7.1. Market Snapshot
7.2. Global Argon Gas Market by Storage & Distribution and Transportation, Performance – Potential Analysis
7.3. Global Argon Gas Market Estimates & Forecasts by Storage & Distribution and Transportation 2019-2028 (USD Million)
7.4. Argon Gas Market, Sub Segment Analysis
7.4.1. Cylinder & packaged gas
7.4.2. Merchant liquid/bulk
7.4.3. Tonnage
Chapter 8. Global Argon Gas Market, by Function
8.1. Market Snapshot
8.2. Global Argon Gas Market by Function, Performance – Potential Analysis
8.3. Global Argon Gas Market Estimates & Forecasts by Function 2019-2028 (USD Million)
8.4. Argon Gas Market, Sub Segment Analysis
8.4.1. Insulation
8.4.2. Illumination
8.4.3. Cooling
Chapter 9. Global Argon Gas Market, by End-Use Industry
9.1. Market Snapshot
9.2. Global Argon Gas Market by End-Use Industry, Performance – Potential Analysis
9.3. Global Argon Gas Market Estimates & Forecasts by End-Use Industry 2019-2028 (USD Million)
9.4. Argon Gas Market, Sub Segment Analysis
9.4.1. Metal manufacturing & fabrication
9.4.2. Chemicals
9.4.3. Energy
9.4.4. Healthcare
9.4.5. Electronics
9.4.6. Food & beverage
9.4.7. Others
Chapter 10. Global Argon Gas Market, Regional Analysis
10.1. Argon Gas Market, Regional Market Snapshot
10.2. North America Argon Gas Market
10.2.1. U.S. Argon Gas Market
10.2.1.1. Mixture estimates & forecasts, 2019-2028
10.2.1.2. Storage & Distribution and Transportation estimates & forecasts, 2019-2028
10.2.1.3. Function estimates & forecasts, 2019-2028
10.2.1.4. End-Use Industry estimates & forecasts, 2019-2028
10.2.2. Canada Argon Gas Market
10.3. Europe Argon Gas Market Snapshot
10.3.1. U.K. Argon Gas Market
10.3.2. Germany Argon Gas Market
10.3.3. France Argon Gas Market
10.3.4. Spain Argon Gas Market
10.3.5. Italy Argon Gas Market
10.3.6. Rest of Europe Argon Gas Market
10.4. Asia-Pacific Argon Gas Market Snapshot
10.4.1. China Argon Gas Market
10.4.2. India Argon Gas Market
10.4.3. Japan Argon Gas Market
10.4.4. Australia Argon Gas Market
10.4.5. South Korea Argon Gas Market
10.4.6. Rest of Asia Pacific Argon Gas Market
10.5. Latin America Argon Gas Market Snapshot
10.5.1. Brazil Argon Gas Market
10.5.2. Mexico Argon Gas Market
10.6. Rest of The World Argon Gas Market
Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Air Liquide
11.2.1.1. Key Information
11.2.1.2. Overview
11.2.1.3. Financial (Subject to Data Availability)
11.2.1.4. Product Summary
11.2.1.5. Recent Developments
11.2.2. Air Products and Chemicals, Inc.
11.2.3. Iwatani Corporation.
11.2.4. Praxair Technology, Inc.
11.2.5. Linde, Advanced Specialty Gases.
11.2.6. Airgas, Inc.
11.2.7. Messer Group GmbH
11.2.8. Matheson Tri-Gas, Inc.
11.2.9. BASF SE
11.2.10. AMCS Corporation
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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