(MENAFN- GlobeNewsWire - Nasdaq) Vancouver, Sept. 28, 2023 (GLOBE NEWSWIRE) -- The global argon gas market size was USD 360.5 Million in 2022 and is expected to register a steady revenue CAGR of 3.8% during the forecast period, according to latest analysis by Emergen Research. Increasing popularity of argon glow lights for lighting and entertainment and rising demand for cost-effective disposable argon gas cylinders are key factors driving market revenue growth.

Argon is inert, and therefore has no reaction with the heated filament in an electric bulb. In fluorescent and incandescent light bulbs, argon gas is utilized to prevent oxygen from corroding the hot tungsten filament. Use of argon in light bulbs prevents the tungsten filament from evaporating, resulting in longer light bulb life. Manufacturers frequently blend argon and mercury to create a darker and more vivid shade of blue. The producers may periodically paint the interior of glass tubing with Ultraviolet (UV)-sensitive phosphors to achieve different hues. The phosphors sparkle due to the UV light produced by mercury in the mixture.

Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @

Cylinders filled with argon gas is widely used for easy storage and transportation. Disposable cylinders are frequently less expensive than refilling reusable cylinders. Non-refillable cylinders generally save time and do not require re-certification on a regular basis. In addition, disposable gas cylinders have a bigger capacity and are loaded at a much higher pressure than ordinary disposable cylinders. This has led to a rise in demand for argon cylinders across various industry verticals, which is another key factor driving the revenue growth of the market.

Argon is widely used in welding and casting processes, which aids in the production of specialized alloys and titanium. Many welders use argon as a shielding gas in arc welding to protect the metal from damaging effects of oxygen. Moreover, argon is used as a shielding gas during welding to keep metals from oxidizing. Several ferrous and nonferrous alloys are best joined by inert gas welding. Argon is used as a purge or inerting gas in furnaces and other processing steps in metals and semiconductor industries. In some cases, an inert blanket of gas is supplied and later vaporized over the surface of volatile or reactive molten metals to substantially minimize oxidation and/or volatility.

However, availability of other effective alternatives and health hazards associated with argon gas are key factors, which could restrain market revenue growth. Argon gas can cause harm to human health when inhaled and can cause asphyxia and over exposure might be fatal.

Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now) @

Scope of Research

Report Details	Outcome
Market Size in 2022	USD 360.5 Million
CAGR (2023–2032)	3.8%
Revenue Forecast To 2032	USD 527.9 Million
Base Year For Estimation	2022
Historical Data	2019–2021
Forecast Period	2023–2032
Quantitative Units	Revenue in USD Million and CAGR in % from 2023 to 2032
Report Coverage	Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments Covered	Storage, distribution & transportation, mixture, application, end-use, and region
Regional Scope	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Country Scope	U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, Benelux, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, South Africa, Turkey, and Rest of Middle East & Africa
Key Companies Profiled	Air Liquide, Praxair Technology, Inc., Linde plc, Messer SE & Co. KGaA, Airgas, Inc., Matheson Tri-Gas, Inc., Air Products and Chemicals, Inc., Advanced Specialty Gases, Iwatani Corporation, and Sutton-Garten Co
Customization Scope	10 hours of free customization and expert consultation

Major Companies and Competitive Landscape

The global argon gas market is fairly fragmented, with many large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing new solutions and services. Some major players included in the global argon gas market report are:

• Air Liquide
• Praxair Technology, Inc.
• Linde plc
• Messer SE & Co. KGaA
• Airgas, Inc.
• Matheson Tri-Gas, Inc.
• Air Products and Chemicals, Inc.
• Advanced Specialty Gases
• Iwatani Corporation
• Sutton-Garten Co.

Strategic Development .

On 21 October 2022, Linde Plc announced a long-term agreement with Jindal Stainless Limited (JSL) for the supply of industrial gases. Linde already provides JSL with oxygen, nitrogen, and argon through its on-site Air Separation Unit (ASU) at the Kalinganagar Industrial Estate in Odisha, East India. Linde will develop a second ASU under the terms of new agreement, tripling the present overall capacity of its Kalinganagar plant

Direct Order Can Be Placed Through This Link [Exclusive Copy] @

Some Key Highlights From the Report

• The cylinders & packaged gas segment is expected to account for largest share in the global argon gas market over the forecast period. This is because cylinders and packaged gas allow convenient storage and transportation of argon gas. The presence of various companies offering argon cylinders of varied sizes has led to easy storage and transportation of these cylinders. Argon is supplied and stored in high-pressure cylinders, tubes, or tube trailers, depending on the quantity required by user.
• The argon-oxygen segment is expected to register steadily fast revenue growth rate in the global argon gas market over the forecast period. This is due to the addition of small quantity of oxygen with argon, which can fast-track droplet rate, improve heat transfer, and keep the weld pool molten for longer time. The addition of trace amounts of oxygen to argon has been shown to significantly increase the fluidity of shielding gas and even the overall quality of weld deposit..
• The cooling segment is expected to account for significantly large revenue share in the global argon gas market over the forecast period. This is due to increasing use of argon in cryosurgery to treat tumors and in vacuum furnaces for cooling during thermal processing. The Inert Gas Dross Cooler (IGDC), an argon-based dross cooling solution, can cool all types of dross at any temperature without the use of mechanical moving parts or cooling water, while also snuffing out the thermosetting reaction and preventing formation of fumes and dust.
• The North America market accounted for largest revenue share in the global argon gas market in 2022. This is due to rising demand for packaged food with longer shelf life in retail stores. There are no laws or regulations in the United States that require cosmetics to have precise shelf lives or expiration dates on their labels. The U.S. Food and Drug Administration (FDA) considers calculating a product's shelf life to be the duty of manufacturer. In comparison to other gases, argon results in a significant extension of shelf life as well as an average 25% improvement in quantitative quality characteristics such as flavor, appearance, aroma, color, texture, and overall customer acceptability.
• On 11 July 2023, Airgas Inc. established two strategically placed storage nodes for argon to strengthen the gas's supply chain for customers who use argon in automotive, aerospace, electronics, manufacturing, and metal fabrication applications. This storage will provide flexibility in argon distribution to meet the logistics challenges.

Browse Full Report Description + Research Methodology + Table of Content + Infographics@

Emergen Research has segmented the global argon gas market on the basis of storage, distribution & transportation, mixture, application, end-use, and region:

• Storage, Distribution & Transportation Outlook (Revenue, USD Million; 2019-2032)

• • Cylinders & Packaged Gas
  • Merchant Liquid/Bulk
  • Tonnage

• Mixture Outlook (Revenue, USD Million; 2019-2032)

• • Argon-Carbon Dioxide
  • Argon-Oxygen
  • Argon-Helium
  • Argon-Hydrogen
  • Other Mixture

• Application Outlook (Revenue, USD Million; 2019-2032)

• • Illumination
  • Insulation
  • Cooling

• End-use Outlook (Revenue, USD Million; 2019-2032)

• • Metal Manufacturing & Fabrication
  • Food & Beverages (F&B)
  • Healthcare
  • Energy
  • Chemicals
  • Electronics
  • Others
• Regional Outlook (Revenue, USD Million; 2019–2032)
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Benelux
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
  • Latin America
  • Brazil
  • Rest of LATAM
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Turkey
  • Rest of Middle East & Africa

Curated Reports You Shouldn't Miss: Dive In Now!

Electric Vehicle Battery Market Size, Share, Trends, By Battery Type (Lead-acid, Lithium-ion, Others), By Vehicle Type (Commercial, Passenger), and By Propulsion (Plug-In Hybrid, Battery), Forecasts to 2027

Agriculture Surfactants Market By Type (Non-ionic, Anionic, Cationic, Amphoteric), By Substrate (Synthetic, Bio-based), By Application (Insecticide, Herbicide, Fungicide), Forecasts to 2027

Sustainable Packaging Market Size, Share, Trends, By Materials (Plastic, Paper & Paperboard, Glass, Metal), By Packaging Type, By End Users, Forecasts to 2027

Battery Materials Market Analysis By Battery Type (Lead-Acid, Lithium-Ion, Others), By Material Type (Metal & Metal Oxide, Other Chemical Compounds), By Application (Consumer Electronics, Automotive, Grid Storage, Others), By Region, Forecasts to 2027

Lithium Ion Battery Recycling Market , By Battery Chemistry (Lithium-Iron Phosphate, Lithium-Manganese Oxide, Lithium-Titanate Oxide, and Others), By Source, By Recycling Process, By End-Use, and By Region Forecast to 2030

Air Purifier Market By Technology (HEPA, Activated Carbon, Ionic Filters, Others), By Applications (Commercial, Residential, Industrial, Others) and By Regions Forecasts to 2027

Carbon Nanotube Market Size, Share, Trends, By Product Type (Single-Walled Carbon Nanotubes, Multi-Walled Carbon Nanotubes), By Technology, By Application, and By Region Forecast to 2030

About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web:

Direct Line: +1 (604) 757-9756

E-mail:

Explore Our Blogs and Insights Section:

Read our Press Release @

Tags argon gas market size argon gas market share argon gas market trend argon gas market growth Related Links

• camouflage coatings market
• high precision asphere market
• synthetic leather market
• omega 3 pufa market
• recycled carbon fiber market
• Biocomposites Market
• Acrylic Polymer Market
• Recycled Polyethylene Terephthalate Market
• Prepreg Market
• Polyaryletherketone Market
• Eco Friendly Bitumen Market
• Biochar Market
• Ethoxylates Market
• Ultrafiltration Membranes Market
• Hydraulic Fluid Market
• High Performance Plastic Market
• Plastics Recycling Market
• Bioprocessing Bags Market
• Chloroformates Market
• plastic additives market

MENAFN28092023004107003653ID1107157459