Argon Gas Market by End-Use Industry (Metal Manufacturing & fabrication, Chemicals), Storage, Distribution & Transportation (Cylinder & packaged gas, Merchant liquid), Mixture (Ar-CO2, Ar-O2), Function (Insulation) & Region - Global Forecast to 2020
Browse 161 market data tables with 56 figures across 226 pages and in-depth TOC on “Argon Gas Market”.
The argon gas market is projected to register a CAGR of 4.92% from 2015 to 2020. Factors such as increasing demand for electronic products, growing need for convenience food, and increasing construction activities drive the argon gas market. However, high equipment cost acts as a restraint for the market. Growth of the chemical end-use industry in developing and under-developed regions provides an opportunity to the argon gas market to grow even further.
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The metal manufacturing & fabrication end-use industry segment is projected to grow at the highest CAGR of 5.61% 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.
Leading players in the argon gas market include Praxair Inc. (U.S.), Air Liquide S.A. (France), The Linde Group (Germany), Messer Group GmbH (Germany), Airgas Inc. (U.S.), Matheson Tri-Gas Inc. (U.S.), Air Products and Chemicals Inc. (U.S.), Advanced Specialty Gases Inc. (U.S.) and Iwatani Corporation (Japan).
The metal manufacturing & fabrication end-use industry segment is projected to grow at the highest CAGR of 5.61% 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.
The argon gas market is a highly fragmented one. Major companies rely on regional and local distributors to increase their share as well as geographical presence in the market. One of the major developments observed in the argon gas market is expansions & investments. Companies are adopting inorganic growth strategies such as acquisitions to cope with the increasing demand for argon gas in emerging markets. These strategies have aided companies to create a large customer and partner base in these markets.
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