Global Gas & Liquid Argon Market to reach USD 489.9 million by 2025.
Global Gas & Liquid Argon Market valued approximately USD 326.57 million in 2017 is anticipated to grow with a healthy growth rate of more than 5.20% over the forecast period 2018-2025. The Gas & Liquid Argon Market is continuously growing across the world over the coming years. Gas & liquid argon is used as protective medium at welding, cutting, melting, of active and rare metals and metal alloys. It is produced by low-temperature rectification of tail gases obtained from ammonia production. Increasing industrialization and urbanization and growth in infrastructural activities are the substantial drivers of the market across the globe. Further, increasing demand in various applications such as metal fabrication, electronics, energy, automotive, lighting, and healthcare is the major factor driving the growth of the argon gas industry. Moreover, rapid advancements in technology is likely to creating lucrative opportunity in the near future. However, high cost associated with Gas & Liquid Argon and inhalation of argon gases causes asphyxiation are the factors which limiting the market growth of Gas & Liquid Argon across the world.
The regional analysis of Global Gas & Liquid Argon Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to rapid development in liquid & gas argon industries in the region. Europe is estimated to grow at higher rate in the global Gas & Liquid Argon market over the upcoming years. Asia-Pacific is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 due to rising increasing urbanization in emerging nations such as India and China.
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The major market player included in this report are:
● Praxair
● Linde
● SABIC
● Middlesex Gases
● AMCS
● Ingasco
● SASOL
● Fangda
● Euro chem
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 Type:
● Welding & Metal Fabrication
● Metal Production
● Automotive and Transportation Equipment
● Aerospace & Aircraft
● Construction
● Laboratory
● Others
By Application:
● Liquid Argon
● Argon Gas
By Regions:
● North America
● U.S.
● Canada
● Europe
● UK
● Germany
● Asia Pacific
● China
● India
● Japan
● Latin America
● Brazil
● Mexico
● Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
Target Audience of the Global Gas & Liquid Argon 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
Customizations available
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