Argon Gas Industry Size, Share, Demand & Growth by 2034
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.
Along with this, it has the potential of a neuroprotective agent in the treatment of brain
injuries such as in vitro oxygen-glucose deprivation (OGD) and traumatic brain injury (TBI).
The increasing use of argon gas in electrospray ionization mass spectrometry is anticipated to
create opportunities for growth in the market over the forecast period.
In addition to this, the consumption of argon gas in the metal fabrication industry and
electronics sector is rising rapidly. In the metal fabrication industry, argon gas is used to
create an optimized atmosphere and it’s used as a shielding agent because it does not react
with other components in the air.
It creates a nitrogen and oxygen-free environment for the annealing and rolling process. The
size and density of the argon molecule make it an ideal element for welding.
New product developments, technological upgrades, and rapid urbanization across various
countries will spur demand for argon gas for metal fabrication in the construction sector.
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Moreover, surging demand from the electronics sector will augment the growth in the market
over the forecast period. It is used as a carrier gas for semiconductor manufacturing
processes.
Argon gas prevents reactions and protects the silicon crystal that is formed on the wafer.
Rising demand for smartphones, laptops, televisions, solar PV cells, and other electronic
products will continue driving sales in the market.
Despite of wide applications of argon gas, its separation is difficult owing to its diffusive and
adsorptive properties. Companies are adopting cost-effective, reliable, and operationally
flexible solutions for the production of argon gas.
“Growing adoption of argon gas in the healthcare and lighting sectors, along with
technological advancements in the production and supply of rare gases across the globe will
create prospects for growth in the market,” says an FMI analyst.
Key Takeaways:

In terms of applications, sales of argon gas in the lighting segment are projected to
increase at a 4.4% CAGR over the forecast period.

The USA will continue dominating the North America argon gas market, with sales
growing at a 4.3% CAGR through 2032.

Germany will account for a lion’s share in the Europe argon gas market, with total
demand reaching a valuation of US$ 16.8 Milllion by 2032.
Competitive Landscape

Air Products

Airgas

Air Liquide

Messer

American Gas Products

Linde

Praxair Technology, Inc.

SOS gases Inc

Specgas Inc.

Mil-Spec Industries

Toll Gas Inc

Nova Gas Technologies Inc., and

Boc Gases Ireland Inc.
These are some of the key manufacturers of argon gas profiled by FMI.
About the Chemicals and Materials Division at Future Market Insights (FMI)
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