DUBLIN--(BUSINESS WIRE)--The "Argon Gas - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Argon Gas Market to Reach $423.4 Million by 2027

Amid the COVID-19 crisis, the global market for Argon Gas estimated at US$334.6 Million in the year 2020, is projected to reach a revised size of US$423.4 Million by 2027, growing at a CAGR of 3.4% over the analysis period 2020-2027.

Metal Manufacturing & Fabrication, one of the segments analyzed in the report, is projected to record a 4.2% CAGR and reach US$176.5 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Chemicals segment is readjusted to a revised 2.8% CAGR for the next 7-year period.

The U. S. Market is Estimated at $90.3 Million, While China is Forecast to Grow at 6.3% CAGR

The Argon Gas market in the U. S. is estimated at US$90.3 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$89 Million by the year 2027 trailing a CAGR of 6.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.9% and 2.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR.

Energy Segment to Record 2.9% CAGR

In the global Energy segment, USA, Canada, Japan, China and Europe will drive the 2.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$30 Million in the year 2020 will reach a projected size of US$35.6 Million by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$59.1 Million by the year 2027, while Latin America will expand at a 3.8% CAGR through the analysis period.

The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

• Advanced Specialty Gases
• Air Liquide SA
• Air Products And Chemicals, Inc.
• Airgas, Inc.
• Iwatani Corporation
• Linde AG
• Matheson Tri-Gas, Inc.
• Messer Group GmbH
• Praxair, Inc.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Global Competitor Market Shares
• Argon Gas Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

• Argon Gas Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
• Argon Gas Global Retrospective Market Scenario in US$ Thousand by Region/Country: 2012-2019
• Argon Gas Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
• Metal Manufacturing & Fabrication (End-Use) Global Opportunity Assessment in US$ Thousand by Region/Country: 2020-2027
• Metal Manufacturing & Fabrication (End-Use) Historic Sales Analysis in US$ Thousand by Region/Country: 2012-2019
• Metal Manufacturing & Fabrication (End-Use) Percentage Share Breakdown of Global Sales by Region/Country: 2012 VS 2020 VS 2027
• Chemicals (End-Use) Worldwide Sales in US$ Thousand by Region/Country: 2020-2027
• Chemicals (End-Use) Historic Demand Patterns in US$ Thousand by Region/Country: 2012-2019
• Chemicals (End-Use) Market Share Shift across Key Geographies: 2012 VS 2020 VS 2027
• Energy (End-Use) Global Market Estimates & Forecasts in US$ Thousand by Region/Country: 2020-2027
• Energy (End-Use) Retrospective Demand Analysis in US$ Thousand by Region/Country: 2012-2019
• Energy (End-Use) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
• Healthcare (End-Use) Demand Potential Worldwide in US$ Thousand by Region/Country: 2020-2027
• Healthcare (End-Use) Historic Sales Analysis in US$ Thousand by Region/Country: 2012-2019
• Healthcare (End-Use) Share Breakdown Review by Region/Country: 2012 VS 2020 VS 2027
• Electronics (End-Use) Worldwide Latent Demand Forecasts in US$ Thousand by Region/Country: 2020-2027
• Electronics (End-Use) Global Historic Analysis in US$ Thousand by Region/Country: 2012-2019
• Electronics (End-Use) Distribution of Global Sales by Region/Country: 2012 VS 2020 VS 2027
• Other End-Uses (End-Use) Sales Estimates and Forecasts in US$ Thousand by Region/Country for the Years 2020 through 2027
• Other End-Uses (End-Use) Analysis of Historic Sales in US$ Thousand by Region/Country for the Years 2012 to 2019
• Other End-Uses (End-Use) Global Market Share Distribution by Region/Country for 2012, 2020, and 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

• Market Facts & Figures
• Argon Gas Market Share (in %) by Company: 2019 & 2025
• Market Analytics
• Argon Gas Latent Demand Forecasts in US$ Thousand by End-Use: 2020 to 2027
• Argon Gas Historic Demand Patterns by End-Use in US$ Thousand for 2012-2019
• Argon Gas Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027

IV. COMPETITION

• Total Companies Profiled: 38

For more information about this report visit https://www.researchandmarkets.com/r/84ojrz.

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

[email protected]

For E.S.T. Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900