Lucintel's latest market report analyzed that argon gas provides attractive opportunities in the chemical, electronic, metal manufacturing and fabrication, power and energy, pharmaceutical, and food & beverage applications. The argon gas market is expected to reach $546.5million by 2028 with a CAGR of 4.9%. In this market, insulation is the largest segment by function, whereas metal manufacturing and fabrication is largest by application.
Based on function, the argon gas market is segmented into insulation, illuminations, and cooling. The insulation segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the significant use of argon in gas-insulated glass units owing to its affordability, dependability, and energy efficiency.
Browse in-depth TOC on “Argon Gas Market”
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The Argon Gas Market is marked by the presence of several big and small players. Some of the prominent players offering argon gas include Praxair, Air Liquide, The Linde Group, Messer Group, and Airgas.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
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