Argon Gas Market Size, Share, Industry, Forecast and outlook (2023-2030)

The argon gas market is expected to grow at a steady CAGR of 3.7% from 2023 to 2030, driven by increasing demand from metal fabrication, healthcare, and electronics industries.

Argon gas has diverse applications, including shielding gas for arc welding, carrier gas for chromatography, fill gas for specialized lamps, and in medical procedures like argon plasma coagulation.

North America currently dominates the global argon gas market, with the US being a major importer and Canada a leading exporter. However, Asia Pacific is expected to be the fastest-growing region due to its booming industrial sector.

The market is quite competitive, with a mix of local and global players. Some key industry players include AMCS Corporation, Praxair Inc., Linde PLC, Messer Group GmbH, and Air Liquide S.A. These companies are actively pursuing strategies like expansions, acquisitions, and collaborations to maintain their market share.