Global Argon Market Size & Outlook, 2022-2030

The argon industry worldwide is expected to reach a projected revenue of US$ 16,082.9 million by 2030. A compound annual growth rate of 7% is expected of the worldwide argon industry from 2023 to 2030.
Revenue, 2022 (US$M)
$9,389.1
Forecast, 2030 (US$M)
$16,082.9
CAGR, 2023 - 2030
7%
Report Coverage
Worldwide

Global argon market highlights

  • The global argon market generated a revenue of USD 9,389.1 million in 2022 and is expected to reach USD 16,082.9 million by 2030.
  • The market is expected to grow at a CAGR (2023 - 2030) of 7% by 2030.
  • In terms of segment, manufacturing accounted for a revenue of USD 3,355.7 million in 2022.
  • Healthcare is the most lucrative application segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2022.
  • Country-wise, France is expected to register the highest CAGR from 2023 to 2030.

Global data book summary

Market revenue in 2022USD 9,389.1 million
Market revenue in 2030USD 16,082.9 million
Growth rate7% (CAGR from 2022 to 2030)
Largest segmentManufacturing
Fastest growing segmentHealthcare
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationFood & Beverages, Electronics, Healthcare, Manufacturing

Other key industry trends

  • In terms of revenue, the North America accounted for 19.7% of the global argon market in 2022.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, France is the fastest growing regional market and is projected to reach USD 540.1 million by 2030.

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Argon Market Scope

Argon market segmentation & scope

Argon Market Companies

Name Profile # Employees HQ Website

Global argon market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to argon market will help companies and investors design strategic landscapes.


Manufacturing was the largest segment with a revenue share of 35.74% in 2022. Horizon Databook has segmented the Global argon market based on food & beverages, electronics, healthcare, manufacturing covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Argon Application Outlook (Revenue, USD Million, 2018-2030)
    • Food & Beverages
    • Chemicals
    • Pharmaceuticals
    • Electronics
    • Oil Refining
    • Ammonia
    • Transportation
    • Oil & Gas
    • Medical
    • Fire Suppressant
    • Metals & Mining
    • Water Treatment
    • Healthcare
    • Manufacturing
    • Metal working
    • Lamps
    • Others
    • Methanol
    • Steel

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Horizon Databook provides a detailed overview of global-level data and insights on the Global argon market , including forecasts for subscribers. This global databook contains high-level insights into Global argon market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global argon market size, by region, 2018-2030 (US$M)

Top 10 countries: Argon market size, 2022 (US$M)

Global argon market share, by application, 2022 & 2030 (%, US$M)

Argon market: Opportunity assessment by country

Global argon market, by region, 2022 (US$M)

Global argon market size, by region, 2018-2030 (US$M)

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