Global Argon Market Size & Outlook, 2022-2030
Global argon market, 2018-2030 (US$M)
Related Markets
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 2022 | USD 9,389.1 million |
| Market revenue in 2030 | USD 16,082.9 million |
| Growth rate | 7% (CAGR from 2022 to 2030) |
| Largest segment | Manufacturing |
| Fastest growing segment | Healthcare |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Food & 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 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)
| Application | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 961.6 | 1,118.6 | 1,051.3 | 1,174.1 | 1,417.9 | 1,490.6 | 1,571.5 | 1,661.5 | 1,761.7 | 1,873.5 | 1,998.5 | 2,138.6 | 2,299.5 | 5.0% |
| Europe | 1,498.5 | 1,748.1 | 1,647.5 | 1,845.3 | 2,235.0 | 2,356.6 | 2,492.0 | 2,642.6 | 2,810.6 | 2,998.1 | 3,208.1 | 3,443.8 | 3,714.8 | 5.3% |
| North America | 1,195.2 | 1,406.6 | 1,337.4 | 1,511.2 | 1,846.4 | 1,964.0 | 2,095.1 | 2,241.2 | 2,404.5 | 2,587.4 | 2,792.8 | 3,024.2 | 3,290.6 | 6.1% |
| MEA | 619.5 | 726.1 | 687.5 | 773.7 | 941.5 | 997.4 | 1,059.7 | 1,129.1 | 1,206.6 | 1,293.3 | 1,390.5 | 1,499.9 | 1,625.7 | 5.7% |
| Asia Pacific | 1,928.2 | 2,263.4 | 2,146.4 | 2,419.2 | 2,948.3 | 3,128.2 | 3,328.6 | 3,552.0 | 3,801.4 | 4,080.6 | 4,393.9 | 4,746.5 | 5,152.3 | 5.8% |
| Overall | 6,203.0 | 7,262.8 | 6,870.1 | 7,723.4 | 9,389.1 | 9,936.8 | 10,546.8 | 11,226.5 | 11,984.8 | 12,833.0 | 13,783.8 | 14,853.0 | 16,082.9 | 7.0% |
Related regional statistics
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