Global Argon Market Size & Outlook
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)
$16,082.9
CAGR, 2023 - 2030
7%
Report Coverage
Worldwide
Global argon market, 2018-2030 (US$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 segmentation & scope
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
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 statistics, by region, 2018-2030 (US$M)
Top 10 countries: Argon market size, 2022 (USD Million)
Top 10 countries: Argon market size, 2022 (USD Million)
Global argon market, by region, 2022 (US$M)
Related regional statistics
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