Middle East & Africa Argon Market Size & Outlook
Related Markets
MEA argon market highlights
- The MEA argon market generated a revenue of USD 941.5 million in 2022.
- The market is expected to grow at a CAGR of 7.1% from 2023 to 2030.
- In terms of segment, manufacturing was the largest revenue generating application in 2022.
- Healthcare is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Nigeria is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 941.5 million |
| Market revenue in 2030 | USD 1,625.7 million |
| Growth rate | 7.1% (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 |
| Key market players worldwide | Linde PLC, Basf SE, Air Liquide SA, KBR Inc, Messer Group, AMCS Corporation, Praxair |
Other key industry trends
- In terms of revenue, MEA region accounted for 10.0% of the global argon market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 3,290.6 million by 2030.
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Argon Market Scope
Argon Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Praxair | View profile | 10001+ | Danbury, Connecticut, United States, North America | http://www.praxair.com |
| AMCS Corporation | View profile | 11-50 | Bedminster, New Jersey, United States, North America | http://www.amcscorp.com/ |
| Messer Group | View profile | 10001+ | Bad Soden, Hessen, Germany, Europe | https://www.messergroup.com |
| KBR Inc | View profile | 34000 | 601 Jefferson Street, Suite 3400, Houston, TX, United States, 77002 | https://www.kbr.com |
| Air Liquide SA | View profile | 67800 | 75, Quai d'Orsay, Paris, France, 75007 | https://www.airliquide.com |
| Linde PLC | View profile | 66195 | 10 Riverview Drive, Danbury, CT, United States, 06810 | https://www.linde.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
Middle East & Africa 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 35.61% in 2022. Horizon Databook has segmented the Middle East & Africa argon market based on food & beverages, electronics, healthcare, manufacturing covering the revenue growth of each sub-segment from 2018 to 2030.
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
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Our clientele includes a mix of argon market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa argon market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa argon market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA argon market size, by country, 2018-2030 (US$M)
Middle East & Africa Argon Market Outlook Share, 2022 & 2030 (US$M)
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