Middle East & Africa Argon Market Size & Outlook

The argon market in Middle East & Africa is expected to reach a projected revenue of US$ 1,625.7 million by 2030. A compound annual growth rate of 7.1% is expected of Middle East & Africa argon market from 2023 to 2030.
Revenue, 2022 (US$M)
$941.5
Forecast, 2030 (US$M)
$1,625.7
CAGR, 2023 - 2030
7.1%
Report Coverage
Middle East & Africa

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 2022USD 941.5 million
Market revenue in 2030USD 1,625.7 million
Growth rate7.1% (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
Key market players worldwideLinde 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 segmentation & scope

Argon Market Companies

Name Profile # Employees HQ Website

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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  • Our clientele includes a mix of argon market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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)

MEA argon market size, by country, 2018-2030 (US$M)

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