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Global Argon Gas Market

The argon gas market was valued at USD 273.7 Million in 2014, and is projected to grow at a CAGR of 4.92% from 2015 to 2020. The merchant liquid/bulk segment is the fastest-growing, by storage, distribution & transportation in the argon gas market. The Asia-Pacific market is projected to grow at the highest rate. In terms of end-use industry, the metal manufacturing & fabrication sector is the fastest-growing segment, followed by the chemicals sector.

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Global Argon Gas Market

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  1. Global Argon Gas Market Size is projected to reach USD 362.9 Million by 2027, growing at a CAGR of 4.92% The argon gas market was valued at USD 273.7 Million in 2014, and is projected to grow at a CAGR of 4.92% from 2015 to 2020. The merchant liquid/bulk segment is the fastest-growing, by storage, distribution & transportation in the argon gas market. The Asia-Pacific market is projected to grow at the highest rate. In terms of end-use industry, the metal manufacturing & fabrication sector is the fastest-growing segment, followed by the chemicals sector. https://www.marketsandmarkets.com/Market-Reports/argon-gas-market-99838454.html Early buyers will receive 10% customization on reports. The report is segmented on the basis of end-use industry; storage, distribution & transportation; mixture; function; and region. On the basis of end-use industry, the market is segmented into metal manufacturing & fabrication, chemicals, energy, healthcare, electronics, food & beverage, and others. The metal manufacturing & fabrication segment is projected to witness the highest growth based on end-use industry from 2015 to 2020. The storage, distribution & transportation of argon gas include cylinder & packaged gas, merchant liquid/bulk, and tonnage. The cylinder & packaged gas segment accounted for the largest share of the total argon gas market in 2014. The argon gas market is projected to register a CAGR of 4.92% from 2015 to 2020. Factors such as increasing demand for electronic products, growing need for convenience food, and increasing construction activities drive the argon gas market. However, high equipment cost acts as a restraint for the market. Growth of the chemical end-use industry in developing and under-developed regions provides an opportunity to the argon gas market to grow even further. Leading players in the argon gas market include Praxair Inc. (U.S.), Air Liquide S.A. (France), The Linde Group (Germany), Messer Group GmbH (Germany), Airgas Inc. (U.S.), Matheson Tri-Gas Inc. (U.S.), Air Products and Chemicals Inc. (U.S.), Advanced Specialty Gases Inc. (U.S.) and Iwatani Corporation (Japan). The main strategies adopted by these companies are expansions and investments. The requirements of manufacturers to adhere to the standards set by governments for argon gas make it essential for them to continually invest in research & development activities for innovative solutions. Companies are adopting inorganic growth strategies such as acquisitions to cope with the increasing demand for argon gas in key emerging markets. These strategies have helped companies to create a large customer and partner base in key markets. About MarketsandMarkets MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year,

  2. M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact: Mr. Rohan Markets and Markets UNIT no 802, Tower no. 7, SEZ Magarpatta city, Hadapsar Pune, Maharashtra 411013, India 1-888-600-6441 Email: sales@marketsandmarkets.com

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