DUBLIN--(BUSINESS WIRE)--May 21, 2020--

Key Insights from the Global Argon Market

  • The Global Argon market is valued at $330 million in 2020.
  • Semiconductors and Electronics remain the dominant type of Argon.
  • Packaged Argon is the most preferred delivery mode.
  • Asia-Pacific is the largest user of Argon.

The $330 million Argon industry presents strong investment and growth opportunities over the near to long term outlook period. The 2020 edition of the market report presents a comprehensive analysis of the global Argon market from 2020 to 2028. This market research report presents detailed Argon market analysis, and forecasts to 2028. Detailed insights into global and regional Argon market statistics, Argon companies and growth prospects across verticals are included.

Argon Market Overview and Developments in 2020

The report presents a snapshot of recent market trends in the Argon industry. Further, potential market drivers, major challenges, opportunities, major developments, competitive strategies, Porter's five forces analysis, and other analysis are included in the research.

Impact of COVID-19 on Global Argon Market Revenue

The worldwide crisis of COVID-19 is leading to calls for action from a wide range of stakeholders including manufacturers, vendors, distributors, and consumers. Decline in business for at least three months during 2020 coupled with lower demand from a few major markets has put pressure on the profitability of Argon manufacturers and vendors. However, we expect the negative impact of COVID-19 on Argon to be compensated over the medium to long term future.

Argon Market Size and Outlook by Application to 2028

This chapter presents an insight into different Argon types and their contribution to global market growth. The growth in global Argon market size is forecast to continue despite the economic challenges. The report forecasts the Argon market revenue across different applications, which include - Metal manufacturing and fabrication, Semiconductors and Electronics, Imaging and Others, Food and Beverages, Chemicals. Of these, Electronics dominates the global Argon market.

Argon Market Size and Outlook by Delivery to 2028

A long-term perspective indicates that packaged Argon dominates the Argon market. The industry is classified into different delivery types including Packaged Delivery mode, Merchant, Tonnage.

Global Argon Company Profiles

The report presents business profiles of major companies operating in the industry including Air Liquide, Praxair, Linde, Messer Group, BASF.

The business overview, SWOT profile and product information are provided for all the companies.

The report identifies that the development of new applications and product portfolio is one of the key strategies to overcome identified challenges and for supporting continued growth. Manufacturing companies can also benefit from rising domestic demand in chemical end-use sectors. The majority of the companies are realigning their strategies to orient their business operations to changing market volatility, regulatory policy changes, geopolitical issues, changing end-user preferences, and others.

Scope of the Research

  • Global and regional Argon Market Size estimates in revenue terms from 2019 to 2028.
  • Segmentation analysis across types, applications, and geographies.
  • Strategic analysis through trends, drivers, challenges, opportunities, Porter's five forces analysis.
  • Market Developments including M&A, new product development, and competitive analysis.
  • Potential strategies of leading companies.

For more information about this report visit https://www.researchandmarkets.com/r/eagnu3

Laura Wood, Senior Press Manager

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SOURCE: Research and Markets

Copyright Business Wire 2020.

PUB: 05/21/2020 08:23 AM/DISC: 05/21/2020 08:23 AM

Copyright Business Wire 2020.