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Argon Gas: Europe and Global Âé¶¹Ô­´´ Outlook

Argon Gas-Europe and Global Âé¶¹Ô­´´ Outlook

The argon gas industry plays a significant role in various sectors, including manufacturing, healthcare, electronics, and research. Argon is an inert, colorless, and odorless gas that is commonly used due to its unique properties. Here's some information about the argon gas industry:

Production: Argon is produced through cryogenic air separation, which involves the fractional distillation of liquid air. Air is cooled and liquefied, and then the different air components, including argon, nitrogen, oxygen, and other gases, are separated based on their boiling points. Argon typically constitutes around 0.93% of the Earth's atmosphere.

Applications:

  1. Welding: Argon is commonly used as a shielding gas in various welding processes, such as gas tungsten arc welding (GTAW) and gas metal arc welding (GMAW). It helps create an inert atmosphere, preventing oxidation and ensuring high-quality welds.

  2. Electronics: Argon is used to manufacture semiconductors, which serves as a carrier gas during the production of silicon wafers and other electronic components. It provides a controlled environment and prevents contamination.

  3. Lighting: Argon is utilized in various types of lighting, including fluorescent lamps, high-intensity discharge (HID) lamps, and neon signs. When combined with other gases or used alone, argon helps create the desired illumination and color.

  4. Research and analysis: Argon is crucial in scientific research and analytical applications. Mass spectrometry often uses it as a carrier gas chromatography and background gas. Argon is also used in ionization detectors' operation and as a cooling medium in cryogenic applications.

  5. Medical applications: Argon finds applications in the medical field, particularly in laser surgery and cryotherapy. In laser surgery, argon lasers are used for precision cutting and cauterization. Cryotherapy involves extremely cold temperatures, and argon is sometimes employed as a cooling agent.

Trade Scenario in Europe: Top 5 EU and Non-EU Trade Partners

Trade Scenario of Argon Gas in Europe : 2022Ìý
Non- EU CountriesÌýEU Countries
CountryÌýImport value 2022ÌýExport value 2022ÌýCountryÌýImport value 2022ÌýExport value 2022Ìý
Turkey67,24,815 €7,99,351 €Germany3,48,52,973 €88,36,057 €
United Kingdom65,89,707 €1,02,47,363 €Belgium1,59,66,970 €45,00,257 €
Serbia58,22,785 €7,05,988 €Netherlands88,79,212 €76,87,201 €
Belarus21,79,374 €21,737 €Czech Republic82,40,373 €20,67,059 €
Russia21,17,389 €28,830 €Austria75,75,548 €26,01,938 €
Source: Eurostat, Âé¶¹Ô­´´ResearchReports.com

Global Âé¶¹Ô­´´ and Suppliers:

Argon Gas market size was valued at USD 290.4 million in 2022 and is forecast to a readjusted size of USD 349.5 million by 2029 with a CAGR of 2.7% during the review period.

Argon Gas Âé¶¹Ô­´´ Size, Competition, and Demand Analysis Report #Insights

Argon Gas Âé¶¹Ô­´´ Research Report

The merchant liquid/bulk segment is the fastest-growing, by storage, distribution & transportation in the argon gas market.
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The global argon gas market is influenced by various factors such as industrial growth, manufacturing activities, and research and development investments. Significant argon gas suppliers include Air Liquide, Linde Group, Praxair, Air Products and Chemicals, Inc., and Matheson Tri-Gas. These companies produce and distribute argon gas to customers worldwide.

Safety considerations: While argon is generally considered a safe gas, it displaces oxygen and can cause asphyxiation in confined spaces. Proper safety measures, such as adequate ventilation and monitoring oxygen levels, should be taken when handling and storing argon gas.

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