Argon Global Market Report 2026

Argon is a chemical element classified as a noble gas or inert gas. It is obtained on a large scale through the fractional distillation of liquid air and can be transformed into a colorless liquid by reducing the temperature to below -186 degrees. Argon is commonly employed when an inert atmosphere is required.

The primary states of argon are liquid and gas. In its liquid state, argon flows freely such as water. The versatile applications of argon include functions such as cooling, illumination, and creating illusions. End users in various sectors, including metal manufacturing and fabrication, chemicals, energy, healthcare, electronics, and food and beverage, utilize argon for these purposes.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are impacting the argon market by increasing costs associated with imported air separation equipment, cryogenic storage tanks, valves, and transportation infrastructure. Industrial hubs in North America and Europe are most affected due to reliance on imported capital equipment, while Asia-Pacific faces pricing pressure on export-oriented gas supply contracts. These tariffs are raising production and logistics costs for suppliers. However, they are also encouraging local air separation capacity expansion, regional gas production, and long-term supply agreements with domestic manufacturers.

The argon market research report is one of a series of new reports from The Business Research Company that provides argon market statistics, including argon industry global market size, regional shares, competitors with a argon market share, detailed argon market segments, market trends and opportunities, and any further data you may need to thrive in the argon industry. This argon market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The argon market size has grown rapidly in recent years. It will grow from $8.19 billion in 2025 to $9.12 billion in 2026 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to expansion of metal fabrication activities, growth in welding and cutting applications, increasing demand from electronics manufacturing, rising use in medical and laboratory environments, availability of large-scale air separation units.

The argon market size is expected to see rapid growth in the next few years. It will grow to $13.63 billion in 2030 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to increasing semiconductor manufacturing capacity, rising adoption of argon in energy-efficient industrial processes, expansion of healthcare infrastructure, growing demand for specialty gases in electronics, increasing investments in industrial gas distribution networks. Major trends in the forecast period include increasing use of argon in advanced manufacturing processes, rising demand for high-purity industrial gases, growing application in semiconductor and electronics fabrication, expansion of argon use in healthcare and laboratories, enhanced focus on controlled inert atmospheres.

The rising demand in the food and beverage industry is expected to drive the growth of the argon market. The food and beverage sector encompasses activities related to the production, processing, packaging, distribution, and retail of food and beverages. Argon gas is used in winemaking to protect wine during storage and in food packaging to replace air with specific gas mixtures, extending the shelf life of perishable products. For example, in April 2024, the National Association of Convenience Stores reported that in 2023, foodservice sales-including prepared foods, commissary items, and dispensed beverages-accounted for 26.9% of in-store sales, up from 25.6% in 2022. Additionally, sales of prepared foods per store per month increased by 12.2% compared to 2022. Therefore, the expanding food and beverage industry is boosting demand for argon.

Key companies in the argon market are focusing on advanced technologies that enhance safety, precision, and efficiency in inert gas applications for research and industrial use. For instance, in August 2025, Shimadzu Corporation, a Japan-based biotechnology company, launched the STABLO-AP-Ar, the world's first corona discharge-type ionizer designed to remove static charges in argon gas environments. This model incorporates a proprietary discharge control program to enable safe and effective ionization where conventional ionizers fail. It can be integrated with Shimadzu's analytical balances or used as a standalone unit. Developed for industries working with reactive materials such as battery components and semiconductors, the STABLO-AP-Ar provides a safer and more cost-effective alternative to radiation-based ionizers, highlighting Shimadzu's commitment to improving precision tools and efficiency in controlled environments.

In January 2023, Iwatani Corporation of America, a major player in industrial gases, including argon, acquired Aspen Air US LLC. This acquisition aims to expand Iwatani Corporation of America's presence in the industrial gases sector, offering new growth opportunities to customers. Aspen Air US LLC, based in the US, is a manufacturer of industrial gases, including argon.

Major companies operating in the argon market are Linde plc, Air Liquide S.A., Air Products and Chemicals, Inc., Messer Group GmbH, Taiyo Nippon Sanso Corporation, Air Water Inc., SOL Group, Gulf Cryo, INOX Air Products Ltd., Ellenbarrie Industrial Gases Ltd., Yingde Gases Group, Kaimeite Gases Co., Ltd., Buzwair Industrial Gases Factories, Matheson Gas Products, Showa Denko Gas Products, Iwatani Corporation, Praxair Inc., BOC Group, Nippon Gases, Air Separation Unit Corporation

Asia-Pacific was the largest region in the argon market in 2025. North America was the second-largest region in the global argon market. The regions covered in the argon market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the argon market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The argon market consists of the sales of argon used in refrigeration, cryosurgery, airbag inflation, fire extinguishing, and spectroscopy. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Argon Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses argon market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for argon ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The argon market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Liquid; Gas
• 2) By Function: By Function: Shielding Or Inerting; Welding and Metal Processing; Blanketing and Purging; Leak Detection and Tracing; Insulation
• 3) By End User: Metal Manufacturing and Fabrication; Electronics and Semiconductor Manufacturing; Chemical and Petrochemical Processing; Healthcare and Laboratories; Research and Academic Institutions
• Subsegments:
• 1) By Liquid: Industrial Liquid Argon; Research and Laboratory Liquid Argon
• 2) By Gas: Industrial Gas Argon; Electronics Gas Argon
• Companies Mentioned: Linde plc; Air Liquide S.A.; Air Products and Chemicals, Inc.; Messer Group GmbH; Taiyo Nippon Sanso Corporation; Air Water Inc.; SOL Group; Gulf Cryo; INOX Air Products Ltd.; Ellenbarrie Industrial Gases Ltd.; Yingde Gases Group; Kaimeite Gases Co., Ltd.; Buzwair Industrial Gases Factories; Matheson Gas Products; Showa Denko Gas Products; Iwatani Corporation; Praxair Inc.; BOC Group; Nippon Gases; Air Separation Unit Corporation
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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