Germany Argon Market Insights Forecasts to 2033

• The Market Size is Growing at a CAGR of 5.5% from 2023 to 2033.
• The Germany Argon Market Size Is Expected to Hold a Significant Share by 2033.

The Germany Argon Market Size is expected to Hold a Significant Share by 2033, at a CAGR of 5.5% during the forecast period 2023 to 2033.

Market Overview

Argon is the most prevalent gas in the atmosphere. It finds application in the production of reactive elements like titanium and is employed by welders to shield the weld area. Moreover, it is utilized in incandescent light bulbs to prevent filament corrosion by oxygen and is also present in fluorescent tubes and low-energy light bulbs. The latter often contains argon gas and mercury, and when activated by an electric discharge passing through the gas, it generates UV light, causing the coating on the bulb's inner surface to glow brightly. Germany is a major consumer of argon gas due to its strong industrial base, which includes automotive, electronics, and metal fabrication. According to the World Bank, Germany exported $38.8 million worth of argon in 2022, primarily to Italy, Poland, France, Slovenia, and Denmark. On the other hand, Germany imported $9.53 million in argon, mainly from Austria, Poland, Belgium, Netherlands, and France. Additionally, the increasing use of argon in automobiles, transportation equipment, stainless steel manufacturing plants, and fabricated metalworking units is expected to drive the growth of Germany argon market.

Report Coverage

This research report categorizes the market for the Germany argon based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Germany argon market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Germany argon market.

Driving Factors

The argon gas market in Germany is expected to grow due to several factors. Primarily Germany is known for its high-quality, precision production processes, which require superior-quality equipment and products. Argon is used in many applications, including electronics, stainless steel, and fabricated metalworking. The healthcare industry's increasing use of electrospray ionization mass spectrometry is expected to create new opportunities for the argon gas industry. The rising popularity of cryosurgery, a minimally invasive procedure that uses argon gas to eliminate cancer cells, is expected to drive the market. The rising demand for smartphones, laptops, televisions, and solar PV cells will continue to drive the growth of the market.

Restraining Factors

The argon is difficult to separate from oxygen due to its diffusive and adsorptive qualities. The development of nitrogen microwave inductively coupled atmospheric pressure plasma (MICAP), which is more affordable in comparison to argon consequently acts as a restrain for the Germany argon market.

Market Segmentation

The Germany argon market share is classified into form and end-use.

• The liquid argon gas segment is expected to hold the largest market share through the forecast period.

The Germany argon market is segmented by form into gas and liquid argon gas. Among these, liquid argon gas segment is expected to hold the largest market share through the forecast period. Liquid argon's higher density allows for more efficient storage and transportation at a lower cost per unit compared to gaseous argon. This characteristic is particularly beneficial for critical, large-scale operations in industries such as metal processing, electronics, and healthcare, where a continuous supply of argon is essential which is driving the liquid argon gas segment in Germany argon market.

• The manufacturing segment is expected to dominate the Germany argon market during the forecast period.       

Based on the end-use, the Germany argon market is divided into healthcare, food & beverages, electronics, manufacturing, and others. Among these, the manufacturing segment is expected to dominate the Germany argon market during the forecast period. The increased need for the product in the manufacturing and fabrication sector is the reason behind this. Due to its inert reactivity, it is highly sought after in the metal industry. It is commonly used as an inert gas to shield metals from oxidation during welding, and it is also employed in joining various nonferrous and ferrous alloys.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Germany argon market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Praxair
• AMCS Corporation
• Messer Group
• KBR Inc
• Air Liquide SA
• Linde PLC
• Basf SE
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In July 2024, Air Liquide invest approximately 100 million euros to supply Aurubis AG, a leading global provider of non-ferrous metals and one of the largest copper recyclers worldwide, in Bulgaria and in Germany. It will also produce argon for Industrial Merchant markets across Europe. The plant is planned to be operational in 2027.

Market Segment

This study forecasts revenue at Germany, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Germany Argon Market based on the below-mentioned segments:

Germany Argon Market, By Form

• Gas
• Liquid Argon Gas

Germany Argon Market, By End-Use

• Healthcare
• Food & Beverages
• Electronics
• Manufacturing
• Others