Gas And Liquid Argon Market
Report ID: SQMIG15B2170
Report ID: SQMIG15B2170
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Report ID:
SQMIG15B2170 |
Region:
Global |
Published Date: December, 2025
Pages:
181
|Tables:
121
|Figures:
72
Global Gas And Liquid Argon Market size was valued at USD 5.8 billion in 2024 and is poised to grow from USD 6.12 billion in 2025 to USD 9.39 billion by 2033, growing at a CAGR of 5.5% during the forecast period (2026-2033).
Gas and liquid argon market growth is mainly driven by the increasing use of argon in steelmaking, welding, and semiconductor manufacturing and growing medical applications in the healthcare sector, specifically in cryosurgery and medical imaging. Furthermore, industries in electronics are continuing to increasingly use high-purity argon in semiconductor fabrication and flat-panel displays, driving demand across all global markets.
Nonetheless, the market will not be without restraints which will limit long-term growth potential. High costs of air separation and liquefaction processes, as well as the need for advanced infrastructure distribution networks create major challenges to market growth. Additionally, rising energy prices will influence overall production costs and lead to price volatility. Despite the challenges, the market will benefit from regional expansion, strategic partnerships, and investments in sustainable gas production technology, generating promising growth potential for years to come.
How are Artificial Intelligence (AI) and the Internet of Things (IoT) transforming the Global Gas and Liquid Argon Market?
AI & IOT are changing the way how gas & liquid argon product world works with smarter manufacturing, tracking, as well as distribution. AI predictive analysis fine tunes air separation process for energy conservation and reduces production cost. Meanwhile with IoT sensors fitted into gas storage and in transportation equipment, you can continuously track the purity of the gas, pressure of the gas, volume capacity of the tank. We utilize these advancements to sustain industries such as healthcare, metallurgy, and electronics. These innovations are improving operational efficiency and driving market competitiveness.
In June 2025, Linde plc reported that it implemented artificial intelligence-based monitoring systems in its industrial gas facilities for efficient argon recovery and minimizing of energy consumption. This further demonstrates the progress being made with the latest in digital technologies to optimise gas separation and delivery. With the power of AI algorithms and IoT predictive maintenance, Linde is looking to enhance plant uptime, reduce operational costs and achieve greater product consistency, thus leading the way for technology-driven sustainable growth in the gas and liquid argon market.
Market snapshot - 2026-2033
Global Market Size
USD 5.12 billion
Largest Segment
Gas
Fastest Growth
Liquid
Growth Rate
4.9% CAGR
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Global Gas And Liquid Argon Market is segmented by Product Type, Mixture Type, Application, Distribution Channel, End-User and region. Based on Product Type, the market is segmented into Industrial Grade, High Purity Grade and Ultra-high Purity Grade. Based on Mixture Type, the market is segmented into Ar-CO2, Ar-O2, Ar-He, Ar-H2 and Others. Based on Application, the market is segmented into Metal Manufacturing & Fabrication, Electronics, Healthcare, Chemicals, Energy and Others. Based on Distribution Channel, the market is segmented into Direct Sales and Distributors. Based on End-User, the market is segmented into Manufacturing, Electronics, Healthcare, Chemicals, Energy and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Which Type Segment Holds the Dominating Share in the Global Gas and Liquid Argon Market?
Based on the global gas and liquid argon market forecast, gas has the largest application in the global market as it is highly utilized in welding, metal working, and electronics manufacturing. The extensive use of gas argon in shielding applications for arc welding, as well as its usage as a protective atmosphere in steel making has supported market growth. Furthermore, the electronics industry is now demanding more higher purity gaseous argon in semiconductor fabrication and flat panel display making, which is further fueling growth.
Among the same type segment, liquid argon is the fastest-growing segment due to its presence in healthcare and food and beverage applications. Advances in technology are rapidly applying cryosurgery, medical imaging, and cryotherapy for liquid argon, which is gaining presence in the healthcare sector. As the food sector increasingly turns to liquid argon as a means of packaging and preservation for perishables, demand is rapidly increasing, further growing this segment.
Which End User Segment Has the Dominating Share in the Global Gas and Liquid Argon Market?
Welding and metal fabrication are the largest end-user segment because argon is the primary shielding gas used in arc welding, and it is also used for creating an inert environment when producing stainless steels and aluminum. The segment is positively affected by rapid infrastructure advancements and increasing automotive manufacturing. The demand for argon is driven by its reliability, gas purity, and overall efficiency, creating high quality finishes metals with lower oxidation during fabrication.
The healthcare industry is the fastest-growing end-user segment, driven by increasing usages of argon in cryosurgery, laser surgeries, and advancements in imaging systems. The segment benefits from increased investments in medical infrastructure, and ongoing growing demand for minimally invasive procedures. Healthcare is also a growing end-user segment of liquid argon because of its uses in cryopreservation of biological samples, as well as being administered as gaseous therapy. Healthcare will continue to grow as a segment as new discoveries continually emerge and as expenditures in health care grow globally.
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Which Region is Dominating the Global Gas and Liquid Argon Market?
As per the global gas and liquid argon market analysis, Asia-Pacific is the dominating region in the market, due to large-scale production of steel and increasingly expanding automotive manufacturing and electronics manufacturing bases. The Asia-Pacific region benefits from the semiconductor industries within Japan and South Korea, and applications in healthcare and industrial purposes. With increasing investment in industrial gas infrastructures and regular acceptance of technology upgrades to process equipment, Asia-Pacific remains a leading region in gas and liquid argon consumptions.
Japan Gas and Liquid Argon Market
Demand for argon in Japan rests largely in the electronics and semiconductor industries where ultra-high-purity gases are most important. Growth in the sophisticated chip manufacturing facilities, and expansions of such facilities continue to drive argon consumption and demand across high-tech sectors. Indeed, leading gas producers/providers have recently increased their capacity across Japan to deliver a steady supply of argon for industrial and medical purposes, which highlights Japan's position as one of the world's highest consumers of gaseous argon and liquid argon.
South Korea Gas and Liquid Argon Market
Due to its dominance in creating semiconductors and display panels, South Korea is now regarded as a key gas and liquid argon market. There has been a consistent rise in local materials companies forming partnerships with global technology companies, which will result in increased argon consumption as enhanced fabrication occurs. The recent announcement from large electronics manufacturers on expanding gas supply agreements reinforces a strong argon distribution system that will support South Korea’s advanced technology ecosystem considering the industrial demand exists.
Which Region is the Fastest Growing in the Global Gas and Liquid Argon Market?
North America is the fastest-growing region due to advanced healthcare applications, strong industrial manufacturing and the emerging semiconductor projects. The increasing use of argon for cryogenic treatments and welding and in precision electronics has increased demand for argon products in The United States and Canada. Investments into air separation facilities and building distribution infrastructure will also provide a conducive growth environment. North America has a strong focus on R&D and increasing industrial use will make it a significant factor of growth in the global gas and liquid argon market.
United States Gas and Liquid Argon Market
The U.S. has adopted argon very quickly in the healthcare field, specifically in cryogenic surgeries and medical imaging systems. Growth is driven by electronics manufacturing and growing requirements for purity. Recent announcements for expansions to air separation plants will further enhance supply of high purity argon to industry and grow their supply chain focus. This is an example of the U.S. strategic venture into holding supply chains for critical gases while enhancing innovation across various sectors.
Canada Gas and Liquid Argon Market
Canada’s gas and liquid argon market is steadily growing due to both industrial fabrications, as well as automotive manufacturing, and energy projects. The adoption of argon continues to increase for welding and advanced materials production, emphasizing argon’s role in a number of industrial sectors. Recently developed distribution infrastructure has enhanced accessibility of argon for industrial and healthcare user, bolstering the country as an emerging market of high-quality industrial gases in the North American market.
What is the third largest region in the Global Market for Argon in Gas and Liquid form?
Europe plays a significant role in the global gas and liquid argon market, with demand supported by automotive, industrial manufacturing, and healthcare end-use segments. Europe also benefits from advanced fabrication technologies in Germany, medical innovation in France, and increased electronics in the UK. Networks of distribution are expanding into new areas and sustainable production of gases are actively pursued; therefore Europe continues to retain a strong share of the global value chain of non-liquefied argon.
Germany Gas and Liquid Argon Market
With its industrial economy and related position in automotive production and manufacturing, Germany is a large end-user of argon for welding and fabrication. Precise engineering and advanced manufacturing processes are heavily reliant on inert gases for quality and efficiency. The automotive and machinery industries continue to advance, resulting in increased use in the high-purified argon category, making Germany a pivotal province in determining the demand for argon in Europe.
France Gas and Liquid Argon Market
The use of argon in France is on the rise, especially in the healthcare industry. Cryosurgery, medical imaging, and laboratory research all utilize argon. The development of industrial gas infrastructure in France will continue to rise to meet increasing needs from French manufacturing. The expansion of hospitals and scientific research will contribute to a higher use of liquid argon in France. France has a relatively balanced demand volume from both medical and industrial argon use, and this is contributing to their growth as a market within Europe.
United Kingdom Gas and Liquid Argon Market
The United Kingdom is emerging into a significant directly-affiliated argon end user. The growth of the electronics and semiconductor industry is the driver for this increased demand for high-purity argon for chip fabrication, laser technologies, and precision manufacturing. Recent initiatives to expand advanced technology parks and advanced electronics facilities will increase their argon usage in the UK. With diversified demand across healthcare, electronics, and industrial uses, the UK has the potential to contribute to growth of the market toward contributing to Europe’s argon consumption.
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Gas and Liquid Argon Market Drivers
Increasing Use in Steel and Metal Manufacturing
Growth in Semiconductor and Electronics Industry
Gas and Liquid Argon Market Restraints
High Production and Processing Costs
Infrastructure and Distribution Issues
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The global gas and liquid argon market outlook in both forms is moderately consolidated, with competition heavily influenced by capacity expansion, technological development, and increased connection with end-users. Companies are focused on constructing larger scale air separation units, in addition to enhancing recovery efficiency for cost savings and supply reliability. For instance, the recent planned expansions of air separation facilities for the production of liquid argon in Asia are the most recent example of how facility investments in capacity correlate directly with investment in competitive position in the steelmaking and electronics manufacturing products.
As per the global gas and liquid argon market analysis, new entrants and smaller market participants are heightening competitiveness with innovations in gas storage, transportation, and distribution. Many of these strategies seek to introduce a model of high-pressure storage containers, and/or methods of implied monitoring systems that are more efficient and lessen the loss of argon gas from the storage units. A recent round of funding for a young industrial gas technology startup, is a prime example of how even startups are gaining newfound attention from various parties as the global argon supply chain is confronted with challenges in the areas of infrastructure and efficiency.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global gas and liquid argon industry is on the rise, with the primary factor being the strong growth in the use of argon across steel and metal manufacturing, where argon is used as a shielding gas to prevent oxidation during welding and casting. As air separation is energy-intensive and liquefaction involves added costs, argon production and processing are relatively high-cost processes, but the market is expanding in Asia-Pacific, the leading region for argon production and processing, with large-scale steel, automotive, and electronics manufacturing industries. Gas argon has the largest gas and liquid argon market share and is commonly used in welding, metal fabrication and as a purge gas in semiconductor manufacture and other high-tech industries. The semiconductor and electronics industry has also driven demand for high-purity argon, and technological advances such as the integration of IoT and AI are influencing operational efficiency and distribution reliability for industrial settings and healthcare industry applications.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 5.8 billion |
| Market size value in 2033 | USD 9.39 billion |
| Growth Rate | 5.5% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Gas And Liquid Argon Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Gas And Liquid Argon Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Global Gas and Liquid Argon Market size was valued at USD 5.12 billion In 2023 and is expected to grow from USD 5.34 billion in 2024 to USD 7.85 billion by 2032, growing at a CAGR of 4.9% during the forecast period (2025-2032).
The global gas and liquid argon market outlook in both forms is moderately consolidated, with competition heavily influenced by capacity expansion, technological development, and increased connection with end-users. Companies are focused on constructing larger scale air separation units, in addition to enhancing recovery efficiency for cost savings and supply reliability. For instance, the recent planned expansions of air separation facilities for the production of liquid argon in Asia are the most recent example of how facility investments in capacity correlate directly with investment in competitive position in the steelmaking and electronics manufacturing products. 'Linde plc – United Kingdom/Ireland', 'Air Liquide S.A. – France', 'INOX Air Products – India', 'Messer Group GmbH – Germany', 'Taiyo Nippon Sanso Corporation – Japan', 'Air Products and Chemicals, Inc. – United States', 'Iwatani Corporation – Japan', 'SOL Group – Italy', 'Universal Industrial Gases, Inc. – United States', 'Gulf Cryo Holding K.S.C.C. – Kuwait', 'Air Water Inc. – Japan', 'BASF SE – Germany', 'Ellenbarrie Industrial Gases Ltd – India', 'Southern Industrial Gas Berhad – Malaysia', 'Hangzhou Hangyang Company Limited – China'
The steel and metal manufacturing industry is one of the largest users of argon, using the gas as a shielding gas to prevent oxidation in welding and casting. An increase in building and infrastructure projects around the world has increased the demand for steel, which in turn, increases argon consumption in industrial applications.
Growing Usage in Electronics and Semiconductor Sectors: Manufacturing of semiconductors, flat-panel displays, and microelectronics increasingly use high-purity argon. Growing adoption of advanced electronics, electric vehicles, and AI-based products spurs growth. Improving precision with reduced impurities drives manufacturers to increase use of argon gas, keeping importance in new high-tech applications, and expands the role argon will play in industrial growth and development.
Which Region is Dominating the Global Gas and Liquid Argon Market?
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