The argon gas is extensively used for shieling gas while welding, to develop inert atmospheres in processes like soldering, semiconductor manufacturing, metal heat treatment, and chemical synthesis. It is a noble gas used for food preservation. It is used for preservation of wine. In medical field it is used for performing cryosurgery and sometimes utilized in cauterize tissues in medical procedures. Due to the growth in the aerospace and automotive industry the demand for the argon gas has observed to be increased which has estimated to drive the growth of the argon gas market in the future. Due to increasing demand of the argon gas the key players are expanding the manufacturing facility by investment and funding activities.
While demand for argon gas continues to grow, stringent regulations around the production and fluctuating demand and supply limit growth in the argon gas market. The availability of substitute and alternative options also restricts growth in the market. North America dominates the argon gas market as U.S. consumes large amount of argon gas due to presence well-established of electronics, food & beverages, metal, and healthcare industries in the region.
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Published by Saurabh Bidwai
