The global argon market to grow at a CAGR of 6.47% by volume during the period 2016-2020.
Global Argon Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
A trend that is helping to boost market growth is the use of argon in chromatography and electrosurgery. Argon is the most preferred gas in gas chromatography. Argon plasma, the most prevalent source of ions, can also be looked at as an excitable medium for inductively coupled plasma. One of the primary reasons behind using argon plasma is its efficiency in plasma generation. The ionization potential of argon is 1,520.6 kiloJoule per mole, which is much higher than other potential gases. Higher ionization potential enables efficient plasma generation.
According to the report, a key growth driver is the use of argon in neuroprotection. Argon has confirmed narcotic and protective abilities. The earliest studies about argon's properties have shown its ability to display narcotic effects at hyperbaric pressures of more than 10 atmospheres while more recent evidence seek to present argon as a potential neuroprotective agent. Protection was detected with three distinct concentrations of argon, 25%, 50%, and 74%.
Further, the report states that one challenge that could hamper market growth is the rise of substitutable technologies.
- Airgas - Air Liquide - Linde - Messer Group - Praxair
Other prominent vendors
- Air Water - Air Products - American Gas Group - BASF - Buzwair - Coregas - Gulf Cryo - Iwatani - Taiyo Nippon Sanso