市场调查报告书
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全球氩气市场评估:按应用、最终用途产业、储存和供应方法、地区、机会、预测(2017-2031)Argon Gas Market Assessment, By Application, By End-use Industry, By Storage & Supply Mode By Region, Opportunities and Forecast, 2017-2031F |
全球氩气市场规模预计将从2023年的81.2亿美元增至2031年的134.4亿美元,2024-2031年预测期间复合年增长率为6.5%。冶金行业收入的增加正在推动市场成长。
亚太地区在氩气产业的主导地位是另一个成长动力。例如,根据国际汽车工业协会(OICA)的数据,2022年亚太地区汽车产量录得7%的成长。
慢性病的流行、先进医疗设施的发展以及医疗器材的最新技术创新是加速医疗产业成长的一些关键变数。随着医疗产业的扩张,手术器械对氩气的需求不断增加,加速了市场收入的扩张。此外,全球冶金产业的成长得益于工业产品需求的增加、3D列印和积层製造的日益采用、可持续成本降低和技术进步等关键因素。因此,冶金业对氩气的需求不断增加,因为氩气用于金属製造和加工,推动了市场的成长。
此外,最近对开发新的氩气生产设施的投资预计将为预测期内的市场成长创造有利的成长潜力。例如,Air Water Inc.的子公司Air Water America计划在纽约州罗彻斯特建造一座空气分离设施,并发展气体供应业务,包括生产和销售工业气体(包括氩气)。计划于2024年11月动工建设,2025年9月投入营运。该工厂的生产能力为240吨/天,将成为该集团在北美的第一个天然气生产基地。然而,氩气的各种替代品的可用性是市场成长的主要限制。
钢铁在建筑、建筑、汽车、航空航太、海事和工业产品等各种最终用途行业的快速采用是钢铁业强劲增长的主要推动力。
例如,根据世界钢铁协会(WSA)近日发布的数据,2022年全球粗钢产量为18.85亿吨。粗钢产量排名前五的市场是中国、印度、日本、美国和俄罗斯,产量分别为10.18亿吨、1.253亿吨、8,920万吨、8,050万吨和7,150万吨。蓬勃发展的冶金行业正在推动对氩气的需求,因为它在製造过程中发挥着重要作用,为各种金属加工步骤提供保护气氛并有助于提高最终产品的品质。这项决定因素正在推动市场成长。
亚太地区正在经历快速工业化,导致对工业气体(包括氩气)的需求增加。此外,电子、製造和能源等行业的成长正在推动该地区对氩气的需求。同样,亚太地区不断发展的城市化和基础设施的发展正在为氩气市场创造新的机会。
例如,根据美国地质调查局(USGS)近期发布的统计数据,2021年越南钛产量为12.2万吨,2022年将增加至16万吨,年成长率为31.1%。此外,印度2021年钢铁产量为7.8万吨,2022年达8.3万吨,年增率为6.4%。此后,钢铁和钛等冶金产品产量的增加刺激了亚太地区对氩气的需求,进一步放大了该地区的市场成长。
包括北美、欧洲和亚太地区在内的多个地区都实施了严格的指令,以控制 2020 年迅速增加的 COVID-19 病例数。由于汽车、冶金和建筑等主要製造单位停止运营,氩气供应链受到干扰。根据世界钢铁协会2021年4月发布的短期展望,2020年全球钢铁消费量将下降0.2%,其中北美、欧盟、英国和非洲降幅最大。因此,终端产业营收下降抑制了2020年氩气市场的成长。
然而,相反,2020年医疗设施的需求呈指数级增长,推动了该细分市场的收入成长。此外,2020年底,世界各国政府采取积极措施促进工业生产活动,大大提振了氩气市场。
本报告针对全球氩气市场进行研究和分析,提供市场规模和预测、市场动态、主要参与者现状和前景等。
Global argon gas market is projected to witness a CAGR of 6.5% during the forecast period 2024-2031, growing from USD 8.12 billion in 2023 to USD 13.44 billion in 2031. The revenue expansion of the metallurgy industry is boosting the growth of the argon gas market. For instance, as per United States Geological Survey (USGS), titanium production in Australia was 660 thousand tons in 2021, an increase of 10% as opposed to 2021.
The dominance of the Asia-Pacific region in the argon gas industry is acting as another growth-inducing factor. For instance, according to the Organisation Internationale des Constructeurs d'Automobiles (OICA), in 2022, the Asia Pacific region production of automobiles in the Asia-Pacific region registered a growth of 7%.
The increasing prevalence of chronic diseases, the development of advanced healthcare facilities, and the recent innovations related to medical equipment are some of the crucial variables accelerating the growth of the healthcare industry. In line with the healthcare industry expansion, the argon gas demand is booming as it is deployed in surgical instruments, thereby accelerating the revenue advancement of the market. In addition, the growth of the metallurgy industry at the global level is attributed to prime factors such as increasing demand for manufactured goods, growing adoption of 3D printing and additive manufacturing, sustainable cost reduction, and technological advancements. Thus, the bolstering metallurgy industry is boosting the demand for argon gas since the gases are utilized in metal manufacturing and processing activities, which, in turn, is propelling the growth of the market.
Moreover, recent investments in the development of new argon gas manufacturing facilities will create a favorable growth potential for the market growth during the projected forecast period. For instance, Air Water Inc.'s subsidiary, Air Water America, is planning to construct an air separation unit in Rochester, New York, to develop an integrated gas supply business from manufacturing to sales of industrial gases, including argon. The plan is to begin construction in November 2024 and start operations in September 2025. This facility will have a manufacturing capability of 240 tons/day and will be the group's first gas manufacturing base in North America. However, the availability of various substitute products for argon gas is a prime restraint limiting the growth of the market.
In the healthcare sector, argon gas is used for procedures such as retinal phototherapy, retinal realignment, and tumor ablation. Additionally, it is used in pure form or mixtures for analysis and quality control in hospitals, as well as in plasma gas for inductive coupled plasma (ICP) emission spectrometry and other medical applications. The key players having a significant share in the global argon market are offering argon gas for application in the healthcare industry.
For illustration, Air Liquide Healthcare, a subsidiary company of Air Liquide, a global player in the argon gas industry, is offering Air Liquide Healthcare argon gas for the healthcare industry. Argon gas is employed as a blanket gas in graphite furnace atomic absorption spectrometry (GFAAS) and as a carrier gas in gas chromatography for a wide range of detectors. Henceforth, the inert properties of argon make it beneficial for performance quality improvement in the healthcare industry. As a result, the increasing adoption of argon gas in the healthcare industry is proliferating the market growth.
Argon gas is a colorless, odorless, non-flammable, and non-toxic gas, which makes it ideal for use in the metallurgy industry. Argon gas is utilized as a blowing gas during the manufacturing process of higher-quality metals to avoid the formation of nitrides. As a result, argon gas is often deployed in the manufacturing and processing of metals such as steel, titanium, and others. In steel production, argon gas is deployed in ladle metallurgy, vacuum degassing, and continuous casting to stir the metal and facilitate refining steps, along with stream shrouding and tundish inerting. The rapid adoption of steel across various end-use industries, including building and construction, automotive, aerospace, marine, and industrial products are some of the prime factors facilitating the robust growth of the steel industry.
For instance, according to the recent data published by the World Steel Association (WSA), in 2022, the global production of crude steel was 1,885 million tons. The top 5 markets for crude steel production were China, India, Japan, the United States, and Russia with a volume of 1,018 million tons, 125.3 million tons, 89.2 million tons, 80.5 million tons, and 71.5 million tons, respectively. Hence, the booming metallurgy sector is fueling the demand for argon gas since it plays a vital role in the manufacturing process, providing a protective atmosphere for various metalworking steps and contributing to the quality of the final products. This determinant is augmenting the market growth.
The various technical properties associated with the argon gas include melting point at -189°C, boiling point at -185.7°C, 0.00178 grams per centimeter cube density, and molecular weight/molar mass at 39.948 u. The above-mentioned characteristics make argon gas less conductive than regular air, promoting its use as a better thermal insulating gas. As a result, argon gas is ideal for a range of end-use industries such as metallurgy, electrical and electronics, healthcare, food & beverage, and energy and power generation. Thus, the argon gas manufacturers at the global level are targeting to develop new manufacturing facilities to cater to a wide range of end-use industries. For instance, in October 2022, Air Liquide invested USD 539.72 million (EURO 500 million) in three new plants in Taiwan to supply ultra-pure nitrogen, oxygen, and argon gas, with the first plant expected to be operational in 2024. Therefore, beneficial technical properties related to argon gas are prompting the leading players to develop new manufacturing facilities, which, in turn, is supplementing the growth of the argon gas market.
The Asia-Pacific region is experiencing rapid industrialization, leading to an increased demand for industrial gases, including argon gas. Additionally, the growth in sectors, such as electronics, manufacturing, and energy, is driving the demand for argon gas in the region. Likewise, the increasing urbanization and infrastructural growth in the Asia-Pacific region are creating new opportunities for the argon gas market.
For instance, according to the recent statistics published by the United States Geological Survey (USGS), in 2021, titanium production in Vietnam was 122 thousand tons, and in 2022, it was 160 thousand tons, representing a year-on-year growth rate of 31.1%. In addition, India's iron & steel production was 78 thousand tons in 2021, and it reached 83 thousand tons in 2022, an annual growth rate of 6.4%. Henceforth, the increase in the production of metallurgy-related products, including iron, steel, and titanium, among others, is spurring the demand for argon gas in the Asia-Pacific region, which is further amplifying the growth of the market in the region.
Stringent protocols were implemented across various regions, including North America, Europe, and Asia-Pacific, to curb the surging COVID-19 cases in 2020. The supply chain of argon gas was disrupted as the leading manufacturing units for automotive, metallurgy, and construction halted their operation. The World Steel Association's Short Range Outlook released in April 2021 reported that global steel consumption declined by 0.2% in 2020, with the largest percentage decline recorded in North America, the European Union, the United Kingdom, and Africa. Hence, the decrease in the revenue of the end-use industries restricted the argon gas market growth in 2020.
However, on the contrary, the demand for healthcare facilities increased exponentially in 2020, which boosted the segmental revenue growth of the market. Furthermore, at the end of 2020, governments of various nations implemented aggressive measures to promote industrial manufacturing activities, which significantly accelerated the argon gas market.
The Russia-Ukraine war had a significant impact on the argon gas industry, as Ukraine is a major supplier of noble gases, including argon, which is essential for various applications, including semiconductor chip production. The conflict disrupted the supply of noble gases, leading to concerns about the structure and resilience of global supply chains, particularly for strategically sensitive technologies. The disruption in the supply chain further forced chipmakers to review their stockpiles, which led to a surge in wholesale prices of rare gases, including argon. The conflict also pushed European gas prices to record levels, affecting chemical producers and potentially leading to gas rationing and production cuts.
In addition, various argon gas manufacturers halted their production activities in Russia, which impacted the supply of gases in the global market. For instance, in September 2022, Air Liquide disengaged its production activities in Russia. Therefore, the war between Russia and Ukraine has had a substantial impact on the argon gas industry, affecting supply chains, prices, and the availability of noble gases essential for various applications, including chip manufacturing.
The key industry leaders involved in the manufacturing of argon gas in the global market are: Air Products and Chemicals, Inc., Air Liquide, Linde plc, Messer, Praxair Technology, Inc., MATHESON TRI-GAS, INC., Iwatani Corporation., Steelman Gases Pvt. Ltd., Bhuruka Gases Limited, and Ellenbarrie industrial Gases. These players have highly advanced modern infrastructure for developing, producing, storing, and supplying argon gas. Major players are deploying various strategies, entering mergers & acquisitions, formulating strategic agreements & contracts, and developing, testing, and introducing new solutions and services.
In July 2023, Sol India Pvt Ltd, an Indian industrial and medical gas manufacturer, commenced the development of a new gas manufacturing facility in India. The new gas manufacturing plant will produce & supply gases such as industrial oxygen, liquid medical gas, liquid nitrogen, and argon. Thus, the development of new manufacturing facilities related to argon gas will foster the supply of gases in the global market in the upcoming years.
In July 2023, a multi-year contract was awarded for the acquisition of a large cryogenic plant to cool tens of thousands of tons of liquid argon for DUNE detectors in South Dakota. This contract highlights the growing interest in argon gas and its applications in various industries, including aerospace and defense.
In December 2022, Air Liquide, a global player involved in the manufacturing and supply of argon gas, opened a new facility with a cylinder filling station (CFS) that fills 3000 cylinders per day and 70 tons per day capacity air separation unit (ASU) in Maharastra, India. This new facility will serve various small and medium organization customers of liquid argon, argon-CO2 mixtures, oxygen, liquid nitrogen, oxygen, and nitrogen in high-pressure cylinders. Hence, the inauguration of a new facility targeted to serve multiple end-use industries is augmenting the revenue growth of the argon gas market.
All segments will be provided for all regions and countries covered:
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.