Metal manufacturing & fabrication to witness highest growth rate for Argon Gas Market

The report "Argon Gas Market by End-Use Industry (Metal Manufacturing & fabrication, Chemicals), Storage, Distribution & Transportation (Cylinder & packaged gas, Merchant liquid), Mixture (Ar-CO2, Ar-O2), Function (Insulation) & Region - Global Forecast to 2020" defines and segments the argon gas market with analysis and forecasting of global revenue. It also identifies the driving and restraining factors of the market with analysis of trends, opportunities, and challenges.

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The argon gas market depends on various players who provide technological solutions for manufacturing and storage, distribution, and transportation of eco-friendly argon gas. The market is dominated by key players such as Praxair Inc. (U.S.), Air Liquide S.A. (France), The Linde Group (Germany), Messer Group GmbH (Germany), Airgas Inc. (U.S.), Matheson Tri-Gas Inc. (U.S.), Air Products and Chemicals Inc. (U.S.), Advanced Specialty Gases Inc. (U.S.) and Iwatani Corporation (Japan).

One of the major developments observed in the argon gas market is expansions & investments. Companies are adopting inorganic growth strategies such as acquisitions to cope with the increasing demand for argon gas in emerging markets. These strategies have aided companies to create a large customer and partner base in these markets.

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metal manufacturing & fabrication end-use industry segment is projected to grow at the highest CAGR of 5.61% from 2015 to 2020. The key players of the argon gas market implement different strategies such as expansions & investments, new product launches, agreements, partnerships, contracts, and joint ventures to gain a larger share in the market.

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