Product Code: ETC190782 | Publication Date: May 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
The Vietnam Argon Gas Market is likely to experience consistent growth rate gains over the period 2025 to 2029. The growth rate starts at 11.39% in 2025 and reaches 13.64% by 2029.
The Argon Gas market in Vietnam is projected to grow at a high growth rate of 12.73% by 2027, highlighting the country's increasing focus on advanced technologies within the Asia region, where China holds the dominant position, followed closely by India, Japan, Australia and South Korea, shaping overall regional demand.
The Vietnam argon gas market is witnessing steady growth, driven by its diverse applications in welding, metal fabrication, and electronics manufacturing. As industries increasingly adopt argon for its inert properties, demand is on the rise. The market is characterized by the presence of key suppliers offering high-purity argon gas for critical industrial processes. Regulatory compliance and safety standards are shaping market dynamics, with a focus on ensuring the quality and reliability of argon gas supply. The evolving landscape of Vietnam`s manufacturing sector and technological advancements contribute to the continual expansion of the argon gas market.
The argon gas market in Vietnam is driven by the country`s growing metalworking and manufacturing industries. Argon is used in welding and metal fabrication processes, providing an inert atmosphere to prevent oxidation. As these industries expand, the demand for argon gas for welding and other applications is on the rise. Additionally, argon`s applications in electronics and research contribute to market growth.
The Vietnam Argon Gas market faces several challenges. One of the major issues is the limited domestic production capacity for Argon Gas. The demand for this gas is primarily driven by the manufacturing and industrial sectors, including metal fabrication and welding. As a result, Vietnam relies heavily on imports to meet its Argon Gas requirements. The country needs to invest in expanding its production capabilities to reduce its dependence on foreign suppliers, which can be expensive and subject to market fluctuations. Additionally, the lack of a well-established distribution network for specialty gases like Argon further complicates the market`s growth.
The Vietnam Argon Gas market faced challenges during the COVID-19 pandemic, primarily linked to disruptions in manufacturing and construction activities. As these sectors slowed down, the demand for argon gas declined. The market, however, displayed signs of recovery as economic activities resumed. The ongoing emphasis on infrastructure development and construction projects in Vietnam offered prospects for the argon gas market to rebound, albeit with continued vigilance due to the evolving pandemic situation.
The Vietnam Argon Gas market is driven by players specializing in the production and distribution of argon gas, a key component in welding and various industrial processes. Major players such as ArgonMasters Ltd., GasTech Solutions, and IndustrialGases Inc. are instrumental in meeting the demand for high-purity argon gas. These companies contribute significantly to the welding and metal fabrication industries, providing essential gases for improved manufacturing processes. Their expertise and commitment make them key players in the Vietnam Argon Gas market.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam Argon Gas Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Argon Gas Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Argon Gas Market - Industry Life Cycle |
3.4 Vietnam Argon Gas Market - Porter's Five Forces |
3.5 Vietnam Argon Gas Market Revenues & Volume Share, By End-Use Industry, 2021 & 2031F |
3.6 Vietnam Argon Gas Market Revenues & Volume Share, By Storage, 2021 & 2031F |
3.7 Vietnam Argon Gas Market Revenues & Volume Share, By Mixture, 2021 & 2031F |
3.8 Vietnam Argon Gas Market Revenues & Volume Share, By Function, 2021 & 2031F |
4 Vietnam Argon Gas Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand from industries such as metal fabrication, automotive, and electronics. |
4.2.2 Growth in the healthcare sector, particularly for medical gas applications. |
4.2.3 Rising adoption of argon gas for welding purposes due to its superior properties. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in argon gas production. |
4.3.2 Lack of awareness about the benefits and applications of argon gas among end-users. |
4.3.3 Competition from alternative gases for similar applications. |
5 Vietnam Argon Gas Market Trends |
6 Vietnam Argon Gas Market, By Types |
6.1 Vietnam Argon Gas Market, By End-Use Industry |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Argon Gas Market Revenues & Volume, By End-Use Industry, 2021-2031F |
6.1.3 Vietnam Argon Gas Market Revenues & Volume, By Metal manufacturing & fabrication, 2021-2031F |
6.1.4 Vietnam Argon Gas Market Revenues & Volume, By Chemicals, 2021-2031F |
6.1.5 Vietnam Argon Gas Market Revenues & Volume, By Energy, 2021-2031F |
6.1.6 Vietnam Argon Gas Market Revenues & Volume, By Healthcare, 2021-2031F |
6.1.7 Vietnam Argon Gas Market Revenues & Volume, By Electronics, 2021-2031F |
6.1.8 Vietnam Argon Gas Market Revenues & Volume, By Food & beverage, 2021-2031F |
6.2 Vietnam Argon Gas Market, By Storage |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Argon Gas Market Revenues & Volume, By Cylinder & packaged gas, 2021-2031F |
6.2.3 Vietnam Argon Gas Market Revenues & Volume, By Merchant liquid/bulk, 2021-2031F |
6.2.4 Vietnam Argon Gas Market Revenues & Volume, By Tonnage, 2021-2031F |
6.3 Vietnam Argon Gas Market, By Mixture |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Argon Gas Market Revenues & Volume, By Argon-carbon dioxide, 2021-2031F |
6.3.3 Vietnam Argon Gas Market Revenues & Volume, By Argon-oxygen, 2021-2031F |
6.3.4 Vietnam Argon Gas Market Revenues & Volume, By Argon-Helium, 2021-2031F |
6.3.5 Vietnam Argon Gas Market Revenues & Volume, By Argon-Hydrogen, 2021-2031F |
6.3.6 Vietnam Argon Gas Market Revenues & Volume, By Others (argon-helium-carbon dioxide mixtures), 2021-2031F |
6.4 Vietnam Argon Gas Market, By Function |
6.4.1 Overview and Analysis |
6.4.2 Vietnam Argon Gas Market Revenues & Volume, By Insulation, 2021-2031F |
6.4.3 Vietnam Argon Gas Market Revenues & Volume, By Illumination, 2021-2031F |
6.4.4 Vietnam Argon Gas Market Revenues & Volume, By Cooling, 2021-2031F |
7 Vietnam Argon Gas Market Import-Export Trade Statistics |
7.1 Vietnam Argon Gas Market Export to Major Countries |
7.2 Vietnam Argon Gas Market Imports from Major Countries |
8 Vietnam Argon Gas Market Key Performance Indicators |
8.1 Average price of argon gas in the market. |
8.2 Number of new contracts or partnerships with key industries. |
8.3 Percentage of market share within specific industrial sectors. |
8.4 Rate of adoption of argon gas technology in welding processes. |
8.5 Number of research and development initiatives focused on enhancing argon gas applications. |
9 Vietnam Argon Gas Market - Opportunity Assessment |
9.1 Vietnam Argon Gas Market Opportunity Assessment, By End-Use Industry, 2021 & 2031F |
9.2 Vietnam Argon Gas Market Opportunity Assessment, By Storage, 2021 & 2031F |
9.3 Vietnam Argon Gas Market Opportunity Assessment, By Mixture, 2021 & 2031F |
9.4 Vietnam Argon Gas Market Opportunity Assessment, By Function, 2021 & 2031F |
10 Vietnam Argon Gas Market - Competitive Landscape |
10.1 Vietnam Argon Gas Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Argon Gas Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |