Product Code: ETC190776 | Publication Date: Aug 2023 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
The India argon gas market import shipments showcased a steady growth trend with a positive CAGR from 2020 to 2024. However, there was a notable decline in growth momentum between 2023 and 2024. Overall, the market expansion slowed down during the latter period, indicating a potential stabilization or moderation in growth.
India is one of the largest consumers of Argon gas in Asia-Pacific. The demand for argon gas has been increasing over the past few years owing to its multiple uses, such as welding and cutting activities, production of light bulbs and LCD panels, among others. Furthermore, growing demand from end user applications such as food packaging and medical gases are expected to fuel the growth of India argon gas market during the forecast period (2025-2031).
Some factors driving the growth of India argon gas market include a rapidly growing industrial sector due to rapid economic development; technological advancements related to argon gas production; rising demand for energy efficient products; and government initiatives focused on promoting industrial activities in India. Additionally, increasing investments in research & development activities by major companies operating in this market is also expected to drive the growth prospects for India argon gas market during the forecast period.
High cost associated with setting up an argon plant coupled with stringent safety regulations implemented by governmental organizations are some key challenges restraining market growth significantly over coming years.Moreover, environmental concerns regarding usage of argon can affect its penetration rate throughout various industry verticals negatively which could hamper overall sales volume significantly going forward.
High cost associated with setting up an argon plant coupled with stringent safety regulations implemented by governmental organizations are some key challenges restraining market growth significantly over coming years.Moreover, environmental concerns regarding usage of argon can affect its penetration rate throughout various industry verticals negatively which could hamper overall sales volume significantly going forward.
Covid 19 pandemic has impacted downstream sectors like oil & gas refineries drastically causing decline in global crude prices massively affecting global commodity pricing dynamics significantly. This could adversely impact India Argone Gas Market due declining investment levels from major industry participants owing to uncertain macroeconomic conditions across country thereby impacting overall revenue generation potential across different segments quite severely.
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 India Argon Gas Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Argon Gas Market Revenues & Volume, 2021 & 2031F |
3.3 India Argon Gas Market - Industry Life Cycle |
3.4 India Argon Gas Market - Porter's Five Forces |
3.5 India Argon Gas Market Revenues & Volume Share, By End-Use Industry, 2021 & 2031F |
3.6 India Argon Gas Market Revenues & Volume Share, By Storage, 2021 & 2031F |
3.7 India Argon Gas Market Revenues & Volume Share, By Mixture, 2021 & 2031F |
3.8 India Argon Gas Market Revenues & Volume Share, By Function, 2021 & 2031F |
4 India Argon Gas Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for argon gas in the metal fabrication industry for welding applications |
4.2.2 Increasing adoption of argon gas in the electronics industry for semiconductor manufacturing |
4.2.3 Growth in the healthcare sector for applications such as cryosurgery and laser therapy |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices affecting the overall production cost of argon gas |
4.3.2 Lack of awareness about the benefits of using argon gas in various industries |
4.3.3 Stringent regulations and compliance requirements in the argon gas market |
5 India Argon Gas Market Trends |
6 India Argon Gas Market, By Types |
6.1 India Argon Gas Market, By End-Use Industry |
6.1.1 Overview and Analysis |
6.1.2 India Argon Gas Market Revenues & Volume, By End-Use Industry, 2021-2031F |
6.1.3 India Argon Gas Market Revenues & Volume, By Metal manufacturing & fabrication, 2021-2031F |
6.1.4 India Argon Gas Market Revenues & Volume, By Chemicals, 2021-2031F |
6.1.5 India Argon Gas Market Revenues & Volume, By Energy, 2021-2031F |
6.1.6 India Argon Gas Market Revenues & Volume, By Healthcare, 2021-2031F |
6.1.7 India Argon Gas Market Revenues & Volume, By Electronics, 2021-2031F |
6.1.8 India Argon Gas Market Revenues & Volume, By Food & beverage, 2021-2031F |
6.2 India Argon Gas Market, By Storage |
6.2.1 Overview and Analysis |
6.2.2 India Argon Gas Market Revenues & Volume, By Cylinder & packaged gas, 2021-2031F |
6.2.3 India Argon Gas Market Revenues & Volume, By Merchant liquid/bulk, 2021-2031F |
6.2.4 India Argon Gas Market Revenues & Volume, By Tonnage, 2021-2031F |
6.3 India Argon Gas Market, By Mixture |
6.3.1 Overview and Analysis |
6.3.2 India Argon Gas Market Revenues & Volume, By Argon-carbon dioxide, 2021-2031F |
6.3.3 India Argon Gas Market Revenues & Volume, By Argon-oxygen, 2021-2031F |
6.3.4 India Argon Gas Market Revenues & Volume, By Argon-Helium, 2021-2031F |
6.3.5 India Argon Gas Market Revenues & Volume, By Argon-Hydrogen, 2021-2031F |
6.3.6 India Argon Gas Market Revenues & Volume, By Others (argon-helium-carbon dioxide mixtures), 2021-2031F |
6.4 India Argon Gas Market, By Function |
6.4.1 Overview and Analysis |
6.4.2 India Argon Gas Market Revenues & Volume, By Insulation, 2021-2031F |
6.4.3 India Argon Gas Market Revenues & Volume, By Illumination, 2021-2031F |
6.4.4 India Argon Gas Market Revenues & Volume, By Cooling, 2021-2031F |
7 India Argon Gas Market Import-Export Trade Statistics |
7.1 India Argon Gas Market Export to Major Countries |
7.2 India Argon Gas Market Imports from Major Countries |
8 India Argon Gas Market Key Performance Indicators |
8.1 Average selling price of argon gas in the market |
8.2 Adoption rate of argon gas in emerging industries such as 3D printing and automotive |
8.3 Investment in research and development for new applications of argon gas |
9 India Argon Gas Market - Opportunity Assessment |
9.1 India Argon Gas Market Opportunity Assessment, By End-Use Industry, 2021 & 2031F |
9.2 India Argon Gas Market Opportunity Assessment, By Storage, 2021 & 2031F |
9.3 India Argon Gas Market Opportunity Assessment, By Mixture, 2021 & 2031F |
9.4 India Argon Gas Market Opportunity Assessment, By Function, 2021 & 2031F |
10 India Argon Gas Market - Competitive Landscape |
10.1 India Argon Gas Market Revenue Share, By Companies, 2024 |
10.2 India Argon Gas Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |