Product Code: ETC190779 | 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 Singapore Argon Gas Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to 4.66% in 2026, following an initial rate of 4.56%, before easing to 3.34% at the end of the period.
Singapore's Argon Gas market is anticipated to experience a stable growth rate of 4.58% by 2027, reflecting trends observed in the largest economy China, followed by India, Japan, Australia and South Korea.
The argon gas market in Singapore is closely tied to the manufacturing and electronics industries, where argon is used in welding and as a shielding gas. As these industries continue to expand, the demand for argon is expected to remain steady. The growth in the semiconductor manufacturing sector, in particular, will drive the need for high-purity argon gas. However, price fluctuations in the global argon market may impact local prices and market dynamics.
The Singapore argon gas market is experiencing growth, driven by multiple factors. One of the primary drivers is the increasing demand for argon gas in industries such as metal fabrication, electronics, and healthcare. Singapore strong industrial base and efficient logistics infrastructure make it an attractive market for argon gas suppliers. Furthermore, the country`s commitment to quality control and adherence to safety standards ensure the availability of high-purity argon gas, further bolstering market growth.
The argon gas market in Singapore confronts challenges related to the sourcing of argon, which is often extracted as a byproduct of other industrial processes. Ensuring a stable and cost-effective supply of argon is essential for various industries, including electronics and manufacturing. Regulatory compliance and safety standards for handling and transporting argon gas require constant attention. The market also needs to adapt to fluctuations in demand from key sectors and manage competition from global argon suppliers. Developing innovative applications for argon gas to drive demand and market growth is another challenge.
The Singapore argon gas market felt the impacts of the COVID-19 pandemic as various industries reduced their operations. Argon gas is commonly used in welding, electronics, and metal fabrication, and the slowdown in these sectors resulted in decreased demand. Additionally, disruptions in the supply chain affected argon gas availability. As the economy gradually recovers, the argon gas market is expected to rebound, with increased demand in manufacturing and industrial applications. The semiconductor and electronics industries, in particular, may drive growth due to their reliance on argon gas for various processes.
The argon gas market in Singapore is expected to witness steady growth in the coming years. Key players in this market include Air Products and Chemicals, Inc., Linde PLC, and Air Liquide SA. These companies have a strong presence in the region and are likely to continue dominating the market due to their technological expertise and extensive distribution networks.
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 Singapore Argon Gas Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Argon Gas Market Revenues & Volume, 2021 & 2031F |
3.3 Singapore Argon Gas Market - Industry Life Cycle |
3.4 Singapore Argon Gas Market - Porter's Five Forces |
3.5 Singapore Argon Gas Market Revenues & Volume Share, By End-Use Industry, 2021 & 2031F |
3.6 Singapore Argon Gas Market Revenues & Volume Share, By Storage, 2021 & 2031F |
3.7 Singapore Argon Gas Market Revenues & Volume Share, By Mixture, 2021 & 2031F |
3.8 Singapore Argon Gas Market Revenues & Volume Share, By Function, 2021 & 2031F |
4 Singapore Argon Gas Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand from industries like electronics, metal fabrication, and healthcare that require argon gas for various applications. |
4.2.2 Growing adoption of argon gas in the manufacturing sector due to its inert properties and ability to create controlled environments. |
4.2.3 Rising investments in infrastructure projects and construction activities that use argon gas for welding and metal processing. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in the production of argon gas, impacting the overall cost and profitability. |
4.3.2 Stringent regulations and compliance standards related to handling and storage of argon gas, increasing operational complexities for suppliers. |
5 Singapore Argon Gas Market Trends |
6 Singapore Argon Gas Market, By Types |
6.1 Singapore Argon Gas Market, By End-Use Industry |
6.1.1 Overview and Analysis |
6.1.2 Singapore Argon Gas Market Revenues & Volume, By End-Use Industry, 2021-2031F |
6.1.3 Singapore Argon Gas Market Revenues & Volume, By Metal manufacturing & fabrication, 2021-2031F |
6.1.4 Singapore Argon Gas Market Revenues & Volume, By Chemicals, 2021-2031F |
6.1.5 Singapore Argon Gas Market Revenues & Volume, By Energy, 2021-2031F |
6.1.6 Singapore Argon Gas Market Revenues & Volume, By Healthcare, 2021-2031F |
6.1.7 Singapore Argon Gas Market Revenues & Volume, By Electronics, 2021-2031F |
6.1.8 Singapore Argon Gas Market Revenues & Volume, By Food & beverage, 2021-2031F |
6.2 Singapore Argon Gas Market, By Storage |
6.2.1 Overview and Analysis |
6.2.2 Singapore Argon Gas Market Revenues & Volume, By Cylinder & packaged gas, 2021-2031F |
6.2.3 Singapore Argon Gas Market Revenues & Volume, By Merchant liquid/bulk, 2021-2031F |
6.2.4 Singapore Argon Gas Market Revenues & Volume, By Tonnage, 2021-2031F |
6.3 Singapore Argon Gas Market, By Mixture |
6.3.1 Overview and Analysis |
6.3.2 Singapore Argon Gas Market Revenues & Volume, By Argon-carbon dioxide, 2021-2031F |
6.3.3 Singapore Argon Gas Market Revenues & Volume, By Argon-oxygen, 2021-2031F |
6.3.4 Singapore Argon Gas Market Revenues & Volume, By Argon-Helium, 2021-2031F |
6.3.5 Singapore Argon Gas Market Revenues & Volume, By Argon-Hydrogen, 2021-2031F |
6.3.6 Singapore Argon Gas Market Revenues & Volume, By Others (argon-helium-carbon dioxide mixtures), 2021-2031F |
6.4 Singapore Argon Gas Market, By Function |
6.4.1 Overview and Analysis |
6.4.2 Singapore Argon Gas Market Revenues & Volume, By Insulation, 2021-2031F |
6.4.3 Singapore Argon Gas Market Revenues & Volume, By Illumination, 2021-2031F |
6.4.4 Singapore Argon Gas Market Revenues & Volume, By Cooling, 2021-2031F |
7 Singapore Argon Gas Market Import-Export Trade Statistics |
7.1 Singapore Argon Gas Market Export to Major Countries |
7.2 Singapore Argon Gas Market Imports from Major Countries |
8 Singapore Argon Gas Market Key Performance Indicators |
8.1 Average selling price of argon gas in the Singapore market. |
8.2 Number of new applications or industries adopting the use of argon gas. |
8.3 Investment in research and development for enhancing the quality and purity of argon gas. |
8.4 Percentage of market penetration in key industries utilizing argon gas technology. |
8.5 Customer satisfaction levels and feedback on the quality and reliability of argon gas supply. |
9 Singapore Argon Gas Market - Opportunity Assessment |
9.1 Singapore Argon Gas Market Opportunity Assessment, By End-Use Industry, 2021 & 2031F |
9.2 Singapore Argon Gas Market Opportunity Assessment, By Storage, 2021 & 2031F |
9.3 Singapore Argon Gas Market Opportunity Assessment, By Mixture, 2021 & 2031F |
9.4 Singapore Argon Gas Market Opportunity Assessment, By Function, 2021 & 2031F |
10 Singapore Argon Gas Market - Competitive Landscape |
10.1 Singapore Argon Gas Market Revenue Share, By Companies, 2024 |
10.2 Singapore Argon Gas Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |