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Argon Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Argon in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Argon Price Trend for the Second Half of 2022

Argon prices remained anchored during H2 2022. Q3 started with a rise while prices started stabilizing by the end of Q4. The third quarter witnessed problems with the production, transport, and storage of Argon which led to the incline in prices. But Q4 started with supply chain restoration and resumption of other industrial activities thereby, stabilizing the price trend. But the demand could not keep up, so the argon prices remained almost stagnant in the latter Q4 H2 2022.

Argon Price Trends

Analyst Insight

According to Procurement Resource, the argon market is expected to rise in the coming future considering the increase in the demand from the downstream industries given the active rise in the applications of argon ranging from filament bulbs to scuba diving.

Argon Price Trend For the First Half of 2022

All the key players in the gaseous market have increased the prices for bulk industrial gases, including Argon. Presently, the prices for Argon have been hiked around 15%, including the charges for delivery, material handling and other miscellaneous services.

This price increase was in line with the increasing energy and labour costs owing to the surging crude oil and natural gas prices. In the case of Argon, the rising costs of sourcing are also responsible for the price trend to strengthen globally.

Procurement Resource provides latest prices of Argon. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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About

Argon is a chemical element in the eighteen group of the periodic table. It is a noble gas, the third most abundant gas in earth's atmosphere, besides Nitrogen and Oxygen. It is an odorless and colorless gas that does not react with other substances, has low thermal conductivity, and forms a few compounds under extreme conditions.

Argon is used whenever an inert atmosphere is required, like during the production of titanium, to shield the weld area, and in incandescent light bulbs to keep the filament from corroding due to oxygen. Argon has also been used as a surgical instrument in the medical field. Argon Plasma Coagulation (APC) is a non-contact technique that uses high-frequency argon plasma stimulation to cauterize surrounding tissues and control bleeding around surgical sites through coagulation.

Product Details

Report Features Details
Product Name Argon
HS CODE 280421
CAS Number 7440-37-1
Industrial Uses Welding and Casting, Healthcare, Food and Drink, Neon Lighting, Manufacturing, Scuba Diving
Chemical Formula Ar
Molecular Weight 39.95 g/mol
Supplier Database BASF, Eurochem, Praxair Air, Messer Group, American Gas Group
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

  • Production of Argon from Atmospheric Air

Argon is industrially extracted from liquid air in a cryogenic air separation unit employing fractional distillation. The atmospheric nitrogen is heated using hot calcium or magnesium and a nitride is formed, leaving behind a small amount of Argon.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e., government agencies, external trade bodies, and industry publications).

Assistance from Experts

Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.

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Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.

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Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.

Subscribe to Unlock Access

  • Price Across Multiple Locations
  • Market Insights
  • Download Data in Excel Format
  • Short Term Price Forecasts
  • Prices of More than 400 Commodities and Utilities

Get in Touch With Us

flag
UNITED STATES

Phone:+1 307 363 1045

flag
INDIA

Phone: +91 1203185500

flag
UNITED KINGDOM

Phone: +44 7537 132103

Email: sales@procurementresource.com

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