Product
Argon Price Trend
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).
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 trends 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.
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).
Table Of Contents
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