Argon Prices, Trend & Forecasts | Provided by Procurement Resource

Product NameArgon
HS Code280421
Atomic Weight:39.95 g/mol
Chemical FormulaAr
CAS Number:7440-37-1
Region/Countries for which Data is availableAsia 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
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeOur services can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after service delivery

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Argon is a chemically inactive, colourless, and odourless element which is used to fill incandescent and fluorescent lamps and vacuum tubes due to its inertness. The chemical element Argon has an Ar symbol with the atomic number 18. Apart from, Nitrogen and Oxygen, it is among the most widely available gas present naturally in the environment (twice as abundant as water vapour).

The gas comprises 0.00015 percent of the crust. It is not reactive with other substances, creates a few compounds while in extreme conditions, and has low thermal conductivity. It is used in the production of titanium, for covering the weld area, and in incandescent light bulbs for corrosion resistance and whenever an inert atmosphere is needed.

Germany, Belgium, Netherlands, China, European Union are the worldwide leading Argon producing countries.

Key Details About the Argon Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Argon price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Argon price chart, pricing database, and analysis can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Argon Price Trend:

Price Trend Image

In the healthcare sector, Argon lasers treat retinal phototherapy and retinal detachment for diabetic patients. It is also used during surgeries to weld arteries and eradicate tumours. The Cryo-needles used during kidney tumour procedures are cooled in during argon cryosurgery. It also treats other conditions like heartbeat rhythm alterations and heart arrhythmias.

Argon is employed in the food and beverage industry as it is added to wine barrels to replace air and protect them from oxidation and souring. Furthermore, it also has use in casting and welding industries, specifically in manufacturing titanium and speciality alloys, among many other uses. All such mentioned industrial uses are impacting Argon price trend.

Key Market Players:

  • BASF
  • Eurochem
  • Praxair Air
  • Messer Group
  • American Gas Group

News and Events:

  • Argon’s price as on September 19, 2022 is USD 0.001153 with a USD 85,348.85 24-hour trading volume. In the last 24 hours, argon has been lower by 10.67 percent.

Related Price Trend:

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