Use of Argon Gas in a Wide Range of Applications to Drive the Market Growth
Argon gas is formed by fractional distillation by extracting it from liquid air in a cryogenic air separation unit and exists as charged ion molecules. It is a noble gas and, therefore, is considered an essential gas due to its wide range of applications across various industries, which is helping in increasing the demand for this gas and driving the market growth.
Argon gas is majorly used in the metal fabrication sector for shielding metals from oxidation during welding, because of its properties like non-toxic, non-flammability, non-reactive under extreme temperature conditions, and many others, due to which the demand for this gas is increasing in this industry. Metal fabrication is a subsector of the manufacturing industry and hence is linked with many other industries such as pharmaceutical, food and beverages, automotive, aerospace, energy, construction, shipbuilding, etc.
Metal fabrication has boosted the use of this gas in the steel industry, which is continuously booming, in all sectors across the globe. The below figure shows the use of steel in different sectors in the year 2018 (%).
Use of Steel, In Different Sectors, 2018
Use of Argon gas
It is used in welding with a mixture of 95% argon gas and 25% carbon dioxide or 98% argon gas and 2% carbon dioxide, depending on the steel type.
In addition to this, it is also used on a large scale in solar and insulated windows to increase the energy efficiency and general performance of these windows which is increasing its demand in this sector and is driving the market growth. Furthermore, it is used in excimer lasers along with fluorine and helium, which are used for the production of microelectronic devices. It is also used in incandescent lamps and phosphorescent tubes which are propelling its demand due to the increasing number of malls, shopping complexes, hotels, etc.
Moreover, argon gas finds its applications in a variety of other purposes as well such as in the manufacturing of titanium and other reactive elements as a non-reactive blanket, for growing silicon as well as germanium crystals as a protective atmosphere, for filling the dry suits that are used for scuba diving, and as a filler gas in fire extinguishers and airbag inflation which are the factors responsible for the growth of this market.