Market Forecast By By End-Use Industry (Metal manufacturing & fabrication, Chemicals, Energy, Healthcare, Electronics, Food & beverage, Others (scuba diving, automotive & transportation equipment)), By By Storage (Cylinder & packaged gas, Merchant liquid/bulk, Tonnage), By By Mixture (Argon-carbon dioxide, Argon-oxygen, Argon-Helium, Argon-Hydrogen, Others (argon-helium-carbon dioxide mixtures)), By By Function (Insulation, Illumination, Cooling) And Competitive Landscape
Product Code: ETC190804 | Publication Date: May 2022 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Egypt Argon Gas market currently, in 2023, has witnessed an HHI of 5471, Which has increased substantially as compared to the HHI of 2695 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | Egypt Yarn Market |
Forecast period | 2025-2031 |
CAGR | 5.3% |
Growing Sector | Apparel and Home Textile |
Egypt Argon Gas Market report thoroughly covers the market by end use industry, by storage, by mixture, and by function. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Egypt argon gas market is projected to grow significantly in the coming years. With an increasing demand from various industrial sectors, the market for argon gas is expected to witness a steady growth rate. Growing demand from the metal fabrication industry coupled with a rise in construction and infrastructure projects in Egypt, there is a growing demand for metal fabrication, which in turn drives the demand for argon gas.
According to 6Wresearch, the Egypt Argon Gas Market size is projected to reach at a CAGR of 4.8% during the forecast period 2025-2031. Argon gas is an important component in the production of electronic devices. With a rise in the production of consumer electronics and industrial equipment in Egypt, the demand for argon gas is also increasing. Argon gas is used in medical applications such as cryotherapy and laser surgery. As the healthcare industry continues to expand in Egypt, there is a growing demand for argon gas in these applications. Additionally, the rising demand for food and beverage preservation, as argon gas is also used in the food and beverage industry for preserving packaged goods. With a growing population and increasing consumption of packaged foods, the demand for argon gas in this sector is expected to rise is estimated to surge the Egypt Argon Gas Market growth in the coming years.
The Egyptian government has implemented policies aimed at bolstering the industrial sector, which, in turn, supports the argon gas market. These include tax incentives for manufacturers, subsidies on energy, and investments in infrastructure, all designed to lower production costs and encourage domestic growth.
The argon gas market in Egypt consists of a mix of multinational corporations and local companies. Key players, such as Air Products and Chemicals, Linde plc, Praxair Technology, Inc., and Gulf Cryo, are expanding their presence in the region through strategic partnerships, investments in production facilities, and distribution agreements.
The Egypt argon gas industry is anticipated to experience fruitful expansion. Technological advancements in argon gas application, increased foreign direct investments, and supportive government policies are expected to fuel the growth of the market. Rising demand for food and beverage preservation, driven by the growing population and increasing consumption of packaged foods, the demand for argon gas in this sector is expected to rise.
According to Dhaval, Research Manager, 6Wresearch, the metal manufacturing & fabrication sector showcases a unique growth trajectory within the Egypt argon gas market. Increased infrastructure development and the impending growth of the construction industry have amplified the demand for metal processing, which inherently relies on argon gas for welding and metal fabrication.
Based on the storage, the Merchant Liquid/Bulk segment is growing in the market. This segment's expansion can primarily be attributed to its logistical advantages and cost-efficiency for larger-scale operations. With diverse industrial activities increasing, particularly in fields such as metal manufacturing and the electronics sector.
The report offers a comprehensive study of the subsequent market segments:
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 Egypt Argon Gas Market Overview |
3.1 Egypt Country Macro Economic Indicators |
3.2 Egypt Argon Gas Market Revenues & Volume, 2021 & 2031F |
3.3 Egypt Argon Gas Market - Industry Life Cycle |
3.4 Egypt Argon Gas Market - Porter's Five Forces |
3.5 Egypt Argon Gas Market Revenues & Volume Share, By By End-Use Industry, 2021 & 2031F |
3.6 Egypt Argon Gas Market Revenues & Volume Share, By By Storage, 2021 & 2031F |
3.7 Egypt Argon Gas Market Revenues & Volume Share, By By Mixture, 2021 & 2031F |
3.8 Egypt Argon Gas Market Revenues & Volume Share, By By Function, 2021 & 2031F |
4 Egypt Argon Gas Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Egypt Argon Gas Market Trends |
6 Egypt Argon Gas Market, By Types |
6.1 Egypt Argon Gas Market, By By End-Use Industry |
6.1.1 Overview and Analysis |
6.1.2 Egypt Argon Gas Market Revenues & Volume, By By End-Use Industry, 2021 - 2031F |
6.1.3 Egypt Argon Gas Market Revenues & Volume, By Metal manufacturing & fabrication, 2021 - 2031F |
6.1.4 Egypt Argon Gas Market Revenues & Volume, By Chemicals, 2021 - 2031F |
6.1.5 Egypt Argon Gas Market Revenues & Volume, By Energy, 2021 - 2031F |
6.1.6 Egypt Argon Gas Market Revenues & Volume, By Healthcare, 2021 - 2031F |
6.1.7 Egypt Argon Gas Market Revenues & Volume, By Electronics, 2021 - 2031F |
6.1.8 Egypt Argon Gas Market Revenues & Volume, By Food & beverage, 2021 - 2031F |
6.2 Egypt Argon Gas Market, By By Storage |
6.2.1 Overview and Analysis |
6.2.2 Egypt Argon Gas Market Revenues & Volume, By Cylinder & packaged gas, 2021 - 2031F |
6.2.3 Egypt Argon Gas Market Revenues & Volume, By Merchant liquid/bulk, 2021 - 2031F |
6.2.4 Egypt Argon Gas Market Revenues & Volume, By Tonnage, 2021 - 2031F |
6.3 Egypt Argon Gas Market, By By Mixture |
6.3.1 Overview and Analysis |
6.3.2 Egypt Argon Gas Market Revenues & Volume, By Argon-carbon dioxide, 2021 - 2031F |
6.3.3 Egypt Argon Gas Market Revenues & Volume, By Argon-oxygen, 2021 - 2031F |
6.3.4 Egypt Argon Gas Market Revenues & Volume, By Argon-Helium, 2021 - 2031F |
6.3.5 Egypt Argon Gas Market Revenues & Volume, By Argon-Hydrogen, 2021 - 2031F |
6.3.6 Egypt Argon Gas Market Revenues & Volume, By Others (argon-helium-carbon dioxide mixtures), 2021 - 2031F |
6.4 Egypt Argon Gas Market, By By Function |
6.4.1 Overview and Analysis |
6.4.2 Egypt Argon Gas Market Revenues & Volume, By Insulation, 2021 - 2031F |
6.4.3 Egypt Argon Gas Market Revenues & Volume, By Illumination, 2021 - 2031F |
6.4.4 Egypt Argon Gas Market Revenues & Volume, By Cooling, 2021 - 2031F |
7 Egypt Argon Gas Market Import-Export Trade Statistics |
7.1 Egypt Argon Gas Market Export to Major Countries |
7.2 Egypt Argon Gas Market Imports from Major Countries |
8 Egypt Argon Gas Market Key Performance Indicators |
9 Egypt Argon Gas Market - Opportunity Assessment |
9.1 Egypt Argon Gas Market Opportunity Assessment, By By End-Use Industry, 2021 & 2031F |
9.2 Egypt Argon Gas Market Opportunity Assessment, By By Storage, 2021 & 2031F |
9.3 Egypt Argon Gas Market Opportunity Assessment, By By Mixture, 2021 & 2031F |
9.4 Egypt Argon Gas Market Opportunity Assessment, By By Function, 2021 & 2031F |
10 Egypt Argon Gas Market - Competitive Landscape |
10.1 Egypt Argon Gas Market Revenue Share, By Companies, 2024 |
10.2 Egypt Argon Gas Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |