Argon Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition
Argon Price Trend, Index and Forecast
Track real-time and historical argon prices across global regions. Updated monthly with market insights, drivers, and forecasts.
Argon Prices August 2025
| Region | Price (USD/KG) | Latest Movement |
|---|---|---|
| Europe | 0.51 | -5.8%↓ Down |
| North America | 0.58 | -6.8% ↓ Down |
Argon Price Index (USD/KG):
The chart below highlights monthly argon prices across different regions.
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Market Overview Q3 Ending september 2025
Europe: In Europe, prices declined lower downstream consumption in the steel and automotive sectors, which are the largest end users of industrial argon. Weak demand for welding and metallurgical applications was particularly noticeable in Germany, Italy, and France as slower manufacturing activity persisted amid high borrowing costs and reduced export orders. Supply-side dynamics were also influential, with stable production output from air separation units in Western Europe creating oversupply conditions in the region. Rising electricity tariffs continued to inflate operational costs for producers, although falling natural gas benchmarks mitigated some upward cost pressure. Distribution inefficiencies, including limited tanker truck availability and increased inland freight rates, added marginal cost components to delivered prices. Additionally, currency fluctuations, particularly the weaker euro against the US dollar, increased import costs for smaller volumes sourced from external markets, though abundant domestic production prevented significant reliance on imports.
North America: The downward trend reflected weaker industrial gas consumption in the United States and Canada, where slowing activity in construction, automotive manufacturing, and electronics curtailed argon demand. Labor strikes in the US automotive sector during the quarter also disrupted production schedules, limiting requirements for welding-grade argon. On the supply side, air separation units operated steadily across the US Gulf Coast and Midwest, ensuring ample product availability. However, logistical inefficiencies in rail freight and trucking, combined with elevated inland transportation costs, influenced delivered pricing to end-users. Meanwhile, port delays on the East Coast, partly linked to global container imbalances, prolonged lead times for imported volumes. Despite these factors, abundant domestic output kept the regional market well supplied. The stronger US dollar also made imports from Asia comparatively cheaper, although limited demand growth prevented significant inflows.
Argon Price Trend, Market Analysis, and News
IMARC's latest publication, “Argon Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the argon market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of argon at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed argon prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting argon pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.
Argon Industry Analysis
The global argon industry size reached 9.80 Million Tons in 2024. By 2033, IMARC Group expects the market to reach 12.84 Million Tons, at a projected CAGR of 2.75% during 2025-2033. The market is driven by the rising demand from the electronics sector for semiconductor manufacturing, increased use in welding and metallurgy for steel and automotive industries, expansion of the construction sector in emerging economies, and greater adoption in healthcare for cryogenic applications.
Latest developments in the argon industry:
- June 2025: SOL Group announced the completion and inauguration of its new Air Separation Unit (ASU) at the Ranipet facility in Tamil Nadu, operated by SOL India, a subsidiary of SOL S.p.A. This state-of-the-art plant is designed to produce a wide range of technical, industrial, and medical gases, including argon, as well as ultra-high-purity oxygen and nitrogen for advanced sectors such as semiconductors and renewable energy.
- November 2024: In order to investigate the hydrogen-argon power cycle for net-zero power generation, Wärtsilä joined a new cooperation. The goal of the study is to increase the efficiency of balancing engines by employing argon, a non-toxic ideal gas present in the atmosphere. The Integrated Hydrogen-Argon Power Cycle (iHAPC) consortium, led by the University of Vaasa, oversees the co-innovation initiative in coordination with Business Finland and a wide range of partners.
- September 2024: As part of a long-term agreement with Wanhua Chemical Group (Wanhua), a world-renowned provider of chemically innovative goods, Air Liquide intended to invest around USD 62.59 Million to acquire and run an Air Separation Unit (ASU) in the Chinese city of Yantai. In order to serve the industrial merchant markets in Yantai and the larger Shandong province, Air Liquide will also construct, own, and run a new liquid argon production facility on this ASU. This unit will be built by Air Liquide Engineering & Construction.
- July 2024: With an investment of USD 40.50 Million, Air Liquide India established a manufacturing facility in Mathura, Uttar Pradesh, with the goal of growing its business. The industrial merchant and healthcare industries in Kosi, Mathura, are the focus of this air separation unit. It can produce about 300 tons of medical oxygen and liquid oxygen daily, as well as roughly 45 tons of liquid nitrogen and 12 tons of liquid argon.
- July 2023: Airgas is an Air Liquide company and a prominent supplier of medical, industrial gases, and welding materials in the United States. In order to strengthen the argon supply chain for its clients who leverage argon in multiple applications, the company strategically installed two argon storage nodes.
Product Description
Argon is a colorless, odorless, inert noble gas that constitutes about 0.93% of Earth’s atmosphere. Classified under rare gases, it is chemically non-reactive, making it a critical shielding gas in welding and metallurgical applications. Its unique property of forming a protective atmosphere without reacting with molten metals underpins its importance in steelmaking, aluminum casting, and electronics manufacturing. In the semiconductor sector, argon is used in plasma etching and sputtering processes, while in the medical industry it supports cryosurgery and laser applications. Its non-flammable and inert characteristics enhance performance reliability, cementing argon’s role as an essential industrial gas globally.
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Argon |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Argon Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
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Plan C: Biannually Updates - Annual Subscription
Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of argon pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
- The study examines factors affecting argon price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The argon price charts ensure our clients remain at the forefront of the industry.
Key Questions Answered in This Report
The argon prices in August 2025 were 0.51 USD/Kg in Europe and 0.58 USD/Kg in North America.
The argon pricing data is updated on a monthly basis.
We provide the pricing data primarily in the form of an Excel sheet and a PDF.
Yes, our report includes a forecast for argon prices.
The regions covered include North America, Europe, Asia Pacific, Middle East, and Latin America. Countries can be customized based on the request (additional charges may be applicable).
Yes, we provide both FOB and CIF prices in our report.
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