Argon is an odourless, colourless, and chemically inert element. It has the atomic number 18 and is represented by the symbol Ar. Together with nitrogen and oxygen, it is one of the naturally occurring gases with the greatest range of distribution.
0.00015 percent of the earth’s crust’s composition is argon gas. It doesn’t react with other chemicals, has limited thermal conductivity, and only produces a small number of compounds under extreme conditions.
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It is employed in the production of titanium, and in the preservation of incandescent light bulbs from corrosion.
The leading Argon-producing countries are Germany, Belgium, Netherlands, China, European Union.
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 trends, pricing database, and analysis can prove valuable for 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:
For the treatment of diabetic patients, retinal detachment, and retinal phototherapy, argon lasers find its vital application in the healthcare sector. They are also used during surgical treatments to connect arteries and remove tumours.
The cryo-needles used in kidney tumour removal are cooled using argon cryosurgery. It also treats other conditions like heart arrhythmias and irregular heartbeats.
It is also used in the food and beverage industry to replace the air in wine barrels and stop oxidation and souring.
It is also used for a variety of other things, particularly in the creation of specialised alloys like titanium, and in the welding and casting industries. All of the aforementioned industrial uses have an effect on the price trend for argon.
Key Market Players:
- BASF
- Eurochem
- Praxair Air
- Messer Group
- American Gas Group
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