Argon Prices and Forecasts | Provided by Procurement Resource
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Argon is a chemically inert, colourless, and odourless element, which is used to fill incandescent, fluorescent, and vacuum tubes. Argon is a chemical element with atomic number 18, and its symbol is Ar. It is among the most extensively distributed gases found naturally in the atmosphere, aside from Nitrogen and Oxygen.
The crust is made up of 0.00015 percent argon gas. It has a low thermal conductivity, is not reactive with other chemicals, and only produces a few compounds under extreme circumstances. It is used to make titanium, to cover the weld, and to prevent corrosion in incandescent light bulbs.
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:
Argon lasers are used in the medical field to treat diabetic patients, retinal detachment, and retinal phototherapy. Additionally, they are employed in surgical procedures to remove tumours and join arteries.
Argon cryosurgery is used to chill the cryo-needles used to remove kidney tumours. It also cures other ailments such heart arrhythmias and changes in heartbeat rhythm.
In the food and beverage business, argon is used to replace the air in wine barrels and prevent oxidation and souring.
Along with numerous other purposes, it is also used in the welding and casting industries, particularly in the production of specialty alloys like titanium. The price trend for argon is impacted by all of the aforementioned industrial uses.
Key Market Players:
- Praxair Air
- Messer Group
- American Gas Group
News and Events:
- September 19, 2022: Argon’s price was valued at USD 0.001153 on September 19, 2022, with a USD 85,348.85 24-hour trading volume.
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