Bio-lubricants Market End-use Industry, By Others
Global Gas and Liquid Argon market [2016-2023] Europe by End-Use Industry
By End-Use Industry, the market is segmented into Europe, Germany, Spain, France, United Kingdom, Italy, Poland, Russian Federation, and Rest of Europe (2016-2023)
| Label | Europe | Germany | Spain | France | United Kingdom | Italy | Poland | Russian Federation | Rest of Europe |
|---|---|---|---|---|---|---|---|---|---|
| 2016 | 59.35 USD Mn | 18.36 USD Mn | 3.69 USD Mn | 10.86 USD Mn | 8.76 USD Mn | 6.59 USD Mn | 2.26 USD Mn | 6.10 USD Mn | 2.73 USD Mn |
| 2017 | 61.34 USD Mn | 19.11 USD Mn | 3.83 USD Mn | 11.26 USD Mn | 8.94 USD Mn | 6.81 USD Mn | 2.34 USD Mn | 6.27 USD Mn | 2.79 USD Mn |
| 2018 | 63.26 USD Mn | 19.85 USD Mn | 3.97 USD Mn | 11.65 USD Mn | 9.10 USD Mn | 7.02 USD Mn | 2.41 USD Mn | 6.43 USD Mn | 2.84 USD Mn |
| 2019 | 66.01 USD Mn | 20.86 USD Mn | 4.17 USD Mn | 12.19 USD Mn | 9.38 USD Mn | 7.32 USD Mn | 2.51 USD Mn | 6.67 USD Mn | 2.92 USD Mn |
| 2020 | 68.86 USD Mn | 21.91 USD Mn | 4.37 USD Mn | 12.75 USD Mn | 9.66 USD Mn | 7.63 USD Mn | 2.62 USD Mn | 6.92 USD Mn | 3.00 USD Mn |
| 2021 | 71.76 USD Mn | 23.00 USD Mn | 4.58 USD Mn | 13.33 USD Mn | 9.94 USD Mn | 7.95 USD Mn | 2.73 USD Mn | 7.17 USD Mn | 3.07 USD Mn |
| 2022 | 75.05 USD Mn | 24.22 USD Mn | 4.81 USD Mn | 13.98 USD Mn | 10.26 USD Mn | 8.31 USD Mn | 2.85 USD Mn | 7.46 USD Mn | 3.15 USD Mn |
| 2023 | 78.15 USD Mn | 25.40 USD Mn | 5.04 USD Mn | 14.61 USD Mn | 10.55 USD Mn | 8.65 USD Mn | 2.97 USD Mn | 7.72 USD Mn | 3.22 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
Germany accounted for the largest market share in 2017 in the Europe gas and liquid argon market, and is expected to reach USD 25.40 Million in 2023 from USD 19.11 Million in 2017.This market is projected to grow at a CAGR of 5.05% during the forecast period from 2018 - 2023. gas segment accounted for the larger market share in 2017, this market is expected to reach USD 58.95 Million in 2023 from USD 45.58 Million in 2017. This market is projected to grow at a CAGR of 4.59% during the forecast period from 2018 - 2023. cooling segment accounted for the largest market share in 2017, this market is expected to reach USD 40.99 Million in 2023 from USD 31.93 Million in 2017. This market is projected to grow at a CAGR of 4.45% during the forecast period from 2018 - 2023. However, insulation segment is the fastest growing market, which is expected to grow at a CAGR of 4.71% during the forecast period 2018 - 2023. ar co2 segment accounted for the largest market share in 2017, this market is expected to reach USD 36.34 Million in 2023 from USD 28.78 Million in 2017.
This market is projected to grow at a CAGR of 4.16% during the forecast period from 2018 - 2023. However, ar he segment is the fastest growing market, which is expected to grow at a CAGR of 5.10% during the forecast period 2018 - 2023. welding and metal fabrication segment accounted for the largest market share in 2017, this market is expected to reach USD 32.80 Million in 2023 from USD 26.06 Million in 2017. This market is projected to grow at a CAGR of 4.11% during the forecast period from 2018 - 2023. However, healthcare segment is the fastest growing market, which is expected to grow at a CAGR of 5.14% during the forecast period 2018 - 2023.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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