The Argon market in France has seen a fluctuating pattern from 2013 to 2023, with the value expressed in Million Euros. After a notable decrease from 2013 to 2016, there was a rebound in 2017 which peaked in 2018. The market value corrected downwards post-2018, maintaining a declining trend, hitting 137.83 million euros in 2023. Year-on-year variations reveal minor declines over the last couple of years, while the compound annual growth rate (CAGR) over the last 5 years is negative at -2.21%.
Future trends to watch for:
- Potential recovery driven by shifts toward cleaner technologies where argon is used.
- Market development influenced by innovations in industrial gas applications and increasing automation trends.
- Economic factors and regulatory policies could further impact market dynamics.
How does France rank in Argon Market Size Value?
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 137,830,000 | 2023 | -0.97% | -2.21% | |
| 2 | 2 Spain | 129,800,000 | 2023 | +2.99% | +1.58% | View data |
| 3 | 3 Germany | 99,965,000 | 2023 | +0.14% | -1.73% | View data |
| 4 | 4 Poland | 82,356,000 | 2023 | +4.69% | +4.39% | View data |
| 5 | 5 Hungary | 47,723,000 | 2023 | +5.47% | +6.82% | View data |
