The forecast for argon and hydrogen sales in the US indicates a decreasing trend over the upcoming years from 2024 through 2028, starting at 1.3806 billion USD in 2024 and declining to 1.256 billion USD in 2028. Year-over-year changes reveal a consistent decline, with an average decreasing Compound Annual Growth Rate (CAGR). In 2023, the argon and hydrogen market stood at 1.412 billion USD, indicating that the industry had peaked and began contracting.
Future trends to monitor include technological advancements in applications of argon and hydrogen, changing industrial demand, environmental policies promoting clean energy, and economic factors influencing market growth. These factors will play critical roles in shaping the market landscape and potentially reversing the current decline in sales.
