Between 2013 and 2023, the Argon market in Belgium experienced fluctuations in value, reaching 34.931 million euros by 2023. Year-on-year growth shows significant variability, with notable declines in 2017 and 2019 but substantial growth in 2018 and 2022. The compound annual growth rate over the last five years is modest, standing at 0.26%, indicating a relatively stable but slow growth phase.
Future trends to watch for in the Argon market include:
- Technological advancements driving new applications for Argon in industries like electronics and manufacturing.
- Potential impacts of environmental regulations affecting production and usage patterns.
- Economic influences on industrial demand as major contributors to Argon consumption.
How does Belgium 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% | View data |
| 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 |
| 6 | 6 Belgium | 34,931,000 | 2023 | +1.34% | +0.26% | |
| 7 | 7 Portugal | 20,647,000 | 2023 | +10.94% | +8.49% | View data |
| 8 | 8 Greece | 5,294,900 | 2023 | -2.76% | +0.71% | View data |
