The Argon market in Portugal has experienced fluctuations over the past decade, reaching 6.4639 million cubic meters in 2023. From a high in 2014, the market saw significant declines, notably between 2016 and 2017, followed by a slight recovery phase until 2019. The last five years show a continuous downward trend, with a compound annual growth rate (CAGR) of -3.11% indicating a persistent decline from 2019 to 2023.

Future trends to watch for:

Technological advances in production and recycling could impact supply levels.
Developments in sectors such as electronics and healthcare may drive demand fluctuations.
Environmental and regulatory changes could influence Argon usage and sourcing.