The latest report titled “Argon manufacturing” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the manufacturing process of Argon.
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, manufacturing cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the manufacturing process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry, including Argon manufacturing process, that might influence Argon manufacturing cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Product Definition:
Argon is a chemical element with the symbol Ar and atomic number 18. It is a noble gas and is the third-most abundant gas in the Earth’s atmosphere, comprising about 0.93% of the atmosphere by volume. Argon is a colorless, odorless, and tasteless gas that is non-flammable and non-toxic.
It has a boiling point of -185.7 °C (-302.3 °F) and a melting point of -189.3 °C (-308.7 °F). It is a dense gas and is insoluble in water and other liquids owning to its inertness and unreactivity. It has three stable isotopes, with mass numbers of 36, 38, and 40. The most abundant isotope is argon-40, which makes up 99.6% of natural argon.
Market Drivers:
Argon is used in various industries, including steel production, electronics manufacturing, and welding. It is widely used in welding applications, particularly for welding stainless steel, aluminum, and other non-ferrous metals. The growing demand for welding in various industries is expected to drive the demand for argon. It is also used to produce electronic components such as semiconductors, plasma displays, and LCDs.
Many countries have regulations that require the use of argon in certain industries, such as food packaging and medical applications. These regulations are expected to drive the demand for argon. The electronics sector employs argon gas extensively for semiconductors, flat panels, solar PV cells, and microelectronic devices because it offers the inert atmosphere necessary for the quick cooling and heating of materials. These regulations are expected to drive the demand for argon.
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