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Report Overview
The global neon gas market size attained a value of USD 367.59 Million in 2024. The demand for neon gas for producing semiconductor chips is expected to significantly increase in the forecast period.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
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Ingas and Cryoin, Ukraine-based rare gas producers, supplied around 45% to 50% of the world’s total neon gas for chip manufacturing in 2021.
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For chip production, the global consumption of neon in 2021 reached around 540 metric tons.
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Despite being the fifth most abundant element in the universe, neon gas, in the earth’s atmosphere is only available at a concentration of 18 parts per million.
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Neon is a chemical element that comes under a group known as ‘noble gases’. These are a group of inert gases which are very stable in nature. Neon is a colourless, odourless gas and is found in trace amounts in the atmosphere. It exhibits a distinct orange-red glow when placed in an electric field.
Global Neon Gas Market Size
The global neon gas market attained a value of USD 367.59 million in 2023. The demand for neon gas for producing semiconductor chips is expected to significantly increase in the forecast period.
Key Takeaways
- Ingas and Cryoin, Ukraine-based rare gas producers, supplied around 45% to 50% of the world’s total neon gas for chip manufacturing in 2021.
- For chip production, the global consumption of neon in 2021 reached around 540 metric tons.
- Despite being the fifth most abundant element in the universe, neon gas, in the earth’s atmosphere is only available at a concentration of 18 parts per million.
- Neon is a chemical element that comes under a group known as ‘noble gases’. These are a group of inert gases which are very stable in nature. Neon is a colourless, odourless gas and is found in trace amounts in the atmosphere. It exhibits a distinct orange-red glow when placed in an electric field.
The global neon gas market growth is expected to surge during the forecast period owing to its characteristic ability to produce light and vibrant colours in an electric field. Besides advertising signs and boards, neon gas is used in the making of fog lights due to the ability of neon to produce highly penetrative lasers. Thus, neon gas is seeing increasing consumption in countries with colder climates.
Neon Gas Market Report Snapshots
Neon Gas Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the market attained a value of USD 367.59 Million.
The major drivers of the market include rising disposable incomes, increasing applications in imaging and lighting, and the growing healthcare market.
The key trends in the market are the rapid growth of the semiconductor and consumer electronics sectors and the extensive applications in the aircraft and aerospace sectors.
The major regional markets are North America, Europe, the Asia Pacific, and the rest of the world.
The significant applications of neon gas include semiconductor, LCD, imaging and lighting, and laser, among others.
The different end uses of neon gas include aerospace and aircraft, automotive and transportation equipment, electronics, and healthcare, among others.
Neon is a non-toxic gas owing to its chemically inert nature. It is colourless, odourless, and noncombustible. However, it can act as an asphyxiant if inhaled in large quantities.
The key players in the market are Linde plc, L’Air Liquide S.A. (Air Liquide), Ingas LLC, Cryoin Engineering Ltd., and Messer Group GmbH, among others.
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