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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.
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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.
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 market is developing at a steady rate with the increasing focus of companies on sustainability and the development of new practices to tackle environmental issues. This includes efforts to minimise energy consumption in production processes, investments in renewable energy sources, and implementation of recycling programmes.
Companies in the neon gas market are looking at strategic acquisitions and partnerships to develop. Acquiring smaller players or forming partnerships can help companies access new technologies, markets, and supply sources more quickly than organic growth would allow. Moreover, companies are also diversifying their market focus to explore new applications in healthcare, renewable energy, and aerospace. This diversification helps to stabilise revenue streams and reduce dependency on any single industry.
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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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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124