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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Neon Gas Market Analysis by Region
The Asia Pacific is expected to account for a major portion of the neon gas market share in the coming years owing to its expansive and rapidly developing electronics and semiconductor manufacturing sector.
Countries like China, South Korea, and Taiwan host some of the world's largest and most advanced semiconductor fabrication plants, which require large volumes of neon gas for the lithography process used in chip manufacturing. Additionally, the region's expanding electronics manufacturing sector further boosts demand for neon gas.
Meanwhile, North America is expected to have a strong position in the market owing to its strong base in semiconductor manufacturing. Europe is also likely to experience significant growth during the forecast period owing to its expanding semiconductor manufacturing capabilities.
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 2023, 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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