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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. The market for neon gas is highly significant, as it supports a high-tech industries, especially in semiconductor manufacturing, excimer lasers and lithography. Due to its essential role in the fabrication of microchips and its use in different laser technologies, neon gas is the basic component of technological processes used in consumer electronics, telecommunication, and healthcare technology. As several new applications for neon emerged in industries from consumer electronics to the automotive and healthcare sectors, the demand for neon has continued to increase against a backdrop of growing production due to the emergence of 5G networks and electric vehicles and unreliable supply from the former Soviet Union due to the invasion of Ukraine.
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.
Regional Insights
North America Neon Gas Market
The neon gas market in North America, particularly in the United States is on a steady rise, with demand coming from high-tech industries including semiconductor manufacturing, medical imaging, and lasers. New demand for ultra-pure neon gas comes from the growing data centers, 5G infrastructure and consumer electronics sectors. Thus, market growth is also fueled by the technological developments and increased use of neon in AI and IoT applications.
Europe Neon Gas Market Trends
D helium backfill as a major factor driving the growth of the neon gas market in Europe. Demand for neon gas used in lasers, lithography and microchip production is driving growth. The Rollout of 5G Networks and emerging next generation technologies are other factors that are driving the market growth.
In the UK, the neon gas market is influenced by its robust industrial sectors, including electronics, healthcare, and aerospace. Demand for high-purity neon for semiconductor production and medical imaging is on the rise, supporting the continued growth of the market.
Asia Pacific Neon Gas Market Trends
The Asia Pacific region's neon gas market is dominated by China, due to the scale of its semiconductor manufacturing and electronics industries. The country’s inroads into rapidly expanding technology sectors, specifically AI, 5G and automotive, are driving neon demand. The continued investment in industrial applications ensures a steady supply of neon gas.
Latin America Neon Gas Market Trends
One of the factors contributing to Latin American neon gas market expansion is the increasing electronics and automotive sector. Demand for high-purity neon is being driven by increased investment in telecommunications and medical technologies. The increase in the end-user industries within the region is bolstering the increased utilization of neon gas for several applications.
Neon Gas Market Report Snapshots
*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 demand in 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., Messer Group GmbH, Matheson Tri-Gas, Inc, Taiyo Nippon Sanso Corporation, Air Products, Iceblick Ltd, Airgas, Inc., Proton Gases, Universal Industrial Gases, Inc, and Electronic Fluorocarbons LLC, among others.
The forecast period for the global neon gas market is from 2025-2034.
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