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South Korea Neon Gas Market Size, Share, Trends, Growth: By Application: Semiconductor, LCD, Laser, Imaging and Lighting, Others; By End Use: Aerospace and Aircraft, Automotive and Transportation Equipment, Electronics, Healthcare, Others; Market Dynamics: SWOT Analysis; Value Chain Analysis; Competitive Landscape; 2024-2032
South Korea Neon Gas Market Size
The South Korea neon gas market is projected to grow at a CAGR of 5.20% between 2024 and 2032.
South Korea Neon Gas Market Outlook
- As per the report from the Korea Customs Office, the overall import of neon gas reached a volume of 102,782 litres in 2023.
- As per the industry reports in 2022, the semiconductor sector of South Korea is 100 per cent dependent on neon gases.
- SK Hynix Inc. in collaboration with its South Korean partner, TEMC Co., announced in May 2024 that it has developed neon gas recycling technology for the manufacture of chips.
South Korea Neon Gas Market Growth
Growing demand for neon gas from the electronics sector and healthcare sector is one of the major factors influencing the neon gas market growth. In the electronics sector, it is mainly utilised in neon signs to offer eye-catching and vibrant displays, especially for advertising purposes. Meanwhile, in the healthcare sector, it is widely used in neonatal care units to offer optimal breathing support to premature babies dealing with respiratory problems.
The rising usage of neon-based LEDs in the country is due to their lower energy consumption compared to conventional bulbs is another crucial factor propelling the market expansion. These bulbs also offer an increased lifespan, a variety of colours, and high visibility, which makes them a preferable option among customers.
Strategic initiatives by some of the leading technology companies in the country are expected to aid the market development. For instance, Samsung Electronics Co. announced on March 7th, 2024 that it aims to incorporate recycled neon gas in its chip production, in tandem with the sustainability efforts by the companies, for the consumption of resources.
South Korea Neon Gas Industry Segmentation
“South Korea Neon Gas Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Application
- Semiconductor
- LCD
- Laser
- Imaging and Lighting
- Others
Market Breakup by End Use
- Aerospace and Aircraft
- Automotive and Transportation Equipment
- Electronics
- Healthcare
- Others
South Korea Neon Gas Market Share
Healthcare sector is increasingly using neon gas. Neon gases are also finding rising applications in the field of laser technology, particularly in the helium-neon lasers that are largely utilised in medical procedures and scientific research, among others. Moreover, these gases are incorporated in cryogenic applications such as cryosurgery for the removal of tissues as they exhibit favourable properties at low temperatures. This demand is also driven by the advancements in the medical sector as well as the research and development efforts by medical professionals.
Leading Companies in South Korea Neon Gas Market
The market players are increasing their collaboration and research and development activities to gain a competitive edge in the market.
- TEMC Co. Ltd.
- Linde Plc
- Air Products and Chemicals Inc.
- Messer Group GmbH
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by End Use |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Neon Gas Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Neon Gas Historical Market (2018-2023)
8.3 Asia Pacific Neon Gas Market Forecast (2024-2032)
9 South Korea Neon Gas Market Overview
9.1 Key Industry Highlights
9.2 South Korea Neon Gas Historical Market (2018-2023)
9.3 South Korea Neon Gas Market Forecast (2024-2032)
10 South Korea Neon Gas Market by Application
10.1 Semiconductor
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 LCD
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Laser
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Imaging and Lighting
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 South Korea Neon Gas Market by End Use
11.1 Aerospace and Aircraft
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Automotive and Transportation Equipment
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Electronics
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Healthcare
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Value Chain Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 TEMC Co. Ltd.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Linde Plc
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Air Products and Chemicals Inc.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Messer Group GmbH
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Neon Gas Market: Key Industry Highlights, 2018 and 2032
2. South Korea Neon Gas Market: Key Industry Highlights, 2018 and 2032
3. South Korea Neon Gas Historical Market: Breakup by Application (USD Million), 2018-2023
4. South Korea Neon Gas Market Forecast: Breakup by Application (USD Million), 2024-2032
5. South Korea Neon Gas Historical Market: Breakup by End Use (USD Million), 2018-2023
6. South Korea Neon Gas Market Forecast: Breakup by End Use (USD Million), 2024-2032
7. South Korea Neon Gas Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 5.20% between 2024 and 2032.
The market is being driven due to growing demand for neon gas from the electronics and healthcare sector.
The key trends aiding the market include rising applications in the field of laser technology, rising usage of neon-based LEDs in the country, and strategic initiatives by leading technology companies.
Based on application, market segmentations include semiconductor, LCD, laser, and imaging and lighting, among others.
Different end uses are aerospace and aircraft, automotive and transportation equipment, electronics, and healthcare, among others.
The major players in the market are TEMC Co. Ltd., Linde Plc, Air Products and Chemicals Inc., and Messer Group GmbH, among others.
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