The neon gas market is driven by the growing demand for excimer lasers for LASIK eye surgery and semiconductor demand for consumer goods. The gas is the largest component in excimer laser gas mixtures that generate laser light enabling precise photolithography and controlled annealing of polysilicon films for flat panel displays and semiconductors. Further, since excimer lasers do not cause scarring of the eye during surgeries, they are gaining popularity in LASIK eye surgeries.
The Asia Pacific is anticipated to hold a significant share of the market owing to expanding semiconductor manufacturing in the region. It accounts for around 75% of semiconductor manufacturing capacity and is home to several suppliers of key materials such as silicon wafers, photoresists, and other speciality chemicals, especially in China and East Asia. As the demand for semiconductors increases from various sectors, such as consumer electronics, automotive and transportation, it aids the demand for neon gas. Rising investments in the development of new manufacturing plants is expected to favour the demand for neon gas.
For instance, in September 2023, China announced the launch of a new state-backed investment fund to raise about USD 40 billion for its semiconductor sector to achieve self-sufficiency in semiconductors. In another case, in February 2023, Taiwan Semiconductor Manufacturing Co (NYSE: TSM) announced its plans to construct a second chip plant in Japan to produce 5 and 10 nanometers chips in the second half of the decade. The project is expected to help Japan meet the rising demand for semiconductors driven by rapid digitalisation globally.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The major players in the global neon gas market are Linde plc, L’Air Liquide S.A. (Air Liquide), Ingas LLC, Cryoin Engineering Ltd., and Messer Group GmbH, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
|Scope of the Report||
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Application||
|Breakup by End Use||
|Breakup by Region||
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.