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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.
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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.
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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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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