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Report Overview
The global neon gas market attained a value of USD 395.17 Million in 2025. The market is further expected to grow in the forecast period of 2026-2035 at a CAGR of 7.50%, to reach USD 814.46 Million by 2035.
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.
2025
Base Year
2019-2025
Historical Period
2026-2035
Forecast Period
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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.
Key Neon Gas Companies Insights
Major neon gas suppliers are fulfilling the increasing demand in a wide range of industries, from semiconductor production to medical imaging and telecommunications. These companies ensure a supply of high-purity neon gas as the pipeline suffers from supply chain issues and work on extraction technologies. These top firms are expanding their production capacities with a focus on quality control as well as innovative solutions to meet the diverse demands of various sectors across the globe by adopting alternative sources.
Key Neon Gas Companies
- 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
- Electronic Fluorocarbons LLC
- Others
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 2025, the neon gas market reached an approximate value of USD 395.17 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 2026-2035.
The market is projected to grow at a CAGR of 7.50% between 2026 and 2035.
The market is estimated to witness healthy growth in the forecast period of 2026-2035 to reach a value of around USD 814.46 Million by 2035.
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