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Neon Gas Market

Global Neon Gas Market Size, Share, Trends, Growth, Report: By Application: Semiconductor, LCD, Imaging and Lighting, Laser, Others; By End Use: Aerospace and Aircraft, Automotive and Transportation Equipment, Electronics, Healthcare, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032

Global Neon Gas Market Outlook

The global neon gas market size attained a value of USD 367.59 million in 2023. The demand for neon gas for producing semiconductor chips is expected to significantly increase in the forecast period.

 

Key Takeaways

  • 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.
  • For chip production, the global consumption of neon in 2021 reached around 540 metric tons.
  • 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.
  • 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.

 

The global neon gas market growth is expected to surge during the forecast period owing to its characteristic ability to produce light and vibrant colours in an electric field. Besides advertising signs and boards, neon gas is used in the making of fog lights due to the ability of neon to produce highly penetrative lasers. Thus, neon gas is seeing increasing consumption in countries with colder climates.

 

Global Neon Gas Market

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Key Trends and Developments

Increasing implementation in scanning technologies; growing adoption in cryogenic applications; increasing demand from the semiconductor sector; and the rising emphasis on neon gas recycling are positively impacting the neon gas market expansion

 

Date Company Event
December 27, 2023 POSCO Holdings Entered into a partnership with a Chinese firm for the construction of a rare gas plant with an annual capacity of 130,000 normal cubic meters in South Korea
December 05, 2023 EFC Gases & Advanced Materials Introduced its neon gas recycling system
November 10, 2022 Taiwan Semiconductor Manufacturing Co. Focusing on local sourcing of neon gas through collaboration with local suppliers
October 7, 2022 SK Hynix Secured neon gas sourcing through local suppliers and utilises it for 40% of chip productions

 

 

Topic Description
Growing utilisation of neon gas in laser sensors and barcode scanners Owing to its ability to emit intense and stable light when discharged through a tube, neon gas has found extensive application in laser sensors and barcode scanners.
Increasing use in cryogenic applications Neon gas has found rising applications in cryogenics due to it being a stable and unreactive element and having a very low boiling point.
Rising demand from the semiconductor sector Increasing demand for high-performance chips is propelling the neon gas market expansion as the element plays a crucial role in lithography processes.
Rapid advancements in recycling technologies With the limited amount of neon gas available in our atmosphere, companies are increasingly investing in technologies for efficient neon gas recycling.

 

Global Neon Gas Market Trends

The market is developing at a steady rate with the increasing focus of companies on sustainability and the development of new practices to tackle environmental issues. This includes efforts to minimise energy consumption in production processes, investments in renewable energy sources, and implementation of recycling programmes.

 

Companies in the neon gas market are looking at strategic acquisitions and partnerships to develop. Acquiring smaller players or forming partnerships can help companies access new technologies, markets, and supply sources more quickly than organic growth would allow. Moreover, companies are also diversifying their market focus to explore new applications in healthcare, renewable energy, and aerospace. This diversification helps to stabilise revenue streams and reduce dependency on any single industry.

 

Global Neon Gas Market By Type

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Market Segmentation

“Global Neon Gas Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

 

Market Breakup Categories
Application Semiconductor, LCD, Imaging and Lighting, Laser, Others
End-Use Aerospace and Aircraft, Automotive and Transportation Equipment, Electronics, Healthcare, Others
Region North America, Europe, Asia Pacific, and rest of the world

 

The increasing demand for high-performance semiconductors is expected to propel the market

Semiconductor manufacturing is expected to dominate the neon gas market share in the coming years. Neon gas is a key component in the lithography process used in semiconductor manufacturing. It is mixed with other gases, such as fluorine or argon, to create an excimer laser gas mixture. This mixture is then used in excimer lasers to project ultraviolet light onto silicon wafers, allowing for precise etching of intricate patterns onto the surface. Moreover, neon gas offers exceptional purity and stability, which are essential for ensuring the precision and reliability of the lithography process.

 

Meanwhile, neon gas is used in the backlighting systems of LCD panels. In traditional LCD technology, neon-filled fluorescent tubes are employed as the light source behind the liquid crystal layer.

 

Extensive utilisation of lasers in various medical applications is expected to propel the neon gas market in the coming years

Neon gas is valued for its unique combination of chemical inertness, electrical conductivity, and optical properties. Neon gas lasers are used in various medical applications, including dermatology and minor surgical procedures, where their precise energy delivery can be directed for treatments with minimal invasive impact. Additionally, neon's properties can enhance the performance of some medical imaging technologies, contributing to clearer, more precise diagnostic capabilities.

 

Meanwhile, aerospace and aircraft, and automobile and transportation extensively utilise neon for both interior and exterior lights. In the aerospace sector, it is used owing to its reliability and ability to operate under low temperatures and pressure conditions found at high altitudes.

 

Global Neon Gas Market By Region

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Competitive Landscape

Some of the major players in the market are increasingly investing in neon recycling technology and manufacturing facilities to diversify sources:

 

Company Year Established Headquarters Description
Linde plc 1879 United Kingdom A global leader in industrial gases and engineering
L’Air Liquide S.A. (Air Liquide) 1902 France Renowned for its expertise in gases, technologies, and services for industry and health
Ingas LLC 1994 Ukraine Specialises in the production and supply of high-purity inert gases, calibration and technical gas mixtures
Cryoin Engineering Ltd. 2013 Ukraine A key player in the rare gases market, dedicated to the separation, purification, and liquefaction of neon, argon, and other gases

 

Other key players in the global neon gas market are Messer Group GmbH and others.

 

Companies in the neon gas market are increasingly investing in the development of neon gas manufacturing facilities to diversify supply sources. Given the concentration of neon production in politically sensitive regions, companies are increasingly focused on exploring alternative sources. This includes establishing production facilities in regions with stable political climates and developing partnerships with local suppliers to ensure a more reliable supply of neon gas.

 

Global Neon Gas Market Analysis by Region

The Asia Pacific is expected to account for a major portion of the neon gas market share in the coming years owing to its expansive and rapidly developing electronics and semiconductor manufacturing sector.

 

Countries like China, South Korea, and Taiwan host some of the world's largest and most advanced semiconductor fabrication plants, which require large volumes of neon gas for the lithography process used in chip manufacturing. Additionally, the region's expanding electronics manufacturing sector further boosts demand for neon gas.

 

Meanwhile, North America is expected to have a strong position in the market owing to its strong base in semiconductor manufacturing. Europe is also likely to experience significant growth during the forecast period owing to its expanding semiconductor manufacturing capabilities.

 

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:

  • Application
  • End Use
  • Region
Breakup by Application
  • Semiconductor
  • LCD
  • Imaging and Lighting
  • Laser
  • Others
Breakup by End Use
  • Aerospace and Aircraft
  • Automotive and Transportation Equipment
  • Electronics
  • Healthcare
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • The Netherlands
    • Others
  • Asia Pacific
    • China
    • Japan
    • Korea
    • Taiwan
    • Others
  • Rest of the World
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Linde plc
  • L’Air Liquide S.A. (Air Liquide)
  • Ingas LLC
  • Cryoin Engineering Ltd.
  • Messer Group GmbH
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

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Neon Gas Market Report Snapshots

Neon Gas Market Size

Neon Gas Market Trends

Neon Gas Companies

Neon Gas Market Regional Analysis

 

*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.

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
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Neon Gas Market Analysis

    8.1    Key Industry Highlights by Volume
    8.2    Global Neon Gas Historical Market by Volume (2018-2023) 
    8.3    Global Neon Gas Market Forecast by Volume (2024-2032)
    8.4    Key Industry Highlights by Value
    8.5    Global Neon Gas Historical Market by Value (2018-2023) 
    8.6    Global Neon Gas Market Forecast by Value (2024-2032)
    8.7    Global Neon Gas Market by Application
        8.7.1    Semiconductor
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    LCD
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Imaging and Lighting
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Laser
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Others
    8.8    Global Neon Gas Market by End Use
        8.8.1    Aerospace and Aircraft
            8.8.1.1    Historical Trend (2018-2023)
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Automotive and Transportation Equipment
            8.8.2.1    Historical Trend (2018-2023)
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Electronics
            8.8.3.1    Historical Trend (2018-2023)
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Healthcare
            8.8.4.1    Historical Trend (2018-2023)
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Others
    8.9    Global Neon Gas Market by Region
        8.9.1    North America
        8.9.2    Europe
        8.9.3    Asia Pacific
        8.9.4    Rest of the World
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    The Netherlands
            9.2.3.4    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2018-2023)
        9.3.2    Forecast Trend (2024-2032)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    Korea
            9.3.3.4    Taiwan
            9.3.3.5    Others
    9.4    Rest of the World
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Price Analysis
    11.1    North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    11.2    Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
    11.3    Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
12    Competitive Landscape
    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Linde plc
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    L’Air Liquide S.A. (Air Liquide)
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Ingas LLC
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Cryoin Engineering Ltd.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Messer Group GmbH
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Neon Gas Market: Key Industry Highlights by Volume, 2018 and 2032
2.    Global Neon Gas Market: Key Industry Highlights by Value, 2018 and 2032
3.    Global Neon Gas Historical Market: Breakup by Application (USD Million), 2018-2023
4.    Global Neon Gas Market Forecast: Breakup by Application (USD Million), 2024-2032
5.    Global Neon Gas Historical Market: Breakup by End Use (USD Million), 2018-2023
6.    Global Neon Gas Market Forecast: Breakup by End Use (USD Million), 2024-2032
7.    Global Neon Gas Historical Market: Breakup by Region (USD Million), 2018-2023
8.    Global Neon Gas Market Forecast: Breakup by Region (USD Million), 2024-2032
9.    North America Neon Gas Historical Market: Breakup by Country (USD Million), 2018-2023
10.    North America Neon Gas Market Forecast: Breakup by Country (USD Million), 2024-2032
11.    Europe Neon Gas Historical Market: Breakup by Country (USD Million), 2018-2023
12.    Europe Neon Gas Market Forecast: Breakup by Country (USD Million), 2024-2032
13.    Asia Pacific Neon Gas Historical Market: Breakup by Country (USD Million), 2018-2023
14.    Asia Pacific Neon Gas Market Forecast: Breakup by Country (USD Million), 2024-2032
15.    Neon Historical Price Trends and Forecast 2018-2032
16.    Global Neon Gas Market Structure

Key Questions Answered in the Report

In 2023, the market attained a value of USD 367.59 million.

The major drivers of 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., and Messer Group GmbH, among others.

Analyst Review

The global neon gas market attained a value of USD 367.59 million in 2023. The market is expected to be driven by the growing demand for chip manufacturing in the semiconductor industry. 

 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its application, the global neon gas market can be segmented into semiconductor, LCD, imaging and lighting, and laser, among others. On the basis of end use, the end use the market can be divided into aerospace and aircraft, automotive and transportation equipment, electronics, and healthcare, among others. The major regional markets for neon gas are North America, Europe, the Asia Pacific, and the rest of the world. The key players in the above market include Linde plc, L’Air Liquide S.A. (Air Liquide), Ingas LLC, Cryoin Engineering Ltd., Messer Group GmbH, among others.

 

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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