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Neon Gas Market Trends

  • Report ID: GMI10500
  • Published Date: Jul 2024
  • Report Format: PDF

Neon Gas Market Trends

An emergent trend in the neon gas industry is the rising adoption of advanced semiconductor manufacturing technologies, particularly extreme ultraviolet (EUV) lithography. This cutting-edge technology, essential for producing smaller, more efficient microchips, relies heavily on high-purity neon gas for excimer lasers. As industries such as artificial intelligence (AI), Internet of Things (IoT), and autonomous vehicles continue to expand, the demand for advanced semiconductors—and consequently, neon gas—is surging. Additionally, the increasing need for data centers and 5G infrastructure further drives this demand. To address potential supply chain disruptions, significant investments are being made in diversifying neon production sources and enhancing recycling capabilities. This ensures a stable supply of neon, thereby supporting the sustained growth of high-tech industries. Moreover, geopolitical factors, such as the concentration of neon production in Ukraine and Russia, are prompting global efforts to secure alternative production channels, which are crucial for maintaining the momentum of growth in the market.

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for neon gas was USD 23.9 billion in 2023 and is expected to register over 7.3% CAGR from 2024-2032 owing its essential role in various high-tech industries worldwide.

Neon gas industry from the cylinders segment is expected to reach over USD 17.1 billion by 2032 due to their flexibility and efficiency in delivering high-purity neon for diverse applications, including semiconductor manufacturing, lasers, and electronics.

Asia Pacific industry is expected to reach USD 8.9 billion by 2032 due to the presence of semiconductor manufacturing, electronics production, and technology innovation in the region.

Air Liquide, Linde PLC, Messer Group GmbH, Matheson Tri-Gas, Inc, Taiyo Nippon Sanso Corporation, Air Products, Iceblick Ltd, Airgas, Inc., Ingas, Proton Gases, Universal Industrial Gases, Inc, and Electronic Fluorocarbons LLC, are some of the major neon gas companies worldwide.

Neon Gas Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 532
  • Countries covered: 21
  • Pages: 300
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