Neon Market Set to Surge - Key Insights You Must Know

Neon Market Size

The global market for Neon was valued at US$ 686 million in the year 2024 and is projected to reach a revised size of US$ 747 million by 2031, growing at a CAGR of 1.3% during the forecast period.

Global top 5 manufacturers of neon occupied for a share nearly 70 percent, key players are Ingas, Linde, Air Liquide, and Air Products, etc. Asia Pacific is the largest producer of neon, holds a share almost 65%, followed by North America and Europe. Segment by type, the neon can be split into 5N, etc. And in terms of application, the largest application is semiconductor, followed by laser.

Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-29S2815/COVID_19_Impact_on_Global_Neon_Market_Insights_and_Forecast_to_2026

The global neon market is experiencing steady growth, driven by several key trends. One of the most prominent trends is the increasing demand for neon in semiconductor manufacturing. Neon gas is a critical component in the production of high-performance microchips, used in advanced technologies like smartphones, computers, and automotive electronics. As the demand for electronics continues to rise, particularly with the expansion of 5G technology and the Internet of Things (IoT), the need for neon in the semiconductor industry is expected to grow significantly. Additionally, neon's role in excimer lasers for lithography further strengthens its relevance in this field.

Another key driver of the neon market is the rise in demand for medical imaging technologies. Neon is used in a variety of medical applications, including imaging devices such as MRI machines, where it plays a role in the development of high-resolution imaging techniques. As healthcare infrastructure expands globally and the need for more advanced diagnostic tools grows, the neon market benefits from this expanding application. Moreover, neon's applications in cryogenics, particularly in superconducting magnets used in healthcare and research, further bolster market growth.

However, the market faces certain challenges, such as the limited global supply of neon, primarily concentrated in a few countries, including Ukraine and Russia. The geopolitical tensions in these regions have led to supply disruptions, creating volatility in the market. This has spurred efforts to diversify neon sourcing and invest in recycling technologies to recover neon from industrial processes. As industries grow more dependent on neon, ensuring a stable and diversified supply chain will be critical for future market stability.

By Type
• 5N

By Application
• Semiconductor
• Laser
• Fluorescent Light Bulbs
• Signage

Key Companies
Ingas, Cryoin, Linde, Air Liquide, Air Products, Messer, Hunan KMT, Huate Gas, Sumitomo Seika

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-29S2815/covid-19-impact-on-global-neon

Email Id:
Please reach us at sales@valuates.com

Address:
Valuates,
4th Floor,
Balaraj's Arcade,
Whitefield Main road,
Bangalore 560066

Valuates offers an extensive collection of market research reports that helps companies to take intelligent strategical decisions based on current and forecasted Market trends.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detail research methodology employed to generate the report, Please also reach to our sales team to get the complete list of our data sources

This release was published on openPR.