Neon Gas Market Report 2024 (Global Edition)

Global Neon Gas Market Report 2024 Market Size Split by Type (Low purity, High purity, Ultra- high purity), by Application (Lighting and Imaging, Cryogenics, Television Tubes & Wave Meter Tubes, Laser...

Neon Gas Market Report Description

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Neon Gas Market Insights Video

Competitive Landscape of the Neon Gas Market

To gain a competitive advantage and acquire a considerable market share, the leading competitors rapidly invent new strategies. To serve a vast consumer base and obtain a competitive advantage, major neon gas market competitors focus on growing creative products.

• July 2018, following the signing of multiple new multi-year contracts worth more than €50 million, Air Liquide began selling rare gas to the semiconductor and satellite industries in three regions: Europe, North America, and Asia.

(Source:www.airliquide.com/group/press-releases-news/2018-07-10/new-xenon-and-krypton-contracts-space-and-electronics-customers)

Top Companies Market Share in Neon Gas Industry: (In no particular order of Rank)

• Air Liquide
• Linde group
• Parxair
• Messer group
• Iceblick
• Air products
• Air Water
• Core gas
• Wuhan Steel Group
• INGAS
• Airgas
• Matheson Tri-gas
• Axcel Gases
• Proton Gases
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Asia Pacific dominated the market in 2023 and accounted for around 35% of the global revenue

According to Cognitive Market Research, Asia Pacific dominated the market in 2023 and accounted for around 35% of the global revenue. The region's developing industrial and technical landscape, combined with rising demand for advanced lighting and imaging technologies, drives neon gas usage. Rising urbanization, infrastructural development, and the expansion of the electronics sector all contribute to Asia Pacific's vital role in driving market expansion and addressing neon gas's numerous applications.

North America is the fastest-growing category. The growing demand for neon gas in the region is being driven by its applications in a variety of industries, including electronics, lighting, and healthcare. Technological advances and a growing industrial sector drive the market's expansion. As North America continues to promote innovation and diversified applications, it plays an important role in influencing the direction of the neon gas market.

The current report Scope analyzes Neon Gas Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

rohit Neon Gas

According to Cognitive Market Research, Latin America accounted for more than 5% of the global neon gas revenue in 2023 with a market size of USD 0.01 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2023 to 2030 The region is seeing an increase in demand for neon gas applications in a variety of industries, including signage, lighting, and medical diagnostics. The significance of neon gas in increasing visual aesthetics through neon signage is a prominent segment in Latin America's neon gas business, contributing to the region's bright urban environments. The neon gas market flourishes as a sign of creativity and diversity as Latin America continues to experience economic expansion and technical improvement. Finally, Latin America's growing acceptance of neon gas applications highlights the region's role as a significant players in determining the market's trajectory, satisfying the developing needs of numerous industries, and providing a vivid dimension to the regional visual identity.

North America Neon Gas Market

According to Cognitive Market Research, North America held the major market of more than 30% of the global revenue with a market size of USD 0.08 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2023 to 2030 North America is a prominent player in the volatile neon gas industry, with a broad environment and applications. The powerful industrial sector of the region, together with technological improvements, adds to the market's continuous growth. Neon gas has numerous applications in lighting, healthcare, and electronics, ranging from neon signs to diagnostic imaging. As the demand for efficient and versatile gases grows, North America continues to promote innovation and acceptance in order to fulfill the changing needs of industries. Finally, North America's dominant position in the neon gas industry is defined by a combination of technological strength, industrial uses, and a commitment to advance varied industries through the versatile use of neon gas.

Europe Neon Gas Market

According to Cognitive Market Research, with a market value of USD 0.07 billion in 2023 and projected to expand at a compound annual growth rate (CAGR) of 6.2% from 2023 to 2030, Europe accounted for the majority of global revenue, accounting for over 28% of the total Europe emerges as a key player in the developing neon gas market, characterized by a convergence of industrial prowess and technological innovation. The region's dedication to sustainability is in sync with the growing demand for neon in energy-efficient lighting solutions, which is driving market expansion. The applications of neon gas in medical imaging, where the gas plays an important part in many diagnostic processes, are a key segment of Europe's neon gas market. As Europe continues to strike a balance between industrial needs and environmental concerns, the neon gas industry develops, demonstrating the region's dedication to cutting-edge technologies and various uses. Finally, Europe's strategic position and emphasis on sustainable innovation move the neon gas market forward, influencing the industry's trajectory and satisfying the changing demands of diverse industries. 

Asia Pacific Neon Gas Market

According to Cognitive Market Research, Asia Pacific held a considerable market share in 2023, accounting for more than 35% of the global revenue with a market size of USD 0.09 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2023 to 2030 Asia Pacific is emerging as a dynamic and powerful participant in the neon gas market, owing to a thriving industrial landscape and a spike in technical breakthroughs. The region's considerable use of neon gas ranges from lighting and electronics to healthcare. With growing urbanization and a thriving electronics sector, Asia Pacific is a strong market for neon gas. Notably, the demand for neon in advanced lighting technologies is a prominent area within this market, driven by the region's emphasis on energy efficiency and novel illumination solutions. Finally, Asia Pacific's vital role in the neon gas market is highlighted by its strategic acceptance of technical breakthroughs, which contributes to the overall growth, versatility, and adaptability of neon gas across a wide range of applications.

South America Neon Gas Market

According to Cognitive Market Research, Latin America accounted for more than 5% of the global neon gas revenue in 2023 with a market size of USD 0.01 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2023 to 2030 The region is seeing an increase in demand for neon gas applications in a variety of industries, including signage, lighting, and medical diagnostics. The significance of neon gas in increasing visual aesthetics through neon signage is a prominent segment in Latin America's neon gas business, contributing to the region's bright urban environments. The neon gas market flourishes as a sign of creativity and diversity as Latin America continues to experience economic expansion and technical improvement. Finally, Latin America's growing acceptance of neon gas applications highlights the region's role as a significant players in determining the market's trajectory, satisfying the developing needs of numerous industries, and providing a vivid dimension to the regional visual identity.

Middle East and Africa Neon Gas Market

According to Cognitive Market Research, the Middle East and Africa accounted for more than 2% of the global revenue in 2023 with a market size of USD 0.01 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 7.1% from 2023 to 2030 The region's growing need for neon gas may be seen in a variety of applications ranging from decorative signs to medical imaging. The use of neon in architectural lighting to improve the visual attractiveness of modern constructions is a prominent segment within this market. The neon gas industry reflects this transformation as the Middle East and Africa enjoy economic expansion and adopt sophisticated technology, adding to the region's distinct visual landscape. Finally, the Middle East and Africa's strategic integration of neon gas applications in multiple industries places the area as an emerging player, shaping market growth and bringing vibrancy to the region's visual and technological character.

Neon Gas Market Analysis

Neon Gas Type Segment Analysis

According to Cognitive Market Research, high purity held the major market share over the forecast period. A noteworthy market trend is the increasing demand for high-purity neon gas. High-purity neon with few impurities is essential for a variety of applications, such as lasers, electronics, and specialized lighting. Industries seek high-purity neon for improved performance and reliability, fueling market growth as technological advancements and precise applications become more common.

Low purity is the fastest-growing category over the forecast period. Contrary to popular belief, the low-purity neon gas business is expanding rapidly. While high-purity neon is critical for certain precision applications, there is a growing desire for more cost-effective alternatives. Low-purity neon is used in less sensitive regions and is a more cost-effective solution. This tendency shows a trade-off between specific application needs and cost concerns, which contributes to the overall growth of the neon gas market.

• Low purity
• High purity
• Ultra- high purity

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Neon Gas Industry. Request a Free Sample PDF!

Neon Gas Application Segment Analysis

According to Cognitive Market Research, lighting and imaging hold a prominent market share. Because of its luminous qualities, neon is essential for neon signs, display illumination, and imaging systems. Its characteristic glow and high energy efficiency make it popular in advertising, ornamental lighting, and medical imaging. Because of the ongoing demand for visually appealing displays and better imaging technologies, lighting, and imaging are large and expanding parts of the neon gas industry.

Television tubes and wave meter tubes are the fastest-growing categories over the forecast period; because of their distinct glow and resilience, neon is great for creating brilliant displays in ancient television tubes. Furthermore, its use in wave meter tubes, which measure the wavelength of radiofrequency signals, contributes to the market's growth. Because of the ongoing demand for these technologies, neon remains relevant in specialized electrical applications.

• Lighting and Imaging
• Cryogenics
• Television Tubes & Wave Meter Tubes
• Lasers

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Neon Gas End use Industry Segment Analysis

According to Cognitive Market Research, automotive and transportation equipment hold a prominent market share. The neon gas industry is expanding due to its usage in automotive and transportation equipment. Neon is utilized to create vivid and energy-efficient lighting solutions in neon-filled automobile lighting. Its characteristic glow improves aesthetics and visibility in a variety of automotive applications, contributing to its rising popularity in the automotive and transportation industries—the market benefits from continued technological improvements and consumer preferences in car lighting technology.

Aerospace and aircraft are the fastest-growing categories over the forecast period. Because of its applications in the aerospace and aircraft industries, the neon gas market is expanding. The use of neon in specialty lighting, such as aviation instrument panels and inside cabin lighting, improves visibility and safety. Its unique luminous features make it a popular choice in aviation, contributing to market growth as the aerospace industry focuses on efficient and dependable lighting solutions for a variety of applications.

• Aerospace and Aircraft
• Automotive and Transportation Equipment
• Electronics
• Healthcare
• Medical Field

Neon Gas Supply Mode Segment Analysis

According to Cognitive Market Research, bulk and micro bulk hold a prominent market share. Bulk supply is designed for large-scale industrial applications, whereas micro-bulk is designed for smaller-scale operations. This dual strategy enables flexibility in fulfilling varying industry demands. The adaptability of supply techniques adds to the overall growth of the neon gas market by meeting the unique needs of various sectors.

Cylinders are the fastest-growing category over the forecast period. The supply of cylinders is a driving force in the expanding neon gas business. Cylinders are a practical and commonly used method of distributing neon gas for a variety of purposes. Cylinders are a desirable supply choice due to their simplicity of handling and storage, as well as their capacity to meet a wide range of demand scales. This greatly contributes to the total growth and accessibility of neon gas.

• Cylinders
• Bulk and micro Bulk
• Drum tank
• On-site

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
• Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals 
• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion