Industry Background:
Neon gas refers to a noble gas. It is a chemical element that is found to exhibit chemical inertness on account of its unique atomic structure. There are various applications of neon gas including holography, spectroscopy, optical demonstrations, barcode scanning, sensing and alignment, and interferometer applications. This extremely unreactive gas has an extensive range of usage in non-reactive applications. The Neon gas has greater refrigerating ability than helium and it is also an ideal refrigerant in certain applications. Lighting and imaging applications will help to boost the global neon gas market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Airgas, Inc. (United States), Air Liquide S.A. (France), Linde AG (Germany), The Messer Group GmbH (Germany), Praxair Technology, Inc. (United Kingdom), Cryoin Engineering Ltd. (Ukraine), Proton Gases (India) Private Limited (India), Sigma-Aldrich Co. LLC (United States), Air Products (United States) and Chemicals, Inc. (United States) |
This growth is primarily driven by Perennial Demand from Lighting and Imaging Applications and Rising Demand Various Industrial Applications such as Electronics and Semiconductor.
Globally, a noticeable market trend is evident High Demand for Cryogenic Applications
The Chemicals sector in the Europe region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Airgas, Inc. (United States), Air Liquide S.A. (France), Linde AG (Germany), The Messer Group GmbH (Germany), Praxair Technology, Inc. (United Kingdom), Cryoin Engineering Ltd. (Ukraine), Proton Gases (India) Private Limited (India), Sigma-Aldrich Co. LLC (United States), Air Products (United States) and Chemicals, Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The market has a detailed analysis of the following key players in the global neon gas market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
Key Developments in the Market:
In 2019, Air Liquide and Airgas have acquired TA Corporate Holdings, Inc., a large independent distributor of industrial gases and welding supplies serving various geographies in the United States.
In 2018, Praxair, Inc., a wholly-owned subsidiary of Linde plc has declared that it will increase nitrogen capacity at its facility under construction in Pyeongtaek, South Korea to meet growing demand at Samsung’s semiconductor manufacturing complex. With this expansion, Praxair’s total investment in Pyeongtaek will be approximately 600 million dollars.
Influencing Trend:
High Demand for Cryogenic Applications and Growing Prominence of Repackaging and Customized Gas Formulations
Market Growth Drivers:
Perennial Demand from Lighting and Imaging Applications and Rising Demand Various Industrial Applications such as Electronics and Semiconductor
Challenges:
Production Deficits and Price Volatility
Restraints:
High Production Cost
Opportunities:
Huge Opportunity in the Display Manufacturing Market
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Neon Gas Market
- Analysis about New Entrants in Neon Gas Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Neon Gas Study Sheds Light on
The Neon Gas Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Neon Gas industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Neon Gas industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.