Dublin, April 27, 2022 (GLOBE NEWSWIRE) -- The "Global Neon Gas Market Report and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
According to this latest report, 'Global Neon Gas Market Report and Forecast 2022-2027', the global neon gas market, by volume, is estimated to reach 891.92 million litres by 2027, growing at a CAGR of 7.1% during 2022-2027.
Neon gas is defined as an inert monoatomic gas which belongs to the group 18 of the periodic table. It is colourless, odourless, tasteless, and lighter than air. Neon gas is found in the earth's atmosphere at a concentration of 18 ppm and is procured by the fractional distillation of liquid air, followed by the removal of helium from the mixture.
It is a non-toxic and non-reactive gas which finds application in the neon signs for advertising, high-voltage indicators, switching gear, lighting arresters, and diving equipment lasers. Furthermore, neon gas is used in the lithography step which is crucial for the development of semiconductor chips. This is one of the major uses of neon gas which is propelling the market growth.
The thriving electronics and automotive industry are spearheading the demand for semiconductor devices and chips, which is a major driving factor of the global neon gas market. The increasing adoption of consumer electronics, such as LCD displays, and refrigerators, among others is anticipated to boost the demand for neon gas in the forecast period.
Moreover, the growing expansion of the advertising and marketing industry is likely to accelerate the demand for neon gas for imaging and lighting applications. The Russian invasion of Ukraine has led to a decline in the production volume but increase in the prices of semiconductor chips which bolstered the revenue for the neon gas market.
However, in the coming years, the market is anticipated to stabilise due to the growing dependence on semiconductor devices. In terms of region, North America accounts for a significant share in the market owing to the increasing demand for helium-neon lasers for biomedical applications in the healthcare industry.
Moreover, the strong foothold of the major semiconductor manufacturers in the region is anticipated to be a propelling factor in the market.
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the key players in the industry. Some of the major players in the market explored in the report are:
- Linde plc
- L'Air Liquide S.A. (Air Liquide)
- Ingas LLC
- Cryoin Engineering Ltd.
- Messer Group GmbH
Key Topics Covered:
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 Industry Opportunities and Challenges
8 Global Neon Gas Market Analysis
8.1 Key Industry Highlights by Volume
8.2 Global Neon Gas Historical Market by Volume (2017-2021)
8.3 Global Neon Gas Market Forecast by Volume (2022-2027)
8.4 Key Industry Highlights by Value
8.5 Global Neon Gas Historical Market by Value (2017-2021)
8.6 Global Neon Gas Market Forecast by Value (2022-2027)
8.7 Global Neon Gas Market by Application
8.7.1 Semiconductor
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2017-2021)
8.7.1.3 Forecast Trend (2022-2027)
8.7.2 LCD
8.7.3 Imaging and Lighting
8.7.4 Laser
8.8 Global Neon Gas Market by End Use
8.8.1 Aerospace and Aircraft
8.8.2 Automotive and Transportation Equipment
8.8.3 Electronics
8.8.4 Healthcare
8.9 Global Neon Gas Market by Region
8.9.1 Market Share
8.9.1.1 North America
8.9.1.2 Europe
8.9.1.3 Asia Pacific
8.9.1.4 Rest of the World
9 Regional Analysis
For more information about this report visit https://www.researchandmarkets.com/r/r08beq
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