Global Neon Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Neon market size was valued at US$ 963 million in 2024 and is forecast to a readjusted size of USD 759 million by 2031 with a CAGR of 1.2% during review period.

Neon is a rare atmospheric gas which is odorless, colorless, tasteless, nontoxic, monatomic and chemically inert. Neon is obtained from liquid air.

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, 5N, >5N, etc. And in terms of application, the largest application is semiconductor, followed by laser.

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.

This report is a detailed and comprehensive analysis for global Neon market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Neon market size and forecasts, in consumption value ($ Million), sales quantity (K Nm3), and average selling prices (US$/Nm3), 2020-2031

Global Neon market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Nm3), and average selling prices (US$/Nm3), 2020-2031

Global Neon market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Nm3), and average selling prices (US$/Nm3), 2020-2031

Global Neon market shares of main players, shipments in revenue ($ Million), sales quantity (K Nm3), and ASP (US$/Nm3), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Neon

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Neon market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Ingas, Cryoin, Linde, Air Liquide, Air Products, Messer, Hunan KMT, Huate Gas, Sumitomo Seika, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Neon market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
<5N
5N
>5N

Market segment by Application
Semiconductor
Laser
Fluorescent Light Bulbs
Signage
Others

Major players covered
Ingas
Cryoin
Linde
Air Liquide
Air Products
Messer
Hunan KMT
Huate Gas
Sumitomo Seika

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Neon product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Neon, with price, sales quantity, revenue, and global market share of Neon from 2020 to 2025.

Chapter 3, the Neon competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Neon breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Neon market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Neon.

Chapter 14 and 15, to describe Neon sales channel, distributors, customers, research findings and conclusion.