Global Neon Market Growth 2025-2031

Global Neon Market Growth 2025-2031

The global Neon market size is predicted to grow from US$ 671 million in 2025 to US$ 725 million in 2031; it is expected to grow at a CAGR of 1.3% from 2025 to 2031.

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.

LP Information, Inc. (LPI) ' newest research report, the “Neon Industry Forecast” looks at past sales and reviews total world Neon sales in 2024, providing a comprehensive analysis by region and market sector of projected Neon sales for 2025 through 2031. With Neon sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Neon industry.

This Insight Report provides a comprehensive analysis of the global Neon landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Neon portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Neon market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Neon and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Neon.

This report presents a comprehensive overview, market shares, and growth opportunities of Neon market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
<5N
5N
>5N

Segmentation by Application:
Semiconductor
Laser
Fluorescent Light Bulbs
Signage
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Ingas
Cryoin
Linde
Air Liquide
Air Products
Messer
Hunan KMT
Huate Gas
Sumitomo Seika

Key Questions Addressed in this Report

What is the 10-year outlook for the global Neon market?

What factors are driving Neon market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Neon market opportunities vary by end market size?

How does Neon break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.