Neon Gas Market by Application, Distribution Channel and Geography - Forecast and Analysis 2023-2027

Published: Oct 2023 Pages: 157 SKU: IRTNTR76126

Neon Gas Market Forecast 2023-2027

The neon gas market size is estimated to increase by USD 105.46 million and grow at a CAGR of 7.29% between 2022 and 2027. The market's expansion hinges on various factors, including heightened demand for Integrated Circuits (ICs), growing need for lighting solutions, and industrial development in emerging nations. Challenges confronting the market encompass the adverse effects of the Russia-Ukraine conflict, elevated production costs, and unpredictable returns on investments, as well as complexities in patterns and functional defects during the manufacturing process.

What will be the Size of the Neon Gas Market During the Forecast Period?

To learn more about this report, View Report Sample

Segmentation

This market report extensively covers market segmentation by application (semiconductor, imaging and lighting, lasers, and others), distribution channel (cylinders, bulk and micro bulk, and on-site), and geography (Europe, APAC, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

By Application

The semiconductor segment is estimated to witness significant growth during the forecast period. The emergence of a multi-core digital signal processor (DSP) reduces power consumption and increases performance. Multi-core DSPs are essential for high-performance radar and avionics systems deployed in defense infrastructure for enhanced surveillance. Radars and military equipment require high processing support and therefore depend on efficient implementation of DSP algorithms.

Get a glance at the market contribution of various segments View the PDF Sample

The semiconductor segment was the largest segment and was valued at USD 91.73 million in 2017It is used in the production of semiconductors. With technological improvements, mobile systems supporting defense infrastructure are getting smaller and defense applications are becoming more powerful. Therefore, the demand for more optimized DSP with better architecture is expected to increase. These factors will drive the growth of global semiconductor components which in turn will fuel the market during the forecast period. 

By Regions

For more insights on the market share of various regions Download PDF Sample now!

Europe is estimated to contribute 52% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Factors such as growing demand for advanced vehicles, growth in the automotive industry, rising smartphone adoption rates coupled with growing internet connectivity, rising demand for products with advanced technology from the defense and aerospace industries and growing demand for high-speed devices from the telecommunications industry are driving demand for semiconductors which are driving the application.

In addition, the presence of global and local market players such as INGAS and Cryoin is a key driver for the growth of the market in Europe. Furthermore, improved internet connectivity coupled with increased smartphone USAge and developments related to the deployment of 5G technology are the key factors boosting the demand for hybrid semiconductors, thereby boosting the market growth in Europe. 

Market Dynamics and Customer Landscape

The market is primarily driven by its widespread usage across various industries, including electronics, military and defense, aviation, and semiconductor manufacturing. It is an essential component in gas lasers used for cutting, welding, and medical applications, making it indispensable in the defense sector and medical industry. Additionally, in the electronics industry, it is utilized in flat panel displays, LCD screens, and smartphone manufacturing, contributing to its significant demand. Despite challenges such as global financial crises and rising gas costs impacting market dynamics, the continuous advancements in technology and the growing demand for semiconductors and electronic devices have bolstered the growth of the market.

Furthermore, a notable trend in the market is the increasing adoption of neon lights in various applications such as lighting, signage, and advertising. Neon lights offer high brightness and visibility, making them popular choices for illuminating buildings, billboards, and storefronts. Moreover, advancements in imaging and lighting technologies, such as the use of neon gas in Excimer laser gas mixtures and low-temperature polysilicon (LTPS) backplanes for flat panel displays, have further propelled the demand for neon gas. As the demand for high-purity neon gas continues to rise for applications in gas lasers, semiconductor manufacturing, and lighting applications, the market is expected to witness steady growth in the coming years.

Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The market is propelled by the increasing demand for integrated circuits (ICs) across various industries, particularly in automotive, consumer electronics, and telecommunications. As the automotive sector adopts more stringent safety regulations globally, automotive OEMs are compelled to incorporate advanced electronic components into vehicles to enhance safety features. This necessitates the use of semiconductor chips, where neon gas plays a crucial role in the lithography process, essential for manufacturing semiconductor chips. Additionally, the proliferation of smartphones, televisions, and other electronic devices further drives the demand for semiconductor chips, thereby increasing the requirement for neon gas in the semiconductor manufacturing process.

Furthermore, advancements in technology and the growing integration of semiconductor integrated circuits in automotive applications, such as microcontrollers, microprocessors, memory devices, and power management ICs, contribute to the rising demand for semiconductor chip production. Neon gas, utilized in the production of semiconductor chips through the excimer laser gas mixture process, becomes indispensable in meeting the escalating demand for electronics. As a result, the market is poised to witness significant growth during the forecast period, driven by the expanding semiconductor industry and the increasing use of integrated circuits in various electronic devices.

Significant Market Trends

Increasing demand for enhanced power density is the primary trend shaping market growth. Composite semiconductor materials are suitable to operate at high power densities because the intrinsic properties of the materials allow them to withstand high temperatures. The need for a cooling system is eliminated, resulting in compact application sizes and lower costs. In addition, composite semiconductor materials offer higher conversion rates and energy efficiency, which ultimately results in lower system costs.

Moreover, applications such as inverter systems, electric rail traction drives, wind generators, and solar generators use power electronics to improve their operational efficiency. However, silicon-based electrical devices cannot deliver the required performance, driving demand for composite semiconductor materials. As neon is the main component used in hybrid semiconductor photolithography, the increasing demand for hybrid semiconductors will drive the global market during the forecast period. 

Major Market Challenge

The negative impact of Russia Ukraine war is the challenge that affects the growth of the market. Ukraine is a major supplier of neon, with key suppliers such as Cryoin and INGAS based in Ukraine. INGAS Due to Russia's invasion of Ukraine, Cryoin's production plants were closed in 2022, after which it faced an acute financial crisis. The Russian invasion of Ukraine had a negative impact on the development of the semiconductor industry due to the rising cost of various raw materials used in the production of semiconductors.

Moreover, due to the war, semiconductor manufacturers in many parts of the world were unable to source components from Russia and Ukraine. Rising energy prices and the unavailability of key components used in semiconductor chip manufacturing have affected its manufacturing process. Hence, the war between Russia and Ukraine has negatively impacted neon demand on both the supply and demand side. Also, the Russia-Ukraine war is expected to impede market growth during the forecast period. 

Key Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

GlobalMarket Customer Landscape

Who are the Major Neon Gas Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • INGAS LLC: The company offers neon gas for scientific research and laser technology.

The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

  • Air Liquide SA
  • Air Products and Chemicals Inc.
  • Axcel Gases
  • BhurUKa Gases Ltd.
  • Chemix Gases
  • Chengdu Taiyu Industrial Gases Co. Ltd.
  • Cryoin Engineering Ltd.
  • Deluxe Industrial Gases
  • Jinhong Gas Co. Ltd.
  • Linde Plc
  • Merck KGaA
  • Messer SE and Co. KGaA
  • Mitsubishi Chemical Group Corp.
  • Proton Gases India Pvt. Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook 
    • Semiconductor
    • Imaging and lighting
    • Lasers
    • Others
  • Distribution Channel Outlook 
    • Cylinders
    • Bulk and micro bulk
    • On-site
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile 
      • Brazil 
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The market is influenced by various factors including military and defense applications, advancements in technology, and the demand for neon lights in advertising and illuminating buildings. Aviation and space agencies also contribute to the market through the use of neon gas in rocket propulsion systems and space exploration. With its wide range of applications including LCD screens, gas lasers, and plasma studies, neon gas continues to be vital in semiconductor manufacturing and cryogenic refrigeration. However, challenges such as gas costs and supply chain disruptions impact market dynamics, despite the ongoing expansion of production facilities and technological advancements.

Moreover, the market thrives on diverse applications such as sensors, signage, and lighting due to its unique properties and wide range of uses. Neon gas manufacturers continually expand production facilities to meet growing demand, particularly in cryogenic applications and particle colliders where its low boiling point and emission spectrum are essential. From television displays to fluorescence tubes, neon gas plays a pivotal role in various technologies, including Excimer laser gas mixtures and DUV lithography systems. Despite fluctuating neon gas prices, its indispensable role in imaging, lighting, and chromatography ensures sustained demand and technological advancements in the market.

Air separation units, pivotal in the production of noble gases like neon and krypton, are experiencing heightened attention during the assessment period. This surge is fueled by the expansion of production facilities for neon tubes, glass tubes, and wave meter tubes. These gases find extensive applications in various industries, including the manufacturing of helium-neon lasers for holography and other specialized purposes.

Neon Gas Market Scope

Report Coverage

Details

Page number

157

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 7.29%

Market growth 2023-2027

USD 105.46 million

Market structure

Fragmented

YoY growth 2022-2023(%)

6.21

Regional analysis

Europe, APAC, North America, Middle East and Africa, and South America

Performing market contribution

Europe at 52%

Key countries

US, China, Ukraine, Russia, and France

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Air Liquide SA, Air Products and Chemicals Inc., Axcel Gases, BhurUKa Gases Ltd., Chemix Gases, Chengdu Taiyu Industrial Gases Co. Ltd., Cryoin Engineering Ltd., Deluxe Industrial Gases, INGAS LLC, Jinhong Gas Co. Ltd., Linde Plc, Merck KGaA, Messer SE and Co. KGaA, Mitsubishi Chemical Group Corp., Proton Gases India Pvt. Ltd., TEMC Co. LTD., and Wesfarmers Ltd.

Market dynamics

Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

View PDF Sample

What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global neon gas market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global neon gas market 2017 - 2021 ($ million)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.3 Distribution Channel Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Semiconductor - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Semiconductor - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Semiconductor - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Semiconductor - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Semiconductor - Year-over-year growth 2022-2027 (%)
    • 6.4 Imaging and lighting - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Imaging and lighting - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Imaging and lighting - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Imaging and lighting - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Imaging and lighting - Year-over-year growth 2022-2027 (%)
    • 6.5 Lasers - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Lasers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Lasers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Lasers - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Lasers - Year-over-year growth 2022-2027 (%)
    • 6.6 Others - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.7 Market opportunity by Application
      • Exhibit 50: Market opportunity by Application ($ million)
      • Exhibit 51: Data Table on Market opportunity by Application ($ million)

    7 Market Segmentation by Distribution Channel

    • 7.1 Market segments
      • Exhibit 52: Chart on Distribution Channel - Market share 2022-2027 (%)
      • Exhibit 53: Data Table on Distribution Channel - Market share 2022-2027 (%)
    • 7.2 Comparison by Distribution Channel
      • Exhibit 54: Chart on Comparison by Distribution Channel
      • Exhibit 55: Data Table on Comparison by Distribution Channel
    • 7.3 Cylinders - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Cylinders - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Cylinders - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Cylinders - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Cylinders - Year-over-year growth 2022-2027 (%)
    • 7.4 Bulk and micro bulk - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Bulk and micro bulk - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Bulk and micro bulk - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Bulk and micro bulk - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Bulk and micro bulk - Year-over-year growth 2022-2027 (%)
    • 7.5 On-site - Market size and forecast 2022-2027
      • Exhibit 64: Chart on On-site - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Data Table on On-site - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Chart on On-site - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on On-site - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Distribution Channel
      • Exhibit 68: Market opportunity by Distribution Channel ($ million)
      • Exhibit 69: Data Table on Market opportunity by Distribution Channel ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 72: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 Europe - Market size and forecast 2022-2027
      • Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.4 APAC - Market size and forecast 2022-2027
      • Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 Ukraine - Market size and forecast 2022-2027
      • Exhibit 95: Chart on Ukraine - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on Ukraine - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on Ukraine - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on Ukraine - Year-over-year growth 2022-2027 (%)
    • 9.9 Russia - Market size and forecast 2022-2027
      • Exhibit 99: Chart on Russia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on Russia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on Russia - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on Russia - Year-over-year growth 2022-2027 (%)
    • 9.10 China - Market size and forecast 2022-2027
      • Exhibit 103: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.11 US - Market size and forecast 2022-2027
      • Exhibit 107: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.12 France - Market size and forecast 2022-2027
      • Exhibit 111: Chart on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 112: Data Table on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 113: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ million)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 Air Liquide SA
              • Exhibit 123: Air Liquide SA - Overview
              • Exhibit 124: Air Liquide SA - Business segments
              • Exhibit 125: Air Liquide SA - Key offerings
              • Exhibit 126: Air Liquide SA - Segment focus
            • 12.4 Air Products and Chemicals Inc.
              • Exhibit 127: Air Products and Chemicals Inc. - Overview
              • Exhibit 128: Air Products and Chemicals Inc. - Business segments
              • Exhibit 129: Air Products and Chemicals Inc. - Key news
              • Exhibit 130: Air Products and Chemicals Inc. - Key offerings
              • Exhibit 131: Air Products and Chemicals Inc. - Segment focus
            • 12.5 Axcel Gases
              • Exhibit 132: Axcel Gases - Overview
              • Exhibit 133: Axcel Gases - Product / Service
              • Exhibit 134: Axcel Gases - Key offerings
            • 12.6 Chemix Gases
              • Exhibit 135: Chemix Gases - Overview
              • Exhibit 136: Chemix Gases - Product / Service
              • Exhibit 137: Chemix Gases - Key offerings
            • 12.7 Chengdu Taiyu Industrial Gases Co. Ltd.
              • Exhibit 138: Chengdu Taiyu Industrial Gases Co. Ltd. - Overview
              • Exhibit 139: Chengdu Taiyu Industrial Gases Co. Ltd. - Product / Service
              • Exhibit 140: Chengdu Taiyu Industrial Gases Co. Ltd. - Key offerings
            • 12.8 Cryoin Engineering Ltd.
              • Exhibit 141: Cryoin Engineering Ltd. - Overview
              • Exhibit 142: Cryoin Engineering Ltd. - Product / Service
              • Exhibit 143: Cryoin Engineering Ltd. - Key offerings
            • 12.9 Deluxe Industrial Gases
              • Exhibit 144: Deluxe Industrial Gases - Overview
              • Exhibit 145: Deluxe Industrial Gases - Product / Service
              • Exhibit 146: Deluxe Industrial Gases - Key offerings
            • 12.10 INGAS LLC
              • Exhibit 147: INGAS LLC - Overview
              • Exhibit 148: INGAS LLC - Product / Service
              • Exhibit 149: INGAS LLC - Key offerings
            • 12.11 Jinhong Gas Co. Ltd.
              • Exhibit 150: Jinhong Gas Co. Ltd. - Overview
              • Exhibit 151: Jinhong Gas Co. Ltd. - Product / Service
              • Exhibit 152: Jinhong Gas Co. Ltd. - Key offerings
            • 12.12 Linde Plc
              • Exhibit 153: Linde Plc - Overview
              • Exhibit 154: Linde Plc - Business segments
              • Exhibit 155: Linde Plc - Key news
              • Exhibit 156: Linde Plc - Key offerings
              • Exhibit 157: Linde Plc - Segment focus
            • 12.13 Merck KGaA
              • Exhibit 158: Merck KGaA - Overview
              • Exhibit 159: Merck KGaA - Business segments
              • Exhibit 160: Merck KGaA - Key news
              • Exhibit 161: Merck KGaA - Key offerings
              • Exhibit 162: Merck KGaA - Segment focus
            • 12.14 Messer SE and Co. KGaA
              • Exhibit 163: Messer SE and Co. KGaA - Overview
              • Exhibit 164: Messer SE and Co. KGaA - Product / Service
              • Exhibit 165: Messer SE and Co. KGaA - Key offerings
            • 12.15 Mitsubishi Chemical Group Corp.
              • Exhibit 166: Mitsubishi Chemical Group Corp. - Overview
              • Exhibit 167: Mitsubishi Chemical Group Corp. - Business segments
              • Exhibit 168: Mitsubishi Chemical Group Corp. - Key offerings
              • Exhibit 169: Mitsubishi Chemical Group Corp. - Segment focus
            • 12.16 Proton Gases India Pvt. Ltd.
              • Exhibit 170: Proton Gases India Pvt. Ltd. - Overview
              • Exhibit 171: Proton Gases India Pvt. Ltd. - Product / Service
              • Exhibit 172: Proton Gases India Pvt. Ltd. - Key offerings
            • 12.17 Wesfarmers Ltd.
              • Exhibit 173: Wesfarmers Ltd. - Overview
              • Exhibit 174: Wesfarmers Ltd. - Product / Service
              • Exhibit 175: Wesfarmers Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 176: Inclusions checklist
                • Exhibit 177: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 178: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 179: Research methodology
                • Exhibit 180: Validation techniques employed for market sizing
                • Exhibit 181: Information sources
              • 13.5 List of abbreviations
                • Exhibit 182: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

              PURCHASE FULL REPORT OF

              neon gas market

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

              Why should you prefer Technavio's market insights report?

              • Off-the-shelf research reports
              • Reports can be tailored to meet the customer's needs
              • Trusted by more than 100 fortune 500 organizations
              • Information about the market's key drivers, trends, and challenges
              • Parent market analysis
              • Every week, 50,000 people visit our subscription platform
              • Detailed vendors report with competitive landscape
              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis