What is Global Neon Gas Market?
The Global Neon Gas Market is a comprehensive study of the worldwide market trends and growth prospects, focusing on the neon gas industry. Neon gas, a colorless, odorless, inert monatomic gas under standard conditions, is mainly used in the lighting industry. It is one of the six noble gases and forms an essential part of the world's atmosphere. The Global Neon Gas Market report provides an in-depth analysis of the market size, share, growth rate, trends, and forecast from 2022 to 2029. The market was valued at US$ 43 million in 2022 and is expected to reach US$ 58 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 4.2% during the forecast period.
Neon Lamp, Medical Field, Refrigerant, Laser, Other Application in the Global Neon Gas Market:
The Global Neon Gas Market finds its application in various fields such as Neon Lamp, Medical Field, Refrigerant, Laser, and Other Applications. In the Neon Lamp industry, neon gas is used to produce bright, colorful lights. In the Medical Field, it is used in cryosurgery to freeze and destroy diseased tissues. As a Refrigerant, neon gas is used in cryogenic refrigeration systems due to its low boiling point. In the Laser industry, neon gas is used in gas lasers which are used in various applications such as holography, barcode scanners, and laser printers. Other Applications include its use in television tubes, high-voltage indicators, lightning arrestors, wave meter tubes, and helium-neon lasers.
Global Neon Gas Market Outlook:
The Global Neon Gas Market outlook highlights that the market was valued at US$ 43 million in 2022 and is projected to reach US$ 58 million by 2029, growing at a CAGR of 4.2% during the forecast period. The market is dominated by the top 3 players who hold about 60% of the global market shares. Eastern Europe is the main market, accounting for about 55% of the global market. High-purity Product is the main type, holding a share of about 70%. Neon Lamp is the main application, accounting for about 55% of the market share. This data provides a clear understanding of the current market scenario and its future growth prospects.
| Report Metric | Details |
| Report Name | Neon Gas Market |
| Accounted market size in 2022 | US$ 43 in million |
| Forecasted market size in 2029 | US$ 58 million |
| CAGR | 4.2% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Air Liquide, Linde Group, Parxair, Messer Group, Iceblick, Air Products, Air Water, Core Gas, Wuhan Steel Group, INGAS, Airgas, Matheson Tri-gas, Baosteel |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
