High-Purity Neon Gas Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Type (Neon 5.0, Neon 5.5, Neon 6.0); Application (Semiconductor and Memory Chips, Lighting, Medical and Lasik Lasers, and Cutting and Manufacturing); Region and Country
The global high-purity neon gas market is likely to showcase robust growth during the forecast period 2022-2028. The semiconductor industry is one of the key end-users of high-purity neon gas and in the last couple of years, the semiconductor industry is trending across the globe owing to the shortage of chips. Therefore, to mitigate the semiconductor supply chain problem, global chip manufacturers are heavily investing in the industry to increase the production capacity of the chips. High-purity neon gas plays a key role in semiconductor production. In manufacturing semiconductor chips, a mixture of gases (termed excimer gas) generates the single wavelength of light used for deep ultraviolet photolithography. Within the gas mixture, neon is typically a buffer and carrier gas that helps minimize defects during the photolithography process, increasing the overall yield of usable chips. As the semiconductor industry is the dominant consumer of neon gas, it is expected that with increasing investment in the semiconductor industry, the demand for high-purity gases will eventually increase.
Insights Presented in the Report
“Amongst type, neon 5.0 accounted the significant portion of the pie”
Based on type, the market is categorized into neon 5.0, neon 5.5, and neon 6.0. Among these, neon 5.0 held a significant share in the market as it is good enough for the semiconductor industry and laser eye surgery. As a result, a large number of semiconductor manufacturers use this gas. Further, due to low purity compared to others, the cost and complexity of production are also lower, thereby a large number of players are offering neon 5.0.
“Amongst application, semiconductor and memory chips held a prominent position in the market in 2020”
Based on application, the market is categorized into semiconductor and memory chips, lighting, medical and LASIK lasers, and cutting and manufacturing. Among these, semiconductor and memory chips held the lion’s share of the market and is likely to maintain the same trend over the forecast period. This can be ascribed to the increasing demand for semiconductors across the globe and rising investment in the industry to mitigate the chip shortage.
“Asia-Pacific is likely to showcase significant growth during the forecast period”
For a better understanding of the market adoption of High-Purity Neon Gas, the market is analyzed based on its worldwide presence in the countries such as North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of World. The Asia-Pacific region held a strong demand for high-purity neon gas. Being a global semiconductor manufacturing hub owing to the presence of some of the largest chip manufacturers like Taiwan Semiconductor Manufacturing Co. Ltd., Samsung Electronics, and SK Hynix, in the regional economies is propelling the high-purity neon gas market in the region. Furthermore, increasing investment in regional countries like India to diversify the production base of semiconductors, is likely to boost the regional market for high-purity neon gas.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
- The report presents a quick review of overall industry performance at one glance
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive country-level analysis of the industry
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|2.1.||Research Process of the High-Purity Neon Gas Market|
|2.2.||Research Methodology of the High-Purity Neon Gas Market|
|5||IMPACT OF COVID-19 ON THE HIGH-PURITY NEON GAS MARKET|
|6||HIGH-PURITY NEON GAS MARKET REVENUE (USD MN), 2020-2028F|
|8.1.||Semiconductor and Memory Chips|
|8.3.||Medical and LASIK Lasers|
|8.4.||Cutting and Manufacturing|
|9.1.1.||The United States|
|9.1.3.||Rest of North America|
|9.2.2.||The United Kingdom|
|9.2.6.||Rest of Europe|
|9.3.4.||Rest of Asia-Pacific|
|9.4.||Rest of World|
|11||HIGH-PURITY NEON GAS MARKET OPPORTUNITIES|
|12||HIGH-PURITY NEON GAS MARKET TRENDS|
|13.1.||Demand Side Analysis|
|13.2.||Supply Side Analysis|
|14||VALUE CHAIN ANALYSIS|
|15.1.1.||Porters Fiver Forces Analysis|
|16.1.||Cryoin Engineering Ltd.|
|16.3.||Air Products and Chemicals Inc.|
|16.5.||Air Liquide S.A.|
|16.6.||The Messer Group GmbH|
Research Methodology for Global High-Purity Neon Gas Market Analysis (2020-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of high-purity neon gas, three major steps are undertaken to create and analyze its adoption across the globe. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the neon gas industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of high-purity neon gas through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the high-purity neon gas market, we conducted a detailed secondary analysis to gather current market insights and share for different segments & sub-segments for major regions. The major segment is included in the report by type and application. Further regional and country-level analyses were conducted to evaluate the overall adoption of high-purity neon gas globally.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of high-purity neon gas. Further, we conducted factor analysis using dependent and independent variables such as the increasing demand for semiconductor chips and the Russia-Ukraine conflict. A thorough analysis was conducted of demand and supply-side scenarios considering the increasing investment, top partnerships, mergers and acquisitions, business expansion, and product launches in the high-purity neon gas industry.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global market, and market shares of each segment. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of value (US$) and the adoption rate of high-purity neon gas across the major markets
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the high-purity neon gas market. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants by Stakeholders and Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global high-purity neon gas market. Data was split into several segments & sub-segments post studying various parameters and trends in the area of type and application.
The main objective of the high-purity neon gas market study
The current & future market trends of global high-purity neon gas were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of high-purity neon gas in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include the area of the type and application
- Defined analysis of the regulatory framework for the high-purity neon gas industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of high-purity neon gas for the major countries
- Major regions/countries analyzed in the report include North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), and Rest of World
- Company profiles of the high-purity neon gas market players and the growth strategies adopted by them to sustain the growing market
Deep dive country-level analysis of the industry