Global Neon Gas Market Growth 2019-2024
Neon is a rare atmospheric gas which is odorless, colorless, tasteless, nontoxic, monatomic and chemically inert. Neon gas is principally shipped and used in gaseous form for excimer lasers, plasma displays, light bulbs, neon signs, and R & D laboratories. Neon is obtained from liquid air and it is mainly used in lighting.
In consumption market, the growth rate of global consumption is smooth relatively with the 1.65% of average growth rate. USA and Europe are still the mainly consumption regions due to the advanced production technology and rapid development of economy.
Neon gas can be classified into three types: low-purity product, high-purity product and ultra-high purity product. High-purity product is the most widely used products. Survey results showed that 56% of the neon gas market is neon lamp, 15% is laser industry, 15% is refrigerant industry, 10% is medical field and 4% divided among other industries. With the development of economy, these industries will need more neon gas. So, neon gas has a huge market potential in the future.
The cost of electricity is the largest single operating cost incurred in air separation plants. It is usually between one third and two thirds of the operating costs associated with producing neon gas.
According to this study, over the next five years the Neon Gas market will register a 4.3% CAGR in terms of revenue, the global market size will reach US$ 48 million by 2024, from US$ 37 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Neon Gas business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Neon Gas market by product type, application, key manufacturers and key regions and countries.
This study considers the Neon Gas value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Ultra-high Purity Product
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Wuhan Steel Group
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Neon Gas consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Neon Gas market by identifying its various subsegments.
Focuses on the key global Neon Gas manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Neon Gas with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Neon Gas submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.