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Semiconductor Grade Neon Gas Trends and Forecast

The future of the global semiconductor grade neon gas market looks promising with opportunities in the high purity and ultra high purity markets. The global semiconductor grade neon gas market is expected to reach an estimated $0.48 billion by 2030 with a CAGR of 7.0% from 2024 to 2030. The major drivers for this market are high demand in electronics industry and compliance with environmental regulations and safety standards.
  • Lucintel forecasts that electronic grade is expected to witness higher growth over the forecast period due to usage in variety of electronic applications, such as the production of laser diodes, semiconductor chips, and flat panel displays.
  • Within this market, ultra high purity will remain the larger segment due to growing demand for advanced semiconductor chips.
  • APAC is expected to witness highest growth over the forecast period due to strong presence of number of major semiconductor manufacturers, such as tsmc, samsung, and sk hynix.

Semiconductor Grade Neon Gas by Purity Level, Grade, and Application

Ultra-high purity will remain the larger segment in the semiconductor grade neon gas market

  1. Growing Demand for Advanced Semiconductor Manufacturing: The increasing demand for ultra-high purity semiconductor grade neon gas is driven by the rapid expansion of advanced semiconductor manufacturing processes, such as EUV lithography and 5G technology integration.
  1. Technological Advancements in Neon Gas Purification Processes: Companies like Air Liquide and Linde have invested heavily in R&D to enhance purification processes, ensuring higher purity levels required for cutting-edge semiconductor fabrication. For instance, Air Liquide announced the commencement of a new purification facility in collaboration with TSMC in 2023, aimed at achieving 99.9999% purity levels.
  1. Government Initiatives Driving Semiconductor Innovation: Government agencies such as the U.S. Department of Energy (DOE) and the European Union’s Horizon Europe program have allocated substantial funding towards research initiatives focused on improving semiconductor manufacturing processes. These initiatives include projects targeting the development of next-generation neon gas purification technologies, with investments totaling $50 million announced by the DOE in 2022.
  1. Shift Towards Miniaturization and High-Performance Computing: The trend towards miniaturization and the demand for high-performance computing applications continue to fuel the need for ultra-pure neon gas in semiconductor fabrication. For instance, Samsung Electronics announced a multi-billion-dollar project in 2023 to expand its semiconductor manufacturing capabilities, with a focus on producing advanced logic chips for AI and IoT applications, driving the demand for high-purity neon gas.
  1. Strategic Partnerships and Collaborations: Key players in the semiconductor industry are forming strategic partnerships and collaborations to ensure a stable supply chain of ultra-high purity neon gas. For example, in 2024, Intel announced a strategic collaboration with Praxair to establish a state-of-the-art neon gas purification facility in the United States, aimed at meeting the growing demand for high-purity gases in semiconductor fabrication.
  1. Focus on Environmental Sustainability: With increasing awareness of environmental sustainability, companies are investing in eco-friendly neon gas purification technologies. For instance, Mitsubishi Chemical Corporation introduced a novel purification process in 2023 that reduces energy consumption by 30% compared to conventional methods, contributing to both cost savings and environmental conservation efforts.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Semiconductor Grade Neon Gas by Segments

Semiconductor Grade Neon Gas by Segment

The study includes a forecast for the global semiconductor grade neon gas by purity level, grade, application, and region.

Semiconductor Grade Neon Gas Market by Purity Level [Shipment Analysis by Value from 2018 to 2030]:


• High Purity
• Ultra High Purity

Semiconductor Grade Neon Gas Market by Grade [Shipment Analysis by Value from 2018 to 2030]:


• Electronic Grade
• Research Grade

Semiconductor Grade Neon Gas Market by Application [Shipment Analysis by Value from 2018 to 2030]:


• Laser Gas
• Process Gas
• Cooling Gas
• Others

Semiconductor Grade Neon Gas Market by Region [Shipment Analysis by Value from 2018 to 2030]:


• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Semiconductor Grade Neon Gas Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies semiconductor grade neon gas companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the semiconductor grade neon gas companies profiled in this report include-
• Air Products and Chemicals
• Linde
• Matheson Tri-Gas
• Messer
• American Gas Products
• Taiyo Nippon Sanso
• Iceblick
• Air Liquide
• Air Water
• Proton Gases

Semiconductor Grade Neon Gas Market News

  • December 2023, Air Liquide has entered into a long-term agreement to supply industrial gases, particularly nitrogen, to BOE Technology Group Co., Ltd. (BOE), an Internet of Things (IoT) company, to support its new project in the Beijing Economic-Technological Development Area. The upcoming facility will include a nitrogen production unit capable of producing 25,000Nm3/h, along with supply systems for oxygen, argon, hydrogen, and carbon dioxide. The facility is set to commence operations in early 2025. These gases will play a crucial role in BOE's 6th generation production line of advanced semiconductor display devices, underscoring their importance in the manufacturing of cutting-edge display technologies such as Virtual Reality and Mini LED.
  • March 2022, Ingas and Cryoin which supplies world’s half of the neon gas halted the operations due to Russia-Ukraine war resulting in soaring prices of neon up-to 9 times in China.

Features of the Global Semiconductor Grade Neon Gas Market

Market Size Estimates: Semiconductor grade neon gas market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Semiconductor grade neon gas market size by purity level, grade, application, and region in terms of value ($B).
Regional Analysis: Semiconductor grade neon gas market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different purity level, grade, application, and regions for the semiconductor grade neon gas market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the semiconductor grade neon gas market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the semiconductor grade neon gas market size?
Answer: The global semiconductor grade neon gas market is expected to reach an estimated $0.48 billion by 2030.
Q.2 What is the growth forecast for semiconductor grade neon gas market?
Answer: The global semiconductor grade neon gas market is expected to grow with a CAGR of 7.0% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the semiconductor grade neon gas market?
Answer: The major drivers for this market are high demand in electronics industry and compliance with environmental regulations and safety standards.
Q4. What are the major segments for semiconductor grade neon gas market?
Answer: The future of the semiconductor grade neon gas market looks promising with opportunities in the high purity and ultra high purity markets.
Q5. Who are the key semiconductor grade neon gas market companies?
Answer: Some of the key semiconductor grade neon gas companies are as follows:
• Air Products and Chemicals
• Linde
• Matheson Tri-Gas
• Messer
• American Gas Products
• Taiyo Nippon Sanso
• Iceblick
• Air Liquide
• Air Water
• Proton Gases

Q6. Which semiconductor grade neon gas market segment will be the largest in future?
Answer: Lucintel forecasts that electronic grade is expected to witness highest growth over the forecast period due to usage in variety of electronic applications, such as the production of laser diodes, semiconductor chips, and flat panel displays.
Q7. In semiconductor grade neon gas market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to strong presence of number of major semiconductor manufacturers, such as tsmc, samsung, and sk hynix.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the semiconductor grade neon gas market by purity level (high purity and ultra high purity), grade (electronic grade and research grade), application (laser gas, process gas, cooling gas, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

For any questions related to Semiconductor Grade Neon Gas Market, Semiconductor Grade Neon Gas Market Size, Semiconductor Grade Neon Gas Market Growth, Semiconductor Grade Neon Gas Market Analysis, Semiconductor Grade Neon Gas Market Report, Semiconductor Grade Neon Gas Market Share, Semiconductor Grade Neon Gas Market Trends, Semiconductor Grade Neon Gas Market Forecast, Semiconductor Grade Neon Gas Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents

1. Executive Summary

2. Global Semiconductor Grade Neon Gas Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges 

3. Market Trends and Forecast Analysis from 2018 to 2030
3.1: Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2: Global Semiconductor Grade Neon Gas Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Semiconductor Grade Neon Gas Market by Purity Level
3.3.1: High Purity
3.3.2: Ultra High Purity
3.4: Global Semiconductor Grade Neon Gas Market by Grade
3.4.1: Electronic Grade
3.4.2: Research Grade
3.5: Global Semiconductor Grade Neon Gas Market by Application
3.5.1: Laser Gas
3.5.2: Process Gas
3.5.3: Cooling Gas
3.5.4: Others
3.6: Global Semiconductor Grade Neon Gas Market by

4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Semiconductor Grade Neon Gas Market by Region
4.2: North American Semiconductor Grade Neon Gas Market
4.2.2: North American Semiconductor Grade Neon Gas Market by Grade: Electronic Grade and Research Grade
4.2.3: North American Semiconductor Grade Neon Gas Market by Application: Laser Gas, Process Gas, Cooling Gas, and Others
4.2.4: North American Semiconductor Grade Neon Gas Market by :
4.3: European Semiconductor Grade Neon Gas Market
4.3.1: European Semiconductor Grade Neon Gas Market by Purity Level: High Purity and Ultra High Purity
4.3.2: European Semiconductor Grade Neon Gas Market by Grade: Electronic Grade and Research Grade
4.3.3: European Semiconductor Grade Neon Gas Market by Application: Laser Gas, Process Gas, Cooling Gas, and Others
4.3.4: European Semiconductor Grade Neon Gas Market by 
4.4: APAC Semiconductor Grade Neon Gas Market
4.4.1: APAC Semiconductor Grade Neon Gas Market by Purity Level: High Purity and Ultra High Purity
4.4.2: APAC Semiconductor Grade Neon Gas Market by Grade: Electronic Grade and Research Grade
4.4.3: APAC Semiconductor Grade Neon Gas Market by Application: Laser Gas, Process Gas, Cooling Gas, and Others
4.4.4: APAC Semiconductor Grade Neon Gas Market by :
4.5: ROW Semiconductor Grade Neon Gas Market
4.5.1: ROW Semiconductor Grade Neon Gas Market by Purity Level: High Purity and Ultra High Purity
4.5.2: ROW Semiconductor Grade Neon Gas Market by Grade: Electronic Grade and Research Grade
4.5.3: ROW Semiconductor Grade Neon Gas Market by Application: Laser Gas, Process Gas, Cooling Gas, and Others
4.5.4: ROW Semiconductor Grade Neon Gas Market by

5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Semiconductor Grade Neon Gas Market by Purity Level
6.1.2: Growth Opportunities for the Global Semiconductor Grade Neon Gas Market by Grade
6.1.3: Growth Opportunities for the Global Semiconductor Grade Neon Gas Market by Application
6.1.4: Growth Opportunities for the Global Semiconductor Grade Neon Gas Market by
6.1.5: Growth Opportunities for the Global Semiconductor Grade Neon Gas Market by Region
6.2: Emerging Trends in the Global Semiconductor Grade Neon Gas Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Semiconductor Grade Neon Gas Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Semiconductor Grade Neon Gas Market
6.3.4: Certification and Licensing

7. Company Profiles of Leading Players
7.1: Air Products and Chemicals
7.2: Linde
7.3: Matheson Tri-Gas
7.4: Messer
7.5: American Gas Products
7.6: Taiyo Nippon Sanso
7.7: Iceblick
7.8: Air Liquide
7.9: Air Water
7.10: Proton Gases
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.

Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.

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