High-Purity Neon Gas Market: Current Analysis and Forecast (2022-2028)

The global high-purity neon gas market is likely to showcase robust growth during the forecast period. 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.

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Deep dive country-level analysis of the industry

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