Neon, a noble gas, is a chemical element that is found to exhibit chemical inertness on account of its unique atomic structure. This highly unreactive gas has a wide range of usage in non-reactive applications. Neon, although abundant in the universe, is sparse in earths atmosphere and is often produced through fractional distillation of liquefied air. The gas has superior refrigerating capacity than helium and is a preferred refrigerant in certain applications. Neon in mixture with other gases is widely used in lighting and imaging applications. For instance, helium-neon lasers that are indispensable in various industrial and imaging applications use a mixture of helium and neon in the ratio 10:1. Technavio's analysts forecast the global neon gas market to grow at a CAGR of 4.99% by revenue and 9.98% by volume over the period 2014-2019.
Covered in this report
Technavios report, Global Neon Gas Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from various industry experts. The report includes a comprehensive discussion of the market, an extensive coverage on different application segments, demand-supply dynamics in various geographies, and distribution method. The report provides comments on both the existing market landscape and its growth prospects over the forecast period. The report further includes a discussion of the key vendors operating in this market.
The report presents data on the following segments of the market: Application: imaging and lighting, cryogenics, industrial application, and electronics Geography: APAC, North America, and Latin America Distribution method: tonnage, merchant, and packaged
Key vendors Air Liquide Airgas Linde Messer Group Praxair
Other prominent vendors Air products Air water American gas group BASF Core gas Gazprom Matheson Tri-gas Proton gas
Perennial demand from lighting and imaging applications For a full, detailed list, view our report
Production deficits and price volatility For a full, detailed list, view our report
Growing prominence of repackaging and customized gas formulations For a full, detailed list, view our report
Key questions answered in this report What will the market size be in 2019 and what will the growth rate be What are the various end-uses and potential applications for the product What are the key market trends What is driving this market What are the challenges to market growth Who are the key vendors in this market space and what is the nature of competition between them What are the market opportunities and threats faced by the key vendors
Technavio Announces the Publication of its Research Report Global Neon Gas Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Neon Gas Market: Air Liquide, Airgas, Linde, Messer Group and Praxair
Other Prominent Vendors in the market are: Air products, Air water, American gas group, BASF, Core gas, Gazprom, Matheson Tri-gas and Proton gas
Commenting on the report, an analyst from Technavios team said: Most noble gases are packaged into cylinders at pressures of up to 300 bar and are supplied to end-consumers in volume variants of 1-50 liters. These cylinders are made of high-strength steel and aluminum to withstand high pressures, avoid leakage, and ensure maximum safety throughout storage and safety. Distribution of noble gases through this route is a cost-intensive process, as transportation of these heavy cylinders requires high levels of energy in terms of fuel and packaging.
According to the report, there has been continual expansion in the global manufacturing output during the past five years. Industrial growth is driven by rising demand for investment goods, intermediate goods, and consumer goods, particularly in high-growth economies of China, India, Brazil, South Africa, and Indonesia.
Further, the report states that noble gas production is concentrated, with only a few global and regional players producing the substance. The market has an oligopolic structure and limited supplier base due to the associated high fixed capital costs and volatile prices of the products.
Air Liquide, Airgas, Linde, Messer Group, Praxair, Air products, Air water, American gas group, BASF, Core gas, Gazprom, Matheson Tri-gas, Proton gas