Neon Gas Market Share

APAC Market Forecast

Asia Pacific neon gas market is set to grow at CAGR of around 7.7% and expected to cross USD 22.6 billion between 2025 and 2037. The rapidly increasing industrial activities, high healthcare expenditure, and advancements in the military and aerospace sectors are fuelling the use of neon gas in the region. Asia Pacific is expected to hold a market share of 34.4% through 2037 owing to the presence of profitable economies such as India, China, Japan, and South Korea.

In India, the swiftly expanding healthcare and consumer electronics sectors are driving high demand for neon gas for imaging devices and semiconductor production. For instance, the healthcare sector of the country is estimated to be valued at USD 638.0 billion in 2025. Moreover, rapid urbanization leads to increased demand for neon lighting in signage and architecture in the country.

North America Market Statistics

North America neon gas market is projected to increase at a fast pace during the forecasted period owing to the ongoing advancements in the semiconductor manufacturing sector in the region. The increasing demand for advanced consumer electronics products is fuelling the use of neon-based chips. In the U.S. neon-based technologies are exhibiting high demand in the automotive sector, especially in lighting and display systems. Research and development activities in quantum computing are set to expand the consumption of neon gas in the country. In Canada, regulations favoring the use of energy-efficient technologies are foreseen to increase the use of neon gas in specialty lamp manufacturing.