Neon Gas Market Size

Neon Gas Market size is evaluated at USD 25.7 billion in 2024 and is expected to exceed USD 65.7 billion by the end of 2037, witnessing over 7.5% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of neon gas is assessed at USD 27.6 billion. The primary growth driver of the market is the increasing demand for semiconductor manufacturing. Neon is essential for the production of lasers used in photolithography processes in semiconductor fabrication. Its short wavelength allows it to imprint patterns as small as 193 nanometers on the wafer chip. One of the most important applications of neon gas is in ultraviolet (UV) lasers, called excimer lasers. This laser is very effective at making clean and precise cuts at hundreds of nanometres. UV lasers emit no heat and do not cause scars, making them popular in laser eye surgery (LASIK).

The growing demand for digital technologies such as artificial intelligence (AI) and the Internet of Things (IoT) in several industries is also expected to fuel the market growth in the coming years. These technologies require high-performance computing systems, which rely on semiconductors for operations that directly increase the sales of neon gas.