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Neon Gas Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A24322
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Neon Gas Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Neon Gas | Others | Germany | 827 USD/MT |
In the fourth quarter of 2023, the price of neon gas in Germany reached 827 USD/MT by December.
Neon Gas Price Trend, Market Analysis, and News
IMARC's latest publication, “Neon Gas Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the neon gas market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of neon gas at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed neon gas price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting neon gas pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.
Neon Gas Market Analysis
The global neon gas market size reached US$ 313.7 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 450.3 Million, at a projected CAGR of 4.10% during 2023-2032.
- The expanding use of neon gas in certain medical imaging technologies (MIT), including neon-based plasma tubes used in plasma panel detectors is primarily driving the market growth. These detectors are essential in medical imaging devices such as positron emission tomography (PET) scanners, which help diagnose various conditions by providing detailed images of the body's internal structures. Consequently, the increasing use of advanced medical imaging techniques for early disease detection and management is strengthening the demand for neon gas, as it ensures the efficient and accurate operation of these diagnostic tools.
- Moreover, the extensive product utilization in research and development (R&D) within the field of physics, particularly in studies involving low-temperature phenomena and plasma physics is impelling the market growth. Neon gas’s inert nature and unique spectral characteristics make it an ideal medium for experiments and demonstrations. As a result, the ongoing exploration of new technologies and scientific principles continues to drive the demand for neon gas, as it plays a crucial role in facilitating cutting-edge research and experimentation in various scientific disciplines.
- Furthermore, neon gas is also employed in the aerospace and aviation industries along with high-altitude lighting, instruments, and navigational beacons, which further aid in market expansion. Neon is used in aircraft instruments to ensure visibility and functionality at high altitudes where other gases might freeze or become ineffective.
- Along with this, the significant advancements in aerospace technology and the expansion of the aviation sector are bolstering the demand for neon gas, as it is integral to maintaining the safety and efficiency of aircraft systems.
- The surging employment of neon gas in spectroscopy, particularly in neon discharge lamps, which serve as calibration sources for spectrometers is providing an impetus to the market growth. These lamps provide a stable and consistent light source, enabling accurate measurement and analysis of different materials' spectral properties. As spectroscopy continues to be a vital tool in fields such as chemistry, biology, and environmental science, the demand for neon gas grows to support the accurate calibration and functioning of spectrometric equipment.
- Besides this, the automotive industry’s expanding use of neon gas in various applications, including high-intensity discharge (HID) lamps and other advanced lighting systems is propelling the market forward. Neon-based lighting solutions provide bright, efficient illumination for vehicle headlights, interior lighting, and signal lights.
Neon Gas News
The report covers the latest developments, updates, and trends impacting the price of Neon Gas, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the neon gas price trend.
Latest developments in the neon gas industry:
- In April 2024, SK Hynix, the second-largest memory chipmaker globally, collaborated with South Korean specialty gas manufacturer TEMC to develop the industry’s first neon gas recycling technology. This innovation, intended for use in semiconductor fabs, is expected to save SK Hynix KRW 40 billion ($30 million) annually in neon purchasing costs.
Product Description
Neon gas is a colorless, odorless, inert monatomic gas under standard conditions. It is extracted through the fractional distillation of liquid air, where it is separated from other atmospheric gases. This type of gas is primarily known for its use in neon signs, where it produces a distinct reddish-orange glow. This characteristic has made neon a staple in advertising and decorative lighting. When an electric current passes through neon gas in a sealed glass tube, it emits a bright, reddish-orange light. This application leverages neon’s ability to produce vibrant colors, making it ideal for creating eye-catching advertisements and artistic installations. Beyond signage, neon gas is also used in high-voltage indicators (HVI), vacuum tubes, wave meter tubes, television tubes, and helium-neon lasers. Additionally, neon lighting is also employed in scientific equipment, where its bright glow helps in visually detecting certain types of radiation.
Regional Coverage
The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the neon gas price trend.
Global Neon Gas Price
The report offers a holistic view of the global neon gas pricing trends in the form of neon gas price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of neon gas, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed neon gas demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Neon Gas Price
European neon gas prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.
Detailed price information for neon gas can also be provided for an extensive list of European countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Neon Gas Price
The analysis of neon gas prices in North America delves into the regional industry dynamics, encompassing the impact of local production and the trade flows between North America and other significant global markets.
Specific neon gas historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Neon Gas Price
The report explores the neon gas pricing trends in the Middle East and Africa, considering factors like the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
Region-wise data and information on specific countries within these regions can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Neon Gas Price
The neon gas pricing trends in the Asia Pacific are examined, reflecting the role of the region as a major global producer and consumer of agricultural products, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.
This neon gas price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Neon Gas Price
The analysis of neon gas prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, agricultural output, and trade frameworks.
This comprehensive review can be extended to include specific countries within Latin America.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Neon Gas |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Neon Gas Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of neon gas pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
- The study examines factors affecting neon gas price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The neon gas price charts ensure our clients remain at the forefront of the industry.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
- Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
- For further assistance, please connect with our analysts.
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