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The neon gas market size is forecast to increase by USD 116.6 million at a CAGR of 7.55% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for Integrated Circuits (ICs) in various industries, particularly in the electronics sector. Neon gas is essential in the production of high-intensity discharge lamps used in IC manufacturing. Additionally, the trend toward enhanced power density in electronic devices is driving the demand for neon gas as it is used in the production of high-voltage ignition sources. However, the negative impacts of geopolitical tensions, such as the Russia-Ukraine war, on the supply of neon gas from traditional sources pose a challenge to market growth. The market is expected to witness steady growth in the coming years, with the Asia Pacific region leading the way due to the presence of major IC manufacturing hubs in countries like China and South Korea.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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