Neon-22 Global Market Report 2025

Neon-22 Market Overview

• Neon-22 market size has reached to $2.31 billion in 2024

• Expected to grow to $3.1 billion in 2029 at a compound annual growth rate (CAGR) of 6.1%

• Growth Driver: Increasing Demand For Semiconductor Manufacturing Fueling Market Growth Due To AI Chip Production And EUV Lithography Needs

• North America was the largest region in 2024 and Asia-Pacific is the fastest growing region.

What Is Covered Under Neon-22 Market?

Neon-22 refers to a stable isotope of the chemical element neon, containing 10 protons and 12 neutrons in its nucleus. It naturally occurs in the Earth's atmosphere and is used in studies of cosmic ray exposure, nuclear physics, and geochemical processes.

The main types of neon-22 are 5N (99.999% purity), 4N (99.99% purity), and others. 5N (99.999% purity) refers to ultra-high purity Neon-22 gas containing only 0.001% or less of impurities, suitable for highly sensitive applications such as semiconductor lithography and scientific research. These are used in various applications, including semiconductor manufacturing, medical imaging, lighting, and research and development, and are used by several end users, such as healthcare and medical industry, semiconductor and electronics industry, research and academic institutions, industrial and manufacturing sector, aerospace and defense, and others.

What Is The Neon-22 Market Size 2025 And Growth Rate?

The neon-22 market size has grown strongly in recent years. It will grow from $2.31 billion in 2024 to $2.45 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to rising use of lasers in manufacturing processes, increasing demand in high-purity applications, increasing demand for semiconductors, increasing adoption of medical imaging, and growing popularity of retro and vintage aesthetics.

What’s The Trade War Impact On Aerospace And Defense Industry?

The sharp hike in U.S. tariffs and the associated trade disputes in spring 2025 are notably impacting the aerospace and defense sector by raising costs for titanium, carbon fiber composites, and avionics materials largely sourced from global suppliers. Defense contractors, locked into fixed-price government contracts, absorb these added costs, while commercial aerospace firms face airline pushback on higher aircraft prices. Delays in component shipments due to customs bottlenecks further disrupt tight production schedules for jets and satellites. The industry is responding by stockpiling critical materials, seeking waivers for defense-related imports, and collaborating with allied nations to diversify supply chain.

How is the Neon-22 Market Segmented?

1) By Types: 5N (99.999% Purity), 4N (99.99% Purity), Other Types

2) By Applications: Semiconductor Manufacturing, Medical Imaging, Lighting, Research And Development

3) By End-User: Healthcare And Medical Industry, Semiconductor And Electronics Industry, Research And Academic Institutions, Industrial And Manufacturing Sector, Aerospace And Defense, Other End-Users

Subsegments:

1) By 5N (99.999% Purity): Ultra-High Purity, High-Precision Scientific Research, Advanced Laser Systems

2) By 4N (99.99% Purity): Industrial-Grade Gas, Specialty Lighting, Plasma Display Panels

3) By Other Types: Mixtures With Other Noble Gases, Research-Grade Neon, Calibration Gas Blends

What Is Driving The Neon-22 Market? Increasing Demand For Semiconductor Manufacturing Fueling Market Growth Due To AI Chip Production And EUV Lithography Needs

The increasing demand for semiconductor manufacturing is expected to propel the growth of the neon-22 market going forward. Semiconductor manufacturing refers to producing microchips and integrated circuits, which require high-purity gases such as neon-22 for photolithography in advanced chip fabrication. Semiconductor manufacturing is increasing due to significant government investments and incentives to boost domestic chip production and supply chain resilience. Neon-22 supports semiconductor manufacturing by being a critical component in excimer lasers used for precise photolithography processes during chip fabrication. For instance, in February 2025, according to a report published by the Semiconductor Industry Association (SIA), a US-based trade organization, in 2024, global semiconductor sales reached $627.6 billion, marking a 19.1% increase from $526.8 billion in 2023. Therefore, the rising demand for semiconductor manufacturing is driving the growth of the neon-22 market.

What Is Driving The Neon-22 Market? Expansion Of The Healthcare Industry Fueling The Growth Of The Market Due To Rising Demand For Advanced Diagnostics And Treatments

The expansion of the healthcare industry is expected to propel the growth of the neon-22 market going forward. The healthcare industry refers to the broad sector comprising organizations, services, professionals, and technologies that promote, maintain, and restore human health. The expansion of the healthcare industry is due to rapid technological advancements that improve diagnostics, treatments, and patient outcomes. Neon-22 plays a vital role in the healthcare industry by serving as a stable tracer isotope, enabling accurate diagnostic imaging and research to enhance patient care and treatment outcomes. For instance, in May 2024, according to a report published by the Australian Institute of Health and Welfare, an Australia-based government agency, during 2022–23, there were 12.1 million hospitalizations, marking a 4.6% rise from the previous year's 11.6 million in 2021–22. Furthermore, in December 2024, according to the Centers for Medicare & Medicaid Services, a US-based federal agency, healthcare spending in the United States increased by 7.5 percent in 2023 to $4.9 trillion, or $14,570 per person. Therefore, expanding the healthcare industry is driving the growth of the neon-22 market.

What Is Driving The Neon-22 Market? Expansion Of Industrial And Manufacturing Sectors Driving The Growth Of The Market Due To Rising Automation And Product Demand

The increasing industrial and manufacturing sectors are expected to propel the growth of the neon-22 market going forward. The industrial and manufacturing sector refers to the segment of the economy that involves the production of goods and materials through the processing of raw materials, fabrication of components, assembly of products, and operation of machinery. The industrial and manufacturing sector is increasing due to rapid automation adoption, which enhances productivity and lowers production costs. Neon-22 helps the industrial and manufacturing sectors by enabling precise process control and high-sensitivity leak detection, ensuring improved efficiency and product quality. For instance, in May 2024, according to the Office for National Statistics, a UK-based government department, in 2023, UK manufacturers' total product sales value climbed from $589.4 billion (£438.9 billion) in 2022 to $612.8 billion (£456.1 billion), a 2.3% rise. Therefore, increasing industrial and manufacturing sectors are driving the growth of the neon-22 market.

What Is Driving The Neon-22 Market? Increasing Demand For Semiconductor Manufacturing Fueling Market Growth Due To AI Chip Production And EUV Lithography Needs

The increasing demand for semiconductor manufacturing is expected to propel the growth of the neon-22 market going forward. Semiconductor manufacturing refers to producing microchips and integrated circuits, which require high-purity gases such as neon-22 for photolithography in advanced chip fabrication. Semiconductor manufacturing is increasing due to significant government investments and incentives to boost domestic chip production and supply chain resilience. Neon-22 supports semiconductor manufacturing by being a critical component in excimer lasers used for precise photolithography processes during chip fabrication. For instance, in February 2025, according to a report published by the Semiconductor Industry Association (SIA), a US-based trade organization, in 2024, global semiconductor sales reached $627.6 billion, marking a 19.1% increase from $526.8 billion in 2023. Therefore, the rising demand for semiconductor manufacturing is driving the growth of the neon-22 industry.

What Is Driving The Neon-22 Market? Expansion Of The Healthcare Industry Fueling The Growth Of The Market Due To Rising Demand For Advanced Diagnostics And Treatments

The expansion of the healthcare industry is expected to propel the growth of the neon-22 market going forward. The healthcare industry refers to the broad sector comprising organizations, services, professionals, and technologies that promote, maintain, and restore human health. The expansion of the healthcare industry is due to rapid technological advancements that improve diagnostics, treatments, and patient outcomes. Neon-22 plays a vital role in the healthcare industry by serving as a stable tracer isotope, enabling accurate diagnostic imaging and research to enhance patient care and treatment outcomes. For instance, in May 2024, according to a report published by the Australian Institute of Health and Welfare, an Australia-based government agency, during 2022–23, there were 12.1 million hospitalizations, marking a 4.6% rise from the previous year's 11.6 million in 2021–22. Furthermore, in December 2024, according to the Centers for Medicare & Medicaid Services, a US-based federal agency, healthcare spending in the United States increased by 7.5 percent in 2023 to $4.9 trillion, or $14,570 per person. Therefore, expanding the healthcare industry is driving the growth of the neon-22 market.

What Is Driving The Neon-22 Market? Expansion Of Industrial And Manufacturing Sectors Driving The Growth Of The Market Due To Rising Automation And Product Demand

The increasing industrial and manufacturing sectors are expected to propel the growth of the neon-22 market going forward. The industrial and manufacturing sector refers to the segment of the economy that involves the production of goods and materials through the processing of raw materials, fabrication of components, assembly of products, and operation of machinery. The industrial and manufacturing sector is increasing due to rapid automation adoption, which enhances productivity and lowers production costs. Neon-22 helps the industrial and manufacturing sectors by enabling precise process control and high-sensitivity leak detection, ensuring improved efficiency and product quality. For instance, in May 2024, according to the Office for National Statistics, a UK-based government department, in 2023, UK manufacturers' total product sales value climbed from $589.4 billion (£438.9 billion) in 2022 to $612.8 billion (£456.1 billion), a 2.3% rise. Therefore, increasing industrial and manufacturing sectors are driving the growth of the neon-22 market.

Who Are The Major Players In The Global Neon-22 Market?

Major Companies operating in the neon-22 market are Linde plc, Air Liquide S.A., Merck KGaA, Air Products and Chemicals Inc., Airgas Inc., Messer Group GmbH, Messer SE & Co. KGaA, BOC Limited, Matheson Tri-Gas Inc., Hubei Newradar Electronic Gas Co. Ltd., Toll Gas & Welding Supply Inc., ISOFLEX USA, Central China Special Gas Co. Ltd., Ingas LLC, Electronic Fluorocarbons LLC, Cryoin Engineering Ltd., Trace Sciences International, Buyisotope, Wuhan Newradar Special Gas Co. Ltd., Iceblick Ltd.

Who Are The Major Players In The Global Neon-22 Market?

Major Companies operating in the neon-22 market are Linde plc, Air Liquide S.A., Merck KGaA, Air Products and Chemicals Inc., Airgas Inc., Messer Group GmbH, Messer SE & Co. KGaA, BOC Limited, Matheson Tri-Gas Inc., Hubei Newradar Electronic Gas Co. Ltd., Toll Gas & Welding Supply Inc., ISOFLEX USA, Central China Special Gas Co. Ltd., Ingas LLC, Electronic Fluorocarbons LLC, Cryoin Engineering Ltd., Trace Sciences International, Buyisotope, Wuhan Newradar Special Gas Co. Ltd., Iceblick Ltd.

Neon-22 Market Merger And Acquisition:

What Is The Regional Outlook For The Global Neon-22 Market?

North America was the largest region in the neon-22 market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the neon-22 market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the neon-22 market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Is The Regional Outlook For The Global Neon-22 Market?

North America was the largest region in the neon-22 market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Regional Outlook For The Global Neon-22 Market

North America was the largest region in the neon-22 market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the neon-22 market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

North America was the largest region in the neon-22 market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Neon-22 Market?

The neon-22 market consists of sales of products such as neon-22 gas for isotopic analysis, high-purity neon-22 for semiconductor manufacturing, neon-22 for cryogenic applications, isotopically enriched neon-22 for research laboratories, neon-22 gas mixtures for scientific instrumentation, and compressed neon-22 cylinders. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

What Defines the Neon-22 Market?

The neon-22 market consists of sales of products such as neon-22 gas for isotopic analysis, high-purity neon-22 for semiconductor manufacturing, neon-22 for cryogenic applications, isotopically enriched neon-22 for research laboratories, neon-22 gas mixtures for scientific instrumentation, and compressed neon-22 cylinders. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Neon-22 Industry?

The neon-22 market research report is one of a series of new reports from The Business Research Company that provides neon-22 market statistics, including the neon-22 industry's global market size, regional shares, competitors with an neon-22 market share, detailed neon-22 market segments, market trends and opportunities, and any further data you may need to thrive in the neon-22 industry. This neon-22 market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

What is the Market Assessment and Strategic Outlook for the Neon-22 Industry?

The neon-22 market research report is one of a series of new reports from The Business Research Company that provides market statistics, including the neon-22 industry's global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the neon-22 industry. This neon-22 market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.