- The key vendors in the global neon gas market 2015-2019 are Airgas, Praxair, Air Liquide, Messer, and Linde
London, 16 November 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global neon gas market 2015-2019. The market is witnessing various innovations in packaging, such as metal packaging is being replaced by composite materials made of plastic or aluminum. These cylinders help manufacturers save energy and provide a higher level of safety, owing to their lightweight feature. The market will witness several improvements in cylinder packaging and pressure valves and increased adoption by major gas vendors over the next four years. The global neon gas market is expected to grow at a CAGR of 4.99% during the forecast period of 2014-2019.
Segmentation of global neon gas market by application 2019
Source: Technavio, 2015
The global neon gas market is expected to grow at a steady pace during the forecast period, largely due to the rapid expansion of end-use industries including cryogenics, imaging, and electronic chip manufacturing. The extensive use of helium-neon lasers for applications such as barcode scanning, optical disc reading, spectroscopy, and holography has increased the demand for neon.
“Neon gas is indispensable for manufacturing helium-neon lasers used in barcode scanners, alignment tools, and photography transmission,” says Faisal Ghaus, Vice President of Technavio Research.
“Many companies prefer these lasers due to their various advantages such as cheaper cost of production and increased safety on account of their low power output.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Neon Gas Market 2015-2019, please send an e-mail to media@TechNavio.com
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