Neon Gas Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Neon Gas in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Neon Gas Price Trend for the Second Half of 2023

Neon gas is used in vacuum tubes, high-voltage indicators, and television tubes due to its ability to produce brilliant light. Additionally, neon is also employed in cryogenic applications to cool infrared detectors and to create cryogenic refrigeration. Its inert nature makes it valuable for leak detection in high-vacuum systems and as a protective atmosphere in the welding of reactive metals like titanium, driving the market trend of neon gas.

Neon Gas Price Chart

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The extended ripples caused by the Russia-Ukraine crisis were seen in the trajectory of neon gas prices during the third and fourth quarters of 2023. The supply constraints and ill-functioning of the downstream semiconductor manufacturing, medical, and space propulsion sectors were the evident result of this uproar. As Russia and Ukraine are the major suppliers of noble gas in the global market, the disruption of supply chains limited the interest of consumers in this sector as they started searching for alternative options for procuring noble gases.

The search for alternatives was much more visible in the chipmaker's segment as they started investing in recycling technology and exploring other alternative gases amid the dim outlook of the neon gas market. The Asian countries also moved towards their domestic sector in order to curb their demand and stabilize the price trend of neon gas. The rising production initiatives in Japan and South Korea particularly helped in stabilizing the global supply chains and, in turn, the price trend of neon gas.

Analyst Insight

According to Procurement Resource, the price of Neon Gas is expected to attain some stagnancy with the rise in production, particularly in Asian countries.

Neon Gas Price Trend for the First Half of 2023

In the first and second quarter of 2023, the Neon gas costs for wafer fabrication of semiconductor manufacturing started to decline. As a result of Russia's invasion of Ukraine, which constrained the supply chains, led to the weak purchasing potential of buyers and, in turn, caused the buildup of the levels of inventories. However, the usage of neon gas in lasers employed in healthcare, sensors, and defense equipment supported the prices of neon gas in the first two quarters of 2023.

The ongoing Russian invasion of Ukraine has had an impact on manufacturing and supply chains, and as a result, the price trend of gas inclined with low supply. In response to the limited availability of neon gas in global markets, several businesses were forced to expand their manufacturing capabilities in an effort to replenish the neon gas supply. However, due to the depletion of inventories, the employers of neon gas moved to several other cheaper alternatives, such as argon, which hampered the growth of the neon gas price trend.

Analyst Insight

According to Procurement Resource, the price of Neon Gas is estimated to oscillate with fluctuations in the automotive sectors and the high availability of cheaper alternatives.

Procurement Resource provides latest prices of Neon Gas. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.