Australia Neon Gas Market Size, Share, and Trends: Forecast and Growth Analysis Report (2026-2035)

Key Market Trends and Insights

• The Australian Capital Territory dominated the Australia neon gas market in 2024 and is projected to grow at a CAGR of 6% over the forecast period.
• By application, electronics and semiconductor Industry is expected to grow at a CAGR of 6.2% over the forecast period.
• By end-use, electronics category is projected to witness a CAGR of 6.1% over the forecast period.

Market Size & Forecast

• Market Size in 2025: AUD 29.94 million
• Projected Market Size in 2035: AUD 50.18 million
• CAGR from 2026 to 2035: 5.30%
• Fastest-Growing Regional Market: Australian Capital Territory

While‍‌‍‍‌‍‌‍‍‌ chip producers are enhancing their facilities, the demand for industrial gases, such as neon is increasing. To meet this demand, gas suppliers are focused on upgrading their rare-gas recovery systems, install new air-separation units, and extend high-purity purification lines. Due to the technical complexity and high production cost of neon, which is the main component of rare gas mixtures, these heavy investments generally require volume commitments for several years from semiconductor clients. That is the main reason why long-term supply contracts have turned into a key enabler of capacity expansion in the Australia neon gas industry.

An example of this situation is the case of Air Liquide which, in June 2024, entered into a substantial long-term agreement with Micron Technology and pledged more than USD 250 million to the construction of a new ultra-high-purity gas plant in Idaho. It reflects a model in which companies secure a stable neon supply, enabling gas producers to move forward with multi-hundred-million-dollar investment projects once long-term contracts are confirmed. Such projects are likely to boost the Australia neon gas market development.

Recent Developments

May​‍​‌‍​‍‌​‍​‌‍​‍‌ 2025

Environment Minister Murray Watt has turned down the environmental group's plea for reconsideration of the Woodside's North West Shelf Project and therefore, a new gas facility life extension beyond 2030 is likely to go ahead. The North West Shelf is the main source of Western Australia domestic gas, which is the primary source of neon extraction needed for lasers and semiconductor applications. This move could help the Australia neon gas market to be stable again and also help in the growth of new sectors depending on easy access to gas for a long time.

September 2024

K’gari, the Queensland’s world-renowned island, formerly known as Fraser Island, has launched its first-ever permanent interpretive light and laser show, Illumina. The project has been designed by Bruce Ramus, the creative director of the Uluru drone show. Illumina will bring to life the World Heritage areas on the island using vibrant projections, lasers and a three-act story telling the natural recovery of K’gari.

October 2024

ACCC has given a green light to Brookfield Renewable Holdings’ takeover of Neoen SA with the condition that the company sells the battery storage and wind farm assets in Victoria, including the Big Battery and Bulgana Wind Farm. Regular and efficient management of these energy projects is one of the guarantees for the electrical system to be stable and this can happen mostly by the indirect intervention of energy-intensive industries such as the specialty gas sector producing the high-purity neon for semiconductor and industrial applications.

December 2023

EFC Gases & Advanced Materials launched a Cymer-qualified neon gas recycling system that is aimed at providing price stability for end-users over the long-term. The system, developed by the Massachusetts-based company, is intended to support excimer laser applications and at the same time, the company reaffirms its commitment to environmentally friendly rare-gas technologies. EFC also announced that this OEM-qualified innovation is a great leap forward in operational efficiency and environmental performance in semiconductor laser ​‍​‌‍​‍‌​‍​‌‍​‍‌processes, which is likely to support the Australia neon gas market growth.

Key Drivers and Trends

ESG and Neon Recycling as a Market Driver

Environmental, social, and governance (ESG) initiatives are increasingly shaping the neon gas market, particularly in the semiconductor and industrial sectors. SK hynix, in collaboration with South Korean specialty gas manufacturer TEMC, pioneered the industry’s first neon gas recycling technology in April 2024, capturing, purifying, and reusing neon from lithography processes. This innovation reduces reliance on imports and cuts annual neon purchasing costs by USD 30 million. Such sustainability-focused practices are expected to encourage Australian companies to adopt circular-economy strategies, enhancing supply security and operational efficiency.

Strengthened local supply through a strategic acquisition

The Australia neon gas market value is significantly driven by the strategic acquisitions of local suppliers that enhance their technical and financial capabilities. The best instance is the acquisition of Coregas by Nippon Sanso Holdings in July 2025, which also included the specialty gas operations of the company. By this consolidation, Coregas is expected not only to raise its ability to invest in rare gases like neon but also to improve the infrastructure and satisfy the demand from the semiconductor and specialty-industries that are rapidly growing. These kinds of activities are a step forward to a more stable and competitive local market that will be able to provide a continuous supply to downstream industries.

Product Portfolio Expansion to Support Industry Demand

Extremely pure neon is witnessing high demand in Australia neon gas market owing to its importance in the production of semiconductors, excimer lasers, and highly specialized medical applications. Coregas’s Neon 4.5 (≥ 99.995%) is one of the local specialty gases in which the quality of neon is guaranteed and is readily available for domestic industries. By suppliers assuring the availability and extension of such products they not only make the local supply chain more robust but also improve market confidence and lay the groundwork for future investments, collaborations, and technological advances in the neon gas field.

Vertical integration and product security by integrated gas extraction

To secure the complete Australia neon gas market supply chain and thus ensure consistent quality and availability for downstream industries, industrial-gas companies are turning to vertical integration more and more. Messer Group serves as a good example, as it carries out a vertically integrated neon production process that envelops atmospheric extraction, purification, and distribution, thus the company is less dependent on third-party suppliers. This kind of integration boosts supply reliability, lowers the risk of shortages, and hence, is profitable for Australian manufacturers and semiconductor firms that require high-purity neon to be used in their critical applications, such as lasers and lithography processes.

Expansion of laser-grade neon mixtures

The increasing need for precision lasers as well as semiconductor lithography is urging suppliers to expand their portfolio of neon-based gas mixtures. Matheson Tri-Gas provides certified neon-helium and neon-halogen excimer mixtures that are specifically designed for photonics and electronics applications. Suppliers, by extending the range of specialized neon blends, can facilitate the introduction of advanced technology in Australia which, in turn, assures that manufacturers will have access to reliable, high-purity gases that are indispensable for semiconductor fabrication, laser technologies, and other industries that are critical but not very ​‍​‌‍​‍‌​‍​‌‍​‍‌obvious.

Australia Neon Gas Market Share

By application, electronics and semiconductor sector amass substantial revenue

Neon​‍​‌‍​‍‌​‍​‌‍​‍‌ demand keeps increasing as the makers of semiconductors are broadening the capacity of advanced-nodes and upgrading their lithography-intensive lines. Different suppliers are improving their purification and recovery systems to be able to supply fabs that require ultra-high purity. A significant move was made when Samsung, in August 2024, announced that it would invest 17 billion dollars to increase the production of next-generation chips at its Texas facility, thus increasing the need for excimer-laser gases like neon. These kinds of expansions strengthen long term neon consumption.

The signage and architectural lighting application generate significant Australia neon gas market revenue and is gaining a lot of positive attention due to the return of premium neon installations in commercial, retail, and cultural spaces. The companies are upgrading the traditional neon lighting by using energy-efficient transformers and better glass-tube fabrication. A significant modernization was made when, in November 2024, Signify introduced its new Philips Neon LED series that is meant to mimic the look of the traditional neon but with better efficiency. Such product innovations, thus, indirectly help to keep the demand for the conventional neon that requires the use of specialty gases for the traditional neon to ​‍​‌‍​‍‌​‍​‌‍​‍‌continue.

By supply mode, on-site supply demonstrates notable growth

On-site​‍​‌‍​‍‌​‍​‌‍​‍‌ gas production is transforming the Australia neon gas market outlook, with industrial gas companies and end-users focusing on reliability, purity, and lessening the logistical risks. Air Liquide, among others, has signed a record-breaking number of 62 new small on-site gas production unit agreements in 2023, mainly in the electronics and industrial merchant sectors. Hence, by putting production right at customers' sites, companies not only do away with truck transport emissions, but also ensure a continuous supply of neon and other gases and help customers to maintain their long-term contracts with the best purity and availability.

Specialty-gas users with large volumes are turning to bulk and micro-bulk supply, thus, the gas companies are upgrading the delivery infrastructure and making it more automated. Big suppliers like Air Products and Linde are spending money on sophisticated bulk tank logistics and automated re-fill systems to lessen the time lost for re-filling and the risk of inventory. For instance, Air Liquide made a EUR 250 million pledge to build a gas complex in Dresden to provide ultra-high-purity gases on-site via three ASUs and the associated infrastructure, a platform that is quite similar to how bulk/micro-bulk modes facilitate major industrial ​‍​‌‍​‍‌​‍​‌‍​‍‌hubs. Such efforts are influencing the Australia neon gas market growth.

By end-uses, electronics register remarkable market growth

Neon​‍​‌‍​‍‌​‍​‌‍​‍‌ demand remains very strong with a continued expansion of photolithography capacity by chipmakers, for excimer lasers. To back this, suppliers like Linde are broadening their rare-gas production, blending, and purification capabilities. As a matter of fact, Linde is providing specialized excimer laser mixtures such as argon/fluorine/neon and krypton/fluorine/neon which are tailor-made for deep-UV lithography and high-resolution display manufacturing. That way, consistent neon quality and supply for advanced semiconductor fabrication are guaranteed.

The Australia neon gas market is witnessing high demand from the healthcare end-use category through its implementation in precision excimer-laser systems for surgical and dermatology applications. Linde, as a matter of fact, specifies medical uses as the main application for their neon gas mixtures: its rare-gas portfolio includes excimer laser grades used for operations on the cornea and skin treatments. So, as these high-purity gases become the core of medical laser performance, neon consumption is backed by specialist suppliers who are upgrading blending and logistics ​‍​‌‍​‍‌​‍​‌‍​‍‌capacities.

Australia Neon Gas Market Regional Analysis

By region, New South Wales significantly contributes to the market growth

New South Wales continues to strengthen its position as a key neon-consuming hub as specialty-gas suppliers expand cleaner production pathways and improve stability of high-purity gas supply. This direction is reinforced by BOC (Linde) securing a ten-year renewable-energy agreement with Zen Energy in April 2025, enabling almost half of its NSW electricity needs to be met through solar power. Such low-carbon sourcing supports greener purification operations and helps NSW attract advanced manufacturing and research users requiring stable neon availability.

Western Australia is emerging as a strategic industrial-gas centre in the Australia neon gas market landscape, as major process industries, energy projects, and advanced manufacturing drive higher neon-related demand. This momentum increased when Linde Engineering announced in 2024 its plan to supply a large air-separation unit for Australia’s largest urea plant in Karratha. Although centred on bulk gases, such infrastructure investments strengthen WA’s wider gas-production ecosystem, indirectly supporting future rare-gas processing, purification capacity, and improved supply resilience for neon-dependent industries.

Competitive Landscape

Top​‍​‌‍​‍‌​‍​‌‍​‍‌ Australia neon gas market players such as Linde, Air Liquide, and Air Products are upgrading their rare-gas facilities by expanding purification units, introducing energy-saving distillation, and improving recovery systems to stabilize supply. Besides, firms are also diversifying their supply routes and creating long-term contracts with semiconductor customers. These measures slow down the consequences of worldwide supply disruptions and at the same time facilitate the implementation of advanced-node lithography, flat-panel display manufacturing, and high-precision laser production.

Specialized neon gas companies such as Cryoin Engineering, Ingas, and Iceblick are upgrading their cryogenic separation, excimer-grade gas refinement, and logistics to meet increasing demand in the Asia-Pacific and North America regions. At the same time, companies like Messer and Taiyo Nippon Sanso are investing in expanding micro-bulk delivery systems, digital monitoring platforms, and on-site gas solutions. The implementation of these measures together leads to improved purity stability, shortened lead times, and strengthened supply in the Australia neon gas market, for the electronics, medical, and research ​‍​‌‍​‍‌​‍​‌‍​‍‌industries.

Linde​‍​‌‍​‍‌​‍​‌‍​‍‌ plc

Linde plc is a world leader in industrial gases that was founded in 1879. It is located in Woking, United Kingdom, and has operations in advanced manufacturing, healthcare, and electronics industries. The company has been characterized by their high-purity gases, rare-gas purification technologies, and they have a strong engineering capability to support the large-scale process industries.

Air Liquide

Established in 1902, and located in Paris, France, Air Liquide is a very large multinational industrial and specialty gases supplier that provides the electronics, healthcare, energy, and scientific markets with their products and services. The company is welcomed due to its innovation in the production of high-purity gases, molecule management, and the use of advanced gas distribution systems.

Ingas LLC

Ingas LLC, was established in 2004 and is located in Mariupol, Ukraine. It focuses on the rare gases and high-purity neon that are utilized in lithography of the semiconductors and laser applications. The company is famous worldwide for its purification expertise and the stability of the excimer-grade gas products supply.

Cryoin Engineering Ltd.

Cryoin Engineering Ltd. was established in 1993 and it is located in Odessa, Ukraine. It is a major producer of rare gases such as neon, krypton, and xenon for the electronics and scientific industries. The firm is known for its technologically advanced cryogenic distillation systems and dependable exports to semiconductor markets ​‍​‌‍​‍‌​‍​‌‍​‍‌worldwide.

Other players in the market include Messer Group GmbH, Matheson Tri-Gas Inc., Taiyo Nippon Sanso Corporation, Air Products, Iceblick Ltd., and Airgas Inc., among others.

Key Highlights of the Australia Neon Gas Market Report

• Historical performance and accurate forecasts through 2035, offering clear visibility into demand cycles, pricing patterns, and supply-chain shifts influencing neon consumption across Australia.
• ​‍​‌‍​‍‌​‍​Insights into product innovations, tracking advancements in high-purity neon, excimer-laser gas blends, and energy-efficient purification technologies adopted by global and regional suppliers.
• Exhaustive competitive landscape analysis of the top local and foreign gas manufacturers, their production capacities, product portfolios, financial performance, and strategic initiatives.
• Geographical study uncovering new demand sources mainly next to the semiconductor, electronics, laser manufacturing, and research industry clusters in New South Wales, Victoria, Queensland, and Western Australia.
• An investor-centric vision backed up by thorough assessments that reveal a wealth of growth opportunities in the Australia neon gas market, the need for modernization of the existing infrastructure, technology integration, and the opening up of potential partnership avenues in the rare-gas supply ​‍​‌‍​‍‌​‍​‌‍​‍‌ecosystem.

Why Choose Expert Market Research?

• Trusted insights backed by extensive primary research, industry interviews, and validation from leading market participants.
• Actionable data for strategic decision-making, enabling manufacturers, investors, and policymakers to assess risks, gaps, and growth opportunities effectively.
• Region-wise and product-specific analysis, providing granular metrics across applications, supply modes, and end-use industries for better targeting and forecasting.

Call to Action

Explore the latest trends shaping the Australia Neon Gas Market 2026-2035 with our in-depth report. Gain strategic insights, future forecasts, and key market developments that can help you stay competitive. Download a free sample report or contact our team for customized consultation on Australia neon gas market trends 2026.