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Historical Year
Forecast Year
The global krypton gas market is expected to grow at a CAGR of 6% in the forecast period of 2024-2032.
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Region-wise, Europe is significantly contributing, in terms of production, to the krypton gas industry globally. This could be attributed to the growing government initiatives and rising growth of the building and construction sector in the region, which are propelling the growth of sustainable buildings over the forecast period. Europe is followed by North America and the Asia Pacific. The Asia Pacific region is being driven by the increasing demand from the semiconductor sector, which is led by rapid technological innovations and rising demand for chips in the artificial intelligence industry in the region. Further, the krypton gas is widely used in the production of excimer laser, consequently fueling the demand for krypton gas in the forecast period.
Krypton gas is a rare gas found in extremely low concentrations in air. It is produced via Linde process of air separation. Krypton gas, owing to its physical properties, accumulates with xenon which is present in the liquid oxygen at the base of the rectification column. It exhibits high insulating properties and high rate of heat dissipation on its usage in energy-efficient windows.
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On the basis of function, the market is bifurcated into:
Based on application, the industry can be segmented into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The market growth for krypton gas is being driven by the growing demand for oxygen due to the rising number of patients requiring ventilators has rapidly increased in the wake of the COVID-19 outbreak. In addition, hospitals and governments across the globe are anticipating an increase in the COVID cases; therefore such institutions are building up inventories to prevent shortages in the forecast period, which is expected to propel the market growth of krypton gas. Further, the rising R&D activities to develop new technologies for the production of krypton gas globally is predicted to generate new opportunities for the krypton gas industry over the forecast period.
However, the market for krypton gas is anticipated to witness obstruction due to the rise in the adoption of LED lamps in the lighting industry which will negatively affect the market growth of incandescent lamps with krypton gas over the coming years.
The report gives a detailed analysis of the following key players in the global krypton gas market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Function |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 6% between 2024 and 2032.
The major drivers of the market include growing government initiatives, rising demand from the building and construction sector, and increasing demand from the semiconductor sector.
The key trends of the market include the rising R&D activities to develop new technologies for the production of krypton gas and the rapid technological innovations.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading functions of krypton gas in the market are illumination and insulation.
The major applications in the market are lighting, glass windows, laser, and R&D, among others.
Krypton is commercially produced by the fractional distillation of liquified air.
The major players in the global krypton gas market are Air Liquide UK Ltd, Linde plc, Air Products Inc., Praxair Technology, Inc., Messer Group GmbH, and Proton Gases (India) Private Limited, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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