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Krypton Gas Market Size, Share, Analysis & Forecast [2031]
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Krypton Gas Market Size, Share, Analysis & Forecast [2031]

Segments - Global Krypton Gas Market by Application (Lighting, Laser, Windows Insulation, and Others) Type (N3, N4.5, and N5), Supply Mode (Cylinders, Bulk & Micro Bulk, Tanks, and On-Site), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Swapnil Hedau

Upcoming | Report ID :EP-5080 | 4.7 Rating | 70 Reviews | 174 Pages | Format : PDF Excel PPT

Report Description


The global krypton gas market size was valued at around USD 170.5 million in 2022 and is expected to reach USD 275 million by 2031, expanding at a CAGR of 5.5% during the forecast period, 2023–2031. The growth of the market is attributed to the rising sales of glazing glass from the commercial sector, growing number of residential and commercial projects are propelling the adoption of insulated glazed units, which in turn are fueling the sale of krypton gas.

Krypton gas is a rare gas that is found in extremely low concentrations in the air. It is procured through the Linde process of air separation. The physical properties of krypton gas accumulate along with xenon, which is present in liquid oxygen at the bottom surface of the. Krypton gas exhibits high insulating properties and has a high rate of heat dissipation during its usage in energy-efficient windows. Krypton gas is used for commercial lighting and is especially, widely used in the construction of high-end triple and double glass windows. It possesses superior thermal insulation with high effectiveness. The gas is employed to act as a filler gas in gas discharge tubes, halogen bulbs, and energy-saving bulbs in light-up billboards and large hoardings.

Global Krypton Gas Market Outlook

The global krypton gas market was adversely impacted by the covid-19 pandemic. Lockdowns were imposed by several nations around the world as a part of measures to prevent the spread of virus. It impeded the supply of construction and insulation materials. The krypton gas is widely employed in lighting systems to increase the system’s tenure. Lockdowns halted the production of the incandescent and fluorescent lighting systems. This, in turn, reduced the demand for krypton gas across the globe.

Various countries are engaging in building smart cities and townships, which in turn, is expected to rapidly boost the construction and infrastructure sectors. Thereby propelling the demand for insulated glass windows during the forecast period.

People are migrating from rural to urban areas in search of better opportunities, which is catapulting urbanization across developing nations. This, in turn, is boosting the sale of commercial lighting in the coming years.

Krypton emits a radiant and bright light, ideally used for flashbulbs, fluorescent lamps, lasers for laser shows, airport runway lights, and neon signage, among others. The emitted glow is greenish-yellow or bluish when combined with other gases, rising sale of krypton gas is likely to fuel the market.

Krypton is a rare noble gas, with limited availability, which makes it costly for customers, thus customers prefer to opt for their various alternatives. This, in turn, is expected to hinder the market in the coming years.

Companies and governments are heavily investing in R&D and technological advancements for the production of krypton gas globally. These, in turn, are projected to create immense opportunities for the global krypton gas market players in the coming years.

Government around the global are heavily investing in various public infrastructure and residential projects. This, in turn, is anticipated to create significant opportunities for the market players.

Scope of the Krypton Gas Market Report

The report on the global krypton gas market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Krypton Gas Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Application (Lighting, Laser, Windows Insulation, and Others), Type (N3, N4.5, and N5), Supply Mode (Cylinders, Bulk & Micro Bulk, Tanks, And On-Site)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Universal Industrial Gases, Inc.; Linde plc; Taiyo Nippon Sanso Corporation; Shengying Gas; RasGas Company Limited; Proton Gases; Praxair Technology, Inc.; Nanjing Special Gas; Messer Group; Ice Blick; Gulf Cryo; BASF SE; AIR WATER INC.; Air Products; and Chemicals, Inc.

 

Krypton Gas Market Segment Insights

On the basis of application, the krypton gas market is segmented into lighting, laser, window insulation, and others. The lighting segment is expected to expand at a robust growth rate during the forecast period owing to the rising demand for decorative and commercial lighting and growing demand for energy-efficient bulbs. Krypton gas aids in enhancing the lifespan of the light bulbs in a fluorescent lighting system.

Global Krypton Gas Market Application

Based on type, the market is segregated into N3, N4.5, and N5. The N4.5 segment is projected to register a considerable CAGR during the forecast period due to its extensively used insulation of windows for building energy-efficient constructions. On the other hand, the N5 segment is anticipated to account for a major market share during the forecast period owing to its extremely useful in aerospace thruster applications.

Global Krypton Gas Market Type

In terms of supply mode, the market is segregated into cylinders, bulk & micro bulk, tanks, and on-site. The cylinder segment held a key account share during the forecast period. Manufacturers are packaging krypton gas in cylinders for applications in the healthcare, electronics, and automotive sectors, thus fueling the cylinders segment. The tank segment, on the other hand, is expected to expand at a significant pace due to its capacity to transport large quantities of krypton gas over long distances.

On the basis of region, the global krypton gas market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is expected to dominate the market during the projected period owing to the several developing countries such as China, India, and Japan who extensively use krypton gas in industries such as agriculture and chemical industries.

Global Krypton Gas Market Regions

Segments

The global krypton gas market has been segmented on the basis of

Application

  • Lighting
  • Laser
  • Windows Insulation
  • Others

Type

  • N3
  • N4.5
  • N5

Supply Mode

  • Cylinders
  • Bulk & Micro Bulk
  • Tanks
  • On-Site

Region

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Universal Industrial Gases, Inc.
  • Linde plc
  • Taiyo Nippon Sanso Corporation
  • Shengying Gas
  • RasGas Company Limited
  • Proton Gases
  • Praxair Technology, Inc.
  • Nanjing Special Gas
  • Messer Group
  • Ice Blick
  • Gulf Cryo
  • BASF SE
  • AIR WATER INC.
  • Air Products and Chemicals, Inc.

Competitive Landscape

Key players in the global krypton gas market are Universal Industrial Gases, Inc.; Linde plc; Taiyo Nippon Sanso Corporation; Shengying Gas; RasGas Company Limited; Proton Gases; Praxair Technology, Inc.; Nanjing Special Gas; Messer Group; Ice Blick; Gulf Cryo; BASF SE; AIR WATER INC.; Air Products and Chemicals, Inc.; and Others. They engage in business development strategies including acquisition, collaboration, merger, partnerships, product launches, and production capacity expansion to expand their consumer base and enhance their market share.

Global Krypton Gas Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Krypton Gas Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Krypton Gas Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Krypton Gas Market - Supply Chain
  4.5. Global Krypton Gas Market Forecast
     4.5.1. Krypton Gas Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Krypton Gas Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Krypton Gas Market Absolute $ Opportunity
5. Global Krypton Gas Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Krypton Gas Market Size and Volume Forecast by Types
     5.3.1. N3
     5.3.2. N4.5
     5.3.3. N5
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Krypton Gas Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Krypton Gas Market Size and Volume Forecast by Applications
     6.3.1. Lighting
     6.3.2. Laser
     6.3.3. Windows Insulation
     6.3.4. Others
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Krypton Gas Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Krypton Gas Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Krypton Gas Demand Share Forecast, 2019-2026
8. North America Krypton Gas Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Krypton Gas Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Krypton Gas Market Size and Volume Forecast by Types
     8.4.1. N3
     8.4.2. N4.5
     8.4.3. N5
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Krypton Gas Market Size and Volume Forecast by Applications
     8.7.1. Lighting
     8.7.2. Laser
     8.7.3. Windows Insulation
     8.7.4. Others
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Krypton Gas Demand Share Forecast, 2019-2026
9. Latin America Krypton Gas Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Krypton Gas Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Krypton Gas Market Size and Volume Forecast by Types
     9.4.1. N3
     9.4.2. N4.5
     9.4.3. N5
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Krypton Gas Market Size and Volume Forecast by Applications
     9.7.1. Lighting
     9.7.2. Laser
     9.7.3. Windows Insulation
     9.7.4. Others
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Krypton Gas Demand Share Forecast, 2019-2026
10. Europe Krypton Gas Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Krypton Gas Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Krypton Gas Market Size and Volume Forecast by Types
     10.4.1. N3
     10.4.2. N4.5
     10.4.3. N5
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Krypton Gas Market Size and Volume Forecast by Applications
     10.7.1. Lighting
     10.7.2. Laser
     10.7.3. Windows Insulation
     10.7.4. Others
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Krypton Gas Demand Share Forecast, 2019-2026
11. Asia Pacific Krypton Gas Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Krypton Gas Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Krypton Gas Market Size and Volume Forecast by Types
     11.4.1. N3
     11.4.2. N4.5
     11.4.3. N5
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Krypton Gas Market Size and Volume Forecast by Applications
     11.7.1. Lighting
     11.7.2. Laser
     11.7.3. Windows Insulation
     11.7.4. Others
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Krypton Gas Demand Share Forecast, 2019-2026
12. Middle East & Africa Krypton Gas Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Krypton Gas Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Krypton Gas Market Size and Volume Forecast by Types
     12.4.1. N3
     12.4.2. N4.5
     12.4.3. N5
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Krypton Gas Market Size and Volume Forecast by Applications
     12.7.1. Lighting
     12.7.2. Laser
     12.7.3. Windows Insulation
     12.7.4. Others
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Krypton Gas Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Krypton Gas Market: Market Share Analysis
  13.2. Krypton Gas Distributors and Customers
  13.3. Krypton Gas Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Universal Industrial Gases, Inc.
     13.4.2. Linde plc
     13.4.3. Taiyo Nippon Sanso Corporation
     13.4.4. Shengying Gas
     13.4.5. RasGas Company Limited
     13.4.6. Proton Gases
     13.4.7. Praxair Technology, Inc.
     13.4.8. Nanjing Special Gas
     13.4.9. Messer Group
     13.4.10. Ice Blick
     13.4.11. Gulf Cryo
     13.4.12. BASF SE
     13.4.13. AIR WATER INC.
     13.4.14. Air Products and Chemicals, Inc.

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