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Global Krypton Gas Market Size, Analysis, Forecast: By Function: Illumination, Insulation; By Application: Lighting, Glass Windows, Laser, R & D, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Regional Analysis; Competitive Landscape; 2024-2032
Global Krypton Gas Market Outlook
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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Growing Government Initiatives to Aid the Market Growth of Krypton Gas
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: Market Segmentation
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:
- Illumination
- Insulation
Based on application, the industry can be segmented into:
- Lighting
- Glass Windows
- Laser
- R & D
- Others
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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Rising R&D Activities to Aid the Market Growth of Krypton Gas
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.
Key Industry Players in the Global Krypton gas Market
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:
- Air Liquide UK Ltd
- Linde plc
- Air Products Inc.
- Praxair Technology, Inc.
- Messer Group GmbH
- Proton Gases (India) Private Limited
- Others
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.
Key Highlights of the Report
| 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 |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Krypton Gas Market Analysis
8.1 Key Industry Highlights
8.2 Global Krypton Gas Historical Market (2018-2023)
8.3 Global Krypton Gas Market Forecast (2024-2032)
8.4 Global Krypton Gas Market by Function
8.4.1 Illumination
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Insulation
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Krypton Gas Market by Application
8.5.1 Lighting
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Glass Windows
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Laser
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 R & D
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Krypton Gas Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Krypton Gas Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Krypton Gas Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Krypton Gas Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Krypton Gas Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Krypton Gas Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Air Liquide UK Ltd
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Linde plc
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Air Products Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Praxair Technology, Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Messer Group GmbH
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Proton Gases (India) Private Limited
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Krypton Gas Market: Key Industry Highlights, 2018 and 2032
2. Global Krypton Gas Historical Market: Breakup by Function (USD Billion), 2018-2023
3. Global Krypton Gas Market Forecast: Breakup by Function (USD Billion), 2024-2032
4. Global Krypton Gas Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Krypton Gas Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Krypton Gas Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Krypton Gas Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Krypton Gas Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Krypton Gas Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Krypton Gas Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Krypton Gas Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Krypton Gas Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Krypton Gas Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Krypton Gas Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Krypton Gas Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Krypton Gas Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Krypton Gas Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Krypton Gas Market Structure
Key Questions Answered in the Report
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.
Analyst Review
The global krypton gas market is being driven by the rising demand from the semiconductor sector and the growing rare gas market. Aided by the technological advancements, the rare gas market is expected to witness a healthy growth in the forecast period of 2024-2032, growing at a CAGR of 6%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By function, the market is divided into illumination and insulation. On the basis of application, the industry is segmented into lighting, glass windows, laser, and R&D, among others. The major regional markets for krypton gas are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Air Liquide UK Ltd, Linde plc, Air Products Inc., Praxair Technology, Inc., Messer Group GmbH, and Proton Gases (India) Private Limited, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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