Krypton Market
PUBLISHED: 2022 ID: SMRC21934
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Krypton Market

Krypton Market Forecasts to 2028 - Global Analysis By Product Type (N3, N4.5, N5), Type (Pure gas, Mixed composition), Application (Window Insulation, Laser, Lighting, Others) and By Geography

4.7 (51 reviews)
4.7 (51 reviews)
Published: 2022 ID: SMRC21934

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $48.35 MN

Projected Year Value (2028)

US $54.13 MN

CAGR (2022 - 2028)

1.9%

Regions Covered

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

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Fastest Growing Market

North America


According to Stratistics MRC, the Krypton Market is accounted for $48.35 million in 2022 and is expected to reach $54.13 million by 2028 growing at a CAGR of 1.9% during the forecast period. Krypton is a chemical element with a chemical symbol of Kr and an atomic number of 36. It is a colorless, odorless, odorless inert gas that is orange-red when it is discharged and contains traces in the atmosphere. Separated in liquid air, often used to make fluorescent lamps. It is used to fill the spaces between glass panels while making insulation glass in order to provide heat insulation and sound absorption qualities. The larger the volume of gas-filled, the higher is the insulation, thermal protection, and soundproof effect provided by these panels.

According to a survey conducted by the U.S. Energy Information Administration in 2015, in the U.S., around 51% of energy consumption is utilized for heating and cooling purposes.



Market Dynamics:

Driver:

Soaring Demand for Kr in Glazing Windows Production

Factors that drive the global krypton market due to the increasing demand in the adoption for the high-end double and triple glazed windows. It provides superior thermal as well as acoustic insulation. It is relatively more expensive than argon, which dominates the market. However, it is gaining significant traction as the demand for high-performance and energy-efficient windows increases. These multilayered windows have sound-absorbing properties. They are experiencing surging demand from areas with high temperatures in the Middle East to the cold temperatures in Europe and other parts of the world.

Restraint:

Availability of Alternatives to Obstruct

Following factors are expected to restrain the market growth. As argon is produced on a large scale in more than 950 facilities worldwide. Argon is mainly used as a substitute for this gas, as it is less expensive. It not only provides better insulation properties than Kr gas but also helps to reduce energy demand for energy-efficient buildings. Less availability makes it a more expensive option. Cost is the primary concern for customers. Less availability and high price make it difficult to compete in the market

Opportunity:

Rising Usage of Krypton in Satellites

The market has numerous growth opportunities conducted by governments around Europe to produce krypton gas. Due to technological advancements and rising demand for chips in the artificial intelligence business, the semiconductor industry is driving the market in the Asia Pacific region. The manufacture of the excimer laser also requires krypton gas, which will contribute to the market’s expansion globally throughout the course of the forecast period.
Threat:

Hazardous to health

Krypton gas causes severe effects on the health upon inhalation. This inert gas is classified as a simple asphyxiant. Dizziness, nausea, vomiting, loss of consciousness, and death can all be symptoms of excessive inhalation. A delay in judgment, confusion, or loss of consciousness that hinders self-rescue might also result in death due to the consumption of krypton gas.

Covid-19 Impact:

Since the announcement of lockdown in many countries across the globe, the availability of insulation and building supplies was significantly compromised. This resulted in the cancellation or postponement of numerous non-medical infrastructure development projects, which further slowed the market for window insulating items like glass panels. For instance, the U.S.-based National Glass Association described that people avoided the entry of glass fitting personnel in many cities, including New York.

The N5 segment is expected to be the largest during the forecast period

The N5 segment is expected to have a lucrative growth during the forecast period, because krypton is being used in more aerospace thruster applications. The h-grade, also known as N5 type, is segmented based on purity and has a purity of 99.999%. Additionally, this grade is very expensive and has produced outcomes in the aerospace industry that are exceedingly promising. Moreover, its electrical generation capacity can project light at least 1000 feet in the air, it is highly helpful for lighting roadways in foggy conditions.

The sealed lead acid battery segment is expected to have the highest CAGR during the forecast period

The sealed lead acid battery segment is anticipated to witness the fastest CAGR growth during the forecast period, as these batteries are the recommended alternatives for the makers because they are inexpensive. The usage of electric vehicles is also being encouraged by their low self-discharging capacity and ease of manufacture.

Region with highest share:

The Asia Pacific region market is estimated to witness a highest share of the global krypton market during the forecast period, due to the emerging economies' quick economic growth and the robust demand from the semiconductor and construction industries. This decade saw an increase in urbanisation in China, which brought about prosperous expansion chances for the related sectors. In recent years, the region's well-established semiconductor and electronics sectors have also greatly boosted demand for krypton.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, due to resurgent construction industry and government efforts for promoting energy-efficient and greener buildings have generated major demand for noble gas filled windows in the local market. With the use of this gas as a propellant in the aerospace industry, the demand in the area is anticipated to increase even more. Because Kr is more affordable and widely available than xenon for satellite launches, space exploration organisations like SpaceX have chosen to employ it in electric propulsion engines instead of xenon.



Key players in the market

Some of the key players in Krypton market include Akela-p Medical Gases P. Ltd., Messer Group GmbH, Air Products & Chemicals, Inc., Electronic Fluorocarbons, LLC, Proton Gases (India) Pvt. Ltd., Matheson Tri-Gas, Inc., Nanjing Special Gas, Praxair, Linde plc, American Gas Products (AGP LLC), Iceblick Ltd., Wisco Oxygen, 8 Coregas Pty Ltd., Universal Industrial gases, Inc., Airliquide.

Key Developments:

In June 2022, The Russian government restricted the export of noble gases, including Xe and Kr by the end of 2022. This has increased the prices of these gases sharply. Special state permit would be required to export these products in the international gas market.

In May 2021, The Israel Institute of Technology launched three new nano-satellites, which contain the Kr propulsion system. These nano-satellites are strategically launched to monitor the signals received from Earth and to calculate the actual locations of vessels and aircraft

Product Types Covered:
• N3
• N4.5
• N5

Types Covered:
• Pure gas
• Mixed composition

Applications Covered:
• Window Insulation
• Laser
• Lighting
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
 

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Krypton Market, By Product Type
5.1 Introduction
5.2 N3
5.3 N4.5
5.4 N5

6 Global Krypton Market, By Type
6.1 Introduction
6.2 Pure gas
6.3 Mixed composition

7 Global Krypton Market, By Application
7.1 Introduction
7.2 Window Insulation
7.3 Laser
7.4 Lighting
7.5 Other Applications

11 Global Krypton Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa

12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies

13 Company Profiling
13.1 Akela-p Medical Gases P. Ltd.
13.2 Messer Group GmbH
13.3 Air Products & Chemicals, Inc.
13.4 Electronic Fluorocarbons, LLC
13.5 Proton Gases (India) Pvt. Ltd.
13.6 Matheson Tri-Gas, Inc.
13.7 Nanjing Special Gas
13.8 Praxair
13.9 Linde plc
13.10 American Gas Products (AGP LLC)
13.11 Iceblick Ltd.
13.12 Wisco Oxygen
13.13 8 Coregas Pty Ltd.
13.14 Universal Industrial gases, Inc.
13.15 Airliquide

List of Tables
1 Global Krypton Market Outlook, By Region (2020-2028) ($MN)
2 Global Krypton Market Outlook, By Product Type (2020-2028) ($MN)
3 Global Krypton Market Outlook, By N3 (2020-2028) ($MN)
4 Global Krypton Market Outlook, By N4.5 (2020-2028) ($MN)
5 Global Krypton Market Outlook, By N5 (2020-2028) ($MN)
6 Global Krypton Market Outlook, By Type (2020-2028) ($MN)
7 Global Krypton Market Outlook, By Pure gas (2020-2028) ($MN)
8 Global Krypton Market Outlook, By Mixed composition (2020-2028) ($MN)
9 Global Krypton Market Outlook, By Application (2020-2028) ($MN)
10 Global Krypton Market Outlook, By Window Insulation (2020-2028) ($MN)
11 Global Krypton Market Outlook, By Laser (2020-2028) ($MN)
12 Global Krypton Market Outlook, By Lighting (2020-2028) ($MN)
13 Global Krypton Market Outlook, By Other Applications (2020-2028) ($MN)
14 North America Krypton Market Outlook, By Country (2020-2028) ($MN)
15 North America Krypton Market Outlook, By Product Type (2020-2028) ($MN)
16 North America Krypton Market Outlook, By N3 (2020-2028) ($MN)
17 North America Krypton Market Outlook, By N4.5 (2020-2028) ($MN)
18 North America Krypton Market Outlook, By N5 (2020-2028) ($MN)
19 North America Krypton Market Outlook, By Type (2020-2028) ($MN)
20 North America Krypton Market Outlook, By Pure gas (2020-2028) ($MN)
21 North America Krypton Market Outlook, By Mixed composition (2020-2028) ($MN)
22 North America Krypton Market Outlook, By Application (2020-2028) ($MN)
23 North America Krypton Market Outlook, By Window Insulation (2020-2028) ($MN)
24 North America Krypton Market Outlook, By Laser (2020-2028) ($MN)
25 North America Krypton Market Outlook, By Lighting (2020-2028) ($MN)
26 North America Krypton Market Outlook, By Other Applications (2020-2028) ($MN)
27 Europe Krypton Market Outlook, By Country (2020-2028) ($MN)
28 Europe Krypton Market Outlook, By Product Type (2020-2028) ($MN)
29 Europe Krypton Market Outlook, By N3 (2020-2028) ($MN)
30 Europe Krypton Market Outlook, By N4.5 (2020-2028) ($MN)
31 Europe Krypton Market Outlook, By N5 (2020-2028) ($MN)
32 Europe Krypton Market Outlook, By Type (2020-2028) ($MN)
33 Europe Krypton Market Outlook, By Pure gas (2020-2028) ($MN)
34 Europe Krypton Market Outlook, By Mixed composition (2020-2028) ($MN)
35 Europe Krypton Market Outlook, By Application (2020-2028) ($MN)
36 Europe Krypton Market Outlook, By Window Insulation (2020-2028) ($MN)
37 Europe Krypton Market Outlook, By Laser (2020-2028) ($MN)
38 Europe Krypton Market Outlook, By Lighting (2020-2028) ($MN)
39 Europe Krypton Market Outlook, By Other Applications (2020-2028) ($MN)
40 Asia Pacific Krypton Market Outlook, By Country (2020-2028) ($MN)
41 Asia Pacific Krypton Market Outlook, By Product Type (2020-2028) ($MN)
42 Asia Pacific Krypton Market Outlook, By N3 (2020-2028) ($MN)
43 Asia Pacific Krypton Market Outlook, By N4.5 (2020-2028) ($MN)
44 Asia Pacific Krypton Market Outlook, By N5 (2020-2028) ($MN)
45 Asia Pacific Krypton Market Outlook, By Type (2020-2028) ($MN)
46 Asia Pacific Krypton Market Outlook, By Pure gas (2020-2028) ($MN)
47 Asia Pacific Krypton Market Outlook, By Mixed composition (2020-2028) ($MN)
48 Asia Pacific Krypton Market Outlook, By Application (2020-2028) ($MN)
49 Asia Pacific Krypton Market Outlook, By Window Insulation (2020-2028) ($MN)
50 Asia Pacific Krypton Market Outlook, By Laser (2020-2028) ($MN)
51 Asia Pacific Krypton Market Outlook, By Lighting (2020-2028) ($MN)
52 Asia Pacific Krypton Market Outlook, By Other Applications (2020-2028) ($MN)
53 South America Krypton Market Outlook, By Country (2020-2028) ($MN)
54 South America Krypton Market Outlook, By Product Type (2020-2028) ($MN)
55 South America Krypton Market Outlook, By N3 (2020-2028) ($MN)
56 South America Krypton Market Outlook, By N4.5 (2020-2028) ($MN)
57 South America Krypton Market Outlook, By N5 (2020-2028) ($MN)
58 South America Krypton Market Outlook, By Type (2020-2028) ($MN)
59 South America Krypton Market Outlook, By Pure gas (2020-2028) ($MN)
60 South America Krypton Market Outlook, By Mixed composition (2020-2028) ($MN)
61 South America Krypton Market Outlook, By Application (2020-2028) ($MN)
62 South America Krypton Market Outlook, By Window Insulation (2020-2028) ($MN)
63 South America Krypton Market Outlook, By Laser (2020-2028) ($MN)
64 South America Krypton Market Outlook, By Lighting (2020-2028) ($MN)
65 South America Krypton Market Outlook, By Other Applications (2020-2028) ($MN)
66 Middle East & Africa Krypton Market Outlook, By Country (2020-2028) ($MN)
67 Middle East & Africa Krypton Market Outlook, By Product Type (2020-2028) ($MN)
68 Middle East & Africa Krypton Market Outlook, By N3 (2020-2028) ($MN)
69 Middle East & Africa Krypton Market Outlook, By N4.5 (2020-2028) ($MN)
70 Middle East & Africa Krypton Market Outlook, By N5 (2020-2028) ($MN)
71 Middle East & Africa Krypton Market Outlook, By Type (2020-2028) ($MN)
72 Middle East & Africa Krypton Market Outlook, By Pure gas (2020-2028) ($MN)
73 Middle East & Africa Krypton Market Outlook, By Mixed composition (2020-2028) ($MN)
74 Middle East & Africa Krypton Market Outlook, By Application (2020-2028) ($MN)
75 Middle East & Africa Krypton Market Outlook, By Window Insulation (2020-2028) ($MN)
76 Middle East & Africa Krypton Market Outlook, By Laser (2020-2028) ($MN)
77 Middle East & Africa Krypton Market Outlook, By Lighting (2020-2028) ($MN)
78 Middle East & Africa Krypton Market Outlook, By Other Applications (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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