Krypton Market Scope
Krypton is one of the rarest noble gas elements with atomic number 36. It is extracted by distillation of air that has been cooled until it is liquid. It is a colorless and odorless gas and reacts with fluorine gas only. The extraction process of krypton includes the fractional distillation of liquefied air. Furthermore, carbon dioxide, nitrogen, water vapor and oxygen from the resulting residues of liquefied air is eliminated. Krypton has 6 stable isotopes - 78Kr, 80Kr, 82Kr, 83Kr, 84Kr, and 86Kr. It has various specialized applications and is mainly used in various kinds of lamps. Krypton is also used in making neon lights.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Praxair (Linde plc) (United States), AXCEL Gases (India), Iceblick, Ltd. (Ukraine), Air Liquide (United Kingdom), Messer (China), Wuhan Wisco Oxygen Industrial Gas (China), Air Products and Chemicals, Inc. (United States) and Dakota Gasification Company (United States) |
CAGR | % |
There are various companies are exploring the market in new geographical regions by adopting various market growth strategies such as mergers & acquisitions, expansions, investments, new product launches and many others. The market leading players are exploring new opportunity areas through expansions and acquisitions across the globe to avail competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Krypton market throughout the predicted period.
Praxair (Linde plc) (United States), AXCEL Gases (India), Iceblick, Ltd. (Ukraine), Air Liquide (United Kingdom), Messer (China), Wuhan Wisco Oxygen Industrial Gas (China), Air Products and Chemicals, Inc. (United States) and Dakota Gasification Company (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Air Water Inc. (Japan), Hema Gases (India) and Others.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Krypton market by Type , by Application (Fluorescent Lights, Flash Lamps, Gas Lasers, Lucent Signs, Calorimeters, MRI/CT Techniques, Flashing Airport Runway Lights, Insulating Gas between Glass Sheets, Neon Light Production and Others) and Region with country level break-up.
On the basis of geography, the market of Krypton has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In September 2019, Akamai, the intelligent edge platform for securing and delivering digital experiences, announces that the company has acquired the technology of KryptCo, creator of multifactor authentication technology.
In January 2023, Industrial gas major Linde has launched a new facility for the production of krypton and xenon, claimed by the company to be one of the largest of its kind in the world.
Influencing Trend:
Increased functionality.
Market Growth Drivers:
High Demand for Krypton-Based Flash Lamps in High-Speed Photography
Challenges:
High Cost of Extracting Krypton
Restraints:
Krypton Has Adverse Impacts on Human Health
Opportunities:
Increasing Demand for Energy Efficient Windows Made Of Insulating Glass and Rising Demand from Space Exploration Industry for Low-Cost Fuel Source
Key Target Audience
Krypton Manufacturer, Regulatory & Government Bodies, Krypton Distributor & Supplier, Healthcare Industry and Others