Krypton Gas Market is estimated to be US$ 353.1 million by 2034; Rising Focus on Green Building Construction to Propel Market Growth

Krypton Gas is an element of the periodic table with the atomic number 36 and the symbol Kr. It belongs to the noble gas group, which also includes helium, neon, argon, xenon, and radon. Noble gases are characterized by their low reactivity and stable electron configurations. Krypton has a low boiling point, and when cooled to extremely low temperatures, it can be used as a cryogenic refrigerant.

Krypton gas is commonly used in various lighting applications, including fluorescent lamps, neon signs, and high-intensity discharge (HID) lamps. It helps produce a bright, steady light, making it a popular choice for these applications. The growing demand for energy-efficient lighting solutions has led to an increased use of Krypton gas, contributing to its market growth.

The report “Krypton Gas Market, By Function (Illumination and Insulation), By Application (Laser mixtures, Lighting, PDP backlighting, Research, Satellites, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) - Trends, Analysis and Forecast till 2034”

Key Highlights:

• In January 2023, Linde has launched a new factory, promoted by the corporation as one of the biggest of its sort in the world, producing krypton and xenon. The noble gases krypton (Kr) and xenon (Xe), which have distinct chemical and physical properties, are employed in highly specialized applications such shielding gases for welding, the electronics industry, and the aerospace industry.
• In March 2023, an "innovative type of satellite thruster" that was propelled by radioactive Krypton gas was tested by Russia's State Space Corporation, or "Roscosmos." According to Russia's state-affiliated news media Sputnik, krypton is advertised as a gas that is far less expensive than regular xenon.

Analyst View:

The construction industry is increasingly adopting sustainable building practices, including the use of energy-efficient materials. Krypton gas is used in insulating windows, which can improve energy efficiency in buildings. With the continued focus on green building construction, the demand for Krypton gas in this sector rises. Further, the demand for energy-efficient lighting solutions is expected to continue growing in the future. Therefore, krypton gas is commonly used in lighting applications, and as more emphasis is placed on sustainability and energy conservation, the market for Krypton gas in lighting is likely to expand.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Krypton Gas Market, By Function (Illumination and Insulation), By Application (Laser mixtures, Lighting, PDP backlighting, Research, Satellites, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) - Trends, Analysis and Forecast till 2034”

Key Market Insights from the report:

Krypton Gas Market was valued at US$ 201.8 Billion in 2024 and is projected to grow at a CAGR of 6.3% to reach US$ 353.1 Billion by 2034. Krypton Gas Market is segmented based on Function, Application and Region.

• Based on Type, Krypton Gas Market is segmented into Illumination and Insulation.
• Based on Application, Krypton Gas Market is segmented into Laser mixtures, Lighting, PDP backlighting, Research, Satellites, and Others.
• By Region, the Krypton Gas Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Competitive Landscape & their strategies of Krypton Gas Market:

The prominent players operating in the Krypton Gas Market includes, Air Products and Chemicals, Inc., AIR WATER INC., BASF SE, Gulf Cryo Holding C.S.C, Messer Group GmbH, Nanjing Special Gas Factory Co., Ltd., Praxair Technology, Inc., RasGas Company Limited, Shengying Gas, and Universal Industrial Gases, Inc.

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