Krypton gas market valuation to exceed US$288.2 million by 2032

Krypton Gas Market report depicting full history and future scope of statistics, product information, drivers, opportunities and challenges, business strategies and forecast data can be found here in this report. It also includes an analysis of major players – Air Products & Chemicals Inc., Matheson Tri-Gas, Inc., BASF SE Messer Group GmbH, American Gas Products, Air Liquide, The Linde Group and others

NEWARK, Del., May 2, 2022 /PRNewswire/ — The global krypton gas market is expected to grow at a 5.3% CAGR over the forecast period, reaching US$288.2 million by 2032and find future market information (IMF) in recent market analysis.

Krypton is widely used in the construction industry due to its effective insulation and energy efficiency capabilities in high end triple and double glazed windows. It is used to fill gaps between panels of an insulated glass assembly and increases the insulation factor.

Along with this, many companies are innovating new flooring solutions using krypton gas. The technology using krypton gas allows for minimal construction downtime compared to the conventional coating system. It offers faster curing, less downtime, easy cleanup and is cost effective. Supported by these factors, krypton gas sales are expected to remain high during the forecast period.

In addition to this, the consumption of krypton gas in the lighting industry is increasing at a rapid rate. The ionization of krypton gives a strong white light which makes it excellent for flashes, fluorescent lights, airport runway lights and lasers. For brighter light, krypton gas is effective for indoor lighting applications. Rising demand for brighter light in public infrastructure projects and commercial buildings will augment the market growth.

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“The increasing demand for efficient and decorative lighting in shopping malls, complexes and buildings is expected to create growth opportunities in the market. Additionally, the growing use of krypton gas in the automotive sector will continue to drive sales in the years to come,” IMF analyst says.

Key points to remember:

  • Based on mode of supply, bottle sales will grow at a CAGR of 5.3%, accounting for 45.5% of the total market share in 2022.
  • In terms of application, the total demand in the lighting segment will account for 41.6% of the total market share by 2032.
  • Sales in the US krypton gas market are expected to reach a valuation of US$36.1 million in 2022.
  • The demand in the China The krypton gas market is poised to grow at a CAGR of 6% during the assessment period.

Competitive landscape

Leading companies profiled in the Krypton Gas Market are:

  • Air Products & Chemicals Inc.,
  • Matheson Tri-Gas, Inc.,
  • BASF SE,
  • Messer Group GmbH,
  • American Gas Products,
  • Liquid air,
  • The Linde Group.
  • Air Water Inc.,
  • Taiyo Nippon Sanso Company,
  • Gas Axcel

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Key Segments Covered by Krypton Gas Industry Research

By mode of supply:

  • Cylinders
  • Bulk and micro-bulk
  • Drum tanks
  • On the site

Per application:

  • Lighting
  • the Windows
  • Laser
  • Others

By region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • Rest of MEA

More information about the krypton gas market report

In its latest report, IMF offers an unbiased analysis of the krypton gas market, providing historic data from 2017 to 2021 and forecast statistics from 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of application, mode of supply and the region.

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About Future Market Insights (IMF)

Future Market Insights (ESOMAR certified market research organization and member of Greater New York Chamber of Commerce) provides detailed insights into the driving factors that increase the demand in the market. It reveals opportunities that will drive market growth in various segments on the basis of source, application, sales channel, and end-use over the next 10 years.

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