Global Krypton Gas Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Krypton Gas Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global krypton gas market report has been segmented on the basis of product type, voltage range, rated strength, current, application, and region.
Global Krypton Gas Market: Overview
Krypton gas is a rare noble gas, which is odorless and colorless in nature. It is a relatively expensive gas when compared to other noble gases such as argon or helium. It has outstanding insulating characteristics and can scatter heat in the energy efficient windows. It is used generally in the field of high-level photography as photographic flash lamps, fluorescent lamps, and gas discharge lamps. This gas is mainly used as insulating material and energy saving material in the window glass, owing to its low thermal conductivity characteristic which increases the effectiveness of insulation.
Global Krypton Gas Market: Dynamics
The growing demand for energy efficient lighting solutions in various buildings infrastructure, give rise to the higher demand for energy efficient electrics products, along with the rising demand for insulated glass windows are driving the global market. Moreover, factors such as expanding industrialization, and fostering demand for the noble gases in multiple sectors such as construction, chemical, oil & gas, agriculture, mining, etc. can be considered as the drivers of the global market. This is owing to the growing awareness of rising safety and health concerns. Though, fluctuating prices, which is due to the economic uncertainty coupled with the consumption of other gases, and the threat of substitution products are some of the major restraining factors of the global market.
Global Krypton Gas Market: Segment Analysis
Among function segments, the insulation segment is projected to capture the largest revenue of the global market. This is owing to the insulating properties than any other material, and can better reduce the heat transfer effect.
Among application segments, the PDP backlighting segment is expected to grow at the highest rate of growth over the forecast period.
Among end-use segments, the electronics segment is forecasted to witness a substantial growth rate over the upcoming years.
Global Krypton Gas Market: Regional Analysis
Asia Pacific region witnesses the market and also accounted for a vital share of the krypton gas market in 2017. Many developing economies of the region include India, China, Japan etc., are considered the prime consumers of various industrial gases like krypton gas. Some other factors such as extending construction, growing agriculture, and rising chemical industry in the region are the prime driving factors of this industry. North America region is projected to be the second largest region for the global Krypton gas market followed by Europe region, in terms of market share. These regions are forecasted to dominate the market over the period of forecast. In contrast, Latin America regions and the Middle East and Africa region, both are expected to grow at a significant rate of CAGR during the forecast period.
Global Krypton Gas Market Segmentation:
Segmentation by Function:
Segmentation by Application:
- Laser mixtures
- PDP backlighting
- Research & Others
Segmentation by End Use:
- Oil & gas
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Air Products and Chemicals, Inc.
- AIR WATER INC.
- BASF SE
- Gulf Cryo
- Messer Group
- Nanjing Special Gas
- Praxair Technology, Inc.
- RasGas Company Limited
- Shengying Gas
- Universal Industrial Gases, Inc.
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