Krypton Market Report Scope & Overview

The Krypton Market size was USD 57.98 million in 2023 and is expected to Reach USD 62.06 million by 2031 and grow at a CAGR of 0.85% over the forecast period of 2024-2031. 

Krypton (Kr) is a chemical element, a rare gas of Periodic Group 18 (noble gases) that forms just a few chemical compounds. Krypton is about three times heavier than air and is odourless, colourless, and tasteless. krypton is more abundant in the Earth's atmosphere, where it has a volume concentration of 1.14 parts per million. Krypton is the lightest of the noble gases that, in macroscopic proportions, create isolable chemical compounds.

Krypton Market Revenue Analysis

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Krypton is a by-product of uranium fission. Kr is a radioactive gas with an inert half-life of 10.76 years. It is created through the fission of plutonium and uranium, as in nuclear bomb testing and reactors. Krypton is one of the rare gases in the environment. It accounts for only 1 part per million by volume. It is extracted by distilling cooled air until it becomes a liquid.

Krypton is used in several forms of high-intensity discharge (HID) lamps, such as fluorescent lights and photographic flashes. To improve insulation and energy efficiency, krypton gas is occasionally used as a fill gas in double or triple-pane windows. A radioactive isotope of krypton, krypton-81, is employed in medical imaging procedures such as single photon emission computed tomography (SPECT). Krypton is utilized as a propellant in spacecraft ion propulsion systems. Other applications may include Research and Calibration, Cryogenic Applications, Scintillation Detectors, Nuclear Reactor Shielding, etc.



  • Demand for krypton gas in commercial and decorative lighting remains high

  • Rising demand for glazing window production to underpin growth

Krypton (Kr) gas is used in glazing window insulation to enhance the energy efficiency of windows. Krypton-filled glazing can significantly improve the insulating properties of windows. The gas is most commonly used in triple-glazed and high-end double windows. It provides excellent thermal and acoustic insulation. It is gaining significant traction as demand for high-performance and energy-efficient windows increases. These multi-layered windows have sound-absorbing properties.


  • Disruption in the supply chain of krypton gas acts as a constraint

  • The harmful effects of krypton on the environment can hamper market growth

Krypton is not biologically active and has no major interactions with the human body. hence, it is not metabolized, absorbed, or stored. In the body. However, inhaling excessive amounts of krypton gases may be harmful. If released in an enclosed environment, krypton gas, like any other gas, can displace oxygen and cause asphyxiation. This is a risk with any gas that can lower oxygen levels in a restricted space. Inhaling high quantities of krypton gas can cause vomiting, nausea, loss of consciousness, dizziness, and, in extreme cases, death. If the oxygen concentration in the air breathed with Kr is low, unconsciousness and death might result in seconds.


  • Krypton gas used in chip production hence, has potential demand in the electronics sector

  • Increased demand for N4.5 and N5 Type in glass panel insulation

The N4.5 type, also referred to as UHP grade because of its purity range of around 99.99%, is increasingly employed for window and glass façade panel insulation for creating energy-efficient buildings. As a result, it is anticipated that the segment's market share will rise in the approaching years. While N5 segment, commonly known as research-grade krypton, has a purity of 99.99%, making it very expensive but immensely helpful in aerospace thruster applications. The market for this type is anticipated to increase over the anticipated time due to private labels, like Lockheed Martin, SpaceX, and Boeing Planning for satellite launch programs and space exploration in the near future.


  • Availability of alternatives obstructs the market growth

  • The availability and high cost of krypton hinder market growth

Krypton is a rare element in the Earth's atmosphere, making concentration about 1 part per million. It is typically extracted from the air through cryogenic distillation processes, which can be energy-intensive and expensive. The limited natural abundance of krypton can contribute to challenges in ensuring a stable and sufficient supply for various industries. Due to its scarcity and the energy-intensive extraction processes, krypton can be relatively expensive compared to other gases. The high cost of krypton can impact industries that rely on it, potentially driving up production costs and affecting the overall economics of certain applications. Krypton is around one hundred times more expensive than argon.


Russia and Ukraine have long been big suppliers of almost 40% krypton of the global supply of the world. Krypton is the by-product of air separation, an industrial process used in the steel industry that removes oxygen and nitrogen from the ambient air. This enables the recovery of residual mixtures from which gases can be removed at specialized purification facilities. Companies have stated that they can dip into reserves this time, but the hurry to find suppliers who are not in Eastern Europe is generating shortages and price increases, not only for neon but also for other industrial gases like krypton. Even before the invasion, the actual price of krypton per liter had reportedly nearly doubled by the close of January 2022.


Russia and Ukraine are the leading exporters of krypton gas, which is utilized in the manufacture of chips used in electrical gadgets. Rising inflation and the prospect of more inflationary pressures are already triggering a consumer-led downturn. Supply chain disruptions caused by the Russia-Ukraine war and rising prices will also raise the standard selling price of devices, which infrastructure vendors will pass on to users. Reduced industrial activity and consumer expenditure during a recession can result in diminished demand for krypton-containing products such as lights and electronics. This reduced demand may result in an overstock of krypton in the market, placing downward pressure on its price.


By Type

  • N3

  • N4.5

  • N5

By Application

  • Laser

  • Window Insulation

  • Lightning

  • Other

Krypton Market Segmentation Analysis


Asia Pacific is expected to be the dominating region for krypton gas due to significant economic development in emerging countries like China, and India. The region's well-established electronics and semiconductor industries have also significantly increased demand for krypton in recent years. Expansion of new innovative infrastructure projects makes use of optimal lighting that employs krypton gases.

The North American Krypton market accounts for one-fourth of the global market. The government's initiatives to promote greener, more energy-efficient buildings and the resurging construction industry have both significantly increased demand for Nobel gas-filled windows in the local market. The usage of krypton gas as a propellant in the aircraft industry is expected to expand demand even more. Due to Kr's advantages and availability over Xenon for satellite launches, space exploration organizations like SpaceX have chosen to employ it as a propellant.

Europe has a similar consumption pattern comparable to that of North America. The region's demand is dominated by the windows market. Additionally, the demand for lighting applications is fast declining in Western European nations like France, Germany, and the United Kingdom, which is anticipated to restrain market expansion in the coming years.

Latin America, Middle East & Africa regions are predicted to have slow growth rates as compared to other regions. The Middle East's high temperatures would generate profitable chances for krypton-filled glass windows to be used in skyscrapers. However, the expansion of the market will be constrained by the small number of multi-layered glazed window manufacturers in the area.


North America

  • US

  • Canada

  • Mexico


  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America


Messer Group GmbH, Air Liquide, Air Products & Chemicals Inc, Linde PLC, Air Water Inc, Praxair Inc, Proton Gases Pvt. Ltd, Coregas Pty Ltd, Iceblivk Ltd, Electronic Fluorocarbons, LLC, and other key players are mentioned in the final report.

Air Liquide-Company Financial Analysis


Linde- In 2023 Linde Launched a Complex for the Production of Xenon and Krypton. The new complex used for manufacturing and filling these noble gases is quite modern and the largest facility in the world.

Air Liquide- In 2022 Air Liquide & Jiangsu Shagang Group have struck a new overtime agreement for industrial gas distribution in China. Air Liquide is going to invest approximately 100 million euros in the construction of an on-site ASU. This new Air Separation Unit (ASU) will also serve as a source of krypton and xenon for the Electronics industry, as well as various air gases for our industrial trade operations in China.

Krypton Market Report Scope:
Report Attributes Details
Market Size in 2023  US$ 57.98 Mn
Market Size by 2031  US$ 62.06 Mn
CAGR   CAGR of 0.85% From 2024 to 2031
Base Year 2023
Forecast Period  2024-2031
Historical Data  2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (N3, N4.5, N5)
• By Application (Laser, Window Insulation, Lightning, and Other)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Company Profiles Messer Group GmbH, Air Liquide, Air Products & Chemicals Inc, Linde PLC, Air Water Inc, Praxair Inc, Proton Gases Pvt. Ltd, Coregas Pty Ltd, Iceblivk Ltd, Electronic Fluorocarbons, LLC
Key Drivers • Demand for krypton gas in commercial and decorative lighting remains high.
• Rising demand for glazing window production to underpin growth.
Market Restraints • Disruption in the supply chain of krypton gas acts as a constraint.
• The harmful effects of krypton on the environment can hamper market growth.


Frequently Asked Questions

Ans. USD 62.06 million is the projected Krypton Market size of the market by 2031.

Ans. The CAGR value of the Krypton Market over the forecast period is 0.85%.

Ans. Asia Pacific is the fastest-growing region of the Krypton Market.

Ans. Opportunity are

  • Krypton gas used in chip production hence, has potential demand in the electronics sector.
  • Increased demand for N4.5 and N5 Type in glass panel insulation

Ans. USD 57.98 million was the market size in 2023 for the Krypton Market.

Table of Contents

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 Impact of Ukraine- Russia War
4.2 Impact of Ongoing Recession
4.3. Introduction
4.3.1 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Krypton Market Segmentation, By Type
8.1 N3
8.2 N4.5
8.3 N5

9. Krypton Market Segmentation, By Application
9.1 Laser
9.2 Window Insulation
9.3 Lightning
9.4 Other

10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Krypton Market by Country
10.2.2North America Krypton Market by Type
10.2.3 North America Krypton Market by Application
10.2.4 USA USA Krypton Market by Type USA Krypton Market by Application
10.2.5 Canada Canada Krypton Market by Type Canada Krypton Market by Application
10.2.6 Mexico Mexico Krypton Market by Type Mexico Krypton Market by Application
10.3 Europe
10.3.1 Eastern Europe Eastern Europe Krypton Market by Country Eastern Europe Krypton Market by Type Eastern Europe Krypton Market by Application Poland Poland Krypton Market by Type Poland Krypton Market by Application Romania Romania Krypton Market by Type Romania Krypton Market by Application Hungary Hungary Krypton Market by Type Hungary Krypton Market by Application Turkey Turkey Krypton Market by Type Turkey Krypton Market by Application Rest of Eastern Europe Rest of Eastern Europe Krypton Market by Type Rest of Eastern Europe Krypton Market by Application
10.3.2 Western Europe Western Europe Krypton Market by Country Western Europe Krypton Market by Type Western Europe Krypton Market by Application Germany Germany Krypton Market by Type Germany Krypton Market by Application France France Krypton Market by Type France Krypton Market by Application UK UK Krypton Market by Type UK Krypton Market by Application Italy Italy Krypton Market by Type Italy Krypton Market by Application Spain Spain Krypton Market by Type Spain Krypton Market by Application Netherlands Netherlands Krypton Market by Type Netherlands Krypton Market by Application Switzerland Switzerland Krypton Market by Type Switzerland Krypton Market by Application Austria Austria Krypton Market by Type Austria Krypton Market by Application Rest of Western Europe Rest of Western Europe Krypton Market by Type Rest of Western Europe Krypton Market by Application
10.4 Asia-Pacific
10.4.1 Asia Pacific Krypton Market by Country
10.4.2 Asia Pacific Krypton Market by Type
10.4.3 Asia Pacific Krypton Market by Application
10.4.4 China China Krypton Market by Type China Krypton Market by Application
10.4.5 India India Krypton Market by Type India Krypton Market by Application
10.4.6 Japan Japan Krypton Market by Type Japan Krypton Market by Application
10.4.7 South Korea South Korea Krypton Market by Type South Korea Krypton Market by Application
10.4.8 Vietnam Vietnam Krypton Market by Type Vietnam Krypton Market by Application
10.4.9 Singapore Singapore Krypton Market by Type Singapore Krypton Market by Application
10.4.10 Australia Australia Krypton Market by Type Australia Krypton Market by Application
10.4.11 Rest of Asia-Pacific Rest of Asia-Pacific Krypton Market by Type Rest of Asia-Pacific APAC Krypton Market by Application
10.5 Middle East & Africa
10.5.1 Middle East Middle East Krypton Market by Country Middle East Krypton Market by Type Middle East Krypton Market by Application UAE UAE Krypton Market by Type UAE Krypton Market by Application Egypt Egypt Krypton Market by Type Egypt Krypton Market by Application Saudi Arabia Saudi Arabia Krypton Market by Type Saudi Arabia Krypton Market by Application Qatar Qatar Krypton Market by Type Qatar Krypton Market by Application Rest of Middle East Rest of Middle East Krypton Market by Type Rest of Middle East Krypton Market by Application
10.5.2 Africa Africa Krypton Market by Country Africa Krypton Market by Type Africa Krypton Market by Application Nigeria Nigeria Krypton Market by Type Nigeria Krypton Market by Application South Africa South Africa Krypton Market by Type South Africa Krypton Market by Application Rest of Africa Rest of Africa Krypton Market by Type Rest of Africa Krypton Market by Application
10.6 Latin America
10.6.1 Latin America Krypton Market by Country
10.6.2 Latin America Krypton Market by Type
10.6.3 Latin America Krypton Market by Application
10.6.4 Brazil Brazil Krypton Market by Type Brazil Africa Krypton Market by Application
10.6.5 Argentina Argentina Krypton Market by Type Argentina Krypton Market by Application
10.6.6 Colombia Colombia Krypton Market by Type Colombia Krypton Market by Application
10.6.7 Rest of Latin America Rest of Latin America Krypton Market by Type Rest of Latin America Krypton Market by Application

11 Company Profile
11.1 Messer Group GmbH
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Product/Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 Air Products & Chemicals Inc
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Product/Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 Praxair Inc
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Product/Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Air Water Inc
11.4 Company Overview
11.4.2 Financials
11.4.3 Product/Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Air Liquide
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Product/Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Linde PLC
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Product/Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Proton Gases Pvt. Ltd
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Product/Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 Coregas Pty Ltd
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Product/Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Iceblivk Ltd
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Electronic Fluorocarbons, LLC
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Product/Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View

12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions

13. USE Cases and Best Practices

14. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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