The global krypton market is anticipated to gain impetus from its extensive usage in satellites. This is
because the gas is cheaper and is available in abundance, as compared to xenon. Fortune Business
Insights™ presented this information in a new report, titled, “Krypton Market Size, Share &
Industry Analysis, By Application (Lighting, Windows, Laser, R&D and Others), and Regional
Forecast, 2020-2027.” The report further mentions that the krypton market size was USD 12.6
million in 2019. It is estimated to reach USD 11.9 million by 2027, thereby exhibiting a CAGR of 0.9%
over the forecast period.
COVID-19 Pandemic to Take a Toll on Growth Backed by Declining Demand
As krypton (Kr) is produced in sophisticated air separation units only after receiving contracts or orders,
it is showcasing a decline in demand since the outbreak of the COVID-19 pandemic. Oxygen, on the
other hand, is experiencing high demand from numerous hospitals because of the increasing number of
coronavirus positive patients. Our reports are specially curated to help clients get a complete idea of the
current situation of the market. Our team of skilled analysts has conducted research based on multiple
What Does This Report Contain?
In-depth information about the segments in the market.
Historical, estimated, and present sizes of the market.
Profiles of key companies and their crucial strategies.
Data of the growth drivers, hindrances, and dynamics.
Drivers & Restraints-
Rising Usage in High-end Double & Triple Glazed Windows to Boost Growth
Krypton is mainly used to manufacture high-end triple and double glazed windows, as it delivers superior
acoustic and thermal insulation. Though argon is presently dominating the market, the demand for
krypton is growing steadily worldwide because of the increasing demand for energy-efficient and high
performance windows. However, its high cost is the main point of concern for customers. Owing to the
availability of cheaper substitutes, the krypton mar