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According to the latest research, the global Krypton-Xenon market size was valued at USD 522.77 million in 2022 and is expected to expand at a CAGR of -10.95% during the forecast period, reaching USD 260.68 million by 2028.
Krypton and xenon are colorless, odorless, and tasteless, noble gases (inert gases), which occur in trace amounts in the atmosphere, and are isolated by fractionation of liquefied air.
Impact of Ukraine Conflict on the Krypton-Xenon Industry
The conflict between Russia and Ukraine has sparked fears of a shortage of krypton and xenon. The two rare gases, krypton and xenon, are by-products of the iron and steel industry and are separated and produced by air separation equipment. Heavy industries such as iron and steel in the former Soviet Union are huge, so the separation of rare gases has always been relatively strong as a subsidiary industry. After the disintegration of the former Soviet Union, it evolved into a situation in which Russia mainly carried out crude gas separation, and enterprises in Ukraine were responsible for refining and exporting to the world. Ukraine is a major producer of refined rare gases in the world, and its krypton and xenon production capacity once accounted for 40% and 30% of the world's.
The large supply of krypton gas in Ukraine is mainly used for KrF lasers, and KrF lasers are mainly used for 250-130nm mature processes of 8-inch wafers, including power management chips, MEMS, MOSFETs and IGBTs and other power semiconductor components. The shortage of krypton gas will affect the shipments of the above-mentioned products. Industries that require a large number of power management chips and power semiconductors, such as end products and automotive semiconductors, will face a new round of material shortages.
If the situation is further tightened, it may lead to a shortage of krypton gas and xenon gas supply. Factors such as the gas verification cycle will make it impossible for other semiconductor process electronic special gas suppliers to replenish in time, and the semiconductor industry gas supply will be in short supply, resulting in fabs and packaging. Test plant gas tension intensifies.
Krypton-Xenon Market Drivers
The main uses for Krypton is in the lighting industry and environmental insulation products. In window insulation, krypton is useful as it has a low thermal conductivity and is a relatively dense gas. When used as a filler gas between two or three-ply window planes, it increases heat insulation and creates an energy-saving window by reducing solar radiation. As a lighting gas, krypton has a blue-green light, and is traditionally used in halogen bulbs, energy saving bulbs and even neon-signs gas discharge tubes. Using krypton instead of nitrogen or argon increases the lifespan of the light bulbs greatly as krypton is highly stable and unreactive.
Xenon is used in the semiconductor and lighting industry, mainly for the purposes of producing an intense white light or a laser. Xenon is used for etching and deposition of microchips in semiconductor manufacturing, both as an atmosphere, plasma and as an ion beam source for etching and deposition processes. High-purity xenon is important to ensure superior brightness and long lifespan of the filaments. Ultra-high purity medical grade xenon is used in anesthesia as it is very safe for the neurological system.
Therefore, Krypton-Xenon has better performance than similar products in the downstream application market, which will promote the development of the entire market.
Krypton-Xenon Market Opportunities
Special gases such as Krypton-Xenon are widely used in integrated circuits, display panels, new energy vehicles, aerospace, environmental protection, medical and other fields. In recent years, downstream industry technologies have changed rapidly. For example, the wafer size in the integrated circuit field has grown from 6 inches to 8 inches. To 12 inches or even 18 inches, the process technology is from 28nm to 14nm to 7nm; the display panel develops from LCD to OLED and even flexible panels. Krypton-Xenon is a key material for the development of these industries. With the rapid iteration of downstream industrial technologies, the refinement of Krypton-Xenon and other special gases continues to improve. The technical requirements will continue to increase. This will benefit the development of the entire industry.
Region Overview:
From 2022-2027, Asia Pacific is estimated to witness robust growth prospects.
Company Overview:
The top three companies are Linde Group (Praxair), Ice blick, Air Liquide with the revenue market share of 22.34%, 19.43%, 13.95% in 2021.
Linde Group (Praxair)
Linde is a leading global industrial gases and engineering company. The company serves a variety of end markets including chemicals & energy, food & beverage, electronics, healthcare, manufacturing, metals and mining. Linde’s industrial gases are used in countless applications, from life-saving oxygen for hospitals to high-purity & specialty gases for electronics manufacturing, hydrogen for clean fuels and much more. Linde also delivers state-of-the-art gas processing solutions.
Ice blick
Iceblick Ltd. is the one of the world's leading manufacturers of Rare/Noble Gases, specifically Xenon, Krypton, Neon, and Helium. Iceblick also produce Neon 20/22 Isotopes, which are primarily used in Mass-Spectrometers, and Ne/He Lasers.
Segmentation Overview:
Krypton is a chemical element with the symbol Kr and atomic number 36. It is a colorless, odorless, tasteless noble gas that occurs in trace amounts in the atmosphere and is often used with other rare gases in fluorescent lamps.
Xenon is a chemical element with the symbol Xe and atomic number 54. It is a colorless, dense, odorless noble gas found in Earth's atmosphere in trace amounts.
Among different product types, Xenon segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Lighting segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Krypton-Xenon industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Krypton-Xenon. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Krypton-Xenon Market Report Include:
Market Size Estimates: Krypton-Xenon market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Krypton-Xenon market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Krypton-Xenon market
Segment Market Analysis: Krypton-Xenon market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Krypton-Xenon market situations and prospects in major and top regions and countries
Krypton-Xenon Market
Krypton-Xenon Industry Chain: Krypton-Xenon market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Krypton-Xenon Industry News, Policies by regions
Krypton-Xenon Industry Porters Five Forces Analysis
Key players in the global Krypton-Xenon market are covered in Chapter 2:
Chromium
Messer Group
Air Product
Linde Group (Praxair)
Wisco Oxygen
Air Water
Dakota Gasification Co.
Cryogenmash
Coregas
Shougang Oxygen
Ice blick
Nanjing Special Gas
Air Liquide
In Chapter 6 and Chapter 9, on the basis of types, the Krypton-Xenon market from 2018 to 2028 is primarily split into:
Krypton
Xenon
In Chapter 7 and Chapter 10, on the basis of applications, the Krypton-Xenon market from 2018 to 2028 covers:
Electronics
Medical
Aerospace
Window insulation
Lighting
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Krypton-Xenon market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Krypton-Xenon industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Krypton-Xenon market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Krypton-Xenon industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Krypton-Xenon market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Krypton-Xenon market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Krypton-Xenon market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Krypton and xenon are colorless, odorless, and tasteless, noble gases (inert gases), which occur in trace amounts in the atmosphere, and are isolated by fractionation of liquefied air.
Impact of Ukraine Conflict on the Krypton-Xenon Industry
The conflict between Russia and Ukraine has sparked fears of a shortage of krypton and xenon. The two rare gases, krypton and xenon, are by-products of the iron and steel industry and are separated and produced by air separation equipment. Heavy industries such as iron and steel in the former Soviet Union are huge, so the separation of rare gases has always been relatively strong as a subsidiary industry. After the disintegration of the former Soviet Union, it evolved into a situation in which Russia mainly carried out crude gas separation, and enterprises in Ukraine were responsible for refining and exporting to the world. Ukraine is a major producer of refined rare gases in the world, and its krypton and xenon production capacity once accounted for 40% and 30% of the world's.
The large supply of krypton gas in Ukraine is mainly used for KrF lasers, and KrF lasers are mainly used for 250-130nm mature processes of 8-inch wafers, including power management chips, MEMS, MOSFETs and IGBTs and other power semiconductor components. The shortage of krypton gas will affect the shipments of the above-mentioned products. Industries that require a large number of power management chips and power semiconductors, such as end products and automotive semiconductors, will face a new round of material shortages.
If the situation is further tightened, it may lead to a shortage of krypton gas and xenon gas supply. Factors such as the gas verification cycle will make it impossible for other semiconductor process electronic special gas suppliers to replenish in time, and the semiconductor industry gas supply will be in short supply, resulting in fabs and packaging. Test plant gas tension intensifies.
Krypton-Xenon Market Drivers
The main uses for Krypton is in the lighting industry and environmental insulation products. In window insulation, krypton is useful as it has a low thermal conductivity and is a relatively dense gas. When used as a filler gas between two or three-ply window planes, it increases heat insulation and creates an energy-saving window by reducing solar radiation. As a lighting gas, krypton has a blue-green light, and is traditionally used in halogen bulbs, energy saving bulbs and even neon-signs gas discharge tubes. Using krypton instead of nitrogen or argon increases the lifespan of the light bulbs greatly as krypton is highly stable and unreactive.
Xenon is used in the semiconductor and lighting industry, mainly for the purposes of producing an intense white light or a laser. Xenon is used for etching and deposition of microchips in semiconductor manufacturing, both as an atmosphere, plasma and as an ion beam source for etching and deposition processes. High-purity xenon is important to ensure superior brightness and long lifespan of the filaments. Ultra-high purity medical grade xenon is used in anesthesia as it is very safe for the neurological system.
Therefore, Krypton-Xenon has better performance than similar products in the downstream application market, which will promote the development of the entire market.
Krypton-Xenon Market Opportunities
Special gases such as Krypton-Xenon are widely used in integrated circuits, display panels, new energy vehicles, aerospace, environmental protection, medical and other fields. In recent years, downstream industry technologies have changed rapidly. For example, the wafer size in the integrated circuit field has grown from 6 inches to 8 inches. To 12 inches or even 18 inches, the process technology is from 28nm to 14nm to 7nm; the display panel develops from LCD to OLED and even flexible panels. Krypton-Xenon is a key material for the development of these industries. With the rapid iteration of downstream industrial technologies, the refinement of Krypton-Xenon and other special gases continues to improve. The technical requirements will continue to increase. This will benefit the development of the entire industry.
Region Overview:
From 2022-2027, Asia Pacific is estimated to witness robust growth prospects.
Company Overview:
The top three companies are Linde Group (Praxair), Ice blick, Air Liquide with the revenue market share of 22.34%, 19.43%, 13.95% in 2021.
Linde Group (Praxair)
Linde is a leading global industrial gases and engineering company. The company serves a variety of end markets including chemicals & energy, food & beverage, electronics, healthcare, manufacturing, metals and mining. Linde’s industrial gases are used in countless applications, from life-saving oxygen for hospitals to high-purity & specialty gases for electronics manufacturing, hydrogen for clean fuels and much more. Linde also delivers state-of-the-art gas processing solutions.
Ice blick
Iceblick Ltd. is the one of the world's leading manufacturers of Rare/Noble Gases, specifically Xenon, Krypton, Neon, and Helium. Iceblick also produce Neon 20/22 Isotopes, which are primarily used in Mass-Spectrometers, and Ne/He Lasers.
Segmentation Overview:
Krypton is a chemical element with the symbol Kr and atomic number 36. It is a colorless, odorless, tasteless noble gas that occurs in trace amounts in the atmosphere and is often used with other rare gases in fluorescent lamps.
Xenon is a chemical element with the symbol Xe and atomic number 54. It is a colorless, dense, odorless noble gas found in Earth's atmosphere in trace amounts.
Among different product types, Xenon segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Lighting segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Krypton-Xenon industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Krypton-Xenon. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Krypton-Xenon Market Report Include:
Market Size Estimates: Krypton-Xenon market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Krypton-Xenon market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Krypton-Xenon market
Segment Market Analysis: Krypton-Xenon market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Krypton-Xenon market situations and prospects in major and top regions and countries
Krypton-Xenon Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Krypton-Xenon Industry Chain: Krypton-Xenon market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Krypton-Xenon Industry News, Policies by regions
Krypton-Xenon Industry Porters Five Forces Analysis
Key players in the global Krypton-Xenon market are covered in Chapter 2:
Chromium
Messer Group
Air Product
Linde Group (Praxair)
Wisco Oxygen
Air Water
Dakota Gasification Co.
Cryogenmash
Coregas
Shougang Oxygen
Ice blick
Nanjing Special Gas
Air Liquide
In Chapter 6 and Chapter 9, on the basis of types, the Krypton-Xenon market from 2018 to 2028 is primarily split into:
Krypton
Xenon
In Chapter 7 and Chapter 10, on the basis of applications, the Krypton-Xenon market from 2018 to 2028 covers:
Electronics
Medical
Aerospace
Window insulation
Lighting
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Krypton-Xenon market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Krypton-Xenon industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Krypton-Xenon market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Krypton-Xenon industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Krypton-Xenon market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Krypton-Xenon market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Krypton-Xenon market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
