Global Krypton-Xenon Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Krypton-Xenon Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

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.

Market Overview:

The latest research study on the global Krypton-Xenon market finds that the global Krypton-Xenon market reached a value of USD 522.77 million in 2022. It’s expected that the market will achieve USD 260.68 million by 2028, exhibiting a CAGR of -10.95% during the forecast period.

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.

Key Companies in the global Krypton-Xenon market covered in Chapter 3:

Chromium
Cryogenmash
Linde Group (Praxair)
Air Water
Air Product
Air Liquide
Ice blick
Shougang Oxygen
Messer Group
Coregas
Nanjing Special Gas
Wisco Oxygen
Dakota Gasification Co.

In Chapter 4 and Chapter 14.2, on the basis of types, the Krypton-Xenon market from 2018 to 2029 is primarily split into:

Krypton
Xenon

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Krypton-Xenon market from 2018 to 2029 covers:

Electronics
Medical
Aerospace
Window insulation
Lighting
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)