Top 5 Krypton Gas Manufacturing Companies in the World

In the forecast period of 2024-2032, the global krypton gas market is expected to grow at a CAGR of 6%. As per the analysis by Expert Market Research, the market is expected to be driven by the rising demand of oxygen, since the need for ventilators has rapidly increased in the wake of the COVID-19 pandemic.

The drastic impact of the pandemic has taken the world by storm and governments and hospitals are anticipating the situation to only get worse in the coming months. These institutions are stocking up the necessary inventory to prevent shortage, which is boosting the krypton gas market significantly. The increase in research and development activities (R&D) in the production of krypton gas has given rise to various technologies of production, thereby bolstering the market growth.

The multiple initiatives taken by the governments across Europe in the production of krypton gas has helped the market tremendously. The market in the Asia Pacific region is being driven by the rising demand from the semiconductor industry, owing to the technological innovations and increasing demand for chips in the artificial intelligence industry. Krypton gas is also a key component in the production of excimer laser, thereby increasing the growth of the global market in the forecast period.

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Top 5 Krypton Gas Suppliers in the World:

Air Liquide UK Ltd

The company is a global leader in gases, services, and technologies for various industries, with its presence in 78 countries. The company leverages energy and environmental transition, changes in healthcare and digitisation, and provides great value to all its shareholders. Air Liquide’s revenue amounted to more than 20 billion euros in 2020.
 

Linde plc

Linde is the largest industrial gas company in terms of revenue. The company deals with the manufacture and distribution of atmospheric gases such as nitrogen, oxygen, argon, and process gases such as carbon dioxide, hydrogen, and helium. The company serves a variety of end markets including chemicals and refining, food and beverage, electronics, healthcare, manufacturing and primary metals.  In 2020, the company had a sale of USD 27 billion.
 

Air Products Inc.

Air Products has been a globally leading industrial gas company for over 80 years. The company provides essential industrial gases, related equipment, and applications expertise to customers in various industries such as refining, chemical, electronics, metals, manufacturing, and food and beverage. Air Products Inc. develops, builds, and operates some of the largest industrial gas projects.
 

Praxair, Inc.

Praxair Technology, Inc. is a leading industrial gas and engineering company. The industrial gases provided by this company are used in a variety of applications such as oxygen in hospitals, pure gases for electronics manufacturing, and hydrogen for fuels. The company also provides premium quality gas processing applications to increase efficiency and reduce emissions.
 

The Messer Group GmbH

The company is the largest family-run industry, medical and speciality gases specialist in the world. Messer Group has one of the most diverse product ranges including industrial gases such as oxygen, nitrogen, carbon dioxide, argon and hydrogen, shielding gases used in welding, specialty gases such as acetylene and xenon, and medical gases as well.