As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
The Asia Pacific market for krypton gas is rapidly growing due to the rising demand from the semiconductor sector in the region, which is thriving due to various factors, such as rapid technological innovations and growing demand for chips from the AI industry in the region. Further, due to the higher availability of krypton gas as compared to xenon, the former is increasingly used in research & development activities due to its potential substitute for xenon ion thrusters, which is usually employed in satellite for spacecraft propulsion. In addition, krypton gas is widely used in the manufacturing process of tungsten owing to its greater molecule size of krypton gas, which defers the evaporation of the tungsten filament and enhances the bulb life. Therefore, the rising demand for bulbs is propelling the market growth for krypton gas.
The market growth of krypton gas is further facilitated by the healthy competition among the industry key players, such as Air Liquide UK Ltd and Linde plc (NYSE: LIN). At the time of the COVID-19 outbreak, such companies are committed to fulfil the rising demand for oxygen and other gases from hospitals. The ongoing pandemic is expected to aid the market growth for krypton gas over the coming years.
Market Analysis by Function, Application, and Region:
Key Findings of the Report:
Key Offerings of the Report:
Air Liquide UK Ltd, Linde plc, Air Products Inc., Praxair Technology, Inc., Messer Group GmbH, Proton Gases (India) Private Limited, among others are the key players in the global krypton gas market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.