The real life Krypton is a colorless gas, exhibiting a whitish glow when placed in a high voltage electric field.Here is the link that explains the facts:
May 30, 1898- Krypton Discovered, Decades Before Superman Arrives
Sir William Ramsay, the discoverer of krypton.
Kryptonite is the fictional element that takes away Superman's super human powers.
The real element called Krypton has nothing to do with the Superman story.
Krypton is an inert gaseous element occurring in trace amounts in air and used in fluorescent lights and lasers.
The name is derived from the Greek word for "hidden".
IN ANY CASE EVEN IF KRYPTONITE DOES NOT EXIST IN THE "REAL" WORLD;
IT DOES EXIST IN THE MIND.
If we find someone who is living in own imaginary world, we still need to respect that world. That world may intersect with the "real" world to produce a "real" effect.
This video demonstrates such an event: