Global Cryogenic Tanks Market Outlook, 2027 - ResearchAndMarkets.com

·4-min read

The "Cryogenic Tanks - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.

The Global Cryogenic Tanks market accounted for $6.32 billion in 2019 and is expected to reach $11.27 billion by 2027, growing at a CAGR of 7.5% during the forecast period.

Improving healthcare services in developing economies and growing demand for LNG are the major factors propelling market growth. However, decrease in global steel production is hampering market growth.

Based on the cryogenic liquid, the liquid nitrogen segment is estimated to have a lucrative growth due to the use of liquid nitrogen in this production enables cost investments during transportation and develop food quality. It is used to cool generally heat-sensitive materials, such as plastics and certain metals. The growing command for liquid nitrogen from metal processing and medical industries is likely to impel the market in this segment.

By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the rising demand from the domestic as well as international markets. It is the fastest-growing market, in terms of both production and demand. Higher domestic demand, simple availability of raw materials and low-cost labour make this region the most preferred destination for the manufacturers of cryogenic tanks.

Some of the key players profiled in the Cryogenic Tanks Market include Cryofab, INOX India, Linde PLC, Cryolor, Wessington Cryogenics, FIBA Technologies, Chart Industries, Nikkiso Cryo, Gardner Cryogenic, Universal Industrial Gases, Vijay Tanks & Vessels, Beijing Tianhai Industry and Hoover Ferguson.

What the report offers:

  • Market share assessments for the regional and country-level segments

  • Strategic recommendations for the new entrants

  • Covers Market data for the years 2018, 2019, 2020, 2024 and 2027

  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities and recommendations)

  • Strategic recommendations in key business segments based on the market estimations

  • Competitive landscaping mapping the key common trends

  • Company Profiling with detailed strategies, financials and recent developments

  • Supply chain trends mapping the latest technological advancements

Key Topics Covered

1 Executive Summary

2 Preface

3 Market Trend Analysis

3.1 Introduction

3.2 Drivers

3.3 Restraints

3.4 Opportunities

3.5 Threats

3.6 Application Analysis

3.7 End User Analysis

3.8 Emerging Markets

3.9 Impact of COVID-19

4 Porters Five Force Analysis

5 Global Cryogenic Tanks Market, By Raw Material

5.1 Introduction

5.2 Aluminum Alloy

5.3 Nickel Alloy

5.4 Steel

6 Global Cryogenic Tanks Market, By Cryogenic Liquid

6.1 Introduction

6.2 Liquefied Natural Gas (LNG)

6.3 Liquid Hydrogen

6.4 Liquid Nitrogen

6.5 Liquid Oxygen

6.6 Liquid Argon

6.7 Liquid Helium

7 Global Cryogenic Tanks Market, By Type

7.1 Introduction

7.2 Horizontal

7.3 Vertical

8 Global Cryogenic Tanks Market, By Application

8.1 Introduction

8.2 Transportation

8.3 Storage

9 Global Cryogenic Tanks Market, By End User

9.1 Introduction

9.2 Electronics

9.3 Energy Generation

9.4 Food & Beverage

9.5 Medical Technology

9.6 Metal Processing

9.7 Water Treatment

9.8 Manufacturing

9.9 Healthcare

9.10 Power

10 Global Cryogenic Tanks Market, By Geography

10.1 Introduction

10.2 North America

10.2.1 US

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 Italy

10.3.4 France

10.3.5 Spain

10.3.6 Rest of Europe

10.4 Asia Pacific

10.4.1 Japan

10.4.2 China

10.4.3 India

10.4.4 Australia

10.4.5 New Zealand

10.4.6 South Korea

10.4.7 Rest of Asia Pacific

10.5 South America

10.5.1 Argentina

10.5.2 Brazil

10.5.3 Chile

10.5.4 Rest of South America

10.6 Middle East & Africa

10.6.1 Saudi Arabia

10.6.2 UAE

10.6.3 Qatar

10.6.4 South Africa

10.6.5 Rest of Middle East & Africa

11 Key Developments

11.1 Agreements, Partnerships, Collaborations and Joint Ventures

11.2 Acquisitions & Mergers

11.3 New Product Launch

11.4 Expansions

11.5 Other Key Strategies

12 Company Profiling

12.1 Cryofab

12.2 INOX India

12.3 Linde PLC

12.4 Cryolor

12.5 Wessington Cryogenics

12.6 FIBA Technologies

12.7 Chart Industries

12.8 Nikkiso Cryo

12.9 Gardner Cryogenic

12.10 Universal Industrial Gases

12.11 Vijay Tanks & Vessels

12.12 Beijing Tianhai Industry

12.13 Hoover Ferguson

For more information about this report visit https://www.researchandmarkets.com/r/pol2si

View source version on businesswire.com: https://www.businesswire.com/news/home/20200804005494/en/

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