Dublin, Aug. 04, 2020 (GLOBE NEWSWIRE) -- 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/r9xgop
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