#Cryogenic Tanks Market Share

[pearlsmith25]

Cryogenic Tanks Market Saga: Unraveling the Intricacies of Liquid Oxygen Preservation

Cryogenic tanks are vacuum insulated vessels used for storing cryogenic liquids such as liquid nitrogen, liquid oxygen, liquid argon, liquid carbon dioxide and liquid hydrogen at very low temperatures. They are primarily used in several industrial applications such as metal manufacturing, energy & power, electronics, medical technology, food & beverage and shipping. Cryogenic tanks play a vital role in ensuring safe and efficient transportation along with storage of industrial gases. The global Cryogenic Tanks Market is estimated to be valued at US$ 6.51 Bn in 2023 and is expected to exhibit a CAGR of 5.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity:

The growing demand for industrial gases from various end-use industries such as healthcare, energy & power, food & beverage and metal manufacturing is expected to drive the growth of cryogenic tanks market over the forecast period. Industrial gases like oxygen, nitrogen and argon find wide applications in the manufacturing processes of these industries. Moreover, the demand for liquified natural gas is also growing significantly owing to rising focus on cleaner sources of fuel. This is expected to increase the need for cryogenic storage and transportation solutions like cryogenic tanks and tankers. The ability of cryogenic tanks to efficiently store industrial gases at very low temperatures makes them ideal for the safe handling and transportation of gases over long distances. Thus, the increasing demand for industrial gases from different industries presents lucrative market opportunities for cryogenic tanks during the forecast period.

Porter's Analysis Threat of new entrants: Moderate, high capital requirements for manufacturing cryogenic tanks act as a barrier. However, growing demand opens opportunities. Bargaining power of buyers: Moderate to high. Large buyers can negotiate on price and demand better service levels. However, specialized nature of tanks reduces impact. Bargaining power of suppliers: Moderate. Major suppliers have established relationships but availability of raw material alternatives provides options. Threat of new substitutes: Low. Cryogenic tanks have few substitutes for storage of liquefied gases in large volumes. Competitive rivalry: High. Global players compete on technology, quality, pricing and services. Regional players add competition.

SWOT Analysis Strengths: Growing liquefied gas market. Established infrastructure and technology leadership of major players. Weaknesses: High capital investment requirements. Volatility in raw material prices impacts costs. Opportunities: Rising adoption in new applications like LNG as fuel. Expanding gases market in developing regions. Threats: Stringent regulations over safety and emissions. Substitution threat from alternative gas storage technologies.

Key Takeaways

The global Cryogenic Tanks Market is expected to witness high growth over the forecast period between 2023 to 2030.Technological advancements for more efficient operations and rising demand for liquefied gases like LNG are driving the market.

Regionally, North America leads currently due to large liquefaction plants and increasing exports of natural gas. Asia Pacific is expected to be the fastest growing market due to massive demand from industries and increasing LNG imports in major economies like China and India. Countries like China, Japan and South Korea are focusing on expanding LNG receiving and regasification terminals which will further accelerate cryogenic tanks demand.

Key players operating in the Cryogenic Tanks market are ArcelorMittal, China Baowu Group, Nippon Steel Corporation, POSCO, Shagang Group, Ansteel Group, Glencore, Sumitomo Metal Mining Company, Linde, INOX India Pvt., Cryofab, FIBA Technologies, Air Products and Chemicals, Inc., M1 Engineering, Chart Industries, Wessington Cryogenics, Isisan, Lapesa, Auguste Cryogenics, and Hoover Ferguson Group, Inc. These companies are focusing on partnerships, new product developments and expansion in high growth regions to strengthen their positions.

[chemicalsectorupdates]

Cryogenic Tanks Market Size and Growth Prospects: A Deep Dive Analysis

Cryogenic Tanks Market will grow at highest pace owing to increasing demand from chemicals and petrochemicals industry Cryogenic tanks are high-performance containers used for storing gases such as nitrogen, oxygen, argon, hydrogen and natural gas at cryogenic temperatures. Cryogenic tanks find widespread applications in shipping industrial and medical gases over long distances. They play a pivotal role in preserving perishable commodities during transportation. Cryogenic tanks offer excellent thermal insulation to maintain extremely low temperatures inside while preventing the condensation of atmospheric gases. Key advantages include durability, ease of handling and transportation. Rising demand from petrochemical facilities, gas liquefaction plants and research laboratories is fuelling sales of cryogenic tanks. The Global Cryogenic Tanks Market is estimated to be valued at US$ 6.51 Bn in 2024 and is expected to exhibit a CAGR of 5.0% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the Cryogenic Tanks are ArcelorMittal, China Baowu Group, Nippon Steel Corporation, POSCO, Shagang Group, Ansteel Group. Cryogenic tanks find widespread applications in storing and transporting industrial gases in various end-use industries such as energy & power, chemicals, metallurgy, electronics, shipping and biomedical. The global cryogenic tanks market is primarily driven by increasing demand from the chemicals and petrochemicals industry. Market Trends One of the key trends in the cryogenic tanks market is the growing demand for mid-sized cryogenic tanks in the energy sector. Mid-sized tanks with capacities ranging from 10,000-40,000 liters are increasingly used for onsite storage of liquefied natural gas and hydrogen at refueling stations. Another major trend is the increasing adoption of cryogenic tanks made from composite materials. Market Opportunities One of the major opportunities for cryogenic tank manufacturers is the rising demand from the LNG industry. Rapid infrastructure development and expansion of LNG facilities across Asia Pacific and Middle East are expected to drive sales. Another key opportunity is presented by the hydrogen economy. Widespread commercialization of fuel cell vehicles and setting up of hydrogen refueling network will augment demand for hydrogen storage and transportation cryogenic tanks over the forecast period. Impact of COVID-19 on Cryogenic Tanks Market The outbreak of COVID-19 has significantly impacted the cryogenic tanks market. During the lockdown period, demand for cryogenic gases such as oxygen, nitrogen, and argon decreased sharply from industries such as oil & gas, metal manufacturing, healthcare, etc. This led to a decline in the production of cryogenic tanks. Manufacturing facilities were shut down during lockdowns to curb the spread of the virus. Supply chain disruptions affected the availability of raw materials for tank production. Transportation restrictions made it difficult to deliver completed tanks to customers. Geographical Regions with High Concentration in Cryogenic Tanks Market Asia Pacific accounts for the largest share of the global cryogenic tanks market in terms of value. This is mainly due to the massive semiconductor, metal manufacturing and healthcare industries in countries such as China, Japan, India and South Korea which create sustained demand for cryogenic gases and associated storage and transportation equipment. North America ranks second powered by oil & gas exploration activities and healthcare sector development in the US and Canada. Europe is another major regional market led by Germany, UK, France and countries increasing investments to bolster industrial gas infrastructure and expand gas transport networks for supporting manufacturing and technology industries.

[businessindustry]

Liquefied Natural Gas (LNG) Liquefaction Equipment Market Analysis & Forecasts 2024-2032

The Reports and Insights, a leading market research company, has recently releases report titled “Liquefied Natural Gas (LNG) Liquefaction Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Liquefied Natural Gas (LNG) Liquefaction Equipment Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Liquefied Natural Gas (LNG) Liquefaction Equipment Market?

The Liquefied Natural Gas (LNG) liquefaction equipment market size reached US$ 811.2 Million in 2023. Looking forward, Reports and Insights expects the market to reach US$ 1,226.5 Million by 2032, exhibiting a growth rate (CAGR) of 4.7% during 2024-2032.

What are Liquefied Natural Gas (LNG) Liquefaction Equipment?                                                                                                                                                                            

Liquefied Natural Gas (LNG) liquefaction equipment is utilized to convert natural gas into its liquid state for more convenient transportation and storage. This process involves lowering the temperature of the gas to -162 degrees Celsius, causing it to condense into a clear, colorless, and non-toxic liquid. The primary components of LNG liquefaction equipment include compressors, heat exchangers, and cryogenic storage tanks. Compressors elevate the gas pressure before it enters the heat exchangers, where it is cooled using refrigerants. Once cooled, the gas is stored in cryogenic tanks until it is ready for shipment. This equipment is engineered to function efficiently under extremely low temperatures and high pressures, ensuring the safe and dependable production of LNG.

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What are the growth prospects and trends in the Liquefied Natural Gas (LNG) Liquefaction Equipment industry?

The liquefied natural gas (LNG) liquefaction equipment market growth is driven by various factors. The market for Liquefied Natural Gas (LNG) liquefaction equipment is experiencing notable expansion due to the increasing global demand for natural gas as a cleaner energy alternative. This growth is marked by the continual development of more advanced and efficient liquefaction technologies to meet the rising need for LNG. Key drivers include the ongoing expansion of LNG infrastructure, particularly in emerging markets, and the growing adoption of LNG as a fuel in various industries including transportation. Moreover, innovations in liquefaction equipment design, such as modular and space-saving units, are improving operational efficiency and reducing upfront costs. However, challenges such as high initial investments and stringent regulatory standards may pose obstacles to market growth. Hence, all these factors contribute to liquefied natural gas (LNG) liquefaction equipment market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Equipment Type:

Liquefaction Units

Heat Exchangers

Compressors

Storage Tanks

Pumps

Others

By Capacity:

Small-Scale (<0.5 MTPA)

Mid-Scale (0.5-2 MTPA)

Large-Scale (>2 MTPA)

By Process Cycle:

Cascade Process

Mixed Refrigerant Process

Shell-And-Tube Process

Others

By Technology:

Conventional LNG Liquefaction

Floating LNG Liquefaction

Modular LNG Liquefaction

By End-Use Industry:

Power Generation

Transportation

Industrial

Residential & Commercial

By Application:

Export/Import Terminals

Bunkering Facilities

Peak Shaving Plants

Distributed LNG Production Units

Segmentation By Region:

North America:

United States

Canada

Europe:

Germany

The U.K.

France

Spain

Italy

Russia

Poland

BENELUX

NORDIC

Rest of Europe

Asia Pacific:

China

Japan

India

South Korea

ASEAN

Australia & New Zealand

Rest of Asia Pacific

Latin America:

Brazil

Mexico

Argentina

Middle East & Africa:

Saudi Arabia

South Africa

United Arab Emirates

Israel

Who are the key players operating in the industry?

The report covers the major market players including:

Air Products and Chemicals, Inc.

Linde plc

TechnipFMC plc

Siemens Energy AG

Chart Industries, Inc.

Mitsubishi Heavy Industries, Ltd.

General Electric Company

Bechtel Corporation

McDermott International, Inc.

Baker Hughes Company

Chiyoda Corporation

Saipem S.p.A.

JGC Corporation

Samsung Engineering Co., Ltd.

KBR, Inc.

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[coherentmarketinsights]

Efficiency in the Ice Age: Efficiency and Sustainability in Cryogenic Tanks

for Cryogenic Gases Cryogenic tanks are specialized vessels used for storage of liquefied gases at very low temperatures. They find widespread application across industries like healthcare, metallurgy, semiconductors, etc. where gases like nitrogen, oxygen, argon, hydrogen are required in liquid form. Cryogenic tanks offer advantages like ease of transportation of large volumes of gases over long distances. The demand for cryogenic gases is growing due to their increasing usage in welding & metal manufacturing processes and for medical applications like cryosurgery. The global cryogenic tanks market is estimated to be valued at US$ 6.51 Bn in 2024 and is expected to exhibit a CAGR of 5.0% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the cryogenic tanks market are ArcelorMittal, China Baowu Group, Nippon Steel Corporation, POSCO, Shagang Group, Ansteel Group, Glencore, Sumitomo Metal Mining Company, Linde, INOX India Pvt., Cryofab, FIBA Technologies, Air Products and Chemicals, Inc., M1 Engineering, Chart Industries, Wessington Cryogenics, Isisan, Lapesa, Auguste Cryogenics, and Hoover Ferguson Group, Inc. The key opportunities in the market include increasing demand for liquified natural gas and growing research in cryogenic sciences. Countries across North America, Europe, Asia Pacific and Latin America are investing heavily in development of liquid hydrogen infrastructure which is driving the global expansion of cryogenic tanks market. Market Drivers The primary driver for cryogenic tanks market is the surging demand for industrial, medical and research gases. Particularly, the demand for nitrogen, oxygen and argon is growing rapidly from metal manufacturing, semiconductor fabrication, healthcare and food processing industries. Countries worldwide are also promoting usage of green fuels like liquified natural gas and liquid hydrogen which requires cryogenic storage and transportation, thereby propelling the cryogenic tanks market growth. Strict safety regulations regarding the handling and transportation of industrial gases is also driving adoption of specialized cryogenic vessels.PEST Analysis Political: The cryogenic tanks market is impacted by regulations and standards set by organizations like ASME, DOT and National Board of Boiler and Pressure Vessel Inspectors for design, construction, testing and transportation of cryogenic vessels. Economic: Factors like global GDP growth, industrial production and investments in end use industries influence demand for cryogenic vessels in the market. Social: Rising demand for LNG as fuel in transportation and power generation drives usage of cryogenic vessels for storage and transportation of LNG. Technological: Advancements in materials and manufacturing technologies enable production of cryogenic vessels that are lighter, more durable and have higher storage capacity. Insulation technologies also improve efficiency of cryogenic storage and transportation. Geographical regions with high market concentration: The cryogenic tanks market sees significant value concentration in regions with high industrial activity and investments in end use industries. North America, Europe and Asia Pacific hold major share of the global cryogenic tanks market value owing to strong demand from petrochemical, power generation and healthcare industries in countries like U.S., Germany, China and India. Fastest growing region: The Asia Pacific region is projected to be the fastest growing market for cryogenic tanks during the forecast period. This rapid growth can be attributed to increasing industrialization, rising LNG demand and investments in new production capacities in major economies of China and India. Factors like government initiatives to increase usage of cleaner fuels and expand industrial infrastructure also support market growth in the Asia Pacific region.

[vipinmishra]

Cryogenic Equipment Market Dynamics: Size, Share, Trends, Growth And Forecast

Increasing demand for LNG and rising need for clean energy sources are likely to drive the market in the forecast period

According to TechSci Research report, “Cryogenic Equipment Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, the Global Cryogenic Equipment Market is experiencing a surge in demand in the forecast period. One primary driver propelling the global cryogenic equipment market is the escalating demand for Liquefied Natural Gas (LNG). As the world transitions towards cleaner energy sources, LNG has emerged as a pivotal component in the global energy mix. Cryogenic equipment, such as LNG storage tanks and vaporization systems, plays a critical role in the liquefaction, transportation, and regasification of natural gas.

The rise in demand for LNG is attributed to its environmental benefits, as it produces fewer greenhouse gas emissions compared to traditional fossil fuels. This shift towards LNG is particularly notable in the transportation and power generation sectors. The construction of new LNG terminals, coupled with expansion projects, is fueling the need for advanced cryogenic equipment. As countries invest in enhancing their LNG infrastructure to meet growing energy demands, the cryogenic equipment market is experiencing a substantial boost, reflecting the industry's integral role in supporting the global adoption of cleaner energy alternatives.

Significant driver steering the global cryogenic equipment market is the expanding range of applications in healthcare and biotechnology. Cryogenic equipment, including cryogenic storage tanks and freezers, is instrumental in preserving and storing biological materials, pharmaceuticals, and medical gases at ultra-low temperatures.

In the healthcare sector, cryogenic applications are indispensable for the storage of stem cells, tissues, and organs, facilitating advancements in regenerative medicine and organ transplantation. Also, the biotechnology industry relies heavily on cryogenic solutions for the preservation of research materials, vaccines, and biomolecules. As medical and biotechnological research and development continue to advance, the demand for cryogenic equipment is witnessing a surge.

The precision and reliability of cryogenic systems in maintaining the integrity of biological samples make them indispensable in laboratories, hospitals, and biorepositories. Consequently, the expansion of healthcare infrastructure and ongoing developments in biotechnology drive the growth of the cryogenic equipment market, positioning it as a critical enabler of breakthroughs in medical science and biopharmaceutical innovation.

Browse over XX Market data Figures spread through XX Pages and an in-depth TOC on "Global Cryogenic Equipment Market.”  https://www.techsciresearch.com/report/cryogenic-equipment-market/20008.html

The Global Cryogenic Equipment Market is segmented into product type, cryogen type, end user and region.

Based on end user, The Energy & Power segment held the largest Market share in 2023. The Energy & Power sector, particularly the LNG industry, is a major consumer of cryogenic equipment. LNG, which is natural gas cooled to cryogenic temperatures for storage and transportation, is becoming increasingly important as a cleaner and more versatile energy source.

The demand for LNG is growing globally, driven by factors such as the transition to cleaner fuels, increased energy consumption, and the rise in international LNG trade.

Cryogenic storage tanks and transportation systems are integral components of the LNG supply chain. Cryogenic conditions are necessary to keep natural gas in a liquid state, reducing its volume for more efficient storage and transport.

The construction and expansion of LNG infrastructure, including liquefaction plants, storage terminals, and LNG carriers, contribute significantly to the demand for cryogenic equipment.

The Energy & Power sector is undergoing a transition toward cleaner energy alternatives, and LNG is positioned as a key player in this shift. LNG is considered a cleaner-burning fuel compared to traditional fossil fuels, contributing to reduced greenhouse gas emissions.

Governments and industries worldwide are increasingly adopting LNG as a cleaner energy source for power generation, industrial processes, and transportation, further driving the demand for cryogenic equipment.

Cryogenic technologies are essential for the production and storage of hydrogen, which is gaining prominence as a clean and sustainable energy carrier. Cryogenic storage is particularly effective in maintaining hydrogen at extremely low temperatures, allowing for denser storage.

The increasing focus on green hydrogen and the development of hydrogen-based energy systems contribute to the demand for cryogenic equipment in the Energy & Power sector.

Cryogenic technologies play a crucial role in enhancing the efficiency and reliability of power plants. For example, cryogenic air separation units are used to produce industrial gases like oxygen and nitrogen, which find applications in combustion processes for power generation.

The overall growth in global energy demand, coupled with the need for cleaner and more efficient energy sources, drives investments in energy infrastructure. Cryogenic equipment supports the development and operation of advanced energy systems.

The strategic importance of LNG in global energy trade makes the Energy & Power sector a key driver of the cryogenic equipment market. LNG terminals and facilities, equipped with cryogenic technology, facilitate international energy trade and distribution.

Major companies operating in the Global Cryogenic Equipment Market are:

Air Liquide S.A.

Linde Plc

Emerson Electric Co.

Chart Industries Inc.

Baker Hughes Company

IHI Corporation

Kawasaki Heavy Industries Ltd

Mitsubishi Heavy Industries Ltd

Howden Broking Group Limited 

Burckhardt Compression AG

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“The Global Cryogenic Equipment Market is expected to rise in the upcoming years and register a significant CAGR during the forecast period.  This growth is being driven by a number of factors, including the increasing demand for liquefied natural gas (LNG), the rising need for clean energy sources, and the growing use of cryogenic equipment in the healthcare, food processing, and electronics industries. For instance, LNG is a clean and efficient energy source that is becoming increasingly popular around the world. This is leading to an increase in demand for cryogenic equipment, which is used to store and transport LNG.

Additionally, The world is moving away from fossil fuels and towards cleaner energy sources such as solar, wind, and geothermal power. Cryogenic equipment is used to store and transport these renewable energy sources. Therefore, the Market of Cryogenic Equipment is expected to boost in the upcoming years.,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Cryogenic Equipment Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2019-2029 Segmented By Product Type (Valve, Tank, Vaporizer, Pump, and Others), By Cryogen Type (Nitrogen, Oxygen, Argon, Liquefied Natural Gas, and Others), By End User (Energy & Power, Chemical, Electronics, Shipping, Metallurgical, and Others), By Region, By Competition”, has evaluated the future growth potential of Global Cryogenic Equipment Market and provides statistics & information on Market size, structure and future Market growth. The report intends to provide cutting-edge Market intelligence and help decision-makers make sound investment decisions., The report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Cryogenic Equipment Market.

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[bommagoni]

Cryogenic Tanks Market Size, Growth Insight, Forecast 2030

[marketnetwork]

Containerized Commerce: Unveiling the Market Share Dynamics in the ISO Tank Container Industry

The ISO tank container market is experiencing robust growth, driven by the expansion of global trade and the increasing need for efficient and secure transportation of liquids and gases. This press release provides insights into the market size, key trends, applications, and a brief competitive analysis of the ISO tank container industry.

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Market Size and Trends:

The ISO tank container market has witnessed substantial growth in recent years, with a notable rise in demand for the transportation of bulk liquids, chemicals, and gases. According to market research, the global ISO tank container market is anticipated to reach [insert market size] by [insert year], demonstrating a significant CAGR.

Key trends shaping the market include the growing demand for intermodal transportation solutions, the emphasis on sustainability and environmental responsibility, and advancements in tank container technology. As industries increasingly prioritize efficiency and safety in their supply chains, ISO tank containers have emerged as a preferred choice for the transportation of hazardous and non-hazardous liquids.

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Applications and Product Insights:

ISO tank containers are versatile and find applications across various industries. Key applications include:

Chemical Industry: ISO tank containers play a crucial role in the safe and secure transportation of chemicals. The containers are designed to meet stringent safety standards, ensuring the integrity of the cargo during transit.

Food and Beverage Industry: The food-grade ISO tank containers are utilized for transporting liquids such as edible oils, juices, and other food products. These containers adhere to strict hygiene standards to maintain the quality of the transported goods.

Oil and Gas Industry: ISO tank containers are widely employed for the transportation of petroleum products, liquefied natural gas (LNG), and other energy-related liquids. The containers provide a cost-effective and reliable solution for global energy logistics.

Competitive Landscape:

Some of the main manufacturers of ISO Tank Container Market are:

Bertschi AG

BNH Gas Tanks

Bulkhaul Ltd.

CARU Containers B.V.

China International Marine Containers Co., Ltd.

CIMC

CMA CGM Group

CXIC GROUP

Danteco Industries B.V.

Den Hartogh Logistics

Evergreen Marine Corporation.

Hapag-Lloyd

Hoover Ferguson Group, Inc.

HOYER GmbH

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Segmentations:

By Transport Mode

Road

Rail

Marine

By Container Type

Multi-Compartment Tank

Lined Tank

Reefer Tank

Cryogenic & Gas Tanks

Swap Body Tank

By End-use Industry

Chemicals

Petrochemicals

Food & Beverage

Pharmaceuticals

Industrial Gas

Others (Paints)

Competitive Landscape and Regional Analysis:

The ISO tank container market is characterized by the presence of key players focused on innovation and meeting the evolving needs of the industry. Major companies in the market include [insert major companies], which continue to invest in research and development to enhance container design and functionality.

Regionally, Asia-Pacific is a prominent market for ISO tank containers, driven by the expanding chemical and manufacturing industries. Europe and North America also play significant roles, owing to the mature logistics infrastructure and stringent safety regulations. The Middle East and Latin America are emerging as key growth regions, with increasing investments in oil and gas exploration and production.

In conclusion, the ISO tank container market is witnessing remarkable growth, propelled by global trade dynamics and the need for secure and efficient liquid transportation. As industries continue to prioritize safety, environmental responsibility, and cost-effectiveness, the demand for ISO tank containers is poised to remain strong.

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[abcergh]

Global Cryogenic Fuels Market Size, Share, Growth Analysis, By Product Type(LNG, hydrogen), By Distribution Channel(Direct sales, distributors)

Global Cryogenic Fuels Market Insights

Global Cryogenic Fuels Market size was valued at USD 105.6 billion in 2021 and is poised to grow from USD 112.04 billion in 2022 to USD 179.93 billion by 2030, growing at a CAGR of 6.1% in the forecast period (2023-2030).

Cryogenic fuels are fuels that are cooled to extremely low temperatures so that they can exist in a liquid state. The most common cryogenic fuels are liquid hydrogen (LH2) and liquid oxygen (LOX). These fuels are used in rocket engines because they provide high thrust with relatively low weight. Cryogenic fuels are stored in tanks that are heavily insulated to keep the fuel at its low temperature. Liquid hydrogen must be stored at a temperature of -253°C, while liquid oxygen must be stored at a temperature of -183°C. The use of cryogenic fuels is essential for space travel, as they provide the high thrust needed to escape the Earth's gravity and reach orbit. In addition to rocket engines, cryogenic fuels are also used in some high-performance aircraft engines and in some industrial processes that require extremely low temperatures.

The global cryogenic fuels market is expected to experience significant growth in the coming years, driven by various factors. The world is moving towards a low-carbon economy, and there is a growing demand for clean energy sources such as LNG, hydrogen, and biogas. Cryogenic fuels play a critical role in the production, transportation, and storage of these fuels. Industrial gases such as nitrogen, oxygen, and argon are used in various industries, including healthcare, food and beverages, electronics, and chemicals, among others. The growing demand for industrial gases is expected to drive the demand for cryogenic fuels in the future. Technological advancements in cryogenic storage and transportation are driving the growth of the global cryogenic fuels market. The development of advanced cryogenic storage tanks and transportation systems has improved the efficiency and safety of cryogenic fuel transportation. The development of infrastructure such as LNG terminals, pipelines, and storage facilities is expected to drive the growth of the global cryogenic fuels market. The construction of new infrastructure will increase the availability and accessibility of cryogenic fuels. Governments around the world are implementing policies and regulations to promote the use of clean and sustainable energy sources. This is expected to drive the demand for cryogenic fuels in the coming years. The shipping industry is adopting LNG as a marine fuel due to its low emissions and cost-effectiveness. This is expected to drive the demand for cryogenic fuels in the marine sector.

Global Cryogenic Fuels Market Segmental Analysis

Global Cryogenic Fuels Market is segmented on the basis of product type, distribution channel and region. By product type, the Cryogenic Fuels Market is segmented into LNG, hydrogen, oxygen, nitrogen, and others. By distribution channel, Cryogenic Fuels Market is segmented into direct sales, distributors, and online sales. By region, the Cryogenic Fuels Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Cryogenic Fuels Market Analysis by Product Type

The dominating segment in the global cryogenic fuels market based on type is the LNG (Liquefied Natural Gas) segment. LNG is the most commonly used cryogenic fuel due to its high energy density, low emissions, and ease of transportation. The demand for LNG is increasing globally due to the growing demand for natural gas as a fuel for transportation and power generation. In addition, the increasing adoption of LNG as a marine fuel is also contributing to the growth of the LNG segment.

The fastest growing segment in the global cryogenic fuels market based on type is the hydrogen segment. Hydrogen is a clean-burning fuel that emits only water vapor and can be produced from a variety of sources, including renewable energy sources. The increasing focus on reducing greenhouse gas emissions and the shift towards a hydrogen economy are driving the growth of the hydrogen segment. The use of hydrogen as a fuel for fuel cells, transportation, and industrial applications is expected to increase significantly in the coming years, driving the growth of the hydrogen segment in the cryogenic fuels market.

Cryogenic Fuels Market Analysis by Distribution Channel

The direct sales segment is expected to dominate the market due to the increasing demand for customized solutions and direct communication between the manufacturer and end-user. Direct sales involve the sale of cryogenic fuels directly from manufacturers to end-users such as industrial gas companies, energy companies, and transportation companies. This distribution channel is preferred by large end-users who require a high volume of cryogenic fuels and have the resources to handle logistics and transportation.

Distributors act as intermediaries between manufacturers and end-users. They purchase cryogenic fuels in bulk from manufacturers and sell them to end-users such as hospitals, research laboratories, and welding companies. This distribution channel is preferred by small to medium-sized end-users who require smaller quantities of cryogenic fuels and do not have the resources to handle logistics and transportation.

[pearlsmith25]

Cryogenic Tanks Market Insights: A Comprehensive Analysis of Industry Developments

Cryogenic tanks are insulated containers used for storing liquefied gases like oxygen, nitrogen, argon, and natural gas at very low temperatures. They are used across industries such as healthcare, metals, food, energy & power, chemicals, electronics, and others. In the healthcare sector, cryogenic tanks are used for storing samples, blood, biomaterials, liquid nitrogen, and other medical gases. They provide reliable and safe storage of temperature sensitive materials.

The cryogenic tanks market is estimated to be valued at US$ 6.51 Bn in 2023 and is expected to exhibit a CAGR of 5.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: The rising demand for cryogenic tanks from the healthcare industry is expected to be a major driver for the market growth over the forecast period. According to the U.S. Centers for Disease Control and Prevention, blood collection and distribution in the U.S. exceeds 20 million units annually. Moreover, the growing geriatric population globally is increasing the demand for effective healthcare facilities and medical treatments which require long-term sample storage. This is augmenting the cryogenic tanks market. Additionally, increasing industrial gas production and metals manufacturing is also boosting the adoption of cryogenic tanks for storage and transportation of industrial gases like oxygen and nitrogen. However, high costs associated with cryogenic tanks and stringent safety regulations for transportation of hazardous cryogenic liquids may restrain the market growth. SWOT Analysis Strength: Cryogenic tanks are specially designed storage vessels used for storing cryogenic liquids and gases like liquefied natural gas (LNG), liquefied petroleum gas (LPG), nitrogen, oxygen, argon, and carbon dioxide at very low temperatures. Cryogenic tanks provide high energy efficiency, cost-effective operations, and ensure safety during transport and storage of cryogenic fluids. Weakness: High initial investment cost for setting up cryogenic storage and transportation infrastructure. Strict regulations regarding the design, fabrication, and commissioning of cryogenic storage tanks increases compliance cost. Opportunity: Growing demand for LNG as a cleaner alternative fuel is driving the need for LNG carriers as well as on-land LNG storage terminals. Rising consumption of industrial gases across manufacturing hubs creates opportunities for cryogenic tank manufacturers. Threats: Fluctuations in raw material prices can squeeze profit margins for cryogenic tank manufacturers. Stringent quality standards and certification requirements from regulatory bodies increase compliance challenges. Key Takeaways The global cryogenic tanks market is expected to witness high growth, exhibiting CAGR of 5.0% over the forecast period, due to increasing consumption of LNG as an environment-friendly fuel for power generation and transportation. Regional analysis: Asia Pacific dominates the cryogenic tanks market and is expected to witness the fastest growth, attributed to rapid industrialization and rising demand for LNG in China, India and other Southeast Asian countries. North America and Europe are other major markets driven by widespread application of cryogenic technologies across various industries. Key players analysis: Key players operating in the cryogenic tanks market are ArcelorMittal, China Baowu Group, Nippon Steel Corporation, POSCO, Shagang Group, Ansteel Group, Linde, INOX India Pvt., Cryofab, FIBA Technologies, Air Products and Chemicals, Inc., Chart Industries. These players are focusing on expansion of manufacturing facilities and partnerships with raw material suppliers and end-use industries to strengthen their presence across regions.

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Cryogenic Market Size, Business Trends, Regional and Global Analysis, Top Players, Growth Factors by 2032

Emergen Research's latest market research report, titled Global Cryogenic Market, provides estimated market size and shares, latest industry trends, global market growth rates, key drivers and opportunities, constraints, product segmentation, and major market players. Cost structure, market size, competitive landscape, product portfolio and specifications, and company profiles. This report is a fair prototype of the Cryogenic-industry containing an in-depth study of the global Cryogenic market. This report serves as a valuable source of data and information related to this industry. It covers various industry aspects with a particular focus on market scope and application areas. The report identifies the fundamental business strategies adopted by industry experts and offers an insightful study on the value chains and distribution channels of the global market. The report authors have also analyzed current industry trends, growth potential, current overview, and market limitations.

Cryogenic equipment is used to store and transport materials at extremely low temperatures, typically below -150°C. The market for cryogenic equipment is driven by a number of factors, including the increasing demand for advanced technologies, the widespread adoption of cryogenic products in the healthcare industry, and growing environmental concerns among consumers.

The global cryogenic market size was USD 21.32 Billion in 2022 and is expected to register a revenue CAGR of 6.4% during the forecast period, according to the latest analysis by Emergen Research. One of the key drivers of the cryogenic market is the increasing demand for advanced technologies. As industries continue to evolve and become more complex, there is a growing need for equipment that can operate at extremely low temperatures. Cryogenic equipment is used in a wide range of industries, including healthcare, energy and power, food and beverages, and chemicals, among others.

Another driver of the cryogenic market is the widespread adoption of cryogenic products in the healthcare industry. Cryogenic equipment is used to store and transport medical supplies, such as vaccines, organs, plasma, and other biopharmaceuticals, at extremely low temperatures. The increasing demand for cryogenic chemicals from the healthcare sector is driving the market, as is the growing awareness of the environmental benefits of cryogenic equipment.

Despite the many drivers of the cryogenic market, there are also a number of restraints that are limiting its growth. One of the main restraints is the high cost of cryogenic equipment. The process of liquefaction for cryogenic gases is expensive, which can make it difficult for some companies to invest in this technology. Additionally, the lack of skilled professionals in the field of cryogenics can also be a limiting factor.

There are a number of growth factors that are expected to drive the cryogenic market in the coming years. One of the main growth factors is the increasing use of natural gas and LNG by countries looking to phase out or shift from coal-based energy to a cleaner form of energy. The tank segment is expected to be the fastest-growing segment in the cryogenic equipment market during the forecast period, due to its use in multiple industries to carry out different types of jobs.

The global Cryogenic market report employs an extremely extensive and perceptive process that analyzes statistical data relating to services and products offered in the market. The research study is a pivotal document in understanding the needs and wants of the clients. The report is comprised of significant data about the leading companies and their marketing strategies. The Cryogenic industry is witnessing an expansion and change of dynamics owing to the entry of several new players.

The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

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The Global Cryogenic Market report provides full coverage of the companies’ data, including details about their production and manufacturing capacity, product portfolio, business overview, revenue, gross profit margins, sales network and distribution channel, financial standing, and market position. The report also studies business strategies and strategic alliances undertaken by companies to gain a robust footing in the market. The report sheds light on the mergers and acquisitions, collaborations, joint ventures, brand promotions and product launches, agreements and partnerships, and corporate and government deals. The comprehensive analysis of the competitive landscape offers the readers a deeper understanding about the competitors.

Competitive Terrain:

The global Cryogenic industries are highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

Leading Market Players Profiled in the Report:

Air Liquide, Linde Plc, Wessington Cryogenics, Chart Industries, SHI Cryogenics Group, INOX India Limited, Herose GmbH, Cryofab, Taylor-Wharton, Cryostar, Praxair Technology, Inc., Parker Hannifin Manufacturing Ltd., Absolut system, Creare LLC

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Product Type Segmentation & Application Segmentation:

Cryogen Type Outlook (Revenue, USD Billion; 2019-2032)

Nitrogen

Argon

Oxygen

Liquefied Natural Gas

Hydrogen

Others

Application Outlook (Revenue, USD Billion; 2019-2032)

Storage

Transportation and Distribution

Processing

Others

End-Use Outlook (Revenue, USD Billion; 2019-2032)

Oil & Gas

Automotive

Chemical

Metallurgy

Food & Beverage

Marine & Aerospace

Others

Regional Analysis of the Cryogenic Market:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

To access the full coverage of the global Cryogenic market report, visit @ https://www.emergenresearch.com/industry-report/cryogenic-market

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Cryogenic market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Competitive Outlook: The leading companies operating in the Cryogenic market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Cryogenic market.

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How will this Report Benefit you?

An Emergen Research report of 250 pages features 194 tables, 189 charts, and graphics. Our new study is ideal for anyone who wants to learn about the global Cryogenic market commercially and deeply, as well as to analyze the market segments in depth. With the help of our recent study, you can analyze the entire regional and global market for Cryogenic. To increase market share, you must obtain financial analysis of the entire market and its segments. Our research suggests there are significant opportunities in this rapidly expanding market for energy storage technology. Look at how you might take advantage of these revenue-generating opportunities. Additionally, the research will help you develop growth strategies, strengthen competitor analysis, and improve business productivity by enabling you to make better strategic decisions.

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Icebound Insights: Unveiling Cryogenic Control Valve Market Trends for a Futuristic Refrigeration Revolution

According to the latest research report released by Kings Research, the global cryogenic control valve market generated USD 3,362.4 Million in revenue in 2022. The study suggests that the sector is poised to accrue USD 5,587.7 Million in revenue by 2030, demonstrating a strong CAGR of 6.69% from 2023 to 2030. The cryogenic control valve market has been getting a lot of attention in recent years. The rapid growth of the sector and its impact on various industries has been highlighted in this report. The market extensively assesses the types of products, services, and technologies transforming the way industries work.

By considering a number of factors, including market dynamics, research methodologies, segmentation analysis, growth factors, restraining factors, challenges faced by market participants, growth opportunities, regional analysis, and the competitive landscape, this in-depth market research report aims to provide detailed insights into the cryogenic control valve market.

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Competitive Landscape

The competitive landscape of the cryogenic control valve market is marked by intense rivalry, the emergence of innovative startups, and the dominance of key players. Leading businesses are promoting innovation, establishing standards for the sector, and adopting lucrative tactics to increase their market share. The competitive scenario is being shaped by strategic decisions, alliances, acquisitions, and product launches, which foster a dynamic environment for market participants.

Some of the prominent players reviewed in the research report include:

Velan Inc.

Cryostar

L&T Valves Limited

Cryocomp

The Weir Group PLC

KSB Limited

Baker Hughes

SLB.

HEROSE GMBH

SAMSON AKTIENGESELLSCHAFT

Segmentation Analysis

An analysis of the cryogenic control valve market's segments has been carried out during the study in order to present an extensive overview of the industry. The market is divided into segments based on product type, end-users, and geography. This strategy made it possible to thoroughly examine each segment's distinctive traits, growth potential, and difficulties. The segmentation analysis identifies important insights or patterns prevalent in the global business.

The global Cryogenic Control Valve Market is segmented as:

By Product Type

Globe Valve

Gate Valve

Check Valve

Ball Valve

Butterfly Valve

Others

By Application

Tanks & Cold Boxes

Liquefiers

Transfer Lines

Manifolds & Gas Trains

By End-Use Industry

Energy & Power

Chemicals

Food & Beverage

Others

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Market Dynamics

The cryogenic control valve market is characterized by a complex interplay of factors that influence its growth trajectory. Demand and supply forces, technological breakthroughs, regulatory frameworks, customer preferences, and economic trends are some of the key aspects covered in this comprehensive study. 

On the other hand, the research highlights how market participants deal with various difficulties that have an impact on their plans and operations and are caused by the complexities, dynamics, and external factors influencing the market. Furthermore, the report studies the growth opportunities present in the industry, including companies tapping into emerging markets, stimulating innovation, and digital transformation.

Growth Drivers

The research conducted on the cryogenic control valve market covers a number of driving forces that are expected to fuel the industry’s growth over the forecast period. Technological innovations, changing consumer preferences toward sustainability, and convenience, are some of the factors that will continue to propel the demand for cryogenic control valves in the coming years.

Regional Analysis

The cryogenic control valve market's geographical distribution significantly influences its dynamics. This report provides an in-depth analysis of key regional markets, including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. This analysis highlights regional patterns, emerging trends, key manufacturers, governmental frameworks, consumer behavior, and so forth.

About Us:

Kings Research stands as a renowned global market research firm. With a collaborative approach, we work closely with industry leaders, conducting thorough assessments of trends and developments. Our primary objective is to provide decision-makers with tailored research reports that align with their unique business objectives. Through our comprehensive research studies, we strive to empower leaders to make informed decisions.

Our team comprises individuals with diverse backgrounds and a wealth of knowledge in various industries. At Kings Research, we offer a comprehensive range of services aimed at assisting you in formulating efficient strategies to achieve your desired outcomes. Our objective is to significantly enhance your long-term progress through these tailored solutions.

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Liquefied Natural Gas (LNG) Liquefaction Equipment Market Analysis & Forecasts 2024-2032

The Reports and Insights, a leading market research company, has recently releases report titled “Liquefied Natural Gas (LNG) Liquefaction Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Liquefied Natural Gas (LNG) Liquefaction Equipment Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Liquefied Natural Gas (LNG) Liquefaction Equipment Market?

The Liquefied Natural Gas (LNG) liquefaction equipment market size reached US$ 811.2 Million in 2023. Looking forward, Reports and Insights expects the market to reach US$ 1,226.5 Million by 2032, exhibiting a growth rate (CAGR) of 4.7% during 2024-2032.

What are Liquefied Natural Gas (LNG) Liquefaction Equipment?                                                                                                                                                                            

Liquefied Natural Gas (LNG) liquefaction equipment is utilized to convert natural gas into its liquid state for more convenient transportation and storage. This process involves lowering the temperature of the gas to -162 degrees Celsius, causing it to condense into a clear, colorless, and non-toxic liquid. The primary components of LNG liquefaction equipment include compressors, heat exchangers, and cryogenic storage tanks. Compressors elevate the gas pressure before it enters the heat exchangers, where it is cooled using refrigerants. Once cooled, the gas is stored in cryogenic tanks until it is ready for shipment. This equipment is engineered to function efficiently under extremely low temperatures and high pressures, ensuring the safe and dependable production of LNG.

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What are the growth prospects and trends in the Liquefied Natural Gas (LNG) Liquefaction Equipment industry?

The liquefied natural gas (LNG) liquefaction equipment market growth is driven by various factors. The market for Liquefied Natural Gas (LNG) liquefaction equipment is experiencing notable expansion due to the increasing global demand for natural gas as a cleaner energy alternative. This growth is marked by the continual development of more advanced and efficient liquefaction technologies to meet the rising need for LNG. Key drivers include the ongoing expansion of LNG infrastructure, particularly in emerging markets, and the growing adoption of LNG as a fuel in various industries including transportation. Moreover, innovations in liquefaction equipment design, such as modular and space-saving units, are improving operational efficiency and reducing upfront costs. However, challenges such as high initial investments and stringent regulatory standards may pose obstacles to market growth. Hence, all these factors contribute to liquefied natural gas (LNG) liquefaction equipment market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Equipment Type:

Liquefaction Units

Heat Exchangers

Compressors

Storage Tanks

Pumps

Others

By Capacity:

Small-Scale (<0.5 MTPA)

Mid-Scale (0.5-2 MTPA)

Large-Scale (>2 MTPA)

By Process Cycle:

Cascade Process

Mixed Refrigerant Process

Shell-And-Tube Process

Others

By Technology:

Conventional LNG Liquefaction

Floating LNG Liquefaction

Modular LNG Liquefaction

By End-Use Industry:

Power Generation

Transportation

Industrial

Residential & Commercial

By Application:

Export/Import Terminals

Bunkering Facilities

Peak Shaving Plants

Distributed LNG Production Units

Segmentation By Region:

North America:

United States

Canada

Europe:

Germany

The U.K.

France

Spain

Italy

Russia

Poland

BENELUX

NORDIC

Rest of Europe

Asia Pacific:

China

Japan

India

South Korea

ASEAN

Australia & New Zealand

Rest of Asia Pacific

Latin America:

Brazil

Mexico

Argentina

Middle East & Africa:

Saudi Arabia

South Africa

United Arab Emirates

Israel

Who are the key players operating in the industry?

The report covers the major market players including:

Air Products and Chemicals, Inc.

Linde plc

TechnipFMC plc

Siemens Energy AG

Chart Industries, Inc.

Mitsubishi Heavy Industries, Ltd.

General Electric Company

Bechtel Corporation

McDermott International, Inc.

Baker Hughes Company

Chiyoda Corporation

Saipem S.p.A.

JGC Corporation

Samsung Engineering Co., Ltd.

KBR, Inc.

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If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us:

Reports and Insights consistently mееt international benchmarks in the market research industry and maintain a kееn focus on providing only the highest quality of reports and analysis outlooks across markets, industries, domains, sectors, and verticals. We have bееn catering to varying market nееds and do not compromise on quality and research efforts in our objective to deliver only the very best to our clients globally.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:

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China Industrial Hoses Market: Key Players, Applications, Outlook, SWOT Analysis by 2031

The China Industrial hoses market is expected to rise by 5.7 percent year on year in 2021, defying early concerns about how the business would fare during a worldwide pandemic. The entire demand for industrial hoses in China is estimated to reach US$ 548 million metres by 2031.

According to Future Market Insights (FMI), the China industrial hoses market will be worth US$ 1.9 billion in 2031, growing at a CAGR of 7.3 percent. Ultra-high pressure industrial hoses are expected to increase at a CAGR of 7.5 percent over the assessment period.

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Key Takeaways from Market Study

China has an estimated share of 9.1% of the global industrial hoses market and close 30% of regional market consumption owing to the country’s high manufacturing output.

Lubricant hoses to hold the lead with US$ 166.1 Million in 2021 owing to extensive use in automotive applications.

Plastic and polymer hoses account for over 33% of the value share in 2021, owing to cost and durability benefits.

Energy applications to account for US$ 148 Million in 2021, driven by investments in energy infrastructure upgrades.

Leading provinces in China are estimated to contribute over 40% of the overall market consumption at 1.1 X of the overall CAGR.

“Transportation of critical fluids under stringent pressure regulations and demand from construction, oil and gas, and cryogenics sectors are major factors driving the demand for industrial hoses in China through 2031,” says a Future Market Insights analyst.

Competitive Landscape

The market is highly fragmented, with key players accounting for slightly more than one-fifth of the market share. These players are likely to invest in developing new materials and expansion of their clientele in various industries to enhance their product portfolios.

Some of the key players in this industry are Parker Hannifin Corporation, Tiger Polymer Corporation, Continental AG, Eaton Corporation, Rehau Group AG, Balflex LLC, Trelleborg AB, Kuriyama Holdings Corporation, and Qingdao Everflex Rubber & Plastic Co., Ltd. amongst others.

For More Information on this Report @ https://www.futuremarketinsights.com/reports/china-industrial-hoses-market

Industrial Hoses Market by Category

By Material:

Plastics &  Polymers

Steel

Braiding Yarn

Composites

PTFE

PUR

PVC

Nylon

Silicone

Hybrid

By Product Type:

Tank Water Hoses

Gardening Hoses

Fuel Hoses

Diving Hoses

Brake Hoses

Bicycle Hydraulic Brake Hoses

Lubricant Hoses

Hydraulic Hoses

Mini Hydraulic Hoses

Pneumatic Hoses

Cryogenic Transfer Hoses

Gas Connection Hoses

By Pressure Intake:

Low Pressure

Medium Pressure

High Pressure

Ultra High Pressure

By Application:

Commercial Plumbing

Residential Plumbing

Gardening

Manufacturing

Cryogenics & Air Separation Plants

Energy

Marine Engines & Equipment

Diving Device

Vehicles

Heavy Duty Trucks

Water Tankers

Food & Beverages

Chemicals

Pharmaceuticals

Others

Off Road Construction & Earth Moving Equipment

Industrial Forklifts

Agricultural Vehicles

Mining Vehicles

Fuel Tankers