Cryogenic Tanks Market Forecast Report 2020 – 2027 – Top Key Players Analysis


Posted June 27, 2020 by gmiresearch

The cryogenic tank is a tank that is specially designed in such a way that can be used for the transportation and storage of liquefied gases, including liquefied natural gas, liquid nitrogen, liquid argon, and liquid oxygen.

 
The cryogenic tanks market report researches and evaluates the impact of the COVID-19 outbreak on the cryogenic tanks industry, involving potential opportunity and challenges, drivers and risks. The report also includes several valuable information on the cryogenic tanks market, derived from numerous sources. The research report studies the competitive environment of the cryogenic tanks industry based on the company profiles and their efforts on accelerating production volume.

The cryogenic tank is a tank that is specially designed in such a way that can be used for the transportation and storage of liquefied gases, including liquefied natural gas, liquid nitrogen, liquid argon, and liquid oxygen. The cryogenic tanks are manufactured at or below -196 degrees celsius to hold the liquefied gas. These tanks are shipped under pressure to prevent corrosion of the inner vessel before commissioning during preparation and shipping. They are designed to keep the cryogenic liquids as cool as possible by decreasing the transfer of heat into the tank.

Key Players of the Cryogenic Tanks Market

The cryogenic tanks market report provides an overview of the leading players in the market including Linde PLC, Air Products and Chemicals, Inc., Auguste Cryogenics, Cryolor, Cryofab, Chart Industries, Wessington Cryogenics, FIBA Technologies, Inc., Nikkiso Cryo Inc., and INOX India Pvt. Ltd., among others.

Cryogenic tanks are being increasingly used in the metal processing industry, especially in the steel industry. During the cycle of steel production, a huge amount of nitrogen and other natural gases are used. Nitrogen is used as a high-pressure gas for laser cutting of steel and metal and is used in the metal processing industry. These tanks are often used in the storage and transportation of these gases to the manufacturing plants, thus growing penetration of cryogenic tanks is boosting the growth of the cryogenic tanks market size over the coming years.

The strong demand for liquid nitrogen from food and medical industries is another factor that is surging the demand for the cryogenic tanks market. The increasing use of liquid nitrogen in the food industry in decreasing the cost during storage and transportation and enhancing the quality of food. On the other edge, the reduction in steel production across worldwide is likely to hamper the growth of the cryogenic tanks market during the forecast period.

Market Segmentation

Cryogenic Tanks Market Report Segment by Raw Material:
• Steel
• Nickel Alloy
• Aluminium Alloy
• Others

Cryogenic Tanks Market Report Segment by Cryogenic Liquid:
• Liquid Nitrogen
• Liquefied Natural Gas (LNG)
• Liquid Oxygen
• Liquid Hydrogen
• Others

Cryogenic Tanks Market Report Segment by Application:
• Storage
• Transportation

Cryogenic Tanks Market Report Segment by End-Use Industry:
• Metal Processing
• Energy Generation
• Electronics
• Medical Technology
• Food & Beverage
• Water Treatment
• Others

Cryogenic Tanks Market Report Segment by Region:
• North America

o United States of America
o Canada

• Asia Pacific

o China
o Japan
o India
o Rest of APAC

• Europe

o United Kingdom
o Germany
o France
o Spain
o Rest of Europe

• RoW

o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)

About Noah Research

Noah Research is a market research and consulting firm which provides extensive industry & market research to help businesses around the world in making the toughest business decision. We provide the most comprehensive coverage of any focus industry while ensuring a holistic and deep understanding of the particular market through actionable data. We cover both aspects of the market, the traditional well-established market and the niche markets, especially in the emerging economies. Our clients rely on us to produce reliable, accurate, and timely information. We not only focus on offering the best possible solution in optimal timeframe but also ensures that the trust of our clients is always maintained. We at Noah Research are looking forward in helping businesses to gain a competitive advantage in the specific industry.
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Last Updated June 27, 2020