Cryogenic Tanks Market - Global Forecast to 2024


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Cryogenic Tanks Market by Raw Material (Steel, Nickel Alloy), Cryogenic Liquid (Liquid Nitrogen, LNG), Application (Storage, Transportation), End-use Industry (Metal Processing, Energy Generation, Electronics), and Region - Global Forecast to 2024


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Cryogenic Tanks Market worth $8.1 billion by 2024 Browse 121 market data Tables 36 Figures 147 Pages and in-depth TOC on " Cryogenic Tanks Market "


Get PDF Brochure @ The global cryogenic tanks market size is projected to grow from USD 6.2 billion in 2019 to USD 8.1 billion by 2024, at a CAGR of 5.5%. Increasing demand for LNG across the world, coupled with improving healthcare services in the developing economies, is driving the cryogenic tanks industry . The global industry for cryogenic tanks is driven primarily by the increasing demand for LNG. An increase in infrastructure spending, space applications for cryogenic technologies, and cryogenic energy storage systems represent promising growth opportunities for the market. Improving healthcare services in the developing economies is boosting the cryogenic tanks market.


Metal Processing is expected to be the largest and fastest-growing segment of the market, by end-use industry, during the forecast period. Metal processing was the largest end-use industry of the cryogenic tanks market, in 2018. Cryogenic tanks are increasingly being used in the metal processing industry, especially in steel industry. Huge quantities of nitrogen and other industrial gases are used during the steel manufacturing process. Nitrogen is also known to be largest consumed gas in the industry. It is used as a high pressure gas for laser cutting of steel and metal. The inert properties of nitrogen, facilitates its use as a blanketing gas. Some gases, such as hydrogen and oxygen, are also used in the metal processing industry.   Cryogenic tanks are commonly used in the storage and transportation of these gases in manufacturing plants, which drives the market demand.


Cryogenic Tanks Market


Request Sample @ Scope of the Cryogenic Tanks Market Report This research report categorizes the cryogenic tanks market based on raw material, cryogenic liquid, application, end-use industry, and region. Cryogenic Tanks Market , Based on raw material: Steel Nickel Alloy Aluminum Alloy Others Cryogenic Tanks Market , Based on cryogenic liquid : Liquid Nitrogen Liquefied Natural Gas (LNG) Liquid Hydrogen Liquid Oxygen


Speak To Our Experts Cryogenic Tanks Market, Based on application : Storage Transportation Cryogenic Tanks Market, Based on end-use industry : Metal Processing Energy Generation Electronics Medical Technology Food & Beverage Water Treatment Others


Chart Industries (US) Cryofab (US) INOX India (India) Linde PLC (UK) Air Products (US) Cryolor (France) Air Water (Japan) Wessington Cryogenics (UK) FIBA Technologies (US) ISISAN (Turkey) The major players in the Cryogenic Tanks Market are, Enquiry Before Buying @


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