Cryogenic technology is primarily involved in the production, maintenance, and application of low temperatures below 150⁰C. The scope of cryogenic applications has increased from cold storage to core processes in many end-user industries. The enduser industries like petrochemicals and chemicals, hold a major share of revenue in the global cryogenic tanks market. The applications of cryogenic equipment such as pumps, vaporizers, valves, and storage tanks in major end-user industries like petrochemicals and chemicals have a vital role in maintaining the temperature and pressure of liquefied natural gas (LNG), thus preventing leakages.

PART 01: Executive summary 6

PART 02: Scope of the report 17

PART 03: Research Methodology 22

PART 04: Introduction 25

Key market highlights 25

PART 05: Market landscape 31

Market overview 31

Market size and forecast 32

Five forces analysis 35

PART 06: Market segmentation by product 36

Market overview 36

LNG storage 37

Nitrogen 40

PART 07: Geographical segmentation 43

Market overview 43

APAC 44

EMEA 50

Americas 53

PART 08: Market drivers 57

Increased demand for nitrogen from food processing

industry 57

Growing brewery industry in APAC 59

Change in energy mix 61

PART 09: Impact of drivers 63

PART 10: Market challenges 64

Declining demand for LNG from South Korea and

Japan 64

Slow growth in oil and gas industry 65

Slowdown in Chinese economy 65

PART 11: Impact of drivers and challenges 68

PART 12: Market trends 69

Technological advances enhance scope of cryogenics 69

Stringent marine pollution laws 69

PART 13: Vendor landscape 72

Competitive landscape 72

Other prominent vendors 73

PART 14: Key vendor analysis 74

Chart Industries 74

Cryofab 75

INOX India 78

Linde 80

VRV 81

Wessington Cryogenics 83

PART 15: Appendix 85

List of abbreviations 85

PART 16: Explore Technavio 86