Cryogenic Refrigerants Market, By Type (Liquid Nitrogen, Liquid Neon, Liquid Helium, Liquid Hydrogen

Published Date: June 2019 | Report Code : MT2058722

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The Global Cryogenic Refrigerants Market is projected to reach USD XX billion by 2028, growing at a CAGR of XX% during the forecast period. The increasing demand for cryogenic refrigerants across the processed food industry is expected to drive the cryogenic refrigerants market during the forecast period.

Cryogenic Refrigerants Market

Cryogenic Refrigerants Market

Cryogenic refrigerants are used for applications that require extremely low temperatures. Below sub-zero temperatures, the atomic bonds in materials are exceptionally stable and hence their material integrity is maintained. Cryogenic refrigerants are usually naturally occurring gases in their liquid forms.

The processed food industry is one of the biggest end-users cryogenic refrigerants market. The increasing demand for processed food across the globe has given impetus to the growth of the cryogenic refrigerants market. The freshness & integrity of the food is maintained under sub-zero temperatures, hence food products are stored in huge cryogenic storage. This helps immensely in the storage of food over long distances & over long periods of time. The liquid nitrogen (LN2) is used for instant solidification of ice-creams and other desserts. It is used in the Healthcare industry in Magnetic Resonance Imaging (MRI)  machines for maintaining the magnetic properties of the machine. It is used in morgues for the storage of organs of dead bodies that eventually be used in transplants. Low temperatures help in inhibiting the growth of bacteria and arrests the process of decomposition. Cryogenic refrigerants are used in cryogenic engines of space shuttles as cryogenic fuels for the propulsion of shuttle into space.

Cryogenic Refrigerants Market

Cryogenic Refrigerants Market

The cryogenic refrigerants market is consolidated in the Asia Pacific region. The Asia Pacific region has registered the highest growth in this market since 2014  owing to expanding the processed food industry. The North American & European regions have also shown tremendous growth in the cryogenic refrigerants market. This market is projected to grow steadily in both regions by the end of the decade. The Middle East is one of the emerging players in the cryogenic refrigerants market and is expected to show increasing demand from countries such as UAE, Qatar, Saudi Arabia, and so on.      

Key Factors Impacting Market Growth:

  • Increased demand in the processed food industry.
  • Tremendous demand in Asia Pacific due to urbanization.
  • Growth of the Healthcare sector around the globe.

 Cryogenic Refrigerants Market- Key Developments:

  • In January 2018, Chart Industries (US), acquired Skaff Cryogenics and Cryo-Lease, LLC. The acquisition is expected to expand the company’s direct regional presence, for service and aftermarket support, in the Northeast United States.

What Does This Report Provide?

This report provides a detailed understanding of the global cryogenic refrigerants market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with a potential impact on cryogenic refrigerants market during the forecast period and an in-depth analysis of the leading companies operating in the market.

Market Segmentation:

By  Type:

  • Liquid Nitrogen
  • Liquid Neon
  • Liquid Helium
  • Liquid Hydrogen

By Application:

  • Food Storage
  • Metal Hardening
  • Cryogenic Fuels
  • Magnetic Resonance Imaging (MRI)
  • Cryocoolers
  • Cryogenic Detectors
  • Others

By End-Use Industry :

  • Food & Beverages
  • Electrical & Electronics
  • Aerospace
  • Healthcare
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Application
    • By End Use Industry
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Application
    • By End Use Industry
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Application
    • By End Use Industry
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Application
    • By End Use Industry
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By Application
    • By End Use Industry
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By Application
    • By End Use Industry

Companies Covered: Major Companies profiled in the report which are key players in the global cryogenic refrigerants market include Air Liquide, Air Products and Chemicals, AIR WATER Corp., Messer Group, Praxair Technology, Advanced Gas Technologies, Asia Technical Gas, Gulf Cryo, Norco, SOL Group, Mitsubishi Chemical Holdings Group, BG-Cryo, Wessington Cryogenics,  Maine Oxy, and Matheson Tri-Gas. Information about companies that are included in this report specifically highlights future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments done by these companies in the cryogenic refrigerants market.

Years Considered In The Study

 

Historic Year

2016, 2017

Base Year

2018

Forecast Period

2019-2028 

CAGR % (2019-2028)

XX%

Reasons to Buy This Report:

  • Market size estimation of the global cryogenic refrigerants market on a regional and global basis.
  • The unique research design for market size estimation and forecast.
  • Profiling of major companies operating in the cryogenic refrigerants market with their key developments.
  • Broad scope to cover all the possible segments helping every stakeholder in the market.

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

For more information, contact: [email protected]

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