The Cryogenic Equipment Market size is expected to grow at an annual average of 6% during 2021-2027. Cryogenic equipment refers to devices used to store and transport materials at cryogenic temperatures. It consists of cryogenic storage racks, boxes, refrigerators, pressure vessels, cold traps, water purifiers, plumbing, thermostats, accessories and tanks. Mainly used for cooling, refrigeration, metalworking and biomedical and chemical storage purposes. It also helps to protect users from accidental contact with hazardous substances during handling.
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The following segmentation are covered in this report:
Based on end-user
- Energy & power
- Chemicals
- Metallurgy
- Electronics
- Shipping
- Others (Food & Beverage, Healthcare, Aerospace, and Rail Transport)
Based on equipment
- Tanks
- Valves
- Vaporizers
- Pumps
- Others (Others include all other cryogenic equipment such as Pipe, Regulator, Freezer, Dewar, Strainer, Sampler, Heat Exchangers, Leak Detection Equipment, and Accessories)
Company Profile
- Arkema
- Covestro AG
- Dow
- Formosa Plastics Corporation
- Grasim Industries Limited
- Hanwha Solutions/Chemical Corporation
- INOVYN
- Kemira Oyj
- Occidental Petroleum Corporation
- Olin Corporation
- SABIC
- Shin-Etsu Chemical Co. Ltd
- The Sanmar Group
- Westlake Chemical Corporation
The report covers the following objectives:
- Proliferation and maturation of trade in the global Cryogenic Equipment Market
- The market share of the global Cryogenic Equipment Market supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Cryogenic Equipment Market
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Cryogenic Equipment Market
Scope of the report
The research study analyses the Cryogenic Equipment Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent developments
- Market overview and growth analysis
- Import and export overview
- Volume analysis
- Current market trends and future outlook
- Market opportunistic and attractive investment segment
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Geographic coverage
- North america market size and/or volume
- Latin america market size and/or volume
- Europe market size and/or volume
- Asia-pacific market size and/or volume
- Rest of the world market size and/or volume
Key Questions Answered by Cryogenic Equipment Market Report
- What was the Cryogenic Equipment Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027)
- What will be the CAGR of Market during the forecast period (2021-2027)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
- Which manufacturer/vendor/players in the Cryogenic Equipment Market was the market leader in 2020?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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