Global Cryogenic Storage Tanks or Vessels Market

Mar 2020| VMR1804A| Verified Market Research

Report Highlights

Cryogenic Storage Tanks or Vessels Market Size And Forecast

According to Verified Market Research, Global Cryogenic Storage Tanks or Vessels Market was valued at USD 5.42 Billion in 2018 and is projected to reach USD 7.95 Billion by 2026, growing at a CAGR of 4.9% from 2019 to 2026.

Global Cryogenic Storage Tanks or Vessels Market Outlook

The increasing application of liquid nitrogen in the food and beverage industries has provided an upthrust to the market. Liquid nitrogen is widely used in biotechnology and pharmaceutical research laboratories and therefore boosting the market. The growing demand for Liquefied natural gas (LNG) around the world has further surged the demand for cryogenic storage vessels. However, increasing the cost of stainless steel could significantly affect the manufacturing of cryogenic vessels.

Global Cryogenic Storage Tanks or Vessels Market Competitive Landscape

The Global Cryogenic Storage Tanks or Vessels Market study report will provide valuable insight with an emphasis on the global market including some of the major players such as Cryofab, Linde, Wessington Cryogenics, FIBA Technologies, Air Products, Cryolor.

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