Cryogenic Fuels - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global Cryogenic Fuels Market is growing at a CAGR of 7.6% during the forecast period. Rising demand for food safety concerns and high growth in the use of liquid natural gas fuel in ships are some of the factors fuelling the market growth. However, fluctuating prices of oil and gas and steel commodities are restraining the market growth. Moreover, high usage of liquid natural gas as a marine fuel to reduce greenhouse gas emissions is providing ample opportunities for market growth.
Cryogenic fuels are fuels that require storage at extremely low temperatures in order to maintain them in a liquid state. These fuels are used in machinery that operates in space because ordinary fuel cannot be used there, due to the absence of an environment that supports combustion and space is a vacuum. Cryogenic fuels most often constitute liquefied gases such as liquid hydrogen.
Based on the end-user, manufacturing systems segment is likely to have a huge demand due to the rising requirement for new technological applications across various industries such as metal, food, chemical, and electronics. By Geography, Asia Pacific is constantly growing during the forecast period due to the increasing demand from the energy, healthcare, and food industries.
Some of the key players profiled in the Cryogenic fuels market include TAIYO NIPPON SANSO (Mitsubishi Chemical Holdings Group), SOL Group, Praxair Technology, Norco, Messer Group, Matheson Tri-Gas, Maine Oxy, Gulf Cryo, Asia Technical Gas, AIR WATER, Air Products and Chemicals, Air Liquide and Advanced Gas Technologies.
• Inert Gases
• Flammable Gases
• Electricity Generation
• Domestic Fuel
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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- Market share assessments for the regional and country-level segments
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- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments and the regional markets
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- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
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- Supply chain trends mapping the latest technological advancements
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