Global Cryogenic Tanker Market Size, Share & Cryogenic Tanker Market Forecast 2027

Summary

Report Description

Global Cryogenic Tanker Market was valued at USD 3223.23 million in 2021 and is anticipated to project robust growth in the forecast period with a CAGR of 7.29% owing to the robust industrial growth, rising demand for liquid natural gas, increasing demand for clean energy sources etc. across the world.

Materials like natural gases like oxygen, argon, nitrogen, helium, and hydrogen, as well as other materials, are kept at low temperatures in cryogenic tankers. The materials can be kept in the tanker at the appropriate temperature and pressure for transport. It is also called a cryo tank or cryogenic tank. The super cold fuels such as liquid oxygen and liquid hydrogen are stored in cryo tanks. Despite still being in development, the cryogenic tanker can be seen in many sciences fiction films. is employed for the preservation of human life in general while travelling txo space. The issue with this is that when the body is frozen, ice crystals form in the cells and the crystals continue to grow, rupturing the cell wall and compromising the integrity of the cell.

Development of Health Care Sector

In 2020 the COVID-19 pandemic outbreak worldwide taught a lesson to many countries to focus on the healthcare sector with the same importance as defense and infrastructure. The demand for cryogenic tankers elevated considerably in recent months due to the pandemic. Additionally, many countries like India, Africa, and the Caribbean imported oxygens gas through cryogenic tankers. The Delhi government in India recently set a goal for installing non-captive oxygen generation facilities with a minimum capacity of 10 MT and a maximum capacity of 50 MT. The generation plant will also receive power subsidies. During the projection period, these projects expand the market for cryogenic tankers.

Increasing Demand for Liquid Natural Gas

Many countries increasing the demand for use of liquid Natural Gas (LNG) instead of Fuel. The demand for LNG owing to the rise in the gas-based power plant and the trend of adopting LNG fuels in locomotive and marine transport applications. The increasing demand for energy from LNG-based power plants is the major factor attributed to the growth of the cryogenic tanker market. Therefore, the usage of oil tankers, valves, vaporizers, pumps, refrigerators, and other types of equipment in the oil & gas sector is anticipated to drive the demand for cryogenic tankers in the forecast period.

Rising Demand for Clean Energy sources

The rising demand for clean energy power is forecast to boost the market in the future. There are many applications for generating clean energy which helps to hold the growth of the market, for instance, transportation, storage and regasification. Additionally, developing economies & significant investment in the metallurgical and chemical & petrochemical sectors would propel the demand for the global cryogenic tanker market. Additionally, many countries like India, UAE, Saudi Arabia, Israeli and many others focus on clean energy sources which help in decreasing the effect of global warming. This is expected to project the market for global cryogenic tankers in the upcoming years.

Growing Demand for Liquid Nitrogen in the Manufacturing Sector

Liquid nitrogen is used extensively in the manufacturing processes of electronic products. The manufacturing operations such as laser sintering, laser ablation, brazing, carburizing, tempering, annealing, gas quenching, neutral hardening, normalizing, and sintering where nitrogen played a major role. Additionally, in the manufacturing sector, in order to stop the metals from reacting with oxygen and producing undesirable oxides that could end up in the final products, liquid nitrogen is used to cover the metals being used. In order to prevent any form of oxidation, the assembling of electronic items is carried out in a liquid nitrogen-induced environment. Hence, the market for cryogenic tankers is expected to rise in the upcoming year.

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Market Segmentation

The Global Cryogenic Tanker Market is segmented based on Raw Material, Liquid, Application, By End-user Industry, By Region and By Company. Based on Raw Materials, the market is further fragmented into Stainless steel, Nickel Alloy, and Aluminum. Based on the Liquid, the market is segmented into Liquefied Natural Gas, Liquid Nitrogen, Liquid Oxygen, and Others. Based on Application, the market is segmented into Storage and Transportation. Based on the End user industry, the market is segmented into Manufacturing, Healthcare, Food Industry, and Others. Based on regional analysis, the market is divided among North America, Europe, Asia-Pacific, Middle East & Africa and South America.

Company Profiles

Chart Industries, Inc, Air Products, INOX India Pvt. Ltd, Linde PLC, Air Water Inc, Wessington Cryogenics Ltd. and Super Cryogenic Systems Pvt Ltd. are among the major market players in the Global Cryogenic Tanker Market.

Attribute	Details
Market size value in 2021	USD 3223.23 million
Revenue Forecast in 2027	USD 4972.75 million
United States Revenue	781.54 million
Growth Rate	7.29%
Base Year	2021
Historical Years	2017 – 2020
Estimated Year	2022E
Forecast Period	2023F– 2027F
Quantitative Units	Revenue in (USD million), and CAGR for 2017-2021 and 2022- 2027F
Report Coverage	· Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	· Raw Material · Liquid · Application · End User
Regional Scope	North America, Europe, Asia-Pacific, Middle East & Africa, South America.
Key Companies Profiled	Chart Industries, Inc, Air Products, INOX India Pvt. Ltd, Linde PLC, Air Water Inc, Wessington Cryogenics Ltd, Super Cryogenic Systems Pvt Ltd, FIBA Technologies, Inc, Suretank Group Ltd, Eden Cryogenic LLC, M1 Engineering.
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope:

In this report, Global Cryogenic Tanker Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

· Global Cryogenic Tanker Market, By Raw Material:

§ Stainless Steel

§ Nickel Alloy

§ Aluminum

Global Cryogenic Tanker Market, By Liquid:

§ Liquefied Natural Gas

§ Liquid Nitrogen

§ Liquid Oxygen

§ Others

· Global Cryogenic Tanker Market, By Application:

§ Storage

§ Transportation

· Global Cryogenic Tanker Market, By End User:

§ Manufacturing

§ Healthcare

§ Food Industry

§ Others

· Global Cryogenic Tanker Market, By Region:

North America

United States
Canada
Mexico

Europe

Germany
United Kingdom
France
Italy
Spain

Asia Pacific

China
Japan
India
South Korea
Australia

Middle East & Africa

Saudi Arabia
UAE
South Africa
Kuwait

South America

Brazil
Argentina
Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Cryogenic Tanker Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Table of content

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Impact of COVID-19 on Global Cryogenic Tanker Market

5. Voice of Customer

5.1. Brand Awareness

5.2. Key Factors for Selecting Cryogenic Tanker Brand

5.3. Key Satisfaction Level

5.4. Key Challenges faced

6. Global Cryogenic Tanker Market Outlook

6.1. Industry Structure & Stakeholders

6.2. Porter’s Five Force Analysis

6.3. Market Size & Forecast

6.3.1. By Value

6.4. Market Share & Forecast

6.4.1. By Raw Material {Stainless steel, Nickel Alloy, Aluminum}

6.4.2. By Liquid {Liquefied Natural Gas, Liquid Nitrogen, Liquid Oxygen, others)

6.4.3. By Application {Storage, Transportation}

6.4.4. By End User {Manufacturing, Healthcare, Food Industry, Others}

6.4.5. By Region {North America, Europe, Asia-Pacific, Middle East & Africa, South America)}

6.4.6. By Company (2021)

6.5. Market Map

7. North America Cryogenic Tanker Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Raw Material {Stainless steel, Nickel Alloy, Aluminum}

7.2.2. By Liquid {Liquefied Natural Gas, Liquid Nitrogen, Liquid Oxygen, others)

7.2.3. By Application {Storage, Transportation}

7.2.4. By End User {Manufacturing, Healthcare, Food Industry, Others}

7.2.5. By Country

7.3. North America: Country Analysis

7.3.1. United States Cryogenic Tanker Market

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Raw Material {Stainless steel, Nickel Alloy, Aluminum}

7.3.1.2.2. By Liquid {Liquefied Natural Gas, Liquid Nitrogen, Liquid Oxygen, others)

7.3.1.2.3. By Application {Storage, Transportation}

7.3.1.2.4. By End User {Manufacturing, Healthcare, Food Industry, Others}

7.3.2. Canada Cryogenic Tanker Market

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Raw Material {Stainless steel, Nickel Alloy, Aluminum}

7.3.2.2.2. By Liquid {Liquefied Natural Gas, Liquid Nitrogen, Liquid Oxygen, others)

7.3.2.2.3. By Application {Storage, Transportation}

7.3.2.2.4. By End User {Manufacturing, Healthcare, Food Industry, Others}

7.3.3. Mexico Cryogenic Tanker Market

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Raw Material {Stainless steel, Nickel Alloy, Aluminum}

7.3.3.2.2. By Liquid {Liquefied Natural Gas, Liquid Nitrogen, Liquid Oxygen, others)

7.3.3.2.3. By Application {Storage, Transportation}

7.3.3.2.4. By End User {Manufacturing, Healthcare, Food Industry, Others}

8. Asia Pacific Cryogenic Tanker Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Raw Material {Stainless steel, Nickel Alloy, Aluminum}

8.2.2. By Liquid {Liquefied Natural Gas, Liquid Nitrogen, Liquid Oxygen, others)

8.2.3. By Application {Storage, Transportation}

8.2.4. By End User {Manufacturing, Healthcare, Food Industry, Others}

8.2.5. By Country

8.3. Asia-Pacific: Country Analysis

8.3.1. China Cryogenic Tanker Market

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Raw Material {Stainless steel, Nickel Alloy, Aluminum}

8.3.1.2.2. By Liquid {Liquefied Natural Gas, Liquid Nitrogen, Liquid Oxygen, others)

8.3.1.2.3. By Application {Storage, Transportation}

8.3.1.2.4. By End User {Manufacturing, Healthcare, Food Industry, Others)

8.3.2. Japan Cryogenic Tanker Market

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Raw Material {Stainless steel, Nickel Alloy, Aluminum}

8.3.2.2.2. By Liquid {Liquefied Natural Gas, Liquid Nitrogen, Liquid Oxygen, others)

8.3.2.2.3. By Application {Storage, Transportation}

8.3.2.2.4. By End User {Manufacturing, Healthcare, Food Industry, Others)

8.3.3. India Cryogenic Tanker Market

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Raw Material {Stainless steel, Nickel Alloy, Aluminum}

8.3.3.2.2. By Liquid {Liquefied Natural Gas, Liquid Nitrogen, Liquid Oxygen, others)

8.3.3.2.3. By Application {Storage, Transportation}

8.3.3.2.4. By End User {Manufacturing, Healthcare, Food Industry, Others)

8.3.4. South Korea Cryogenic Tanker Market

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Raw Material {Stainless steel, Nickel Alloy, Aluminum}

8.3.4.2.2. By Liquid {Liquefied Natural Gas, Liquid Nitrogen, Liquid Oxygen, others)

8.3.4.2.3. By Application {Storage, Transportation}

8.3.4.2.4. By End User {Manufacturing, Healthcare, Food Industry, Others)

8.3.5. Australia Cryogenic Tanker Market

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Raw Material {Stainless steel, Nickel Alloy, Aluminum}

8.3.5.2.2. By Liquid {Liquefied Natural Gas, Liquid Nitrogen, Liquid Oxygen, others)

8.3.5.2.3. By Application {Storage, Transportation}

8.3.5.2.4. By End User {Manufacturing, Healthcare, Food Industry, Others)

9. Europe Cryogenic Tanker Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Raw Material {Stainless steel, Nickel Alloy, Aluminum}

9.2.2. By Liquid {Liquefied Natural Gas, Liquid Nitrogen, Liquid Oxygen, others)

9.2.3. By Application {Storage, Transportation}

9.2.4. By End User {Manufacturing, Healthcare, Food Industry, Others}

9.2.5. By Country

9.3. Europe: Country Analysis

9.3.1. Germany Cryogenic Tanker Market

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Raw Material {Stainless steel, Nickel Alloy, Aluminum}

9.3.1.2.2. By Liquid {Liquefied Natural Gas, Liquid Nitrogen, Liquid Oxygen, others)

9.3.1.2.3. By Application {Storage, Transportation}

9.3.1.2.4. By End User {Manufacturing, Healthcare, Food Industry, Others)

9.3.2. United Kingdom Cryogenic Tanker Market

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Raw Material {Stainless steel, Nickel Alloy, Aluminum}

9.3.2.2.2. By Liquid {Liquefied Natural Gas, Liquid Nitrogen, Liquid Oxygen, others)

9.3.2.2.3. By Application {Storage, Transportation}

9.3.2.2.4. By End User {Manufacturing, Healthcare, Food Industry, Others)

9.3.3. France Cryogenic Tanker Market

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Raw Material {Stainless steel, Nickel Alloy, Aluminum}

9.3.3.2.2. By Liquid {Liquefied Natural Gas, Liquid Nitrogen, Liquid Oxygen, others)

9.3.3.2.3. By Application {Storage, Transportation}

9.3.3.2.4. By End User {Manufacturing, Healthcare, Food Industry, Others)

9.3.4. Italy Cryogenic Tanker Market

9.3.4.1. Market Size & Forecast

9.3.4.1.1. By Value

9.3.4.2. Market Share & Forecast

9.3.4.2.1. By Raw Material {Stainless steel, Nickel Alloy, Aluminum}

9.3.4.2.2. By Liquid {Liquefied Natural Gas, Liquid Nitrogen, Liquid Oxygen, others)

9.3.4.2.3. By Application {Storage, Transportation}

9.3.4.2.4. By End User {Manufacturing, Healthcare, Food Industry, Others)

9.3.5. Spain Cryogenic Tanker Market

9.3.5.1. Market Size & Forecast

9.3.5.1.1. By Value

9.3.5.2. Market Share & Forecast

9.3.5.2.1. By Raw Material {Stainless steel, Nickel Alloy, Aluminum}

9.3.5.2.2. By Liquid {Liquefied Natural Gas, Liquid Nitrogen, Liquid Oxygen, others)

9.3.5.2.3. By Application {Storage, Transportation}

9.3.5.2.4. By End User {Manufacturing, Healthcare, Food Industry, Others)

10. Middle East & Africa Cryogenic Tanker Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Raw Material {Stainless steel, Nickel Alloy, Aluminum}

10.2.2. By Liquid {Liquefied Natural Gas, Liquid Nitrogen, Liquid Oxygen, others)

10.2.3. By Application {Storage, Transportation}

10.2.4. By End User {Manufacturing, Healthcare, Food Industry, Others}

10.2.5. By Country

10.3. MEA: Country Analysis

10.3.1. Saudi Arabia Cryogenic Tanker Market

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Raw Material {Stainless steel, Nickel Alloy, Aluminum}

10.3.1.2.2. By Liquid {Liquefied Natural Gas, Liquid Nitrogen, Liquid Oxygen, others)

10.3.1.2.3. By Application {Storage, Transportation}

10.3.1.2.4. By End User {Manufacturing, Healthcare, Food Industry, Others)

10.3.2. UAE Cryogenic Tanker Market

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Raw Material {Stainless steel, Nickel Alloy, Aluminum}

10.3.2.2.2. By Liquid {Liquefied Natural Gas, Liquid Nitrogen, Liquid Oxygen, others)

10.3.2.2.3. By Application {Storage, Transportation}

10.3.2.2.4. By End User {Manufacturing, Healthcare, Food Industry, Others)

10.3.3. South Africa Cryogenic Tanker Market

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Raw Material {Stainless steel, Nickel Alloy, Aluminum}

10.3.3.2.2. By Liquid {Liquefied Natural Gas, Liquid Nitrogen, Liquid Oxygen, others)

10.3.3.2.3. By Application {Storage, Transportation}

10.3.3.2.4. By End User {Manufacturing, Healthcare, Food Industry, Others)

10.3.4. Kuwait Cryogenic Tanker Market

10.3.4.1. Market Size & Forecast

10.3.4.1.1. By Value

10.3.4.2. Market Share & Forecast

10.3.4.2.1. By Raw Material {Stainless steel, Nickel Alloy, Aluminum}

10.3.4.2.2. By Liquid {Liquefied Natural Gas, Liquid Nitrogen, Liquid Oxygen, others)

10.3.4.2.3. By Application {Storage, Transportation}

10.3.4.2.4. By End User {Manufacturing, Healthcare, Food Industry, Others)

11. South America Cryogenic Tanker Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Raw Material {Stainless steel, Nickel Alloy, Aluminum}

11.2.2. By Liquid {Liquefied Natural Gas, Liquid Nitrogen, Liquid Oxygen, others)

11.2.3. By Application {Storage, Transportation}

11.2.4. By End User {Manufacturing, Healthcare, Food Industry, Others}

11.2.5. By Country

11.3. South America: Country Analysis

11.3.1. Brazil Cryogenic Tanker Market

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Raw Material {Stainless steel, Nickel Alloy, Aluminum}

11.3.1.2.2. By Liquid {Liquefied Natural Gas, Liquid Nitrogen, Liquid Oxygen, others)

11.3.1.2.3. By Application {Storage, Transportation}

11.3.1.2.4. By End User {Manufacturing, Healthcare, Food Industry, Others)

11.3.2. Argentina Cryogenic Tanker Market

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Raw Material {Stainless steel, Nickel Alloy, Aluminum}

11.3.2.2.2. By Liquid {Liquefied Natural Gas, Liquid Nitrogen, Liquid Oxygen, others)

11.3.2.2.3. By Application {Storage, Transportation}

11.3.2.2.4. By End User {Manufacturing, Healthcare, Food Industry, Others)

11.3.3. Colombia Cryogenic Tanker Market

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Raw Material {Stainless steel, Nickel Alloy, Aluminum}

11.3.3.2.2. By Liquid {Liquefied Natural Gas, Liquid Nitrogen, Liquid Oxygen, others)

11.3.3.2.3. By Application {Storage, Transportation}

11.3.3.2.4. By End User {Manufacturing, Healthcare, Food Industry, Others)

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends and Developments

14. Policy and Regulatory Landscape

15. Supply Chain Analysis

16. Import-Export Analysis

17. Company Profiles

17.1. Chart Industries, Inc,

17.2. Air Products

17.3. INOX India Pvt. Ltd

17.4. Linde PLC

17.5. Air Water Inc

17.6. Wessington Cryogenics Ltd

17.7. Super Cryogenic Systems Pvt Ltd

17.8. FIBA Technologies Inc

17.9. Suretank Group Ltd

17.10. Eden Cryogenic LLC

17.11. M1 Engineering.

18. Strategic Recommendations

19. About Us & Disclaimer

Figures and Tables

Figure 1: Global Cryogenic Tanker Market Size, By Value (USD Million), 2017-2027F

Figure 2: Global Cryogenic Tanker Market Share, By Raw Material, By Value, 2017-2027F

Figure 3: Global Cryogenic Tanker Market Share, By Liquid, By Value, 2017-2027F

Figure 4: Global Cryogenic Tanker Market Share, By Application, By Value, 2017-2027F

Figure 5: Global Cryogenic Tanker Market Share, By End User, By Value, 2017-2027F

Figure 6: Global Cryogenic Tanker Market Share, By Region, By Value, 2017-2027F

Figure 7: Global Cryogenic Tanker Market Share, By Company, By Value, 2021

Figure 8: Global Cryogenic Tanker Market Map, By Raw Material, Market Size (USD Million) & Growth Rate (%), 2021

Figure 9: Global Cryogenic Tanker Market Map, By Liquid, Market Size (USD Million) & Growth Rate (%), 2021

Figure 10: Global Cryogenic Tanker Market Map, By Application, Market Size (USD Million) & Growth Rate (%), 2021

Figure 11: Global Cryogenic Tanker Market Map, By End User, Market Size (USD Million) & Growth Rate (%), 2021

Figure 12: Global Cryogenic Tanker Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2021

Figure 13: North America Cryogenic Tanker Market Size, By Value (USD Million), 2017-2027F

Figure 14: North America Cryogenic Tanker Market Share, By Raw Material, By Value, 2017-2027F

Figure 15: North America Cryogenic Tanker Market Share, By Liquid, By Value, 2017-2027F

Figure 16: North America Cryogenic Tanker Market Share, By Application, By Value, 2017-2027F

Figure 17: North America Cryogenic Tanker Market Share, By End User, By Value, 2017-2027F

Figure 18: North America Cryogenic Tanker Market Share, By Country, By Value, 2017-2027F

Figure 19: United States Cryogenic Tanker Market Size, By Value (USD Million), 2017-2027F

Figure 20: United States Cryogenic Tanker Market Share, By Raw Material, By Value, 2017-2027F

Figure 21: United States Cryogenic Tanker Market Share, By Liquid, By Value, 2017-2027F

Figure 22: United States Cryogenic Tanker Market Share, By Application, By Value, 2017-2027F

Figure 23: United States Cryogenic Tanker Market Share, By End User, By Value, 2017-2027F

Figure 24: Canada Cryogenic Tanker Market Size, By Value (USD Million), 2017-2027F

Figure 25: Canada Cryogenic Tanker Market Share, By Raw Material, By Value, 2017-2027F

Figure 26: Canada Cryogenic Tanker Market Share, By Liquid, By Value, 2017-2027F

Figure 27: Canada Cryogenic Tanker Market Share, By Application, By Value, 2017-2027F

Figure 28: Canada Cryogenic Tanker Market Share, By End User, By Value, 2017-2027F

Figure 29: Mexico Cryogenic Tanker Market Size, By Value (USD Million), 2017-2027F

Figure 30: Mexico Cryogenic Tanker Market Share, By Raw Material, By Value, 2017-2027F

Figure 31: Mexico Cryogenic Tanker Market Share, By Liquid, By Value, 2017-2027F

Figure 32: Mexico Cryogenic Tanker Market Share, By Application, By Value, 2017-2027F

Figure 33: Mexico Cryogenic Tanker Market Share, By End User, By Value, 2017-2027F

Figure 34: Asia-Pacific Cryogenic Tanker Market Size, By Value (USD Million), 2017-2027F

Figure 35: Asia-Pacific Cryogenic Tanker Market Share, By Raw Material, By Value, 2017-2027F

Figure 36: Asia-Pacific Cryogenic Tanker Market Share, By Liquid, By Value, 2017-2027F

Figure 37: Asia-Pacific Cryogenic Tanker Market Share, By Application, By Value, 2017-2027F

Figure 38: Asia-Pacific Cryogenic Tanker Market Share, By End User, By Value, 2017-2027F

Figure 39: Asia-Pacific Cryogenic Tanker Market Share, By Country, By Value, 2017-2027F

Figure 40: China Cryogenic Tanker Market Size, By Value (USD Million), 2017-2027F

Figure 41: China Cryogenic Tanker Market Share, By Raw Material, By Value, 2017-2027F

Figure 42: China Cryogenic Tanker Market Share, By Liquid, By Value, 2017-2027F

Figure 43: China Cryogenic Tanker Market Share, By Application, By Value, 2017-2027F

Figure 44: China Cryogenic Tanker Market Share, By End User, By Value, 2017-2027F

Figure 45: Japan Cryogenic Tanker Market Size, By Value (USD Million), 2017-2027F

Figure 46: Japan Cryogenic Tanker Market Share, By Raw Material, By Value, 2017-2027F

Figure 47: Japan Cryogenic Tanker Market Share, By Liquid, By Value, 2017-2027F

Figure 48: Japan Cryogenic Tanker Market Share, By Application, By Value, 2017-2027F

Figure 49: Japan Cryogenic Tanker Market Share, By End User, By Value, 2017-2027F

Figure 50: India Cryogenic Tanker Market Size, By Value (USD Million), 2017-2027F

Figure 51: India Cryogenic Tanker Market Share, By Raw Material, By Value, 2017-2027F

Figure 52: India Cryogenic Tanker Market Share, By Liquid, By Value, 2017-2027F

Figure 53: India Cryogenic Tanker Market Share, By Application, By Value, 2017-2027F

Figure 54: India Cryogenic Tanker Market Share, By End User, By Value, 2017-2027F

Figure 55: South Korea Cryogenic Tanker Market Size, By Value (USD Million), 2017-2027F

Figure 56: South Korea Cryogenic Tanker Market Share, By Raw Material, By Value, 2017-2027F

Figure 57: South Korea Cryogenic Tanker Market Share, By Liquid, By Value, 2017-2027F

Figure 58: South Korea Cryogenic Tanker Market Share, By Application, By Value, 2017-2027F

Figure 59: South Korea Cryogenic Tanker Market Share, By End User, By Value, 2017-2027F

Figure 60: Australia Cryogenic Tanker Market Size, By Value (USD Million), 2017-2027F

Figure 61: Australia Cryogenic Tanker Market Share, By Raw Material, By Value, 2017-2027F

Figure 62: Australia Cryogenic Tanker Market Share, By Liquid, By Value, 2017-2027F

Figure 63: Australia Cryogenic Tanker Market Share, By Application, By Value, 2017-2027F

Figure 64: Australia Cryogenic Tanker Market Share, By End User, By Value, 2017-2027F

Figure 65: Europe Cryogenic Tanker Market Size, By Value (USD Million), 2017-2027F

Figure 66: Europe Cryogenic Tanker Market Share, By Raw Material, By Value, 2017-2027F

Figure 67: Europe Cryogenic Tanker Market Share, By Liquid, By Value, 2017-2027F

Figure 68: Europe Cryogenic Tanker Market Share, By Application, By Value, 2017-2027F

Figure 69: Europe Cryogenic Tanker Market Share, By End User, By Value, 2017-2027F

Figure 70: Europe Cryogenic Tanker Market Share, By Country, By Value, 2017-2027F

Figure 71: Germany Cryogenic Tanker Market Size, By Value (USD Million), 2017-2027F

Figure 72: Germany Cryogenic Tanker Market Share, By Raw Material, By Value, 2017-2027F

Figure 73: Germany Cryogenic Tanker Market Share, By Liquid, By Value, 2017-2027F

Figure 74: Germany Cryogenic Tanker Market Share, By Application, By Value, 2017-2027F

Figure 75: Germany Cryogenic Tanker Market Share, By End User, By Value, 2017-2027F

Figure 76: United Kingdom Cryogenic Tanker Market Size, By Value (USD Million), 2017-2027F

Figure 77: United Kingdom Cryogenic Tanker Market Share, By Raw Material, By Value, 2017-2027F

Figure 78: United Kingdom Cryogenic Tanker Market Share, By Liquid, By Value, 2017-2027F

Figure 79: United Kingdom Cryogenic Tanker Market Share, By Application, By Value, 2017-2027F

Figure 80: United Kingdom Cryogenic Tanker Market Share, By End User, By Value, 2017-2027F

Figure 81: France Cryogenic Tanker Market Size, By Value (USD Million), 2017-2027F

Figure 82: France Cryogenic Tanker Market Share, By Raw Material, By Value, 2017-2027F

Figure 83: France Cryogenic Tanker Market Share, By Liquid, By Value, 2017-2027F

Figure 84: France Cryogenic Tanker Market Share, By Application, By Value, 2017-2027F

Figure 85: France Cryogenic Tanker Market Share, By End User, By Value, 2017-2027F

Figure 86: Italy Cryogenic Tanker Market Size, By Value (USD Million), 2017-2027F

Figure 87: Italy Cryogenic Tanker Market Share, By Raw Material, By Value, 2017-2027F

Figure 88: Italy Cryogenic Tanker Market Share, By Liquid, By Value, 2017-2027F

Figure 89: Italy Cryogenic Tanker Market Share, By Application, By Value, 2017-2027F

Figure 90: Italy Cryogenic Tanker Market Share, By End User, By Value, 2017-2027F

Figure 91: Spain Cryogenic Tanker Market Size, By Value (USD Million), 2017-2027F

Figure 92: Spain Cryogenic Tanker Market Share, By Raw Material, By Value, 2017-2027F

Figure 93: Spain Cryogenic Tanker Market Share, By Liquid, By Value, 2017-2027F

Figure 94: Spain Cryogenic Tanker Market Share, By Application, By Value, 2017-2027F

Figure 95: Spain Cryogenic Tanker Market Share, By End User, By Value, 2017-2027F

Figure 96: Middle East & Africa Cryogenic Tanker Market Size, By Value (USD Million), 2017-2027F

Figure 97: Middle East & Africa Cryogenic Tanker Market Share, By Raw Material, By Value, 2017-2027F

Figure 98: Middle East & Africa Cryogenic Tanker Market Share, By Liquid, By Value, 2017-2027F

Figure 99: Middle East & Africa Cryogenic Tanker Market Share, By Application, By Value, 2017-2027F

Figure 100: Middle East & Africa Cryogenic Tanker Market Share, By End User, By Value, 2017-2027F

Figure 101: Middle East & Africa Cryogenic Tanker Market Share, By Country, By Value, 2017-2027F

Figure 101: Saudi Arabia Cryogenic Tanker Market Size, By Value (USD Million), 2017-2027F

Figure 102: Saudi Arabia Cryogenic Tanker Market Share, By Raw Material, By Value, 2017-2027F

Figure 103: Saudi Arabia Cryogenic Tanker Market Share, By Liquid, By Value, 2017-2027F

Figure 104: Saudi Arabia Cryogenic Tanker Market Share, By Application, By Value, 2017-2027F

Figure 105: UAE Cryogenic Tanker Market Size, By Value (USD Million), 2017-2027F

Figure 106: UAE Cryogenic Tanker Market Share, By Raw Material, By Value, 2017-2027F

Figure 107: UAE Cryogenic Tanker Market Share, By Liquid, By Value, 2017-2027F

Figure 108: UAE Cryogenic Tanker Market Share, By Application, By Value, 2017-2027F

Figure 109: South Africa Cryogenic Tanker Market Size, By Value (USD Million), 2017-2027F

Figure 110: South Africa Cryogenic Tanker Market Share, By Raw Material, By Value, 2017-2027F

Figure 111: South Africa Cryogenic Tanker Market Share, By Liquid, By Value, 2017-2027F

Figure 112: South Africa Cryogenic Tanker Market Share, By Application, By Value, 2017-2027F

Figure 113: Kuwait Cryogenic Tanker Market Size, By Value (USD Million), 2017-2027F

Figure 114: Kuwait Cryogenic Tanker Market Share, By Raw Material, By Value, 2017-2027F

Figure 115: Kuwait Cryogenic Tanker Market Share, By Liquid, By Value, 2017-2027F

Figure 116: Kuwait Cryogenic Tanker Market Share, By Application, By Value, 2017-2027F

Figure 117: South America Cryogenic Tanker Market Size, By Value (USD Million), 2017-2027F

Figure 118: South America Cryogenic Tanker Market Share, By Raw Material, By Value, 2017-2027F

Figure 119: South America Cryogenic Tanker Market Share, By Liquid, By Value, 2017-2027F

Figure 120: South America Cryogenic Tanker Market Share, By Application, By Value, 2017-2027F

Figure 121: South America Cryogenic Tanker Market Share, By End User, By Value, 2017-2027F

Figure 122: South America Cryogenic Tanker Market Share, By Country, By Value, 2017-2027F

Figure 121: Brazil Cryogenic Tanker Market Size, By Value (USD Million), 2017-2027F

Figure 122: Brazil Cryogenic Tanker Market Share, By Raw Material, By Value, 2017-2027F

Figure 123: Brazil Cryogenic Tanker Market Share, By Liquid, By Value, 2017-2027F

Figure 124: Brazil Cryogenic Tanker Market Share, By Application, By Value, 2017-2027F

Figure 125: Argentina Cryogenic Tanker Market Size, By Value (USD Million), 2017-2027F

Figure 126: Argentina Cryogenic Tanker Market Share, By Raw Material, By Value, 2017-2027F

Figure 127: Argentina Cryogenic Tanker Market Share, By Liquid, By Value, 2017-2027F

Figure 128: Argentina Cryogenic Tanker Market Share, By Application, By Value, 2017-2027F

Figure 129: Colombia Cryogenic Tanker Market Size, By Value (USD Million), 2017-2027F

Figure 130: Colombia Cryogenic Tanker Market Share, By Raw Material, By Value, 2017-2027F

Figure 131: Colombia Cryogenic Tanker Market Share, By Liquid, By Value, 2017-2027F

Figure 132: Colombia Cryogenic Tanker Market Share, By Application, By Value, 2017-2027F

Frequently asked questions

What was the market size of the Global Cryogenic Tanker Market in 2021?

The market size of the Global Cryogenic Tanker Market was estimated to be USD 3223.23 million in 2021.

Which was the dominant segment by liquid in the Global Cryogenic Tanker Market in 2021?

: Liquefied natural gas is the dominant segment in the Global Cryogenic tanker Market with a share of 31.63% in 2021 owing to many countries in the Europe & Japan starting the consumption of liquefied natural gas instead of coal-fired which helps in low carbon emission and decreasing the effects of global warming. For instance, Europe switched towards natural gas from coal and increase the usage of LNG by 4%.

Which is the dominant region in the Global Cryogenic Tanker Market?

In North America region is the dominant region with a market share of 31.50% in the year 2021 owing to the United States being at the top in both production and consumption of liquified natural gas, for instance, 975 bcm is the production & 862 is consumption and followed by Russian and China. Additionally, in 2020, the U.S. exported almost 2,400 billion cubic feet (Bcf) of natural gas in the form of LNG in large LNG tanker ships, along with a small quantity shipped by container or in trucks. In total, as of August 2021, U.S. LNG has been delivered to 40 countries on five continents.

What are the major drivers for the Global Cryogenic Tanker Market?

Growing government initiatives in the healthcare sector, research & development, rise in gas-based generation, rising demand for liquid nitrogen in the manufacturing sector, etc. are the major drivers for the Global Cryogenic Tanker Market.

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Srishti Verma

Business Consultant

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Press Release

Cryogenic Tanker Market to Reach a Market Value of USD3223.23 Million till 2027

May, 2021

The growing concerns about the increasing demand for liquid nitrogen gas, the development of healthcare centers, and the rising demand for clean energy sources are expected to propel the demand for c

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