Global Cryogenic Fuels Market Overview:
Cryogenics means the production of icy cold however the term is used today as a synonym for the low-temperature state. These fuels include liquid hydrogen, oxygen, methane, LNG, nitrogen, carbon dioxide (CO2), acetylene, helium, xenon, neon, krypton, and argon and are stored at extremely low temperatures so that they can be maintained in a liquid state. It is not well-defined at what point on the temperature scale freezing ends and cryogenics starts. Cryogenic fuels mainly oxygen and hydrogen are used as rocket fuels.
Growth Drivers
- Increasing Demand from the Energy, Healthcare, and Food Industries
- Increasing Use of LNG in Ships
Roadblocks
- Storage of Cryogenic Fuel Is Difficult As They Expand When Heated
- Can Reduce the Oxygen Level Leading To Asphyxia
Opportunities
- Growing Demand for LNG and Marine Gases
Challenges
- Expensive to Produce Cryogenic Fuels
Competitive Landscape:
Some of the key players profiled in the report are Air Liquide (France), Air Products and Chemicals (United States), AIR WATER (Japan), Messer Group (Germany), Praxair Technology (United Kingdom), Advanced Gas Technologies (Canada), Asia Technical Gas (Singapore), Gulf Cryo (Kuwait), SOL Group (Italy) and TAIYO NIPPON SANSO (Japan). Additionally, following companies can also be profiled that are part of our coverage like Wessington Cryogenics (United Kingdom), Matheson Tri-Gas (United States) and Maine Oxy (United States). Analyst at AMA Research see United Kingdom Manufacturers to retain maximum share of Global Cryogenic Fuels market by 2026.
On August 12, 2019 - In order to meet this increased demand for hydrogen, Messer has installed a 95-cubic-metre tank at the factory site. It replaces the eight hydrogen bundles used until now. Safety regulations and local conditions necessitated the construction of an eight meter high protective wall around the tank.
What Can be Explored with the Cryogenic Fuels Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Cryogenic Fuels Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Cryogenic Fuels
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Cryogenic Fuels market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Cryogenic Fuels market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Producer of Cryogenic Fuels, Suppliers of Cryogenic Fuels, Wholesalers, Distributors and Retailers of Cryogenic Fuels, Aerospace Industry, Automobile Industry and Governmental Bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.