According to Stratistics MRC, the Global Cryogenic Fuels Market is growing at a CAGR of 7.6% during the forecast period.
Gaithersburg, Maryland, United States - August 6, 2019 /MarketersMedia/ —
Rising demand of food safety concerns and high growth in 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 is restraining market growth. Moreover, high usage of liquid natural gas as a marine fuel to reduce greenhouse gas emissions is providing 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 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 End-user, Manufacturing systems segment acquired considerable share during the forecast period due to rising requirement for new technological applications across various industries such as metal, food, chemical, and electronics. By Geography, Asia Pacific is expected to grow at a significant market share during the forecast period due to factors growing demand from the energy, healthcare, and food industries.
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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.
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Types Covered:
• Oxygen
• Inert Gases
• Flammable Gases
Applications Covered:
• Electricity Generation
• Domestic Fuel
• Automotive
• Other Applications
End-users Covered:
• Manufacturing
• Healthcare
• Energy
• Chemical
• Biomedical
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Source: MarketersMedia
Release ID: 88904339
