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Global Cryogenic Fuels Market 2017-2021

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
    • Technological overview
  • Market landscape
    • Market overview
      • Table Global cryogenic fuels market: Segmentation
    • Market size and forecast
      • Table Global cryogenic fuels market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Global cryogenic fuels market by end-user
      • Table Global cryogenic fuels market by end-user 2016 and 2021
      • Table Global cryogenic fuels market by end-user 2016-2021 ($ billions)
    • Global cryogenic fuels market by the manufacturing industry
      • Table Global cryogenic fuels market by the manufacturing industry 2016-2021 ($ billions)
    • Global cryogenic fuels market by the energy industry
      • Table Global cryogenic fuels market by the energy industry 2016-2021 ($ billions)
    • Global cryogenic fuels market by the healthcare industry
      • Table Global cryogenic fuels market by the healthcare industry 2016-2021 ($ billions)
  • Geographical segmentation
    • Global cryogenic fuels market by geography
      • Table Global cryogenic fuels market by geography 2016 and 2021
      • Table Global cryogenic fuels market by geography 2016-2021 ($ billions)
    • Cryogenic fuels market in APAC
      • Table Cryogenic fuels market in APAC 2016-2021 ($ billions)
    • Cryogenic fuels market in EMEA
      • Table Cryogenic fuels market in EMEA 2016-2021 ($ billions)
    • Cryogenic fuels market in the Americas
      • Table Cryogenic fuels market in the Americas 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global LNG trade during 2005-2015 (MTPA)
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
      • Table Global crude oil price volatility 2007-2016 ($ per barrel)
      • Table Safety procedures followed throughout the year
      • Table EPA standards for accuracy and reliability
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • Development of the rapid surface chilling process for the poultry industry
    • Growing LNG bunkering fuel market
      • Table Growth of LNG-fueled fleet 2000-2018 (in units)
      • Table LNG fuel compliance with emission regulations
    • Increasing number of M&A activities in the industrial gases industry
    • Development of carbon capture technologies
      • Table Major advantages of carbon capture techniques
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors (indicative list)
      • Table Other prominent vendors
  • Key vendor analysis
    • Air Liquide
      • Table Air Liquide: Key product offerings
      • Table Air Liquide: Key developments
    • Air Products and Chemicals
      • Table Air Products and Chemicals: Key product offerings
      • Table Air Products and Chemicals: Key developments
    • AIR WATER
      • Table AIR WATER: Key product offerings
    • Messer Group
      • Table Messer Group: Key product offerings
    • Praxair Technology
      • Table Praxair Technology: Key product offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

Global Cryogenic Fuels Market 2017-2021

About Cryogenic Fuels

Cryogenic fuels are in the gaseous form when they are at normal atmospheric conditions. These gases are cooled till they reach boiling point so as to store them as low-temperature liquids. Liquid hydrogen, oxygen, methane, LNG, nitrogen, carbon dioxide (CO₂), acetylene, helium, xenon, neon, krypton, and argon are some of the prominent cryogenic fuels. Cryogenic fuels are in gaseous form when they are in ambient condition. These gases are cooled to their boiling point to store as liquids for future use.

Technavio’s analysts forecast the global cryogenic fuels market to grow at a CAGR of 6.93% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global cryogenic fuels market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Cryogenic Fuels Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Air Liquide
  • Air Products and Chemicals
  • AIR WATER
  • Messer Group
  • Praxair Technology
Other prominent vendors
  • Advanced Gas Technologies
  • Asia Technical Gas
  • Gulf Cryo
  • Maine Oxy
  • Matheson Tri-Gas
  • Norco
  • SOL Group
  • TAIYO NIPPON SANSO (Mitsubishi Chemical Holdings Group)
Market driver
  • Growth of global LNG trade
  • For a full, detailed list, view our report
Market challenge
  • Uncertainties associated with low crude oil prices
  • For a full, detailed list, view our report
Market trend
  • Growing LNG bunkering fuel market
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Cryogenic Fuels Market 2017-2021

Technavio recognizes the following companies as the key players in the global cryogenic fuels market: Air Liquide, Air Products and Chemicals, AIR WATER, Messer Group and Praxair Technology.

Other Prominent Vendors in the market are: Advanced Gas Technologies, Asia Technical Gas, Gulf Cryo, Maine Oxy, Matheson Tri-Gas, Norco, SOL Group and TAIYO NIPPON SANSO (Mitsubishi Chemical Holdings Group).

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing LNG bunkering fuel market. The demand for LNG, a marine fuel, is increasing significantly. Being odorless, non-toxic, and non-corrosive, it is used to reduce GHG emissions. It also evaporates quickly when exposed to air, leaving no residue behind. While oil-based fuel still serve as the main fuel type for vessels, the number of ships that are using LNG as a fuel is also increasing fast.”

According to the report, one driver in the market is rise in food safety concerns. Cryogenic nitrogen is beneficial in the food processing industry as it is used for applications such as freezing meat, poultry, fruits, seafood, vegetables, pasta, baked products, dairy goods, and prepared meals. The advantage of cryogenic low-temperature freezing is that it reduces weight when compared with traditional mechanical freezing apart from preserving the quality. Another advantage of nitrogen is that it is environment friendly. As nitrogen has an extremely low temperature, the cryogenic system can freeze food immediately when compared with the traditional refrigeration systems that take hours.

Further, the report states that one challenge in the market is uncertainties associated with low crude oil prices. Crude oil is an unstable commodity and its pricing is hard to predict because it has a complex value chain and supply chain. The price of crude oil has registered several rise and fall in the past. It has vaguely followed a trend over the past few years, which is now identified as the crude oil price cycle. However, the correct estimation of highs and lows in the crude oil prices are yet to be seen. The crude oil prices reached historical highs in the follow-up to the global financial meltdown in 2009. After that it crashed sharply owing to weak global economic factors. Recently the crude oil prices crashed from $100/barrel in mid-2014 to around $ 50/barrel in December 2016. This reinforces the volatile nature of the global crude oil market.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit- https://www.technavio.com/report/global-cryogenic-fuels-market-2017-2021

Companies Mentioned

Air Liquide, Air Products and Chemicals, AIR WATER, Messer Group, Praxair Technology, Advanced Gas Technologies, Asia Technical Gas, Gulf Cryo, Maine Oxy, Matheson Tri-Gas, Norco, SOL Group and TAIYO NIPPON SANSO (Mitsubishi Chemical Holdings Group).

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