Cryogenic Tanks are used for the storage and transportation of fluids such as liquid nitrogen, liquefied natural gas, Liquid oxygen and liquid argon at very low temperatures. Cryogenic Tanks are segmented based on the type such as stationery cryogenic tanks and trailers cryogenic tanks. Stationery cryogenic tanks are utilized for the long term storage of liquefied gases such as oxygen, argon and nitrogen at atmospheric pressure. They are further classified as flat bottom tanks and elliptical bottom tanks. A stationary flat bottom tank comprises of two vessels, one which is placed inside the other. The inner vessel is made up of stainless steel and outer is made up of carbon steel. The space between the walls is filled with insulation material such as foamed glass on the bottom, expanded perlite on the walls and roof. Elliptical bottom storage tanks are almost similar to the flat bottom storage tank except the shape of the bottom of the tank. Trailer cryogenic tanks are used for the transportation purpose and are available in the following types such as semi trailer tanks, truck tanks and container tanks. Container tanks are the most efficient and safest means of transportation of cryogenic products.
Some of the major drivers of cryogenic tanks market are rapid industrialization and developing economies. However, high operational cost in the manufacturing of cryogenic tanks can hamper the growth of the market. Ample opportunities lies for cryogenic tanks market as large number of industries are coming up in future.
Some of the key players in the business of cryogenic tanks are INOX India Ltd, FNF Gas Technology Products Private Ltd, FIBA Technologies, Cryogas Equipment Private Ltd, Linde AG, Cryoquip Australia, Cryogenic Vessel Alternatives, Gardner Cryogenic, Eden Cryogenic LLC and Suretank Group Ltd among others.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
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- Current market trends
- Market structure
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