Asia Pacific Cryogenic Tanks Market Size study, by Cryogenic Liquid (Liquefied Natural Gas, Liquid Nitrogen, Liquid Oxygen, Liquid Hydrogen, Other) by Application by End-user and Country Forecasts 2022-2032

Description

List of Tables

Asia Pacific Cryogenic Tanks Market is valued approximately at USD 2.42 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 6.30% over the forecast period 2024-2032. Cryogenic tanks are specialized containers designed to store materials at extremely low temperatures, typically below -150°C (-238°F). These tanks are crucial for storing and transporting liquefied gases such as liquid nitrogen, liquid oxygen, liquid hydrogen, and liquid natural gas (LNG). They are constructed with materials capable of withstanding such low temperatures and maintaining the contents in a liquid state. The industries such as electronics, manufacturing, and energy have been increasingly adopting cryogenic tanks for various applications including liquefied natural gas (LNG) storage, chemical processing, and metal fabrication. The expanding industrial infrastructure in the region has been driving the demand for cryogenic tanks.

Several countries in the Asia Pacific region, particularly China, Japan, South Korea, and India, have been investing heavily in LNG infrastructure to meet their energy needs. Cryogenic tanks play a vital role in the storage and transportation of LNG, thereby contributing to the market growth. Additionally, other factors supporting the market growth are increasing demand in healthcare and pharmaceuticals, supportive government initiatives and regulations, and continuous innovation and technological advancements in cryogenic tank design and materials have been enhancing their efficiency, safety, and durability. Manufacturers in the Asia Pacific region is increasingly focusing on developing advanced cryogenic tank solutions to meet the evolving requirements of end-users However, high initial investment, and complexity of operations are expected to hinder the growth of Cryogenic Tanks market during the forecast period 2024-2032.

The key Countries considered for the Asia Pacific Cryogenic Tanks market study includes China, India, Japan, South Korea, Australia and Rest of Asia Pacific. In 2023, China was the largest regional market in terms of revenue. The Cryogenic Tanks market in China is driven by the Rise in LNG Infrastructure, Growing Healthcare Sector, and continuous advancements in cryogenic tank technology, such as improved insulation materials and construction techniques, have been enhancing the efficiency and safety of these tanks. Also, government policies and initiatives aimed at promoting clean energy and reducing emissions have been driving the adoption of LNG and other cryogenic gases in China. This has resulted in increased investment in cryogenic infrastructure and a growing market for cryogenic tanks. Moreover, India is expected to grow with the highest CAGR during the forecast period 2024-2032.

Major market player included in this report are:

Air Water Inc.
Inox Air Product Pvt. Ltd.
Company 3
Company 4
Company 5
Company 6
Company 7
Company 8
Company 9
Company 10

The detailed segments and sub-segment of the market are explained below:

By Cryogenic Liquid

Liquefied Natural Gas (LNG)
Liquid Nitrogen
Liquid Oxygen
Liquid Hydrogen
Other

By Application

Storage
Transportation

By End-user

Manufacturing
Healthcare
Food Industry
Others

By Region:

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and country level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Asia Pacific Cryogenic Tanks Market Definition and Research Assumptions

1.1. Research Objective
1.2. Market Definition
1.3. Research Assumptions
- 1.3.1. Inclusion & Exclusion
- 1.3.2. Limitations
- 1.3.3. Supply Side Analysis
  - 1.3.3.1. Availability
  - 1.3.3.2. Infrastructure
  - 1.3.3.3. Regulatory Environment
  - 1.3.3.4. Market Competition
  - 1.3.3.5. Economic Viability (Consumer's Perspective)
- 1.3.4. Demand Side Analysis
  - 1.3.4.1. Regulatory frameworks
  - 1.3.4.2. Technological Advancements
  - 1.3.4.3. Environmental Considerations
  - 1.3.4.4. Consumer Awareness & Acceptance
1.4. Estimation Methodology
1.5. Years Considered for the Study
1.6. Currency Conversion Rates

Chapter 2. Executive Summary

2.1. Asia Pacific Cryogenic Tanks Market Size & Forecast (2022- 2032)
2.2. Regional Summary
2.3. Segmental Summary
- 2.3.1. By Cryogenic Liquid
- 2.3.2. By Application
- 2.3.3. By End-user
2.4. Key Trends
2.5. Recession Impact
2.6. Analyst Recommendation & Conclusion

Chapter 3. Asia Pacific Cryogenic Tanks Market Dynamics

3.1. Market Drivers
3.2. Market Challenges
3.3. Market Opportunities

Chapter 4. Asia Pacific Cryogenic Tanks Market: Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economic
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Asia Pacific Cryogenic Tanks Market Size & Forecasts by Cryogenic Liquid 2022-2032

5.1. Liquefied Natural Gas (LNG)
5.2. Liquid Nitrogen
5.3. Liquid Oxygen
5.4. Liquid Hydrogen
5.5. Other

Chapter 6. Asia Pacific Cryogenic Tanks Market Size & Forecasts by Application 2022-2032

6.1. Storage
6.2. Transportation

Chapter 7. Asia Pacific Cryogenic Tanks Market Size & Forecasts by End-user 2022-2032

7.1. Manufacturing
7.2. Healthcare
7.3. Food Industry
7.4. Others

Chapter 8. Asia Pacific Cryogenic Tanks Market Size & Forecasts by Country 2022-2032

8.1. China Cryogenic Tanks Market
- 8.1.1. Cryogenic Liquid breakdown size & forecasts, 2022-2032
- 8.1.2. Application breakdown size & forecasts, 2022-2032
- 8.1.3. End-user breakdown size & forecasts, 2022-2032
8.2. India Cryogenic Tanks Market
8.3. Japan Cryogenic Tanks Market
8.4. Australia Cryogenic Tanks Market
8.5. South Korea Cryogenic Tanks Market
8.6. Rest of Asia Pacific Cryogenic Tanks Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Air Water Inc.
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Inox Air Product Pvt. Ltd.

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes

LIST OF TABLES

TABLE 1. Asia Pacific Cryogenic Tanks market, report scope
TABLE 2. Asia Pacific Cryogenic Tanks market estimates & forecasts by Country 2022-2032 (USD Billion)
TABLE 3. Asia Pacific Cryogenic Tanks market estimates & forecasts by Cryogenic Liquid 2022-2032 (USD Billion)
TABLE 4. Asia Pacific Cryogenic Tanks market estimates & forecasts by Application 2022-2032 (USD Billion)
TABLE 5. Asia Pacific Cryogenic Tanks market estimates & forecasts by End-user 2022-2032 (USD Billion)
TABLE 6. Asia Pacific Cryogenic Tanks market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Asia Pacific Cryogenic Tanks market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Asia Pacific Cryogenic Tanks market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Asia Pacific Cryogenic Tanks market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Asia Pacific Cryogenic Tanks market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Asia Pacific Cryogenic Tanks market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Asia Pacific Cryogenic Tanks market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Asia Pacific Cryogenic Tanks market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Asia Pacific Cryogenic Tanks market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. Asia Pacific Cryogenic Tanks market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. China Cryogenic Tanks market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 17. China Cryogenic Tanks market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. China Cryogenic Tanks market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 19. India Cryogenic Tanks market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 20. India Cryogenic Tanks market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 21. India Cryogenic Tanks market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 22. Japan Cryogenic Tanks market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 23. Japan Cryogenic Tanks market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 24. Japan Cryogenic Tanks market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 25. Australia Cryogenic Tanks market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 26. Australia Cryogenic Tanks market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 27. Australia Cryogenic Tanks market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 28. South Korea Cryogenic Tanks market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 29. South Korea Cryogenic Tanks market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 30. South Korea Cryogenic Tanks market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 31.
TABLE 32. RoAPAC Cryogenic Tanks market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 33. RoAPAC Cryogenic Tanks market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 34. RoAPAC Cryogenic Tanks market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 35. List of secondary sources, used in the study of Asia Pacific Cryogenic Tanks Market.
TABLE 36. List of primary sources, used in the study of Asia Pacific Cryogenic Tanks Market.
TABLE 37. Years considered for the study.
TABLE 38. Exchange rates considered.

LIST OF FIGURES

FIG 1. Asia Pacific Cryogenic Tanks market, research methodology
FIG 2. Asia Pacific Cryogenic Tanks market, market estimation techniques
FIG 3. Asia Pacific market size estimates & forecast methods.
FIG 4. Asia Pacific Cryogenic Tanks market, key trends 2023
FIG 5. Asia Pacific Cryogenic Tanks market, growth prospects 2022-2032
FIG 6. Asia Pacific Cryogenic Tanks market, porters 5 force model
FIG 7. Asia Pacific Cryogenic Tanks market, pestel analysis
FIG 8. Asia Pacific Cryogenic Tanks market, value chain analysis
FIG 9. Asia Pacific Cryogenic Tanks market by segment, 2022 & 2032 (USD Billion)
FIG 10. Asia Pacific Cryogenic Tanks market by segment, 2022 & 2032 (USD Billion)
FIG 11. Asia Pacific Cryogenic Tanks market by segment, 2022 & 2032 (USD Billion)
FIG 12. Asia Pacific Cryogenic Tanks market by segment, 2022 & 2032 (USD Billion)
FIG 13. Asia Pacific Cryogenic Tanks market by segment, 2022 & 2032 (USD Billion)
FIG 14. Asia Pacific Cryogenic Tanks market, Country snapshot 2022 & 2032
FIG 15. Asia pacific Cryogenic Tanks market 2022 & 2032 (USD Billion)
FIG 16. Asia Pacific Cryogenic Tanks market, company market share analysis (2023)