Cryogenic Fuels Market: Liquid Nitrogen Is Used For Cryogenic Storage Of Body Organs

The Cyrogenic Fuels Market produces cryogenic fuels which are in the gaseous form at a normal atmospheric condition. These gases are cooled till they reach the boiling point so that they can be stored as low temperature liquids. Some of the cryogenic fuels are oxygen, liquid hydrogen, LNG, Nitrogen, Carbon dioxide, etc.

The Cryogenic Fuels Market has a huge demand. Liquid Nitrogen is used during the transplant procedures in the blood bank storage units and for the cryogenic storage of the body organs. The rise in the research and testing facilities especially in the field of pharmaceuticals and biotechnology will boost the growth of LNG cryogenic for freezing the biotechnology products and in turn propelling the market growth.

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Scope & Regional Forecast of the Cryogenic Fuels Market

The Cryogenic Fuels Market growth is boosted by the improvements in the healthcare sectors. There is a demand for gases like liquid oxygen, nitrogen, liquid nitrogen, nitrous oxide, specialty gases, and helium in the healthcare sector. The economic growth of emerging countries will result in establishment of new research facilities and institutes.

The other trends in the Cryogenic Fuels Market is the development of Carbon capture technologies. Greenhouse gases such as Carbon Dioxide, Sulphur dioxides, nitrogen dioxides and toxic materials like Mercury emitted from the power plants and industries should be captured to reduce the hazardous environment impacts. The gases should also follow government regulations.

There is a lot of competition for Cryogenic LNG. There are key vendors competing in terms of price, quality and market presence. The Cryogenic Fuels Market has more number of global vendors who concentrate on R&D activities in the market region like hydrogen fuel research. To get a significant share of the cryogenic fuel, companies are finding complete infrastructure solutions ranging from capturing hydrogen gas, cryogenic packaging, and delivering it through retail outlets.

During 2016, the manufacturing industry had the largest share in the Cryogenic Fuels Market. It is expected to grow in the next four years. The need for new technological applications across industries like metal, chemical, food, and electronics will propel the growth of the market.

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Segmentations & Key Players Involved in the Cyrogenic Fuels Market

The Cryogenic Fuels Market can be broken down into various segmentations on the basis of –

• Geography-  Americas, APAC, and EMEA.

Some of the key players involved in the Cryogenic Fuels Market are as follows:

• Air Liquide
• Air Products and Chemicals
• AIR WATER
• Messer Group
• Praxair Technology

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