About Cryogenic Hoses
Cryogenic hoses are a type of essential assembly or equipment used to transfer cryogenic liquids and liquid gases such as liquid nitrogen, liquid helium, liquid oxygen, liquid argon, liquefied petroleum gas (LPG), liquefied natural gas (LNG), ethylene, ammonia, and carbon dioxide efficiently and effectively. Cryogenic technology is primarily used in the operation, manufacture, and maintenance of gases with a temperature of fewer than -150 degrees Celsius. Cryogenic hoses provide many advantages, including high-temperature resistance, chemical resistance, extended operating and service life, convenience of use, as well as lower maintenance costs. Traditionally, significant cryogenic hoses have been made of polymers, with multiple layers of polymers overlapped to form a composite that serves as the basis material.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market soon. Players are anticipated to focus on the development of electric and hydraulic compounds, which is likely to encourage the growth of the global market throughout the forecast period. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Cryogenic Hoses market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cryofab Inc. (United States), Gas Equipment Co, Inc. (United States), Acme Cryogenics (United States), Linde Plc. (Ireland), Pacific Hoseflex (Australia), United Flexible (United States), Meiji Rubber & Chemical (Japan), Dantec (Denmark), W. W. Grainger (United States) and Hose Manufacturing (Canada) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Cryogenic Hoses market by Type (Uninsulated, Vacuum Insulated and Foam Insulated), Application (Petrochemical Industry, Metallurgy Industry, Power Industry, Food & Beverage Industry and Others) and Region.
On the basis of geography, the market of Cryogenic Hoses has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Material type, the sub-segment i.e. Composite Hoses will boost the Cryogenic Hoses market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Enhancement of scope of cryogenics through technological advances
Market Growth Drivers:
Increase in adoption of nitrogen in the food and beverage industry
Challenges:
Slowdown adoption in the steel industry
Restraints:
Lack of Knowledge Among Developing Nations
Opportunities:
Growing demand from the petrochemical complexes and chemical industries
Market Leaders and their expansionary development strategies
In December 2022, Cryofab Inc. acquired of leading Cryogenic valves suppliers Cryocomp Inc, California-based cryogenic valves suppliers, also specialize in vacuum valve assemblies. The new company has retained the Cryocomp Inc. name as a wholly owned subsidiary of Cryofab.
In September 2023, Cryofab Cryogenics equipment in the lab. The researchers pictured are part of the Center for Functional Nanomaterials. They are using ambient-pressure x-ray photoelectron spectroscopy equipment to test nanocages, a silicon & oxygen material that can trap argon, krypton, and xenon.
Key Target Audience
Manufacturers of Cryogenic Hoses, Suppliers of Cryogenic Hoses, Wholesalers, Distributors, and Retailers of Cryogenic Hoses, Research and Development (R&D) Companies, Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.