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#Medical Cryogenic Storage Equipment Market share
surkuted · 7 months
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https://biiut.com/read-blog/59404
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vipinmishra · 2 months
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Cryogenic Equipment Market Dynamics: Size, Share, Trends, Growth And Forecast
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Increasing demand for LNG and rising need for clean energy sources are likely to drive the market in the forecast period
According to TechSci Research report, “Cryogenic Equipment Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, the Global Cryogenic Equipment Market is experiencing a surge in demand in the forecast period. One primary driver propelling the global cryogenic equipment market is the escalating demand for Liquefied Natural Gas (LNG). As the world transitions towards cleaner energy sources, LNG has emerged as a pivotal component in the global energy mix. Cryogenic equipment, such as LNG storage tanks and vaporization systems, plays a critical role in the liquefaction, transportation, and regasification of natural gas.
The rise in demand for LNG is attributed to its environmental benefits, as it produces fewer greenhouse gas emissions compared to traditional fossil fuels. This shift towards LNG is particularly notable in the transportation and power generation sectors. The construction of new LNG terminals, coupled with expansion projects, is fueling the need for advanced cryogenic equipment. As countries invest in enhancing their LNG infrastructure to meet growing energy demands, the cryogenic equipment market is experiencing a substantial boost, reflecting the industry's integral role in supporting the global adoption of cleaner energy alternatives.
Significant driver steering the global cryogenic equipment market is the expanding range of applications in healthcare and biotechnology. Cryogenic equipment, including cryogenic storage tanks and freezers, is instrumental in preserving and storing biological materials, pharmaceuticals, and medical gases at ultra-low temperatures.
In the healthcare sector, cryogenic applications are indispensable for the storage of stem cells, tissues, and organs, facilitating advancements in regenerative medicine and organ transplantation. Also, the biotechnology industry relies heavily on cryogenic solutions for the preservation of research materials, vaccines, and biomolecules. As medical and biotechnological research and development continue to advance, the demand for cryogenic equipment is witnessing a surge.
The precision and reliability of cryogenic systems in maintaining the integrity of biological samples make them indispensable in laboratories, hospitals, and biorepositories. Consequently, the expansion of healthcare infrastructure and ongoing developments in biotechnology drive the growth of the cryogenic equipment market, positioning it as a critical enabler of breakthroughs in medical science and biopharmaceutical innovation.
Browse over XX Market data Figures spread through XX Pages and an in-depth TOC on "Global Cryogenic Equipment Market.”  https://www.techsciresearch.com/report/cryogenic-equipment-market/20008.html
The Global Cryogenic Equipment Market is segmented into product type, cryogen type, end user and region.
Based on end user, The Energy & Power segment held the largest Market share in 2023. The Energy & Power sector, particularly the LNG industry, is a major consumer of cryogenic equipment. LNG, which is natural gas cooled to cryogenic temperatures for storage and transportation, is becoming increasingly important as a cleaner and more versatile energy source.
The demand for LNG is growing globally, driven by factors such as the transition to cleaner fuels, increased energy consumption, and the rise in international LNG trade.
Cryogenic storage tanks and transportation systems are integral components of the LNG supply chain. Cryogenic conditions are necessary to keep natural gas in a liquid state, reducing its volume for more efficient storage and transport.
The construction and expansion of LNG infrastructure, including liquefaction plants, storage terminals, and LNG carriers, contribute significantly to the demand for cryogenic equipment.
The Energy & Power sector is undergoing a transition toward cleaner energy alternatives, and LNG is positioned as a key player in this shift. LNG is considered a cleaner-burning fuel compared to traditional fossil fuels, contributing to reduced greenhouse gas emissions.
Governments and industries worldwide are increasingly adopting LNG as a cleaner energy source for power generation, industrial processes, and transportation, further driving the demand for cryogenic equipment.
Cryogenic technologies are essential for the production and storage of hydrogen, which is gaining prominence as a clean and sustainable energy carrier. Cryogenic storage is particularly effective in maintaining hydrogen at extremely low temperatures, allowing for denser storage.
The increasing focus on green hydrogen and the development of hydrogen-based energy systems contribute to the demand for cryogenic equipment in the Energy & Power sector.
Cryogenic technologies play a crucial role in enhancing the efficiency and reliability of power plants. For example, cryogenic air separation units are used to produce industrial gases like oxygen and nitrogen, which find applications in combustion processes for power generation.
The overall growth in global energy demand, coupled with the need for cleaner and more efficient energy sources, drives investments in energy infrastructure. Cryogenic equipment supports the development and operation of advanced energy systems.
The strategic importance of LNG in global energy trade makes the Energy & Power sector a key driver of the cryogenic equipment market. LNG terminals and facilities, equipped with cryogenic technology, facilitate international energy trade and distribution.
Major companies operating in the Global Cryogenic Equipment Market are:
Air Liquide S.A.
Linde Plc
Emerson Electric Co.
Chart Industries Inc.
Baker Hughes Company
IHI Corporation
Kawasaki Heavy Industries Ltd
Mitsubishi Heavy Industries Ltd
Howden Broking Group Limited 
Burckhardt Compression AG
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“The Global Cryogenic Equipment Market is expected to rise in the upcoming years and register a significant CAGR during the forecast period.  This growth is being driven by a number of factors, including the increasing demand for liquefied natural gas (LNG), the rising need for clean energy sources, and the growing use of cryogenic equipment in the healthcare, food processing, and electronics industries. For instance, LNG is a clean and efficient energy source that is becoming increasingly popular around the world. This is leading to an increase in demand for cryogenic equipment, which is used to store and transport LNG.
Additionally, The world is moving away from fossil fuels and towards cleaner energy sources such as solar, wind, and geothermal power. Cryogenic equipment is used to store and transport these renewable energy sources. Therefore, the Market of Cryogenic Equipment is expected to boost in the upcoming years.,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.
“Cryogenic Equipment Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2019-2029 Segmented By Product Type (Valve, Tank, Vaporizer, Pump, and Others), By Cryogen Type (Nitrogen, Oxygen, Argon, Liquefied Natural Gas, and Others), By End User (Energy & Power, Chemical, Electronics, Shipping, Metallurgical, and Others), By Region, By Competition”, has evaluated the future growth potential of Global Cryogenic Equipment Market and provides statistics & information on Market size, structure and future Market growth. The report intends to provide cutting-edge Market intelligence and help decision-makers make sound investment decisions., The report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Cryogenic Equipment Market.
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chemicalsectorupdates · 2 months
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Cryogenic Tanks Market Size and Growth Prospects: A Deep Dive Analysis
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Cryogenic Tanks Market will grow at highest pace owing to increasing demand from chemicals and petrochemicals industry Cryogenic tanks are high-performance containers used for storing gases such as nitrogen, oxygen, argon, hydrogen and natural gas at cryogenic temperatures. Cryogenic tanks find widespread applications in shipping industrial and medical gases over long distances. They play a pivotal role in preserving perishable commodities during transportation. Cryogenic tanks offer excellent thermal insulation to maintain extremely low temperatures inside while preventing the condensation of atmospheric gases. Key advantages include durability, ease of handling and transportation. Rising demand from petrochemical facilities, gas liquefaction plants and research laboratories is fuelling sales of cryogenic tanks. The Global Cryogenic Tanks Market is estimated to be valued at US$ 6.51 Bn in 2024 and is expected to exhibit a CAGR of 5.0% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the Cryogenic Tanks are ArcelorMittal, China Baowu Group, Nippon Steel Corporation, POSCO, Shagang Group, Ansteel Group. Cryogenic tanks find widespread applications in storing and transporting industrial gases in various end-use industries such as energy & power, chemicals, metallurgy, electronics, shipping and biomedical. The global cryogenic tanks market is primarily driven by increasing demand from the chemicals and petrochemicals industry. Market Trends One of the key trends in the cryogenic tanks market is the growing demand for mid-sized cryogenic tanks in the energy sector. Mid-sized tanks with capacities ranging from 10,000-40,000 liters are increasingly used for onsite storage of liquefied natural gas and hydrogen at refueling stations. Another major trend is the increasing adoption of cryogenic tanks made from composite materials. Market Opportunities One of the major opportunities for cryogenic tank manufacturers is the rising demand from the LNG industry. Rapid infrastructure development and expansion of LNG facilities across Asia Pacific and Middle East are expected to drive sales. Another key opportunity is presented by the hydrogen economy. Widespread commercialization of fuel cell vehicles and setting up of hydrogen refueling network will augment demand for hydrogen storage and transportation cryogenic tanks over the forecast period. Impact of COVID-19 on Cryogenic Tanks Market The outbreak of COVID-19 has significantly impacted the cryogenic tanks market. During the lockdown period, demand for cryogenic gases such as oxygen, nitrogen, and argon decreased sharply from industries such as oil & gas, metal manufacturing, healthcare, etc. This led to a decline in the production of cryogenic tanks. Manufacturing facilities were shut down during lockdowns to curb the spread of the virus. Supply chain disruptions affected the availability of raw materials for tank production. Transportation restrictions made it difficult to deliver completed tanks to customers. Geographical Regions with High Concentration in Cryogenic Tanks Market Asia Pacific accounts for the largest share of the global cryogenic tanks market in terms of value. This is mainly due to the massive semiconductor, metal manufacturing and healthcare industries in countries such as China, Japan, India and South Korea which create sustained demand for cryogenic gases and associated storage and transportation equipment. North America ranks second powered by oil & gas exploration activities and healthcare sector development in the US and Canada. Europe is another major regional market led by Germany, UK, France and countries increasing investments to bolster industrial gas infrastructure and expand gas transport networks for supporting manufacturing and technology industries.
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sangamswami · 2 years
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Medical Refrigerators Industry Worth US$ 5,050.93 million in 2028
Blood Bank Refrigerators and Plasma Freezers Segment to Lead the Medical Refrigerators Market During 2021–2028
Medical refrigerators are designed to meet the temperature requirements for safe drug storage. Medical Refrigerators are used to store vaccines, pharmaceuticals, chemotherapeutics, blood, plasma, and other samples that require tight temperature control. These are more reliable products for the storage of medicinal products as they emit less heat and less sound into the room. Rising occurrence of hematological disorders and an increment in the number of accidents have increased the requirement for plasma for employment in plasma fractionation operations. In return, this requirement has led to an increase in requirements for plasma freezers and refrigerators at the blood bank. These features are boosting demand for blood bank development worldwide. Thus, driving demand for refrigerators for medical and laboratory use.
According to the new research report published by The Insight Partners, titled “Medical Refrigerators Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product Type, Design Type, Door Type, Temperature Control Range, and End User,” the market is projected to reach US$ 5,050.93 million by 2028 from US$ 3,397.48 million in 2021; it is expected to grow at a CAGR of 5.8% from 2021 to 2028. 
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Based on product type, the medical refrigerators market is segmented into laboratory refrigerators and freezers, chromatography refrigerators and freezers, ultralow-temperature freezers, blood bank refrigerators and plasma freezers, cryogenic storage systems, pharmacy refrigerators and freezers, enzyme refrigerators and freezers, hospital refrigerators and freezers, shock freezers, and others. The blood bank refrigerators and plasma freezers segment held the largest share of the market in 2020.
The growth of the medical refrigerators market is primarily attributed to the factors such as increasing demand for blood and blood components, technological advancements in medical refrigerators, and growing R&D activities to introduce new drug compounds. However, the use of refurbished equipment and high costs associated with ultralow-temperature freezers hinder the market growth. THERMO FISHER SCIENTIFIC INC., Philipp Kirsch GmbH, Godrej & Boyce Manufacturing Company Limited, Haier Group Corporation, Blue Star Limited, Helmer Scientific Inc., Vestfrost Solutions, PHC Holdings Corporation, FOLLETT LLC, and Lec Medical are among the leading companies operating in the market.
The medical refrigerators market majorly consists of the players THERMO FISHER SCIENTIFIC INC., Philipp Kirsch GmbH, Godrej & Boyce Manufacturing Company Limited, Haier Group Corporation, Blue Star Limited, Helmer Scientific Inc., Vestfrost Solutions, PHC Holdings Corporation, FOLLETT LLC, Lec Medical.
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Industrial Oxygen market : Trends, and Opportunity Analysis by Future Market Insights
Future Market Insights (FMI), in its new publication, offers a perspective on the future trajectory of the global industrial oxygen market for the period between 2019 and 2029. As per the report, global sales of industrial oxygen reached ~380 million tons in 2018, equaling revenues worth ~US$ 45 Mn. With rapid growth in steel production to meet the demand from upcoming infrastructural projects, industrial oxygen manufacturers are hard-pressed to adopt advanced technologies, to enhance their production capacities.
Market players have been strategically establishing air separation unit (ASU) production facilities, especially in developing countries, in partnership with local manufacturers. The report suggests that these partnerships aim to address the bulk requirements of industrial oxygen and other industrial gases in a whopping number of steel projects. However, industrial oxygen manufacturing uses tremendous amount of electricity and requires large and sophisticated equipment to separate, purify, and store these gases, which represent a threat to the steady growth of the market.
Key Players Explore Untapped Markets to Drive Sales Opportunities
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FMI’s study finds that the industrial oxygen market is likely to grow at a CAGR of ~6% through 2029. One of the recent trends in the market is cracking the code of M&A activities with regional stakeholders to reduce transportation expense and supply loads, which in turn, reduces the overall cost for end users. With variation in the demand from different end users, compressed oxygen gas in single cylinders, which continues to be a low-cost, versatile method of oxygen supply, are likely to witness significant sales even in cost-sensitive markets. However, liquefied oxygen will continue to gain momentum in a multitude of industries, attributing to its high convenience quotient in terms of transportation and storage, irrespective of volume.
According to the study, innovations have been forthcoming for application of high-purity (>99%) industrial oxygen in a number of non-traditional areas. The market has been benefiting from rising demand for food-grade industrial gases that not only comply with the food grade standards but also help maintain the freshness of end products. Further, considering the limiting features of conventional stationary oxygen concentrators for patients with chronic obstructive pulmonary disease (COPD), market players mainly operating in medical gases sector are working on portable oxygen concentrators.
As industrial oxygen remains critical to the successful operations of a variety of manufacturing processes in steel and chemical industries, significant focus has been placed on the development of large-scale cryogenic air separation technology. Representing revenue share of ~70%, cryogenic air separation process of industrial oxygen continues to witness higher investments and innovations, according to the study.
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astuteinsights · 2 years
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Cryostats Market 2022 | Latest Technological Advancement, Industry Trends, Competitive Landscape, Revenue by Key Vendors Size Forecast Analysis 2027
The study undertaken by Astute Analytica foresees a tremendous growth in revenue of the global cryostats market from US$ 2,081.24 Million in 2021 to US$ 3,061.82 Million by 2027. The market is anticipated to grow at a CAGR of 6.65% during the forecast period 2022-2027. In terms of volume, the market is anticipated to grow at a CAGR of 5.27% during the forecast period 2022-2027.
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A cryostat is a chamber that can keep temperatures extremely low. A cryostat is used in medical laboratories to keep frozen tissue samples frozen while a microtome, a sharp cutting device positioned within cryostats, cuts the tissue into thin enough fragments to be seen under a microscope. The chopped portion must be practically translucent in appearance. 
Moreover, development in healthcare, aerospace and biotechnology are other key market drivers for the industry. Higher demand for cryostat is the result of increased investment coupled with rising demand for end-products. Furthermore, cryogenic equipment will observe a substantial growth on account of the growing demand for natural gas along with positive outlook toward healthcare, chemical and food processing industries. 
Additionally, ongoing technological advancements coupled with rapid industrialization will positively complement product penetration. Also, increasing storage demand for cryogenic gases across shipping, agriculture and metal industries will propel the cryostats industry scenario.
On the basis of type, the continuous-flow cryostats segment is estimated to project the largest market share and highest CAGR in the global cryostats market over the forecast period. Moreover, by application, the medical field dominated the cryostats market in 2021 and is also projected to grow at the highest CAGR over the forecast period as the cryostat market is majorly driven by the healthcare industry. Furthermore, by regional outlook, North America is anticipated to hold the largest share in the global cryostats market over the forecast period owing to the presence of leading companies and strong demand for cryostats in the medical field. Also, Asia Pacific is expected to project the highest CAGR during the forecast period.
Market Dynamics and Trends
Drivers
The rising demand from healthcare industry will boost the global cryostats market during the forecast period. The increasing usage of cryostats in various medical applications such as magnetic resonance imaging (MRI), frozen tissue sections, X-ray, spectroscopy and other pathological experiments attributed to the growth of the cryostats market. Pathologists examine the slice to confirm or rule out the existence of a disease, such as cancer.  By using frozen tissue samples, doctors are able to study and diagnose tissue more quickly than they could if it had been preserved without freezing. The rising demand from healthcare sector is one of the major driving factors in the cryostats market. The custom-designed structure will allow the cryogenics sector to continue to grow and innovate.
Restraints
High power consumption is a restraining factor which inhibits the growth of the cryostats market during the forecast period. Closed-cycle cryostats use a large amount of electricity for its functioning. However, they don't need to be replenished with helium and can run for an unlimited period. Because of the cryostat's high input power consumption, the market for cryostats is predicted to decline and fluctuate in growth rate. The global cryostats market is restrained by temperature inconstancy and operational time constraints. Moreover, a cryostat uses a freezing chamber and cryogenic gas to keep its temperature constant. To achieve very low temperatures, cryostats use a variety of chilling technologies, including helium baths with liquid helium or liquid nitrogen which consumes high amount of power.
Trend
The increasing number of projects in the quantum computing are analysed to create a significant growth opportunity for the cryostats market. Quantum computing has the potential to produce new machines with capabilities far exceeding those of current powerful supercomputers. The continued development of quantum computers will result in the emergence of a new class of data processing facility that will be considerably different from current enterprise and cloud data centers in many ways. A modest quantum computer is about the size of a room and includes a cryostat that keeps the quantum processor at a super-cold temperature of about 10 milliKelvin, in order to ensure the proper functioning of the system.
Global Cryostats Market Country Wise Insights
North America Cryostats Market-
US holds the major share in terms of revenue in the North America cryostats market in 2021 and is also projected to grow with the highest CAGR during the forecast period owing to the presence of many large players in the region. The North America healthcare industry is exhibiting transformation from volume-based to value-based business. Improved quality healthcare, fraud detection, reduced length-of-stay in hospitals and prevention of novel diseases are the main demands put forth by payers and providers. Moreover, many federal policies, programs and actions are being initiated by the governments of the North American region, to experience progress in healthcare services.
Europe Cryostats Market-
UK is expected to project the highest CAGR in the Europe cryostats market during the forecast period. Whereas, Germany dominated the Europe cryostats market in 2021 owing to numerous renewable energy projects being initiated in the region. Moreover, healthcare in Europe is provided through a wide range of different systems run at individual national levels. Most European countries have a system of tightly regulated, competing private health insurance companies, with government subsidies available for citizens who cannot afford coverage. Furthermore, in terms of type, continuous-flow cryostats hold the largest share in Europe cryostats market in 2021.
Asia Pacific Cryostats Market-
China is the highest share holder region in the Asia Pacific cryostats market in 2021. Whereas, India is expected to project the highest CAGR during the forecast period due to the increasing demand for cryostats in the country. In addition, several countries in APAC import natural gases, which is boosting the trade as well as the growth of the market for cryogenics in the region. The market in APAC is at its growth stage, and the ongoing development in this region makes it a lucrative and high-potential market for cryostats.
Latin America Cryostats Market-
Mexico is projected to grow with the highest CAGR in the Latin America cryostats market over the forecast period. While, Brazil holds the largest share in the Latin America cryostats market in 2021. The cost of healthcare services in places such as Mexico, Columbia and Panama are significantly less than in the US, despite offering excellent quality of care. Moreover, with the major end user striving to boost their sales post covid outbreak, the demand for cryostats in Latin America will surge in the coming years. Furthermore, based on application, medical field is anticipated to hold the largest share in the Latin America cryostats market over the forecast period.
Middle East & Africa     Cryostats Market-
Rest of MEA is the highest shareholder in 2021 and is also projected to grow with the highest CAGR during the forecast period. The market for cryostats in Middle East & Africa will have steady growth in the coming years as the end-user such as healthcare and renewable energy gain momentum. Moreover, in terms of application, medical field dominated the MEA cryostats market in 2021 and is also projected to grow at the highest CAGR over the forecast period as the cryostat market is majorly driven by the healthcare industry.
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Competitive Insight
Global Cryostats Market is highly competitive in order to increase their presence in the marketplace. Some of the key players operating in the global cryostats market include Janis Research Company, LLC, Jinhua Yidi Medical Equipment Co., Ltd., SLEE medical GmbH, Amos Scientific Pty Ltd, Advanced Research Systems, Thermofisher Scientific Inc., Montana Instruments Corporation, Cryomech Inc., Bright Instruments and Leica Biosystem Nussloch GmbH among others.
Segmentation Overview
Global Cryostats Market is segmented based on type, application and region. The industry trends in the global cryostats market are sub-divided into different categories in order to get a holistic view of the global marketplace.
Following are the different segments of the Global Cryostats Market:
 Bath Cryostats
 Closed-Cycle Cryostats
 Multistage Cryostats
 Continuous-Flow Cryostats
 Medical Field
 Research Laboratories
 Industrial
  The U.S.
  Canada
    The UK
  Germany
  France
  Italy
  Russia
  Rest of Europe
    China
  India
  Japan
  Australia
  South Korea
  Taiwan
  Malaysia
  Indonesia
  Thailand
  Philippines
  Vietnam
  Rest of Asia Pacific
    Argentina
  Brazil
  Mexico
  Rest of Latin America
    Turkey
  Saudi Arabia
  UAE
  Rest of MEA
 Browse the Detail Report " Global Cryostats Market- (By Type- Bath Cryostats, Closed-Cycle Cryostats, Multistage Cryostats and Continuous-Flow Cryostats; By Application- Medical Field, Research Laboratories and Industrial; and By Region) - Industry Dynamics, Market Size and Opportunity Forecast, 2027" with in-depth TOC: https://www.astuteanalytica.com/industry-report/cryostats-market
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mrfrblogresearch02 · 2 years
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Healthcare Cold Chain Logistics Market 2021 Revenue, Opportunity, Forecast and Value Chain 2027
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Market Highlights:
The global healthcare cold chain logistics market is expected to register a CAGR of 7.89% during the forecast period and is expected to hit USD 22,024.66 million by 2027 A variety of modern pharmaceutical products requires a controlled environment to maintain potency, making the cold chain extremely important. However, being a sophisticated and elaborated process, cold chain penetration is moderate, especially in developing regions. Factors such as lack of proper infrastructure and poor regulatory framework in third-world countries are partly hampering the growth potential of the market. Governments in some of the fast-developing countries such as China, India, ad Japan are taking corrective measures to improve cold chain logistics services.
The global healthcare cold chain logistics market is mainly driven by the growing transportation of temperature-sensitive pharmaceutical products via cold chain logistics and the growing demand for biopharmaceutical products. In addition, an increasing number of clinical trials further boosts market growth. However, factors such as failure to comply with the regulatory standards and difficulty accessing different markets are restraining the growth of the healthcare cold chain logistics market.
Segment Analysis:
The global healthcare cold chain logistics market has been divided based on product, services, mode of delivery, temperature range, storage techniques range, and end user.
The healthcare cold chain logistics market, based on product, has been segregated into vaccines, biopharmaceuticals, clinical trial materials, and others. On the basis of services, the global market is divided into transportation, storage, packaging, labeling, and others. Based on mode of delivery, the global market is bifurcated into last-mile delivery and hubs-to-distributor. On the basis of temperature range, the global market is segmented into ambient, refrigerated, frozen, and cryogenic. By storage techniques range, the global market is segmented into electrical refrigeration, dry ice, gel packs, liquid nitrogen, and others. Based on end user, the global market is divided into hospitals & clinics, pharmaceutical, biopharmaceutical, & biotechnology companies, and others.
Request Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/6550 Regional Analysis: The healthcare cold chain logistics market, by region, has been divided into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas is expected to dominate with the largest market share due to the increasing number of refrigerated warehouses, availability of required infrastructure, and availability of skilled labor. The rising development of specialty drugs in the US majority of which requires cold chains, is likely to propel market growth. Europe held a significant share in the healthcare cold chain logistics market. Most of the European companies operating in the cold chain logistics industry are adopting automation in cold storage warehouses at a rapid pace. Western Europe also plays a significant role in propelling the European healthcare cold chain logistics market.
Asia-Pacific is expected to be the fastest-growing market in healthcare cold chain logistics, mainly due to technological advancements in medical devices and equipment such as healthcare cold chain logistics for effective treatment of patients suffering from chronic disease drives the demand for healthcare cold chain logistics in these countries. Thus, the increasing adoption of healthcare cold chain logistics is anticipated to boost the market growth. The healthcare cold chain logistics market in Middle East & Africa is growing dramatically. The Middle East is anticipated to dominate the overall regional market owing to the presence of rapidly developing countries such as the UAE and Saudi Arabia. However, in Africa, the lack of infrastructure for cold chain logistics may hamper the market. Frequent power outages, along with poor cold chain equipment and data monitoring, are the key factors restricting the transportation of vaccines to remote populations in Africa.
Key Findings of the Study:
The global healthcare cold chain logistics market was valued at USD 10,669.18 million in 2019 and is projected to register a 7.89% CAGR during the assessment period.
The Americas accounted for the largest share of the global market due to the well-developed healthcare sector and the presence of leading players.
Based on product, the vaccines segment accounted for the largest market share of 36.8% in 2019.
On the basis of services, the storage segment is expected to register the fastest growth at a CAGR of 8.78% during the forecast period.
Based on mode of delivery, the hubs-to-distributor segment accounted for the largest market share with a value of USD 7,255.53 million in 2019.
By end user, the pharmaceutical, biopharmaceutical, and biotechnology companies segment accounted for the largest market share in 2019.
Sterling Ultracold (US), FedEx (US), Phoenix Group (UK), Sonoco Thermosafe (US), and B Medical Systems (Luxembourg) are the key market players.
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latestanalysis · 3 years
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Global Beverage Grade Gas Market Size , Increase Demand, Latest Trend, Share, Growth Rate, Focusing Study & Research Report 2027
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The global Beverage Grade Gas market was valued at US$ 8,041.8 Mn in 2020, estimated to reach US$ 12,722.8 Mn in 2027 with a CAGR of 7.0% from 2021-2027.
Market Drivers: High adoption due to Benifits associated with bevarage gas
Beverage grade gases like nitrogen are passed through liquid products particularly cooking oil to reduce dissolved oxygen & achieve good quality. Nitrogen gas is used as a propellant in aerosol dispensed food products including creams & cheeses a well as to create microbubbles in desserts for improving texture and inducing fluffiness. Increasing demand for nitrogen in beverage industry for processing on account of the aforementioned properties is expected to have a positive impact on the market over the next seven years. Large oxygen controlled bulk stores for fruits & vegetables are finding applications in the food and beverage sector for increasing shelf life.
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Market Challenges: Safe & Proper Handling of Food-grade gases
Food-grade gases must be controlled & readily available at the point of use, and the means of delivery is critically important to ensure system compatibility and safe transportation. A variety of storage containers are used for this purpose such as bulk containers, cryogenic cylinders, gas cylinders, and glass bottles. All the storage containers require safe and proper handling of the stored gases is essential. This is a major challenge faced by food-grade gases manufacturers, in order to prevent hazard & environment risks associated with these food-grade gases. This factor hinders the market growth and its impact is very high.
Market Opportunities: Acquisition creates new opportunities in the market
The companies operating in the market are focusing to expand its business presence through acquis ion strategy. For instance, In April 2018, Airgas is (a division of Paris, France-based Air Liquide S.A.), an American supplier of industrial, medical and specialty gases, has acquired Carbonic Systems distributor of food and beverage gases based in Grand Rapids, Michigan. Carbonic Systems Inc. is a regional provider of beverage-grade and food-grade carbon dioxide and nitrogen, sold to Airgas, a supplier of industrial, medical and specialty gases and welding equipment.
In November 2019, Central McGowan, a supplier of gases and equipment/technology for the manufacturing, welding, medical, and food and beverage industries has acquired Jasons Beverage Carbonation Company, located in St. Paul, the U.S. The acquisition allows Central McGowan doubles the company’s CO2 Solutions business. In addition, the acquisition complements a core business of Central McGowan & expands not only its footprint and buying power but also its experience in the CO2 Solutions business. The addition of Jasons will grow distribution of ColdZERO—Central McGowan’s own brand of dry ice which is manufactured daily at its St. Cloud location using Cold Jet’s newest technology for the highest density dry ice rice available.
Beverage Grade Gas Market, By Gas Type
Carbon Dioxide has been accounted for the highest market share in 2020. Carbon dioxide (CO2) is used for the carbonation of beers & renders a sparkle and tangy taste while also preventing spoilage. Large-scale breweries typically install Carbon dioxide (CO2) reclamation equipment in their breweries which capture the Carbon dioxide (CO2) generated during fermentation process. According to information given by The Brewers of Europe, the European beer production in 2017 reached its eight-year high. The growing number of independent and microbreweries contributing to the growth of market.
Beverage Grade Gas Market, By Beverage Type
Cider beverage type is expected to grow at rapid pace over the forecast period. This is due to ring consumption of cider over the forecast period. In addition, companies operating in cider beverages type, are focusing to offer new products. This also creates new opportunities for beverage grade manufactures. For instance, in August 2020, Californian winery Limerick Lane Cellars launched a new wine brand in the United States, packaged in aluminum bottles. In December 2019, E. & J. Gallo Winery had announced its plan to modify its agreement with Constellation Brands Inc. announced in 2019, for the purchase of a portfolio of wine brands, along with 6 winemaking facilities located in California, Washington & New York.
Beverage Grade Gas Market, By Region
Europe has accounted for the highest market share in 2020 due to high consumption of beverage such as cider and soft drink.
APAC region is expected to grow at the highest rate during 2021-2027. The APAC region is expected to witness growth due to the shift from beer to cider on account of nutritional benefits owing to the increase in health-conscious consumers. The evolving trend of fruit sourced ingredients across various product categories, particularly in beverages, has surged the market for fruit-flavored alcohol. Countries such as India & China are predominantly witnessing high demand for apple sand fruit-flavored ciders.
Recent Developments:
In January 2021: Gulf Cryo had unveiled its plans for CO2 (Carbon Dioxide) recovery plant in Saudi Arabia. Gulf Cryo will procure, install & operate largest CO2 (Carbon Dioxide) emissions capture plant in the Middle East, to be located in Saudi Arabia. The new CO2 (Carbon Dioxide) recovery plant investment will allow it to double its existing CO2 production capacity in Saudi Arabia and will capture more than 250,000 tons per year of Carbon Dioxide emissions in order to produce high-purity, food-grade green CO2. With this strategic investment, Gulf Cryo aims to maintain the leading role in the challenging transition to a low carbon future in Middle East and Saudi Arabia
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Market key Players
Various key players are listed in this report such as Air Liquide, The Messer Group GmbH, Taiyo Nippon Sanso, American Welding & Gas, SOL Group, Purity Cylinder Gases Inc., Gulf Cryo, SIAD, Cryogenic Gases, Chengdu Taiyu Industrial Gases Co., Ltd, Air Source Industries, Air Products & Chemicals, Inc, etc.
Market Taxonomy
By Types of Beverages
Ciders
Soft drinks
Others
By Purpose
Additive
Propellant
Modified atmosphere
Sterilization
Others
By Types of Gases
Chlorine
Carbon dioxide
Nitrogen
Oxygen
Ozone
Nitrous oxide
Propane
Iso-butane
Ethylene
Others
By Application
Beverage carbonation
Anti-bacterial
Freezing and chilling
Cryogenic and IQF freezing
Packaging
Others
By Region
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
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decisionforsight · 3 years
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Global Biopreservation Market
Global Biopreservation Market Size, Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts to 2030
The global biopreservation market accounted 3.2 billion USD in 2020 and is expected to reach 13.2 billion USD by 2030 with a CAGR of 15.1% approximately during the forecast period.Biopreservation is a process that involves the preservation and storage of bio-specimens like purified DNA, saliva, and plasma. It enables the stability, quality, and purity of bio-specimens. The process of biopreservation is carried out with the help of lactic acid bacteria as they are inhibitory to microbes responsible for decomposition. It has developed as an effective preservation method for long-term storage. Because of this, biopreservation has become a vital tool for the success of numerous clinical and commercial applications of the developing cell-based technologies. Currently, it is been extensively used for retaining the integrity and functionality of clinical trials material, stem cells, embryos, sperms, and eggs in several research and healthcare institutions.   
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Market Dynamics and Factors:
Growing prevalence of chronic disorders, rising healthcare expenditure, and increasing government spending on R&D are the major factors driving the global biopreservation market. For instance, according to the National Diabetes Statistics Report 2017, around 30 million people which comprises of almost 9.4% of the U.S. population had diabetes in 2015. Scarcity of organ donors for transplantation purposes is going to augment the demand for regenerative medicines which will in turn escalate the biopreservation market growth in the coming future. In addition to that, other major driving factors include growing research in drug discovery, increase in the number of bio-banks to store biological products used in various kinds of medical research, and government initiatives to promote bio-banking for disease treatment. For instance, government initiatives such as International Society of Biological and Environmental Repositories to enrich bio-banking and preservation standards and practices is creating huge opportunities for the biopreservation market to grow in the coming future. However, certain factors like high cost of biopreservation devices, stringent norms for the production of biopreservation products, and the emergence of room temperature storage techniques are hindering the growth of the biopreservation market. Furthermore, increasing R&D by key players in order to enhance their capabilities and provide efficient products and services is expected to further expand growth prospects for the market.
Market Segmentation:
Global Biopreservation Market – By Product Type
Equipments
Freezers
Refrigerators
Consumables
Liquid Nitrogen
Media
Nutrient Media
Sera
Growth Factors & Supplements
Laboratory Information Management System
Global Biopreservation Market – By Application
Regenerative Medicine
Cell Therapy
Gene Therapy
Others
Biobanking
Human Eggs
Human Sperms
Veterinary Ivf
Drug Discovery
Global Biopreservation Market – By Cell Providers Volume
Cd 34+
Cd19+
MSC
IPSC
HESC
Tumor Cells
Others
Global Biopreservation Market – By End-Users
Hospitals
Bio-Banks
Gene Banks
Others
Global Biopreservation Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
North America is expected to dominate the global biopreservation market in terms of market share during the forecast period. Increasing prevalence of chronic disorders like diabetes, renal failure leading to organ damage has augmented the scope of organ transplantation in the region. Thus, positively impacting the biopreservation market in the region. For instance, according to the U.S. Department of Health & Human Services, almost 114,000 people were on the national transplant waiting list as of August 2017. This in turn has increased the adoption rate of regenerative medicine in disease treatment and contributed to the growth of the biopreservation market in the region. Other major factors include robust healthcare infrastructure, and government investments in R&D attributing to the market dominance of the region. Europe is expected to be the second most dominating market for biopreservation products during the forecast period. Increasing government support in networking of bio-banks such as UK Bio-bank and international collaborations for expanding the scope of bio-banking are the major factors attributing to the market growth in the region. The Asia Pacific market is anticipated to witness the fastest growth in the biopreservation market during the forecast period. Consistent rise in number of patients suffering from chronic diseases, and increasing government investments in R&D is widening the scope for adoption of bio-storage, thereby boosting the market growth across the APAC region.
Competitive Scenario:
The key players operating in the global biopreservation market are –
BioLife Solutions, BioCision, Biomatrica, Chart MVE Biomedical, Thermo Fisher Scientific, Panasonic Biomedical, Taylor-Wharton Cryogenics, Atlanta Biologics, Qiagen, Princeton Cryotech Inc.    
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The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Biopreservation industry, although key threats, opportunities and disruptive technologies that could shape the Global Biopreservation Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Biopreservation Market most.
The data analysis present in the Global Biopreservation Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Biopreservation Market business.
The 2021 Annual Global Biopreservation Market offers:
100+ charts exploring and analysing the Global Biopreservation Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Biopreservation Market type
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tmr-reports111 · 3 years
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Cryogenic Labels Market Demand and Insights by 2030 - Global Industry Analysis, Size, Share, Growth, Trends, And Forecast
Global Cryogenic Labels Market: Overview
The demand within the global cryogenic labels market is set to increase at a stellar pace in the years to follow. The direct relationship between the use of cryogenic labels and quality enhancements in key industries has played an integral role in market expansion. The use of cryogenic labels is not restricted to a particular industry, and it spans into several areas pertaining to biological research, fuel testing, and production quality management. The industrial applications of cryogenic materials have also created humongous opportunities for growth within the global cryogenic labels market. Over the course of the next decade, several new companies could begin manufacturing cryogenic labels that can be used for temperature-dependent applications.
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In this syndicate review, the total volume of revenues within the global cryogenic labels market is set to increase in the times to follow. It is important for market vendors capitalise on the needs of fuel suppliers and cryogenic processing units in order to earn fresh market revenues. Henceforth, the revenue index of the global cryogenic labels market is set to improve in the times to come by. The application of cryogenic labels in the domain of magnetic field resonance, nuclear magnetic resonance, and power transmission has also generated new opportunities for growth within the global market. It would be interesting to witness the growth direction of the cryogenic labels market over the coming years.
Global Cryogenic Labels Market: Notable Developments
GA International is an important entity that has spearheaded innovation and advancements in the global cryogenic labels market. The use of cryogenic labels that are used for biopreservation have been developed by the company. Storage of liquid nitrogen is an important consideration across the research sector, and GA has made concerted efforts to this end by developing resilient labels.
Argos Technologies is also an important company operating in the global cryogenic labels market. The development of labels that can withstand freezing by Argos Technologies has helped the company in earning fresh revenues. Furthermore, Argos also manufactures labels that can be sued for cryogenic storage applications.
Key Players
Diversified Biotech, Inc.
Argos Technologies, Inc.
Cryoguard Corporation
Global Cryogenic Labels Market: Growth Drivers
Importance of Biological Testing
The healthcare and medical research industries have also emerged as core consumers of cryogenic labels in recent times. The need for maintaining accuracy and precision in medical experiments and biological tests has created humongous opportunities for market expansion. Furthermore, there has been an influx of revenues into this market, mainly due to an increase in the number of biological samples tested annually. The use of cryogenic labels to ensure that the cryogenic vials and flasks do not undergo depreciation and damage has generated sales across the market. Moreover, the need to prevent biological samples from mixing up due to human error has also created increased demand for cryogenic labels.
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Investments in Cryogenic Technologies
The next decade is poised to witness an increase in investments made in the global cryogenic labels market. The wide-scale use of cryogenic fluids and liquefied gases across leading industries has recalibrated focus towards the global cryogenic labels market. Furthermore, the field of cryogenics has gained traction from key entities across the globe. Temperature-based applications come in handy in a range of industrial processes and experiments. The use of cryogenic labels to manage and store equipment and devices used for such experiments has given a thrust to market expansion. In light of these factors, it is safe to expect that the global cryogenic labels market would grow by leaps and bounds.
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marketrevenueba · 3 years
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Cryogenic Insulation Market Statistics, Overview, Analysis, Region & Country Revenue Share, & Forecast Till 2027
Market size- USD 2.52 billion in 2018, Market Growth- CAGR of 7.3%, Market Trends- Launch of improved insulations and research and development.
According to the current analysis of Reports and Data, the global Cryogenic Insulation Market was valued at USD 2.52 billion in 2018 and is expected to reach USD 4.41 billion by year 2026, at a CAGR of 7.3 %.  Cryogenics are materials that reach very low temperatures. The temperatures scales for cryogenics are not very well defined. However, it is believed that a gas is cryogenic if it can be liquefied at a temperature as low as -150°. In simple terms, cryogenic is fundamentally about energy and insulation is about energy conservation. With the rising focus on thermal isolation, the use of cryogenics and low temperature refrigeration is taking more and more significant role. In the recent times, it has become prominent due to the increasing awareness and its versatility in application. It has become a major requirement throughout industries, from food industry, transportation, energy and medical application to Space Shuttles. No matter where its application lies, cryogenic liquids must be stored, handled and transferred from one point to another. The growing demand for LNG and LPG across several sectors such as automotive, power and energy, domestic and commercial fuel. This is boosting the natural gas exploration initiatives, thus requiring cryogenic insulation.
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Major Companies Operating in the industry and profiled in the report are:
·         Lydall Inc.,
·         Armacell International Holding GmbH,
·         BASF,
·         Dunmore,
·         Kaefer,
·         Aspen Aerogel,
·         Rochling Group and Vita Group.
The report provides a comprehensive analysis of current market dynamics and the factors that might influence the growth of the market or hamper it. The report provides insight into revenue growth, global and regional analysis, and market segmentation based on types and applications.
Cryogenic Insulation Market Segmentation based on Product Types:
·         Fibreglass
·         Cellular glass
·         Perlite insulation
·         Polyurethane (PU)
·         Polyisocyanurate (PIR)
Cryogenic Insulation Market Segmentation based on Applications:
·         Transportation
·         Energy and Power
·         Electronics
·         Medical
·         Chemical
The report additionally discusses in-depth the strategic initiatives taken by the major market players for expanding their consumer base and to gain market size. This includes a list of mergers, acquisitions, joint ventures, product launches, collaborations, partnerships, and agreements. The report includes an extensive profiling of the key companies including their product catalogues, pricing analysis, and business expansion strategies.
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The regional analysis of the Cryogenic Insulation market provides an insight into the regions expected to hold the largest share in the market. According to the research report, North America is expected to dominate the market holding the largest share. Asia Pacific is expected to show a significant growth in the coming years owing to adoption of advanced technologies and growing consumer base. Europe is expected to follow closely behind North America & APAC countries. Latin America and Middle East & Africa are expected to hold a significant share in the market.
The regional analysis covers:
·         North America (U.S., Canada, Mexico)
·         Europe (U.K., Italy, Germany, France, Rest of EU)
·         Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
·         Latin America (Chile, Brazil, Argentina, Rest of Latin America)
·         Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
To know more about the report, visit @ https://www.reportsanddata.com/report-detail/cryogenic-insulation-market
Further key findings of the report suggested that:
·         The cryogenic insulation market has been categorised into various tools and equipment such as tanks, pumps, valves etc. Essentially, it comes in three forms namely, foam, bulk-fill and multi-layer. Multi-layer form of insulation is further categorised into two namely, films and foils. Each type of cryogenic insulation comes under any one of the forms
·         Continuous developments in this field have too played a role in encouraging the consumers and driving them towards the market. The varied applicability of cryogenic insulation throughout several industries has also been identified as an important driving factor.
·         Due to an increase in LNG terminals, storage tanks and ships carrying LNG, a substantial amount of insulating materials are required. Also a rise in environmental regulations regarding carbon dioxide emission is seen to be propelling the market.
·         Rising demand for LNG as fuel and environmental awareness acts as one of the key factors driving the market.
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pmehtapooja · 3 years
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Refrigeration Insulation Materials Market, Global Industry Share, Growth, Overview and Analysis 2025
Refrigeration Insulation Materials Market Forecast
Global Refrigeration Insulation Materials Market is expected to exhibit a CAGR of around 5% during the forecast period and cross USD 5 Billion by 2027.
Refrigeration insulation materials are extremely important for efficient cooling operations. They reduce energy costs for operating chillers and refrigeration equipment as well as help in limiting heat gains in an industrial refrigeration system.
Regulatory Framework
A large number of regulatory norms have been imposed on the production of refrigeration insulation materials.
Refrigeration Insulation Materials Market Segmentation
By Type
Refrigeration insulation materials, by type, have been segmented into PU & PIR, elastomeric foam polystyrene, fiberglass, phenolic foams, and others.
The PU & PIR type segment is highly effective, lightweight, and can bond to most materials. Owing to such benefits, it emerged as the leading segment in 2019. PU & PIR have extremely low thermal conductivity and high strength to weight ratio. They provide a wide range of products, in combination with excellent manufacturing versatility. The high demand for PU & PIR foams can be attributed to their highest R-value and are mostly used in freezers, coolers, and commercial and household refrigeration systems.
Elastomeric foam insulation is fiber free, prevents condensation, and resists mold without a separate, fragile vapor retarder. It provides long-term durability and protection. The demand for elastomeric foam has increased sharply over the last two decades due to heightened awareness regarding indoor air quality (IAQ). These foams do not contain formaldehyde or fibers and have very low volatile organic compounds (VOCs), and therefore are widely used.
Lightweight polystyrene foam provides efficient thermal insulation in numerous applications, such as building walls and roofing, refrigerators and freezers, and industrial cold storage facilities. Polystyrene insulation is inert, durable, and resistant to water damage. Polystyrene foam is available in two types, namely, expanded and extruded. This foam is also used in packaging peanuts for shipping, food packaging, meat/poultry trays, and egg cartons.
Fiberglass is durable, safe, and offers high thermal insulation; it finds uses in the beverage industry, chemicals industry, cooling towers, food processing, manufacturing, pulp & paper, metals & mining, and automotive industries, among others.
 Phenolic foams are projected to witness significant growth during the assessment period, owing to better insulation capabilities and a higher R-value at a cheaper cost as compared to PU & PIR.
The others segment includes cellulose, mineral wool, and aerogel.
By Application
Refrigeration insulation materials, by application, have been segmented into commercial, industrial, cryogenic, and refrigerated transportation.
The commercial segment accounted for the largest market share in 2019. Growing demand for retail groceries, refrigerated vending machines, commercial refrigerators, and chillers has had a positive impact on the commercial segment. Freezing food helps extend shelf life and prevents deterioration of flavor, texture, color, and nutritional content, which drives the demand for commercial refrigeration systems.
In industrial applications, refrigeration systems are used in places like cold food storage, dairy processing, beverage production, ice rinks and heavy industry, and others. Other industrial applications for refrigeration systems include pharmaceuticals, chemicals, healthcare, data centers, etc.
Cryogenic refrigeration is a process of cooling equipment and components below -150⁰C using refrigerants such as helium, hydrogen, and nitrogen.
Refrigerated transportation for shipping freight requires special, temperature-controlled vehicles. Refrigerated transportation is used for shipping perishable food products such as meat and dairy as well as temperature-sensitive items such as medical products and pharmaceuticals.
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Refrigeration Insulation Materials Market, By End-Use Industry
Refrigeration insulation materials, by end-use industry, have been segmented into food & beverage, chemicals & petrochemicals, pharmaceutical, healthcare, and others.
The food & beverage industry dominated the global refrigeration insulation materials market in 2019, accounting for more than 40% of the market share. This is attributed to the rising food demand and concerns regarding food safety & security on the backdrop of the growing global population. A wide range of refrigeration equipment is used in food processing such as central built-up refrigeration plants, pumping systems, cold storage, spiral freezers, cooling tunnels, industrial ice makers, chilling systems, and others.
The use of refrigeration systems in distillation, crystallization, or condensation, among other processes in the chemicals & petrochemical industries is projected to fuel the demand for refrigeration insulation materials during the review period.
Refrigeration systems are used in the pharmaceutical industry for preserving drugs, vaccines, and serum, thus ensuring the best conditions for treatments and preventive activities in the medical field.
By Region
North America: The market in this region is primarily driven by the significant demand for dairy and meat products. The presence of large-scale food processing industries in the US, coupled with favorable eating habits of the consumers drives the regional market.
Europe: The presence of key players such as Armacell, K-flex, and Kingspan, along with the growing emphasis on energy conservation and use of low GWP materials, are influencing the growth of the refrigeration insulation materials market in the region.
Asia-Pacific: It is the fastest-growing regional market. The presence of growing economies such as Thailand, India, Malaysia, and others fuels market growth.
Latin America: Rising demand for ready-to-eat products, beverages, and frozen foods is increasing in Latin America, which is further propelling the demand for commercial refrigeration equipment.
Middle East & Africa: Economic development coupled with rising population promotes the demand for wide range of end-use products, which in turn, drive the demand for refrigeration insulation materials in the region.
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pagrawal11 · 3 years
Text
Cryogenic Insulation Market Trend , End-Use Industry, Pricing Analysis, Regulatory Framework, Key Players and Estimated Value
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Market Synopsis: According to the MRFR analysis, Cryogenic Insulation Market is expected to reach over USD 3.7 Billion by the end of 2025 at a CAGR of 7.2%.
Cryogenic insulation is used to reduce or eliminate the energy loss from the cold storage tanks and transfer lines. Cryogenic insulation effectively controls a system’s environment and helps in maintaining economic effectiveness. Cryogenic insulation are high-performance materials such as polyisocyanurate, polyurethane, expanded foams, fiberglass cellular glass, polystyrene, and aerogel. The growing demand for cryogenic equipment in the food & beverage and medical industries coupled with increasing demand for liquified natural gas (LNG) and various industrial gases is expected to drive the growth of the cryogenic insulation material market during the forecast period.
Global Cryogenic Insulation Market Trend is estimated to record a CAGR of 7.2% during the forecast period and is estimated to reach a value of USD 3.7 Billion by 2025.
By Material Type
PU/PIR:     The segment accounted for the largest share of the global market and is     projected to witness moderate growth during the forecast period. The high     demand for PU/PIR insulation is attributed to low thermal conductivity,     fire resistance, moisture resistance, and good workability. PU and PIR are     widely used for insulating cold storage buildings, pipelines, storage     tanks, and valves in various industries. Furthermore, the high vermin     resistance enables its use in the food & beverage and medical     industries.
Polystyrene:     The polystyrene segment is expected to witness moderate growth during the     forecast period. Polystyrene is mostly preferred for cryogenic insulation     applications in the areas of high moisture exposure.
Cellular     Glass: Cellular glass is widely used for insulating piping, fittings,     tanks, and equipment operating in the temperature ranges of -268°C to     480°C. It is widely preferred in the chemical industry and ground chilled     piping systems. The cellular glass segment is expected to witness healthy     growth driven by its superior properties, chemical resistance, and corrosion     resistance.
Others:     The others segment includes perlite, fiberglass, aerogel, and elastomer     foams. This segment is expected to witness fastest growth during the     forecast period owing to the high demand for aerogel for pipeline     insulation.
 By End-Use Industry
Energy     & Power: The segment dominated the global cryogenic insulation market     in 2018 and is expected to witness significant growth during the forecast     period. The growth is primarily attributed to the increasing demand for     liquefied natural gas (LNG) as a fuel, favored by government policies     encouraging a cleaner energy mix. The US and China accounted for over 60%     of the global LNG consumption.
Food     & Beverage: The segment is expected to witness healthy growth driven     by increasing demand for cold storage and frozen food transportation. The     long-term outlook of the food & beverage segment is expected to remain     positive backed by socio-economic trends such as economic growth,     urbanization, changing demographics, population growth, and increasing     disposable income.
Medical:     The medical segment is expected to witness moderate growth driven by     increasing healthcare spending. According to the World Health     Organization, in 2016, the global spending on health was USD 7.5     trillion and average per capita health expenditure was USD     1,000. The spending on healthcare in the low- and middle-income     countries is expected to be 6%, and 4% in     high-income countries during the forecast period.
Chemical:     Increasing investment to increase the production capacities of various     chemicals across the globe, particularly in Asian countries such as China     and India, is expected to augment the growth of the global cryogenic     insulation market.
Others:     The others segment is expected to witness moderate growth during the     forecast period.
 Regional Analysis
Asia-Pacific accounted for the largest     share of the global market. The regional market is expected to witness     robust growth during the forecast period driven by the increasing     investment in the energy & power and food & beverage industries.     Furthermore, rapid industrialization and increasing demand for LNG are     factors expected to drive the growth of the regional market. China, India,     Japan, and Indonesia are expected to contribute significantly toward the     growth of the market.
Europe is expected to be the     second-largest market for cryogenic insulation during the forecast period.     The growth of the market in the region is led by Germany, Russia, the UK,     and France.
North     America is     expected to witness significant growth primarily driven by increasing     demand for LNG in the US. Furthermore, the increasing spending on     healthcare in the US is expected to support regional market growth.
Latin     America: The     growth of the Latin American market is driven by the healthy growth of the     end-use industries in Brazil, Mexico, and Argentina.
Middle     East & Africa: The     growth of the market in the region is likely to be driven by the growth of     the energy & power sector.
 Key Players
KAEFER (Germany)
Cabot Corporation (US) – Nanogel
BASF SE (Germany)
Lydall, Inc (US)
Armacell Enterprise GmbH &     Co. KG (Germany) – Armaflex
Owens Corning (US) – FOAMGLAS
Aspen Aerogels (US) – Pyrogel,     Cryogel
Röchling (France) – Durolight
DUNMORE (US) – CRYO-SHIELD     Multilayer
NICHIAS Corporation (Japan) –     FOAMNERT Board-TN
Norplex Micarta (US) – NP500CR
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rishabhcmi · 4 years
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DRY ICE PRODUCTION EQUIPMENT MARKET ANALYSIS (2020-2027)
Dry ice is the solid form of carbon dioxide (CO2) that does not leave any residue and is used as a cooling agent. Dry ice is non-toxic and non-combustible as compared to other refrigerants.  Its main function is to convert low pressure liquid CO2 into dry ice and is used for preserving food, carbonated beverages, biological samples, in water treatment, and cold chain management. One of the largest uses of dry ice is blast cleaning. Dry ice production machine has application in hospitality, storage houses, medical, and other industries for preserving items. Manufacturers offer customized dry ice production machines for production of small or large quantities of dry ice. The machines are offered in compact or large sizes as per the end-use requirement.
Factors driving growth of dry ice production equipment market
Dry ice production equipment market is expected to witness a steady growth during the forecast period. This is due to rapidly increasing demand for frozen foods and growing use of dry ice as a refrigerant across the food and shipping industries. Dry ice production machine is used in various food processing facilities including bakeries to control the temperature, impede bacteria growth, and reduce spoilage. For instance, according to Environmental Protection Agency (EPA), the use of dry ice to control rat population assures quality of the product.  
Companies such as Cold Jet, use dry ice blasting for cleaning in the automobile sectors. It removes contaminant and biofilms without the use of water and chemicals. It is a faster and more effective process that does not produce any secondary waste, minimizes cleaning time & labor cost, and eliminates timely and costly task of waste collection and disposal. Dry ice production equipment market revenue is expected to increase over the forecast period due to increasing demand in automotive sector.
However, in remote areas, high quality dry ice is needed for many applications. Remote areas are those which are very far from the urban areas and are isolated and lack transportation links. Delivering dry ice to remote areas can be a challenge and results in a greater amount of dry ice waste and lower quality of dry ice. These factors could be a restraining factor for growth of the market.
Regional analysis of dry ice production equipment market
The dry ice production equipment market is expected to expand at a CAGR of 7.1% over the forecast period. On the basis of region, dry ice production equipment market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.  North America is expected to account for the largest market share over the forecast period, owing to increasing adoption and presence of key players in the region such as Cold Jet, Llc., and TOM CO2 Systems.
One of the major application of dry ice processing equipment is in airline catering industry to keep prepared meals fresh when transported from the airline catering kitchen to the airplane.
Key players in dry ice production equipment market
Key players operating in dry ice production equipment market include TOM CO2 Systems, Cold Jet, Llc., Ashirwad Carbonics Pvt Ltd., Asco Group Ltd, Alfred Karcher SE & CO. KG, Wuxi Yongjie Automation Equipment Co., Ltd., Otomotiv A.S., Aquila Triventek, ICS ice cleaning systems s.r.o, ICE sonic, Artimpex nv, Scilogex Llc, Kyodo international Inc., and Ziyang Sida Cryogenic Machine Co. Ltd among others.
Segmentation of dry ice production equipment market
Dry ice production equipment market is segmented on the basis of type, product type, application, and region.
On the basis of capacity, the market is segmented into:
On the basis of product type, the market is segmented into:
On the basis of application, the market is segmented into:
On the basis of region, the market is segmented into:
Less than 200kg/hr
200-400kg/hr
400-600kg/hr
More than 600kg/h
Dry Ice Production
Dry Ice Cleaning
Medical & Biotechnology
Food & Beverage
Automotive
Industrial Manufacturing
Others
North America
Europe
Asia Pacific
Latin America
Middle East
Africa
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digitalconvo · 4 years
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Cold Insulation Market Analysis on Top Key Vendors, Revenue Growth
Global Cold Insulation Market: Snapshot
Growing environmental awareness, changing climate conditions, increasing demand for cryogenic insulation materials, escalating need for refrigeration and air conditioning devices, prosperity of the construction industry, and growth of the oil and gas industry are some of the key factors driving the global cold insulation market. Cold insulation is one of the most convenient way of protecting the environment from harmful greenhouse gases.
In the near future, the oil and gas industry and the building and construction sector will primarily sustain the demand in the global cold insulation market. In the oil and gas industry, cold insulation is used for insulating storage tanks as well as to convert natural gas into liquid state.
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Based on material, the global cold insulation market can be segmented into phenolic foam, fiber glass, polystyrene foam, polyurethane foam, and others. Currently, polyurethane foam has the maximum demand, finding application in padded materials and mattresses as well as for refrigeration. Polyurethane form are versatile and offer several unique properties such as low thermal conductivity, lightness, good strength, high chemical resistance, and low water absorption.
This report on the global cold insulation market provides in-depth analysis of all the material, end-use, and geographical segments, and estimates their demand during the forecast period of 2017 to 2025. A number of leading companies operating in this market have also been profiled in the report in order to represent the competitive scenario, recent strategic developments, and the opportunities available for the entrance of new players. The report aspires to serve as a credible business document for the stakeholders connected to the value chain of the global cold insulation market.
Global Cold Insulation Market: Overview
Cold insulation involves low temperature application insulation methods. It is essentially a technology leveraged to lessen energy leakages from infrastructure to up energy efficiency. Cold insulation finds application in industries such as chemicals, refrigeration, oil and gas, and food and beverage. It is applied over processing lines such as tanks, pipes, valves, ducts, and fittings to bring down operational costs and improve process efficiency. The market for cold insulation can be segmented on the basis of the material into fiber glass, phenolic foam, polystyrene foam, and polyurethane foam. Of these, polyurethane foam holds maximum market share because of their versatility and unique properties such as lightness, low thermal conductivity, low water absorption, good strength, and high chemical resistance.
A report by TMR Research studies the global cold insulation market in details and offers key insights about it. For example, it furnishes a detailed qualitative analysis of factors driving and restraining the market and the promise it holds going forward. The report leverages popular analytical tools to gauge the competitive dynamics in the market. It lists leading players and examines their product offerings, market shares, and growth prospects.
Global Cold Insulation Market: Drivers and Trends
The increasing thrust on energy efficiency because of high energy costs is predicted to drive the global cold insulation market in the near future. Need to stem greenhouse gas emissions will also likely stoke the market along with policy support to enhance energy efficiency of public infrastructure. Besides, rising expenditure on research and development by savvy companies to develop insulation materials through sustainable raw material sources will also create opportunities for market participants in the near future.
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Further, rising fortunes of people leading to greater demand for air conditioning and refrigerating devices in developing economies is predicted to stoke demand for cold insulation materials. Rising demand for cryogenic equipment from oil and gas industry – the dominant end use industry – will possibly propel demand for cryogenic insulation materials. Additionally, food storage, LNG storage, chemicals storage, and some amount of cryogenic medical applications are also expected to generate demand in the near future.
Countering the growth in the market is the unstable prices of TDI, benzene, and MDI that are needed to produce polyurethane and polystyrene based insulation materials.
Global Cold Insulation Market: Regional Outlook
Geographically, Europe is a dominant region that holds maximum share in the global market for cold insulation because of stringent regulations framed by the authorities pertaining to sustainable materials and energy savings guidelines to bring down greenhouse gas emissions. Asia Pacific follows in the second position and is expected to outshine all other regions in terms of growth rate. Growth in the region will be primarily driven by high expenditure on construction in countries, namely India, China, and Japan and regulations in favor of improving energy efficiency of buildings. The market in China is also expected to be boosted by the emergence of domestic manufacturers. North America is another key market bolstered mainly by government efforts to up energy efficiency of public infrastructure. Presence of numerous thermal insulation companies in North America has also helped its growth.
Companies Mentioned in Report
To present a detailed assessment of the competition prevailing in the global cold insulation market, the report profiles important companies such as Evonik Industries, BASF SE, Dongsung Finetec Corporation, Bayer Material Science, the Dow Chemical Company, Fletcher Insulation Group, and Huntsman Corporation.
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edwardbailey286 · 4 years
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Cryogenic Labels Market 2020-2026 Market Share, Growth Trends and Forecast
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Global Cryogenic Labels Market: Overview
The demand within the global cryogenic labels market is set to increase at a stellar pace in the years to follow. The direct relationship between the use of cryogenic labels and quality enhancements in key industries has played an integral role in market expansion. The use of cryogenic labels is not restricted to a particular industry, and it spans into several areas pertaining to biological research, fuel testing, and production quality management. The industrial applications of cryogenic materials have also created humongous opportunities for growth within the global cryogenic labels market. Over the course of the next decade, several new companies could begin manufacturing cryogenic labels that can be used for temperature-dependent applications.
In this syndicate review, the total volume of revenues within the global cryogenic labels market is set to increase in the times to follow. It is important for market vendors capitalise on the needs of fuel suppliers and cryogenic processing units in order to earn fresh market revenues. Henceforth, the revenue index of the global cryogenic labels market is set to improve in the times to come by. The application of cryogenic labels in the domain of magnetic field resonance, nuclear magnetic resonance, and power transmission has also generated new opportunities for growth within the global market. It would be interesting to witness the growth direction of the cryogenic labels market over the coming years.
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Global Cryogenic Labels Market: Notable Developments
GA International is an important entity that has spearheaded innovation and advancements in the global cryogenic labels market. The use of cryogenic labels that are used for biopreservation have been developed by the company. Storage of liquid nitrogen is an important consideration across the research sector, and GA has made concerted efforts to this end by developing resilient labels.
Argos Technologies is also an important company operating in the global cryogenic labels market. The development of labels that can withstand freezing by Argos Technologies has helped the company in earning fresh revenues. Furthermore, Argos also manufactures labels that can be sued for cryogenic storage applications.
Key Players
Diversified Biotech, Inc.
Argos Technologies, Inc.
Cryoguard Corporation
Global Cryogenic Labels Market: Growth Drivers
Importance of Biological Testing
The healthcare and medical research industries have also emerged as core consumers of cryogenic labels in recent times. The need for maintaining accuracy and precision in medical experiments and biological tests has created humongous opportunities for market expansion. Furthermore, there has been an influx of revenues into this market, mainly due to an increase in the number of biological samples tested annually. The use of cryogenic labels to ensure that the cryogenic vials and flasks do not undergo depreciation and damage has generated sales across the market. Moreover, the need to prevent biological samples from mixing up due to human error has also created increased demand for cryogenic labels.
Investments in Cryogenic Technologies
The next decade is poised to witness an increase in investments made in the global cryogenic labels market. The wide-scale use of cryogenic fluids and liquefied gases across leading industries has recalibrated focus towards the global cryogenic labels market. Furthermore, the field of cryogenics has gained traction from key entities across the globe. Temperature-based applications come in handy in a range of industrial processes and experiments. The use of cryogenic labels to manage and store equipment and devices used for such experiments has given a thrust to market expansion. In light of these factors, it is safe to expect that the global cryogenic labels market would grow by leaps and bounds.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
Customer Experience Maps
Insights and Tools based on data-driven research
Actionable Results to meet all the business priorities
Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
North America
Asia Pacific
Europe
Latin America
The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
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Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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