Skip to main content

Global cryogenic tank market projected to exceed US$2 billion by 2023

Published by
LNG Industry,

According to, the cryogenic tank market is projected to grow at a CAGR of 6.8% to reach US$2.015 billion by 2023, from US$1.358 billion in 2017.

Cryogenic tanks are used to store and transport liquefied gases such as liquid oxygen, LNG and liquid nitrogen. These gases are stored at extremely high pressures and low temperatures. High demand for these gases across different industries including pharmaceuticals, petrochemical and food and beverage is fuelling the demand for cryogenic tanks.

Geographically, rising demand for LNG in countries like China and India will bolster the growth of APAC Cryogenic Tank market during the forecast period.

Major industry players profiled as part of the report are Eden Cryogenics, The Linde Group, Gardner Cryogenics, Cryogenic Vessel Alternatives and Wessington Cryogenics, among others.

Read the article online at:

You might also like

Kabel Schlepp

WEBINAR - Key criteria to ensure proper selection of a cable drag chain

In this webinar KabelSchlepp will review and discuss the items needed to ensure that a cable track is properly selected and sized for the user’s application. How diameters and weights of the fill package effect cable track selection and how the jacket material of the fill package influences the cable track design. Register for free today »


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

LNG carrier news LNG bunkering news Natural gas news