The global cryogenic fuels market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The market is driven by the increasing demand for energy and fuel in developing economies such as China and India. The increasing demand for electric vehicles (EVs) in developed economies such as Europe and North America is also driving the growth of this market. The liquid hydrogen segment accounted for the largest share of the global cryogenic fuels market in 2018, followed by LNG, LPG, electricity generation, domestic fuel and automotive applications. Liquid hydrogen accounted for a major share due to its high energy density which makes it suitable for use in space exploration missions or long-distance flights where weight is an important factor.
Some Of The Growth Factors Of This Market:
- The global demand for energy is expected to increase by more than 50% by 2035, and the demand for liquid fuels is expected to grow at a faster rate than other sources of energy.
- The world's population is growing and becoming more affluent, which will lead to an increased demand for transportation fuels.
- The use of renewable energy sources such as solar and wind power has been increasing in recent years, but these sources are intermittent and cannot be relied on as a primary source of fuel for transportation or electricity generation.
- There are concerns about the availability of fossil fuels such as oil, coal, natural gas, and uranium due to their limited supply and environmental impacts from extraction processes such as fracking or deep-sea drilling.
- Countries with large reserves of fossil fuels have been reluctant to export them because they want to keep them available domestically.
Industry Growth Insights published a new data on “Cryogenic Fuels Market”. The research report is titled “Cryogenic Fuels Market research by Types (Liquid Hydrogen, LNG, LPG, Others), By Applications (Automotive, Electricity Generation, Domestic Fuel, Others), By Players/Companies Air Liquide, Air Products and Chemicals, AIR WATER, Messer Group, Praxair Technology, Advanced Gas Technologies, Asia Technical Gas, Gulf Cryo, Maine Oxy, Matheson Tri-Gas, Norco, SOL Group, TAIYO NIPPON SANSO (Mitsubishi Chemical Holdings Group)”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cryogenic Fuels Market Research Report
By Type
Liquid Hydrogen, LNG, LPG, Others
By Application
Automotive, Electricity Generation, Domestic Fuel, Others
By Companies
Air Liquide, Air Products and Chemicals, AIR WATER, Messer Group, Praxair Technology, Advanced Gas Technologies, Asia Technical Gas, Gulf Cryo, Maine Oxy, Matheson Tri-Gas, Norco, SOL Group, TAIYO NIPPON SANSO (Mitsubishi Chemical Holdings Group)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Cryogenic Fuels Market Report Segments:
The global Cryogenic Fuels market is segmented on the basis of:
Types
Liquid Hydrogen, LNG, LPG, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Electricity Generation, Domestic Fuel, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Air Liquide
- Air Products and Chemicals
- AIR WATER
- Messer Group
- Praxair Technology
- Advanced Gas Technologies
- Asia Technical Gas
- Gulf Cryo
- Maine Oxy
- Matheson Tri-Gas
- Norco
- SOL Group
- TAIYO NIPPON SANSO (Mitsubishi Chemical Holdings Group)
Highlights of The Cryogenic Fuels Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Liquid Hydrogen
- LNG
- LPG
- Others
- By Application:
- Automotive
- Electricity Generation
- Domestic Fuel
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cryogenic Fuels Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cryogenic fuels are fuels that are stored at very low temperatures (-196 degrees Fahrenheit or -320 degrees Celsius). This is in contrast to traditional fuels, which are stored at higher temperatures. The cryogenic fuel can be used in spacecraft and other devices that require a very low temperature for operation.
Some of the major companies in the cryogenic fuels market are Air Liquide, Air Products and Chemicals, AIR WATER, Messer Group, Praxair Technology, Advanced Gas Technologies, Asia Technical Gas, Gulf Cryo, Maine Oxy, Matheson Tri-Gas, Norco, SOL Group, TAIYO NIPPON SANSO (Mitsubishi Chemical Holdings Group).
The cryogenic fuels market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Cryogenic Fuels Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Cryogenic Fuels Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Cryogenic Fuels Market - Supply Chain
4.5. Global Cryogenic Fuels Market Forecast
4.5.1. Cryogenic Fuels Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Cryogenic Fuels Market Size (000 Units) and Y-o-Y Growth
4.5.3. Cryogenic Fuels Market Absolute $ Opportunity
5. Global Cryogenic Fuels Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Cryogenic Fuels Market Size and Volume Forecast by Type
5.3.1. Liquid Hydrogen
5.3.2. LNG
5.3.3. LPG
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Cryogenic Fuels Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Cryogenic Fuels Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Electricity Generation
6.3.3. Domestic Fuel
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Cryogenic Fuels Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Cryogenic Fuels Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Cryogenic Fuels Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Cryogenic Fuels Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Cryogenic Fuels Demand Share Forecast, 2019-2029
9. North America Cryogenic Fuels Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Cryogenic Fuels Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Cryogenic Fuels Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Electricity Generation
9.4.3. Domestic Fuel
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Cryogenic Fuels Market Size and Volume Forecast by Type
9.7.1. Liquid Hydrogen
9.7.2. LNG
9.7.3. LPG
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Cryogenic Fuels Demand Share Forecast, 2019-2029
10. Latin America Cryogenic Fuels Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Cryogenic Fuels Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Cryogenic Fuels Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Electricity Generation
10.4.3. Domestic Fuel
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Cryogenic Fuels Market Size and Volume Forecast by Type
10.7.1. Liquid Hydrogen
10.7.2. LNG
10.7.3. LPG
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Cryogenic Fuels Demand Share Forecast, 2019-2029
11. Europe Cryogenic Fuels Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Cryogenic Fuels Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Cryogenic Fuels Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Electricity Generation
11.4.3. Domestic Fuel
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Cryogenic Fuels Market Size and Volume Forecast by Type
11.7.1. Liquid Hydrogen
11.7.2. LNG
11.7.3. LPG
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Cryogenic Fuels Demand Share, 2019-2029
12. Asia Pacific Cryogenic Fuels Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Cryogenic Fuels Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Cryogenic Fuels Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Electricity Generation
12.4.3. Domestic Fuel
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Cryogenic Fuels Market Size and Volume Forecast by Type
12.7.1. Liquid Hydrogen
12.7.2. LNG
12.7.3. LPG
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Cryogenic Fuels Demand Share, 2019-2029
13. Middle East & Africa Cryogenic Fuels Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Cryogenic Fuels Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Cryogenic Fuels Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Electricity Generation
13.4.3. Domestic Fuel
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Cryogenic Fuels Market Size and Volume Forecast by Type
13.7.1. Liquid Hydrogen
13.7.2. LNG
13.7.3. LPG
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Cryogenic Fuels Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Cryogenic Fuels Market: Market Share Analysis
14.2. Cryogenic Fuels Distributors and Customers
14.3. Cryogenic Fuels Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Air Liquide
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Air Products and Chemicals
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. AIR WATER
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Messer Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Praxair Technology
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Advanced Gas Technologies
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Asia Technical Gas
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Gulf Cryo
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Maine Oxy
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Matheson Tri-Gas
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Norco
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. SOL Group
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. TAIYO NIPPON SANSO (Mitsubishi Chemical Holdings Group)
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook