Market Overview:
The global cryogenic storage container market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cryogenic storage containers in the scientific research, biotechnology, and medical industries. In addition, the growing demand for nitrogen and oxygen containers is also contributing to the growth of this market. North America dominates the global cryogenic storage container market and is expected to continue its dominance during the forecast period.
Product Definition:
A cryogenic storage container is a device that is used to store materials at very low temperatures. These containers are typically made of stainless steel or aluminum and can hold liquid nitrogen, liquid helium, or argon. The use of cryogenic storage containers allows scientists and researchers to keep sensitive materials cold for long periods of time, which is important for many research applications.
Nitrogen Container:
Nitrogen is a colorless, odorless and tasteless gas. It is responsible for the ballooning in balloons and automobile tires. Nitrogen also has a significant role in cryogenic storage containers as it provides insulation property to these containers which enables them to store temperature-sensitive products such as liquid nitrogen at extremely low temperatures.
Cryogenic storage container market size was valued at USD 1,260 million in 2016.
Oxygen Container:
Oxygen container is used to store liquid nitrogen at a temperature of -200o C. It has the ability to store up to 24 bottles at a time and it’s size can be varied as per requirement. Oxygen container is made up of different materials such as steel, plastic, aluminum and other composite metals.
Application Insights:
The others application segment includes food, chemical, and petroleum. Cryogenic containers are widely used in the aforementioned applications on account of their safety features along with ease of handling and installation. The scientific research application segment held around 40% share of global market revenue in 2017 owing to increasing number of high-end technological developments such as space exploration and deep-sea mining over the recent years.
The medical application segment is expected to grow at a CAGR exceeding 10% from 2018 to 2030 due to rising demand for preservation purposes including stem cells & embryos during IVF procedures & cancer treatment therapies respectively. In addition, factors such as increasing prevalence of chronic diseases that require long-term storage are anticipated fuel industry growth over the forecast period.
Regional Analysis:
North America is expected to be the largest market for cryogenic storage containers over the forecast period owing to increasing demand from various end-use industries, such as aerospace & defense, electronics, automotive and others. The U.S., in particular, dominates the North American market due to high investments in R&D by companies operating within this region.
Asia Pacific is anticipated to witness significant growth over the coming years owing to rapid industrialization and technological advancements across several end-use markets including medical devices and pharmaceuticals that require long-term storage of chemicals at low temperature.
Growth Factors:
- Increasing demand for cryogenic storage containers in the biotechnology and pharmaceutical industries for the storage of vaccines, blood products, and other biological materials.
- The increasing use of cryogenic storage containers in academic research laboratories for the long-term storage of cells, tissues, and organs.
- The growing demand from hospitals and clinics for cryogenic storage containers to store blood products and other medical supplies.
- The increasing use of cryogenic storage containers by food processing companies to store frozen food items.
- The expanding application scope of cryogenic storage containers in the field of energy conservation
Scope Of The Report
Report Attributes
Report Details
Report Title
Cryogenic Storage Container Market Research Report
By Type
Nitrogen Container, Oxygen Container, Other
By Application
Scientific Research, Biotechnology, Medical, Others
By Companies
Corning, Thermo Fisher Scientific, VWR, Greiner Bio-One, Sumitomo Bakelite, Sarstedt, TPP Techno Plastic Products, Jet Bio-Filtration, sorfa Life Science, Wuxi NEST Biotechnology, Crystalgen, Merck, CELLTREAT Scientific, Himedia Laboratories
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Cryogenic Storage Container Market Report Segments:
The global Cryogenic Storage Container market is segmented on the basis of:
Types
Nitrogen Container, Oxygen Container, Other
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
Scientific Research, Biotechnology, Medical, 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:
- Corning
- Thermo Fisher Scientific
- VWR
- Greiner Bio-One
- Sumitomo Bakelite
- Sarstedt
- TPP Techno Plastic Products
- Jet Bio-Filtration
- sorfa Life Science
- Wuxi NEST Biotechnology
- Crystalgen
- Merck
- CELLTREAT Scientific
- Himedia Laboratories
Highlights of The Cryogenic Storage Container 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:
- Nitrogen Container
- Oxygen Container
- Other
- By Application:
- Scientific Research
- Biotechnology
- Medical
- 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 Storage Container 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- 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?
A cryogenic storage container is a type of container used to store items at very low temperatures. These containers are often used in laboratories to store samples that need to be preserved for long periods of time.
Some of the major players in the cryogenic storage container market are Corning, Thermo Fisher Scientific, VWR, Greiner Bio-One, Sumitomo Bakelite, Sarstedt, TPP Techno Plastic Products, Jet Bio-Filtration, sorfa Life Science, Wuxi NEST Biotechnology, Crystalgen, Merck, CELLTREAT Scientific, Himedia Laboratories.
The cryogenic storage container market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Cryogenic Storage Container 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 Storage Container Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Cryogenic Storage Container Market - Supply Chain
4.5. Global Cryogenic Storage Container Market Forecast
4.5.1. Cryogenic Storage Container Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Cryogenic Storage Container Market Size (000 Units) and Y-o-Y Growth
4.5.3. Cryogenic Storage Container Market Absolute $ Opportunity
5. Global Cryogenic Storage Container 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 Storage Container Market Size and Volume Forecast by Type
5.3.1. Nitrogen Container
5.3.2. Oxygen Container
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Cryogenic Storage Container 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 Storage Container Market Size and Volume Forecast by Application
6.3.1. Scientific Research
6.3.2. Biotechnology
6.3.3. Medical
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Cryogenic Storage Container 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 Storage Container 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 Storage Container 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 Storage Container 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 Storage Container Demand Share Forecast, 2019-2026
9. North America Cryogenic Storage Container 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 Storage Container 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 Storage Container Market Size and Volume Forecast by Application
9.4.1. Scientific Research
9.4.2. Biotechnology
9.4.3. Medical
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 Storage Container Market Size and Volume Forecast by Type
9.7.1. Nitrogen Container
9.7.2. Oxygen Container
9.7.3. Other
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 Storage Container Demand Share Forecast, 2019-2026
10. Latin America Cryogenic Storage Container 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 Storage Container 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 Storage Container Market Size and Volume Forecast by Application
10.4.1. Scientific Research
10.4.2. Biotechnology
10.4.3. Medical
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 Storage Container Market Size and Volume Forecast by Type
10.7.1. Nitrogen Container
10.7.2. Oxygen Container
10.7.3. Other
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 Storage Container Demand Share Forecast, 2019-2026
11. Europe Cryogenic Storage Container 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 Storage Container 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 Storage Container Market Size and Volume Forecast by Application
11.4.1. Scientific Research
11.4.2. Biotechnology
11.4.3. Medical
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 Storage Container Market Size and Volume Forecast by Type
11.7.1. Nitrogen Container
11.7.2. Oxygen Container
11.7.3. Other
11.8. Basis Point Shar (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 Storage Container Demand Share, 2019-2026
12. Asia Pacific Cryogenic Storage Container 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 Storage Container 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 Storage Container Market Size and Volume Forecast by Application
12.4.1. Scientific Research
12.4.2. Biotechnology
12.4.3. Medical
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 Storage Container Market Size and Volume Forecast by Type
12.7.1. Nitrogen Container
12.7.2. Oxygen Container
12.7.3. Other
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 Storage Container Demand Share, 2019-2026
13. Middle East & Africa Cryogenic Storage Container 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 Storage Container 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 Storage Container Market Size and Volume Forecast by Application
13.4.1. Scientific Research
13.4.2. Biotechnology
13.4.3. Medical
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 Storage Container Market Size and Volume Forecast by Type
13.7.1. Nitrogen Container
13.7.2. Oxygen Container
13.7.3. Other
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 Storage Container Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Cryogenic Storage Container Market: Market Share Analysis
14.2. Cryogenic Storage Container Distributors and Customers
14.3. Cryogenic Storage Container Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Corning
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Thermo Fisher Scientific
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. VWR
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Greiner Bio-One
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sumitomo Bakelite
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sarstedt
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. TPP Techno Plastic Products
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Jet Bio-Filtration
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. sorfa Life Science
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Wuxi NEST Biotechnology
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Crystalgen
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Merck
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. CELLTREAT Scientific
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Himedia Laboratories
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
