Cryogenic hoses are particular indispensable assembly or equipment used for the efficient and effective transfer of cryogenic liquids and liquid gases, such as liquid nitrogen, liquid helium, liquid oxygen, liquid argon liquefied petroleum gas (LPG), liquefied natural gas (LNG), ethylene, ammonia and carbon dioxide. Cryogenic technology is largely involved in the operation, production and maintenance of gases below -150 degree C. Cryogenic hoses possess exceptional properties, such as exceptional thermal resistance, resistance against chemicals, long operating and service life and ease in usage and they also reduce maintenance cost. Conventionally, major cryogenic hoses are manufactured from polymers wherein different layers of polymers are superimposed together to form a composite, which is used as the base material. Composites are generally lightweight in nature and provide better shear stress properties. Stainless steel is also adopted as a material of choice for the manufacturing of cryogenic hoses, owing to its exceptional mechanical and thermal properties. Stainless steel also provides resistance against acids and alkali, which help in increasing the life of cryogenic hoses.
Globally, the cryogenic hoses market has been witnessing enormous demand and progress over the past few years and the same trend will be observed in the upcoming years. The main reason behind the huge demand for cryogenic hoses is the adoption of the assembly in different applications. Massive development of petrochemical complexes, chemical industries, metallurgical activities, cold storage of foods and beverage and power industries in the last few years has surged the demand for cryogenic hoses. Furthermore, continuous R & D efforts in cryogenic technologies enable new product development of cost effective cryogenic hoses with increased efficacy. There has been a substantial increase in the adoption of nitrogen in food & beverage applications, which is driving the growth of cryogenic hoses in the global market. Nitrogen gas has been broadly used for preserving and freezing foods in the food processing industries. Conventional refrigerants, such as ammonia and fluorocarbons are being replaced by nitrogen cooled freezers since the former are expected to negatively affect the environment. Nitrogen-cooled freezers are also used to increase product quality and throughput. In the past few years, there has been a significant slowdown in the steel industry, which may dent adoption and growth opportunities of cryogenic hoses in the market.
The global Cryogenic Hoses market is valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025. The objectives of this study are to define, segment, and project the size of the Cryogenic Hoses market based on company, product type, end user and key regions.
This report studies the global market size of Cryogenic Hoses in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Cryogenic Hoses in these regions.
This research report categorizes the global Cryogenic Hoses market by top players/brands, region, type and end user. This report also studies the global Cryogenic Hoses market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
The following manufacturers are covered in this report, with sales, revenue, market share for each company:
Meiji Rubber & Chemical
Market size by Product
Market size by End User
Food & Beverage Industry
Market size by Region
Central & South America
Rest of Central & South America
Middle East & Africa
The study objectives of this report are:
To study and analyze the global Cryogenic Hoses market size (value & volume) by company, key regions, products and end user, breakdown data from 2014 to 2018, and forecast to 2025.
To understand the structure of Cryogenic Hoses market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Cryogenic Hoses companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.
To project the value and sales volume of Cryogenic Hoses submarkets, with respect to key regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Cryogenic Hoses are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Cryogenic Hoses market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.