The global Cryogenic Hoses industry to grow at a CAGR of 5.28% during the period 2017-2021.
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The following companies as the key players in the global cryogenic hoses market: Acme Cryogenics, Chart Industries, Cryofab, and Linde.
Other Prominent Vendors in the market are: Dantec, Grainger, Meiji Rubber & Chemical, Pacific Hoseflex, Ratermann Manufacturing, Specma Wiro, and United Flexible.
Complete report on the Cryogenic Hoses Market Research Report spread across 73 pages, profiling 11 companies with table of content is now available at www.reportsnreports.com/contacts/d…aspx?name=1127638 .
Cryogenic Hoses Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts.
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The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is Enhancement of scope of cryogenics through technological advances. Cryogenic technology has improved at a fast pace in recent years.
Continuous research on cryogenic technology has led to technological advances. This has broadened the scope of cryogenics across all the major end-user industries such as medical, energy, industrial, and food processing.
Recently, technologies such as hydrofracturing have boosted the production of oil and gases to new levels. However, increasing environmental concerns have laid down concerns regarding this technological advancement.”
According to the report, one of the major drivers for this market is Increase in nitrogen application from food and beverage industry. Nitrogen has been widely used in the food processing industry for freezing and preserving foods.
Nitrogen-cooled freezers are being replaced by conventional refrigerants such as fluorocarbons and ammonia, which is expected to affect the environment. The food processing industry uses LN₂ freezers as a measure to increase throughput and product quality.
LN₂ has been used in various applications in the food and beverage industry for processes such as grinding, mixing, and coating applications. It is also used in mixing to cool the temperature of gravies and sauces and during grinding as a measure to remove frictional heat to enhance grinding consistency.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Further, the report states that one of the major factors hindering the growth of this market is Slowdown in steel industry. Cryogenic gases play an integral role in the metal processing sector.
Industrial gases such as argon, oxygen, and nitrogen are delivered to end-users in liquid form at cryogenic temperatures and are stored in tanks for further use. Therefore, the decline in the growth of steel industry is expected to propel the demand for cryogenic equipment and hoses.
This report covers the present scenario and the growth prospects of the global cryogenic hoses market for 2017-2021. To calculate the market size, the report considers the demand for cryogenic hoses from various end-user industries.
The average price of different types of cryogenic hoses has been taken into consideration for estimating the market revenue.
Cryogenic hoses are hoses made of multiple layers of polymers that provide excellent resistance at low temperatures for transferring liquid gases such as liquefied natural gas, liquefied petroleum gas, ammonia, ethylene, and carbon dioxide. Cryogenic technology is majorly involved in the production, maintenance, and application of low temperatures below 150?C.
There has been an increase in scope of cryogenic applications from cold storage to core processes in many end-user industries.
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this industry?
What are the challenges to market growth?
Who are the key vendors in this industry space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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