Argentina Cryogenic Tanks Market Size & Outlook, 2019-2027
Argentina cryogenic tanks market, 2016-2027 (US$M)
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Argentina cryogenic tanks market highlights
- The Argentina cryogenic tanks market generated a revenue of USD 162.7 million in 2019 and is expected to reach USD 213.9 million by 2027.
- The Argentina market is expected to grow at a CAGR of 3.5% from 2020 to 2027.
- In terms of segment, liquefied nitrogen was the largest revenue generating cryogenic liquid in 2019.
- Liquefied Nitrogen is the most lucrative cryogenic liquid segment registering the fastest growth during the forecast period.
Cryogenic tanks market data book summary
| Market revenue in 2019 | USD 162.7 million |
| Market revenue in 2027 | USD 213.9 million |
| Growth rate | 3.5% (CAGR from 2019 to 2027) |
| Largest segment | Liquefied nitrogen |
| Fastest growing segment | Liquefied Nitrogen |
| Historical data | 2016 - 2018 |
| Base year | 2019 |
| Forecast period | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Liquefied Nitrogen, Liquid Natural Gas (LNG), Liquid Hydrogen, Liquid Oxygen |
| Key market players worldwide | Chart Industries Inc, INOX India Pvt Ltd, Linde PLC, Air Products & Chemicals Inc, Cryolor, Air Water Inc, Wessington Cryogenics, Cryofab, Super Cryogenic Systems, FIBA Technologies, Inc., Suretank Group, Eden Cryogenics |
Other key industry trends
- In terms of revenue, Argentina accounted for 2.9% of the global cryogenic tanks market in 2019.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Latin America, Brazil cryogenic tanks market is projected to lead the regional market in terms of revenue in 2027.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 264.0 million by 2027.
Liquefied nitrogen was the largest segment with a revenue share of 29.63% in 2019. Horizon Databook has segmented the Argentina cryogenic tanks market based on liquefied nitrogen, liquid natural gas (lng), liquid hydrogen, liquid oxygen covering the revenue growth of each sub-segment from 2016 to 2027.
Argentina has witnessed a growth in the production of agricultural products. In 2017, the food & beverages industry accounted for 26% of the manufacturing GDP. Cryogenic tanks are widely utilized in this industry for meat preservation, production of aerated drinks, and storage & transportation of various food products.
The healthcare industry is one of the major industries in the country and is anticipated to grow over the forecast period owing to the technological and economic development of Argentina. The demand for cryogenic tanks is high in the healthcare industry owing to their multiple applications in the hospital and pharmaceutical application. The cryogenic tanks market is projected to evolve on account of the expansion of the healthcare industry.
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Cryogenic Tanks Market Scope
Cryogenic Tanks Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina cryogenic tanks market size, by cryogenic liquid, 2016-2027 (US$M)
Argentina Cryogenic Tanks Market Outlook Share, 2019 & 2027 (US$M)
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