Post on : 04 Aug 2017
Enewstrack.com The "Global Cryogenic Hoses Market analysis and Industry Forecast 2021" report has been added by Logic Research and Solutions.
“Global Cryogenic Hoses Market analysis and Industry Forecast 2021”
Global Cryogenic Hoses Market analysis and Industry Forecast 2021 Report includes present scenario, Key vendors, Market challenge, Key questions and Key Market Trends. Market analysts forecast the global cryogenic hoses market to grow at a CAGR of 5.28% during the period 2017-2021. Global Cryogenic Hoses Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts.
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 150C. There has been an increase in scope of cryogenic applications from cold storage to core processes in many end-user industries. End-user industries such as petrochemical and chemical hold a major share of revenue in the global cryogenic tanks market. The application of cryogenic equipment such as pumps, vaporizers, valves, and storage tanks in major end-user industries like petrochemical and chemical has a key role in maintaining the temperature and pressure of gases like liquefied natural gas (LNG), thereby preventing leakages in equipment. The increase in the application of cryogenic equipment is expected to propel the demand for cryogenic hoses.
The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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 market
What are the challenges to market growth
Who are the key vendors in this market space
What are the market opportunities and threats faced by the key vendors
What are the strengths and weaknesses of the key vendors