Cryogenic Fuel Market Report: Trends, Forecast and Competitive Analysis to 2030

Cryogenic Fuel Trends and Forecast

The future of the global cryogenic fuel market looks promising with opportunities in the energy, manufacturing, aerospace, biomedical, and chemical markets. The global cryogenic fuel market is expected to reach an estimated $158.9 billion by 2030 with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are increasing demand for clean energy, signficant use of this fuel in space machinery, and rise of the hydrogen economy.

A more than 150-page report is developed to help in your business decisions.

Cryogenic Fuel by Segment

The study includes a forecast for the global cryogenic fuel by type, end use, and region.

Cryogenic Fuel Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Liquid Hydrogen
• Liquified Natural Gas (LNG)
• Liquid Helium
• Liquid Air
• Liquid Neon
• Liquid Nitrogen

Cryogenic Fuel Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Energy
• Manufacturing
• Aerospace
• Biomedical
• Chemical
• Others

Cryogenic Fuel Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Cryogenic Fuel Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies cryogenic fuel companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the cryogenic fuel companies profiled in this report include-

• SOL
• Air Products & Chemicals
• NARCO
• MAINE
• MESSER
• Air Water
• LINDE

Cryogenic Fuel Market Insights

Lucintel forecasts that liquid hydrogen will remain the largest segment due to its usage in a variety of applications, such as transportation, power generation, and industrial processes.

APAC is expected to witness highest growth over the forecast period due to rising investment in space exploration activities and existence of government support for renewable energy in the region.

Features of the Global Cryogenic Fuel Market

Market Size Estimates: Cryogenic fuel market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Cryogenic fuel market size by type, end use, and region in terms of value ($B).

Regional Analysis: Cryogenic fuel market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, end uses, and regions for the cryogenic fuel market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the cryogenic fuel market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the cryogenic fuel market size?

Answer: The global cryogenic fuel market is expected to reach an estimated $158.9 billion by 2030.

Q2. What is the growth forecast for cryogenic fuel market?

Answer: The global cryogenic fuel market is expected to grow with a CAGR of 5.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the cryogenic fuel market?

Answer: The major drivers for this market are increasing demand for clean energy, signficant use of this fuel in space machinery, and rise of the hydrogen economy.

Q4. What are the major segments for cryogenic fuel market?

Answer: The future of the cryogenic fuel market looks promising with opportunities in the energy, manufacturing, aerospace, biomedical, and chemical markets.

Q5. Who are the key cryogenic fuel market companies?

Answer: Some of the key cryogenic fuel companies are as follows:

• SOL
• Air Products & Chemicals
• NARCO
• MAINE
• MESSER
• Air Water
• LINDE

Q6. Which cryogenic fuel market segment will be the largest in future?

Answer: Lucintel forecasts that liquid hydrogen will remain the largest segment due to its usage in a variety of applications, such as transportation, power generation, and industrial processes.

Q7. In cryogenic fuel market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to rising investment in space exploration activities and existence of government support for renewable energy in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the cryogenic fuel market by type (liquid hydrogen, liquified natural gas (LNG), liquid helium, liquid air, liquid neon, and liquid nitrogen), end use (energy, manufacturing, aerospace, biomedical, chemical, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?