Press release
Increasing Use Of Industrial Gases Is Driving The Growth Of Cryogenic Transportation Services Market: A Key Factor Shaping the Future of the Cryogenic Transportation Services Market in 2025
Cryogenic Transportation Services Market Size
In the past few years, there has been a robust growth in the size of the market for cryogenic transportation services. The anticipated rise is from $9.35 billion in 2024 to $10.01 billion in 2025, representing a compound annual growth rate (CAGR) of 7.1%. The significant growth experienced in the previous years is due to a surge in the demand for biopharmaceuticals, a boost in international trade, intensified government regulations, a rise in the usage of medical gases, and an uptick in industrial applications.
The market for cryogenic transportation services is anticipated to experience robust growth in the forthcoming years, with predictions of reaching $13 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.8%. This projected expansion during the forecast period can be linked to several factors such as the burgeoning life sciences and healthcare sectors, growth of the food and beverage industry, increased LNG export capacity, enlargement of the healthcare field, and heightened awareness about environmental concerns. Key trends predicted in the forecast period encompass improved safety measures, the incorporation of green energy, heightened logistical solutions, developments in cold storage tanks, and progress in transportation solutions.
What Factors Are Propelling the Expansion of the Cryogenic Transportation Services Market?
The cryogenic transportation services market is poised for growth, spurred by the rising usage of industrial gases. These gases, manufactured specifically for industrial applications, are integral across numerous sectors for augmenting manufacturing processes, maximizing efficiency, and fostering innovation. Cryogenic transportation services are instrumental in the safe and effective transportation of these gases at extremely low temperatures, maintaining their liquid state for bulk distribution. For example, as stated in a June 2024 report by the Department of Industry, Science, and Resources, an organization based in Australia, the country's manufacturing sector utilized 380 petajoules (PJ) of gas, which accounted for a 26% portion of the national total domestic gas supply. This marked an uptick from the previous year. Consequently, the escalating usage of industrial gases propels the growth of the cryogenic transportation services market.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18556&type=smp
Which Businesses Are at the Forefront of Cryogenic Transportation Services Market Development?
Major companies operating in the cryogenic transportation services market are United Parcel Service Inc., Linde plc, Kenan Advantage Group Inc., Marken Ltd., McCollister Transportation Group Inc, FIBA Technologies Inc., New England Cryogenic Center Inc., Autosped G Inc., GenOx Transportation Inc., Wessington Cryogenics Ltd., COREX Logistics Inc., Applied Cryo Technologies Inc., LGT Transport Inc., Hingham Moving & Storage Inc., US Cryo Carriers Inc., Pacific CA Systems Inc., Chart Ferox a.s., Krison Engineering Works Pvt. Ltd., Super Cryogenic Systems Private Limited, Herose Limited
What Are the Latest Innovations in the Cryogenic Transportation Services Market?
Leading corporations in the cryogenic transportation services sector are prioritizing the development of novel solutions like cryogenic multi-use dewars, to improve safety and efficiency in the delivery of cryogenic fluids. Cryogenic multi-use dewars are special containers created for the secure transportation and storage of cryogenic materials, especially liquid nitrogen, in very low temperature conditions. For example, CSafe, an American company offering comprehensive cold chain shipping options, introduced its CGT Cryo Series for cryogenic temperature control in April 2024. This state-of-the-art product offers an advanced cryogenic tech, exceptional cooling efficiency, and adjustable features. It combines a user-friendly interface, long-lasting design and energy-saving capabilities to enhance its usability. In addition, it incorporates safety procedures and possesses a wide range of applications making it perfect for the transportation of vital CGTs. The series comprises reusable dewars as well as sturdy shipping cases, designed to safely transport pre-frozen biological substances, regenerative medicine, immunotherapies, stem cells, and CAR-T cells.
How Is the Cryogenic Transportation Services Market Segmented?
The cryogenic transportation services market covered in this report is segmented -
1) By Type: Trailer Transportation, Truck Transportation
2) By Cryogen Type: Nitrogen, Oxygen, Natural Gas, Argon, Other Cryogen Types
3) By Application: Chemicals, Drugs, Biological Specimens, Industrial Gases, Other Applications
Subsegments:
1) By Trailer Transportation: Cryogenic Tanker Trailers, Cryogenic Liquid Gas Transport Trailers, Multi-Compartment Cryogenic Trailers, Insulated And Refrigerated Cryogenic Trailers
2) By Truck Transportation: Cryogenic Liquid Gas Trucks, Insulated Cryogenic Trucks, Cryogenic Delivery Trucks For Industrial Gases, Specialized Temperature-Controlled Cryogenic Trucks
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/cryogenic-transportation-services-global-market-report
Where Is the Cryogenic Transportation Services Market Growth Most Prominent?
North America was the largest region in the cryogenic transportation services market in 2023. The regions covered in the cryogenic transportation services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Cryogenic Transportation Services Global Market Report?
- Market Size Analysis: Analyze the Cryogenic Transportation Services Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cryogenic Transportation Services Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cryogenic Transportation Services Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cryogenic Transportation Services Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18556
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Increasing Use Of Industrial Gases Is Driving The Growth Of Cryogenic Transportation Services Market: A Key Factor Shaping the Future of the Cryogenic Transportation Services Market in 2025 here
News-ID: 3858651 • Views: …
More Releases from The Business Research Company
Trends in Growth, Segment Analysis, and Competitive Strategies Influencing the M …
The meal replacement market is gaining significant momentum as consumer preferences shift toward convenient and health-focused nutrition solutions. With rising awareness about preventive healthcare and personalized diets, this sector is set for considerable expansion. Let's explore how the market size is expected to evolve, who the key players are, emerging trends, and the main segments driving this growth.
Projected Growth Trajectory of the Meal Replacement Market Size
The meal replacement…
Leading Companies Reinforcing Their Presence in the Malted Barley Market
The malted barley industry is positioned for steady expansion as demand grows across various sectors. With increasing interest from craft brewers and functional food producers, this market is set to experience meaningful growth driven by innovation and sustainability efforts. Let's dive into the current market size, key players shaping the industry, trends influencing its trajectory, and detailed segment insights.
Projected Market Size and Growth Outlook of the Malted Barley Market …
Future Perspective: Key Trends Shaping the Low-calorie Food Market up to 2030
The low-calorie food market is poised for significant expansion as consumer preferences shift toward healthier eating habits and more personalized nutrition options. Advances in product innovation and supportive regulatory frameworks are expected to drive rapid growth over the coming years. Here's an overview of the market size, key players, emerging trends, and segmentation shaping this evolving industry.
Projected Expansion of the Low-calorie Food Market Size Through 2030
The low-calorie food…
Competitive Landscape: Leading Companies and New Entrants in the Liquid Nutritio …
The liquid nutritional supplement sector is on the rise, driven by evolving consumer preferences and innovations in health and wellness. With growing awareness about personalized nutrition and preventive healthcare, this market is set to witness substantial growth over the coming years. Let's explore the market's projected size, major players, emerging trends, and key segments shaping this dynamic industry.
Projected Market Value and Growth Trajectory of the Liquid Nutritional Supplement Market …
More Releases for Cryo
Ghexa Research Centre Accelerates Structural Biology and Drug Discovery with Hig …
BENGALURU, India - Ghexa Research Centre (GRC), a premier provider of analytical microscopy solutions, is now offering specialized Cryo-Electron Microscopy (Cryo-EM) characterization services. This capability provides pharmaceutical researchers and structural biologists with a direct pathway to visualize complex biological targets at near-atomic resolution, bypassing the limitations of traditional crystallography.
Overcoming the Crystallization Barrier
The pharmaceutical industry faces a critical challenge: many high-value drug targets, such as G-Protein Coupled Receptors (GPCRs) and membrane…
Cryo Electron Microscopy (Cryo-EM) Services Market Set to Witness Significant Gr …
Worldwide Market Reports has recently released a comprehensive research study titled "Cryo Electron Microscopy (Cryo-EM) Services Market Size and Forecast 2025-2032: Breakdown by Manufacturers, Key Regions, Types, and Applications." The report has been developed using a combination of primary and secondary research methodologies, ensuring a detailed and accurate analysis. Drawing insights from both historical data and future projections, the study highlights the expected growth of the Cryo Electron Microscopy (Cryo-EM)…
Whole Body Cryotherapy Market Analysis By Top Keyplayers - JUKA, MECOTEC, Cryome …
The "Whole Body Cryotherapy Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031. The market was valued at USD xx.x billion In 2023.
Growing Demand and Growth Potential in the Global Whole Body Cryotherapy Market, 2024-2031
Verified Market Research's most recent report, "Whole Body Cryotherapy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides…
Cryo Electron Microscopy (Cryo-EM) Services Market SWOT Analysis by Leading Key …
The Latest published market study on Global Cryo Electron Microscopy (Cryo-EM) Services Market provides an overview of the current market dynamics in the Cryo Electron Microscopy (Cryo-EM) Services space, as well as what our survey respondents- all outsourcing decision-makers- predict the market will look like in 2029. The study breaks the market by revenue and volume (wherever applicable) and price history to estimate the size and trend analysis and identify…
Localized Cryotherapy Machines Market | CRYO Science, CRYONiQ, Cryo Manufacturin …
The global localized cryotherapy machines market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the localized cryotherapy machines market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth…
Cord Blood Banking Services Market: Everything You Need to Know | Cryo-Cell, Can …
The ' Cord Blood Banking Services market' research report added by Report Ocean, is an in-depth analysis of the latest developments, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The research study provides market overview, Cord Blood Banking Services market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Cord Blood…
