United States Cryogenic Tank Market Trends, Latest news, Future outlook 2024-2031 - Exclusive Report by DatamIntelligence

"Cryogenic Tank Market is expected to grow at a high CAGR during the forecast period (2024-2031)." As per DataM intelligence research report

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United States: Recent Industry Developments

✅ In October 2025, Chart Industries launched next-generation cryogenic tanks for hydrogen and LNG storage, supported by a $25 million investment in R&D and advanced manufacturing facilities.

✅ In September 2025, Corken Inc. introduced high-capacity cryogenic storage tanks for industrial gases, backed by $20 million in investment for production expansion and technology upgrades.

✅ In August 2025, Linde North America expanded its cryogenic tank portfolio with modular designs for chemical, medical, and energy applications, supported by $15 million in R&D and manufacturing investment.

✅ In July 2025, Air Products & Chemicals launched innovative cryogenic tanks for renewable energy storage and industrial gas applications, backed by $12 million in investment for production scale-up and process optimization.

Japan: Recent Industry Developments

✅ In October 2025, Iwatani Corporation launched advanced cryogenic tanks for hydrogen and LNG storage, supported by ¥800 million in R&D and production investment.

✅ In September 2025, Mitsubishi Heavy Industries introduced high-capacity cryogenic storage tanks for industrial and mobility applications, backed by ¥600 million in technology and manufacturing investment.

✅ In August 2025, Showa Denko K.K. expanded its cryogenic tank portfolio for energy, chemical, and medical gas applications, supported by ¥500 million in R&D funding.

✅ In July 2025, Kawasaki Heavy Industries launched modular cryogenic tanks for hydrogen refueling stations and industrial storage, with ¥400 million invested in production and technology upgrades.

Cryogenic Tank Market: Drivers

The cryogenic tank market is witnessing strong growth driven by the increasing demand for safe and efficient storage of liquefied gases such as LNG, oxygen, nitrogen, and hydrogen. Cryogenic tanks are essential for maintaining extremely low temperatures, enabling the transport and storage of industrial, medical, and energy gases without loss of quality or safety. Growing adoption of LNG as a cleaner alternative to conventional fuels is accelerating market expansion. Stringent safety regulations and rising industrial applications in healthcare, energy, and chemical processing are further supporting demand. Additionally, expanding infrastructure for hydrogen storage and transportation is boosting the need for advanced cryogenic solutions.

Technological advancements in vacuum insulation, double-walled construction, and lightweight materials are enhancing the efficiency, durability, and portability of cryogenic tanks. Increasing investment in renewable energy, hydrogen fueling stations, and industrial gas supply networks is driving adoption. Companies are focusing on modular and customizable tank designs to meet diverse industry requirements. Rising emphasis on environmental sustainability and energy efficiency is encouraging innovation in cryogenic storage solutions. With continuous technological development and expanding industrial applications, the cryogenic tank market is poised for steady growth in the coming years.

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Cryogenic Tank Market: Major Players

Boeing, Cryofab, INOX India, Linde PLC, Air Products, Cryolor, Air Water, Wessington Cryogenics, FIBA Technologies, Hindustan Aeronautics Limited, among others.

Segment Covered in the Cryogenic Tank Market:

➥ By Type: Stationary Cryogenic Tank, Portable Cryogenic Tank

➥ By Material: Steel, Nickel Alloy, Aluminium Alloy, Composite, Others

➥ By Gas: LNG, Liquid Nitrogen, Liquid Oxygen, Liquid Argon, Liquid Hydrogen, Liquid Ethylene, LPG, Others

➥ By Application: Storage, Transportation

➥ By End-User: Aeronautics, Metal Processing, Energy Generation, Electronics, Medical Technology, Food & Beverage, Others

Research Process:

Both primary and secondary data sources have been used in the Cryogenic Tank Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Most Frequently Asked Questions in the Cryogenic Tank Market Research Industry:

➠ Who leads the Cryogenic Tank industry and what's their competitive positioning regarding capacity, performance, and profitability?
➠ What growth opportunities and market challenges do Cryogenic Tank market vendors face?
➠ Which segments show the highest growth potential and market share distribution?
➠ What factors are driving or limiting Cryogenic Tank market growth?
➠ What are the dominant sales and distribution strategies in the Cryogenic Tank industry?

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Regional Analysis:

⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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✅ Competitive Landscape
✅ Technology Roadmap Analysis
✅ Sustainability Impact Analysis
✅ KOL / Stakeholder Insights
✅ Consumer Behavior & Demand Analysis
✅ Import-Export Data Monitoring
✅ Live Market & Pricing Trends

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