Cryogenic Valves Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The market is segmented by Product Type (Ball Valve, Check Valve, Gate Valve, Globe Valve, and Other Product Types), Gas (Liquid Nitrogen, Liquid Helium, Hydrogen, Oxygen, and Other Gases), End-user Industry (Chemicals, Oil and Gas, Energy and Power, Food and Beverage, Medical, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Market Snapshot

cryogenic valve market report
Study Period: 2016 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >4 %
cryogenic valve market major players

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Market Overview

The global cryogenic valves market is estimated to witness a healthy growth, at an estimated CAGR of over 4%, over the forecast period. The major factor driving the growth of the market studied is increasing demand for industrial gases.

  • Safety concerns regarding operation of liquefied gases are likely to hinder the markets growth.
  • The growing demand from chemicals industry is also expected to boost the market for cryogenic valves in the coming years.
  • Asia-Pacific region is expected to dominate the market and is also likely to witness highest CAGR during the forecast period.

Scope of the report

 The global cryogenic valves market report includes:

Product Type
Ball Valve
Check Valve
Gate Valve
Globe Valve
Other Product Types
Liquid Nitrogen
Liquid Helium
Other Gases
End-user Industry
Oil and Gas
Energy and Power
Food and Beverage
Other End-user Industries
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Increasing Usage in the Oil and Gas Industry

  • In the oil & gas industry, the cryogenic temperature range starts at -238° F (-150° C). Also, some gases are considered as cryogenic gases as they take more than just an increase in pressure to compress their volume.
  • Cryogenic valves are used to store and transport these cryogenic gases safely and efficiently. They are designed for suitable integrity pressure protection and emergency shutdowns in temperatures as low as ‒196°C.
  • The recovery oil production activities are expected to boost the cryogenic valves market in the next few years.
  • The demand oil and gas have been on a general trend of increasing, this have resulted in an increase of drilling activities around the world in an effort to discover new fields. Almost all the easy oil being already discovered the wells now being drilled are deeper and more complex than before, also deep and ultra-deep-water drilling operations are also on the rise.
  • Owing to all these factors, the market for cryogenic valves is likely to grow across the world during the forecast period.
cryogenic valve market share

Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region dominated the global market share. With growing oil and gas industrial activities and the increasing demand from food and beverage, chemical industries in the countries, such as China, India, and Japan, the usage of cryogenic valves is increasing in the region.
  • The consumption of cryogenic valves is high in oil and gas, and the downstream production has increased in China. This is further increasing the production capacities of petrochemicals, thus augmenting the consumption of cryogenic valves in the country.
  • Chemicals production is another prominent end-user industry in China. Many major companies in the market have their chemical plants in China. These companies increased their production capacities to meet the increasing demand.
  • The oil & gas industry in India is growing robustly in the country with major players undertaking investments to cater burgeoning demand. The industry is expected to attract USD 25 billion investments in the production and exploration activities by 2022.
  • The aforementioned factors, coupled with government support in these countries, are contributing to the increasing demand for cryogenic valves consumption in the region during the forecast period.
cryogenic valve market size

Competitive Landscape

The cryogenic valves market is partially consolidated in nature. Some of the major players in the market include Bray International, Emerson Electric Co., Flowserve Corporation, L&T Valves Limited, and The Weir Group PLC, among others.

Recent Developments


Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand for Industrial Gases

      2. 4.1.2 Growing demand from Chemicals Industry

    2. 4.2 Restraints

      1. 4.2.1 Safety Concerns Regarding Operation of Liquefied Gases

      2. 4.2.2 Impact of COVID-19 Pandemic

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porters Five Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition


    1. 5.1 Product Type

      1. 5.1.1 Ball Valve

      2. 5.1.2 Check Valve

      3. 5.1.3 Gate Valve

      4. 5.1.4 Globe Valve

      5. 5.1.5 Other Product Types

    2. 5.2 Gas

      1. 5.2.1 Liquid Nitrogen

      2. 5.2.2 Liquid Helium

      3. 5.2.3 Hydrogen

      4. 5.2.4 Oxygen

      5. 5.2.5 Other Gases

    3. 5.3 End-user Industry

      1. 5.3.1 Chemicals

      2. 5.3.2 Oil and Gas

      3. 5.3.3 Energy and Power

      4. 5.3.4 Food and Beverage

      5. 5.3.5 Medical

      6. 5.3.6 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. ASEAN Countries

        6. Rest of Asia-Pacific

      2. 5.4.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.4.3 Europe

        1. Germany

        2. United Kingdom

        3. Italy

        4. France

        5. Spain

        6. Rest of Europe

      4. 5.4.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle-East and Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Bac Valves

      2. 6.4.2 Bray International

      3. 6.4.3 cryocomp

      4. 6.4.4 Emerson Electric Co.

      5. 6.4.5 Flowserve Corporation

      6. 6.4.6 Generant Inc.

      7. 6.4.7 Grupo Micromazza

      8. 6.4.8 Habonim

      9. 6.4.9 HEROSE International

      10. 6.4.10 L&T Valves Limited

      11. 6.4.11 Meca-Inox

      12. 6.4.12 Parker Hannifin Corporation

      13. 6.4.13 Powell Valves

      14. 6.4.14 SAMSON Controls Inc.

      15. 6.4.15 The Weir Group PLC

      16. 6.4.16 Velan Inc.

    5. *List Not Exhaustive

**Subject to Availability

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Frequently Asked Questions

The Cryogenic Valves Market market is studied from 2016 - 2026.

The Cryogenic Valves Market is growing at a CAGR of >4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Bray International, Emerson Electric Co., Flowserve Corporation, L&T Valves Limited, The Weir Group PLC are the major companies operating in Cryogenic Valves Market.

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