Market Size of Cryogenic Valves Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Cryogenic Valves Market Analysis
The global cryogenic valves market is estimated to witness healthy growth, recording an estimated CAGR of over 4% during the forecast period 2022-2027.
While the market was negatively impacted by the COVID-19 pandemic, it is now estimated to have reached pre-pandemic levels.
The major factor driving the growth of the market studied is the increasing demand for industrial gases.
Safety concerns regarding the operation of liquefied gases are likely to hinder the growth of the market.
The growing demand from the chemicals industry is also expected to boost the market for cryogenic valves over the coming years.
The Asia-Pacific region is expected to dominate the market and witness the highest CAGR during the forecast period.
