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Global cryogenic valve market - PowerPoint PPT Presentation

Cryogenic Valve Market Outlook 2023, Recent Trends and Demand Analysis

The report "Cryogenic Valve Market by Gas (LNG, Oxygen, Nitrogen), Type (Globe, Gate, Ball), End-User (Energy & Power, Food, Chemicals), Application (Tanks & Cold Boxes, Transfer Lines, Manifolds & Gas Trains), And Region - Global Forecast to 2023", The cryogenic valve market is expected to grow from an estimated USD 3.00 Billion in 2018 to USD 3.75 Billion by 2023, at a CAGR of 4.51%, from 2018 to 2023. This growth is primarily due to the rising production and trade of LNG to meet the LNG demand from various countries globally. High demand for industrial gases (nitrogen, oxygen, argon, helium, and others) from industries such as food & beverage, electronics, and chemicals is further expected to boost the cryogenic valve market.

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Global Cryogenic Valve Market

Global Cryogenic Valve Market was valued at US$ 2.50 Bn in 2017 and is expected to reach US$ 3.80 Bn by 2026, at a CAGR of 5.37 % during a forecast period.

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Global cryogenic valve market - PowerPoint PPT Presentation

Cryogenic Valve Market Outlook 2023, Recent Trends and Demand Analysis

Global Cryogenic Valve Market