Cryogenic Tanks Market Revenue Expected to Reach $10.82 Billion by 2030

 


What Is the Current Size and Annual Growth Rate of the Cryogenic Tanks Market?
 The cryogenic tanks market size has grown strongly in recent years. It will grow from $7.64 billion in 2025 to $8.14 billion in 2026 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to industrial gas demand growth, expansion of healthcare infrastructure, LNG trade expansion, adoption of bulk gas storage, cryogenic technology advancements.
 
 The cryogenic tanks market size is expected to see strong growth in the next few years. It will grow to $10.82 billion in 2030 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to hydrogen fuel adoption, clean energy investments, growth in gas transportation, advanced material innovations, expansion of space and aerospace applications. Major trends in the forecast period include growth in lng storage infrastructure, rising demand for medical gases, expansion of hydrogen economy, adoption of advanced insulation technologies, increased use in cryogenic transportation.
 
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 Which Factors Are Contributing Most to the Expansion of the Cryogenic Tanks Market?
 The rising demand for the food service industry is expected to propel the growth of the cryogenic tank market going forward. The food service industry refers to a sector of the economy that involves the preparation, distribution, and sale of food and beverages to consumers outside their homes. Cryogenic tanks are used in the food and beverage industry for the storage and transportation of cryogenic liquids used in freezing and cooling applications. For instance, in April 2024, according to the National Association of Convenience Stores, a US-based trade association, reported that in 2023, foodservice sales, including prepared foods, commissary items, and dispensed beverages, accounted for 26.9% of in-store sales, up from 25.6% in 2022. Additionally, sales of prepared foods per store per month rose by 12.2% in 2023 compared to 2022. Therefore, the rising demand for the food service industry is expected to propel the growth of the cryogenic tank market.
 
 What Are the Major Segments Defining the Structure of the Cryogenic Tanks Market?
 The cryogenic tanks market covered in this report is segmented — 
 
 1) By Cryogenic Liquid: Liquefied Natural Gas (LNG), Liquid Nitrogen, Liquid Oxygen, Liquid Hydrogen, Other Cryogenic Liquids
 2) By Raw Material: Steel, Nickel Alloy, Aluminum Alloy, Other Raw Materials
 3) By Application: Storage, Transportation
 4) By End-User: Manufacturing, Healthcare, Food Industry, Other End-Users
 
 Subsegments:
 1) By Liquefied Natural Gas (LNG): LNG Storage Tanks, LNG Transport Tanks 
 2) By Liquid Nitrogen: Cryogenic Dewars, Bulk Storage Tanks 
 3) By Liquid Oxygen: Medical Oxygen Tanks, Industrial Oxygen Tanks 
 4) By Liquid Hydrogen: Cryogenic Hydrogen Tanks, Hydrogen Fuel Tanks 
 5) By Other Cryogenic Liquids: Liquid Helium, Liquid Argon, Liquid Ethylene, Liquid Carbon Dioxide
 
 What New Market Trends Are Emerging in the Cryogenic Tanks Market?
 Major companies operating in the cryogenic tank market are focused on developing innovative solutions such as cryogenic hydrogen tanks to boost energy storage, elevate safety standards, and cater to rising demand in sectors such as transportation and industry. A cryogenic hydrogen tank is a specialized storage container designed to store hydrogen gas at extremely low temperatures, typically below -253 degrees Celsius, for applications such as fuel cell vehicles and industrial processes. For instance, in June 2025, Airbus SE, a Netherlands-based aerospace corporation, revealed plans to establish a facility in the United Kingdom, specifically in Filton, Bristol, dedicated to the development of a new cryogenic hydrogen tank for its upcoming aircraft generation. The Zero Emission Development Centre (ZEDC) in Filton has commenced work on advancing the technology, with the primary objective of creating a cost-competitive cryogenic fuel system essential for Airbus’s ZEROe aircraft. 
 
 Who Are the Principal Market Leaders in the Cryogenic Tanks Market?
 Major companies operating in the cryogenic tanks market report include Linde Plc, Air Products And Chemicals Inc., Messer Group GmbH, Chart Industries Inc., Cryolor Asia Pacific Private Limited, INOX India Pvt. Ltd., UIG Holdings Inc., FIBA Technologies Inc., Taylor-Wharton International LLC, Air Water Inc., VRV Asia Pacific Private Limited, Acme Cryogenics Inc., Wessington Cryogenics, Auguste Cryogenics, Gardner Cryogenic Inc., Cryoquip Inc., Super Cryogenic Systems Pvt. Ltd., Technex Limited, Cryofab Inc., Cryomech Inc., Cryeng Group Pty Ltd., CryoVation LLC, Brymill Cryogenic Systems, Cryogas Equipment Private Limited, Herose GmbH, Isısan A.Ş., Cryostar SAS, Cryo Systems Manufacturing, Cryo Diffusion S.A., FNF Gas Technology Products Pvt. Ltd. 
 
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 Which Regions Are Expected to Record the Strongest CAGR in the Cryogenic Tanks Market?
 Asia-Pacific was the largest region in the cryogenic tanks market in 2025. North America is expected to be the fastest-growing region in the global cryogenic tanks market report during the forecast period. The regions covered in the cryogenic tanks market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
 
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