The market for cryogenic grinders is expanding significantly as a result of the increased demand for precise and effective grinding procedures across numerous sectors. The process of cryogenic grinding includes cooling materials to extremely low temperatures using liquid nitrogen, which helps to lessen the temperature sensitivity of many materials and makes fine grinding possible. This technology has several uses in the plastics, pharmaceutical, and food processing sectors, among others.
The increased demand for high-quality goods with improved qualities is one of the main factors promoting cryogenic grinder usage. Cryogenic grinding ensures that volatile ingredients, such as flavours and aromas, are lost as little as possible during food processing, maintaining the product’s freshness and flavour. Similar to this, cryogenic grinding is used in the pharmaceutical business to achieve homogeneous particle size reduction, which enhances drug formulation and bioavailability.
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On the contrary, risks of cryogen leakage are anticipated to prove to be a major challenge for cryogenic equipment suppliers as prolonged exposure to cryogen may lead to frostbite and oxygen deficiency resulting in fatal damage to the lungs and other parts of the body.
The high CAPEX (Capital Expenditure) and OPEX (Operating Expenses) costs are predicted to obstruct the growth of the cryogenic equipment market across the forecast period. Maintenance costs of cryogenic systems are also very high and this could also potentially constrain market evolution over the coming years.
The market for cryogenic equipment in the Asia Pacific region is anticipated to be the most rewarding one in the world across the forecast period, which can be ascribed to the growing demand for gas-powered energy generation plants and the rising demand for clean energy.
Competitive Landscape
Prime companies in the cryogenic equipment market are launching new innovative solutions to enhance their market presence and boost their sales potential.
- In November 2021, Envirotainer, a global leader in secure cold chain solutions for pharmaceuticals announced the launch of the CryoSure platform. The new platform was the most sustainable, high-performance, and superior-duration solution available in the market at the time of its launch. The CryoSure platform enables -70°C intercontinental shipping.
Key Companies Profiled
- Chart Industries Inc.
- Standex International
- Air Liquide SA
- INOX India Ltd.
- Linde plc
- Nikkiso Co. Ltd.
- Galileo Technologies S.A.
- MAN Energy Solutions SE
- Wessington Cryogenics
- SAS Cryo Pur
- Ulvac Technologies Inc.
- Herose GmbH
- Braunschweiger Flammenfilter GmbH
- Lapesa Grupo Empresarial s.l
- Premier Cryogenics Ltd.
- Cryolor SA
Key Segments in Cryogenic Equipment Industry Research
- By Product :
- Tanks
- Valves
- Pumps & Vaporizers
- Vacuum Jacketed Piping
- Others
- By Cryogen :
- Nitrogen
- Oxygen
- Argon
- Liquefied Natural Gas (LNG)
- Others
- By Application :
- Distribution
- Storage
- By End-use Industry :
- Oil & Gas
- Metallurgy
- Automotive
- Food & Beverages
- Chemicals
- Other Industries
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