| Product Code: ETC5697578 | Publication Date: Nov 2023 | Updated Date: Dec 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The import shipments of cryogenic tanks to Brunei in 2024 were primarily sourced from top exporting countries including China, Germany, Indonesia, Malaysia, and Austria. Despite a high Herfindahl-Hirschman Index indicating market concentration, the industry experienced a significant decline with a negative Compound Annual Growth Rate (CAGR) of -36.85% from 2020 to 2024. Furthermore, the growth rate plummeted by -81.3% from 2023 to 2024, reflecting a challenging market environment for cryogenic tank imports in Brunei.

The Cryogenic Tanks market in Brunei is driven by the need for safe and efficient storage solutions for cryogenic liquids. These tanks are used to store gases at extremely low temperatures, essential for industries such as healthcare, energy, and manufacturing. The market is expanding due to advancements in tank design and materials, which enhance storage capacity and safety. The growing demand for liquefied gases and technological innovations in cryogenic storage are key factors influencing market growth.
The Brunei cryogenic tanks market is driven by the growing demand for the storage and transportation of cryogenic liquids, such as liquefied natural gas (LNG) and liquid oxygen. The expansion of industries that rely on cryogenic liquids, including energy, healthcare, and aerospace, contributes to the market`s growth. Advances in tank design and materials, aimed at improving safety and efficiency, also influence market dynamics. The increasing focus on energy efficiency and the development of new applications for cryogenic technologies further drive the demand for cryogenic tanks.
The Brunei Cryogenic Tanks Market encounters challenges related to the high cost and complexity of cryogenic tanks. The market`s limited size and the lack of local manufacturing facilities mean that the country relies heavily on imports, which can lead to higher costs and potential supply chain disruptions. Additionally, there may be a lack of specialized knowledge and support services for cryogenic tanks, making it difficult for local users to maintain and operate these systems effectively.
Regulations governing the cryogenic tanks market in Brunei are designed to ensure the safe storage and transportation of cryogenic fluids. The government imposes strict safety standards and maintenance requirements to prevent accidents and ensure the integrity of storage tanks. Compliance with these regulations is essential for businesses involved in the cryogenic tanks market.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Brunei Cryogenic Tanks Market Overview |
3.1 Brunei Country Macro Economic Indicators |
3.2 Brunei Cryogenic Tanks Market Revenues & Volume, 2021 & 2031F |
3.3 Brunei Cryogenic Tanks Market - Industry Life Cycle |
3.4 Brunei Cryogenic Tanks Market - Porter's Five Forces |
3.5 Brunei Cryogenic Tanks Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 Brunei Cryogenic Tanks Market Revenues & Volume Share, By Cryogenic Liquid, 2021 & 2031F |
3.7 Brunei Cryogenic Tanks Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Brunei Cryogenic Tanks Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Brunei Cryogenic Tanks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for cryogenic tanks in industries such as healthcare, food processing, and electronics. |
4.2.2 Growing focus on LNG infrastructure development in Brunei. |
4.2.3 Technological advancements leading to the development of more efficient and cost-effective cryogenic tanks. |
4.3 Market Restraints |
4.3.1 High initial investment required for setting up cryogenic tank facilities. |
4.3.2 Challenges related to transportation and logistics for cryogenic tanks. |
4.3.3 Stringent regulations and safety standards associated with handling cryogenic materials. |
5 Brunei Cryogenic Tanks Market Trends |
6 Brunei Cryogenic Tanks Market Segmentations |
6.1 Brunei Cryogenic Tanks Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 Brunei Cryogenic Tanks Market Revenues & Volume, By Steel, 2021-2031F |
6.1.3 Brunei Cryogenic Tanks Market Revenues & Volume, By Nickel Alloy, 2021-2031F |
6.1.4 Brunei Cryogenic Tanks Market Revenues & Volume, By Aluminum Alloy, 2021-2031F |
6.2 Brunei Cryogenic Tanks Market, By Cryogenic Liquid |
6.2.1 Overview and Analysis |
6.2.2 Brunei Cryogenic Tanks Market Revenues & Volume, By Liquid Nitrogen, 2021-2031F |
6.2.3 Brunei Cryogenic Tanks Market Revenues & Volume, By Liquefied Natural Gas (LNG), 2021-2031F |
6.2.4 Brunei Cryogenic Tanks Market Revenues & Volume, By Liquid Hydrogen, 2021-2031F |
6.2.5 Brunei Cryogenic Tanks Market Revenues & Volume, By Liquid Oxygen, 2021-2031F |
6.3 Brunei Cryogenic Tanks Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Brunei Cryogenic Tanks Market Revenues & Volume, By Storage, 2021-2031F |
6.3.3 Brunei Cryogenic Tanks Market Revenues & Volume, By Transportation, 2021-2031F |
6.4 Brunei Cryogenic Tanks Market, By End Use Industry |
6.4.1 Overview and Analysis |
6.4.2 Brunei Cryogenic Tanks Market Revenues & Volume, By Metal Processing, 2021-2031F |
6.4.3 Brunei Cryogenic Tanks Market Revenues & Volume, By Energy Generation, 2021-2031F |
6.4.4 Brunei Cryogenic Tanks Market Revenues & Volume, By Electronics, 2021-2031F |
6.4.5 Brunei Cryogenic Tanks Market Revenues & Volume, By Medical Technology, 2021-2031F |
6.4.6 Brunei Cryogenic Tanks Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.4.7 Brunei Cryogenic Tanks Market Revenues & Volume, By Water Treatment, 2021-2031F |
7 Brunei Cryogenic Tanks Market Import-Export Trade Statistics |
7.1 Brunei Cryogenic Tanks Market Export to Major Countries |
7.2 Brunei Cryogenic Tanks Market Imports from Major Countries |
8 Brunei Cryogenic Tanks Market Key Performance Indicators |
8.1 Average utilization rate of cryogenic tanks in Brunei. |
8.2 Rate of adoption of new cryogenic tank technologies in the market. |
8.3 Number of new installations or expansions of cryogenic tank facilities in the country. |
9 Brunei Cryogenic Tanks Market - Opportunity Assessment |
9.1 Brunei Cryogenic Tanks Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 Brunei Cryogenic Tanks Market Opportunity Assessment, By Cryogenic Liquid, 2021 & 2031F |
9.3 Brunei Cryogenic Tanks Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Brunei Cryogenic Tanks Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Brunei Cryogenic Tanks Market - Competitive Landscape |
10.1 Brunei Cryogenic Tanks Market Revenue Share, By Companies, 2024 |
10.2 Brunei Cryogenic Tanks Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |