| Product Code: ETC4493962 | Publication Date: Jul 2023 | Updated Date: Oct 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
China cryogenic tanks import market continued to see significant growth in 2024, with top exporting countries including South Korea, USA, Japan, UK, and Indonesia. The market exhibited a high Herfindahl-Hirschman Index (HHI) concentration in 2024, indicating a competitive landscape. The compound annual growth rate (CAGR) from 2020 to 2024 stood at 1.42%, with a notable growth rate of 31.31% from 2023 to 2024. These trends suggest a strong demand for cryogenic tanks in China and opportunities for further market expansion in the coming years.

China`s Cryogenic Tanks Market is growing in response to increased demand for storing and transporting liquefied gases like LNG and oxygen. These tanks are essential for industries requiring the handling of cryogenic liquids at extremely low temperatures. The market is influenced by the expansion of infrastructure projects and the rise in industrial gas consumption. Technological advancements in tank design and safety features are also driving market developments.
The China cryogenic tanks market benefits from the rising demand for LNG as a cleaner energy source. The development of LNG infrastructure and increasing investments in gas processing facilities are major drivers. Additionally, the growth of industrial gases and the need for efficient storage solutions in sectors like healthcare, food processing, and chemicals are contributing to market expansion. Technological innovations in tank design and safety features also play a crucial role in driving market growth.
The China cryogenic tanks market encounters challenges related to safety and regulatory compliance. Cryogenic tanks must meet stringent safety standards to handle the extreme temperatures and pressures involved. Ensuring compliance with these regulations requires continuous investment in technology and safety measures. Additionally, the market faces issues with the high costs of tank production and maintenance, which can impact profitability.
Government policies in China encourage the development and use of cryogenic tanks through regulations that ensure safety and efficiency. The "Regulations on the Safety Management of Hazardous Chemicals" mandate stringent safety standards for the storage and handling of cryogenic liquids. Additionally, the government supports infrastructure development and technological advancements in the cryogenic tanks sector through financial incentives and technical standards.
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 China Cryogenic Tanks Market Overview |
3.1 China Country Macro Economic Indicators |
3.2 China Cryogenic Tanks Market Revenues & Volume, 2021 & 2031F |
3.3 China Cryogenic Tanks Market - Industry Life Cycle |
3.4 China Cryogenic Tanks Market - Porter's Five Forces |
3.5 China Cryogenic Tanks Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 China Cryogenic Tanks Market Revenues & Volume Share, By Cryogenic Liquid, 2021 & 2031F |
3.7 China Cryogenic Tanks Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 China Cryogenic Tanks Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 China Cryogenic Tanks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for liquefied natural gas (LNG) in China |
4.2.2 Growth in industrial gas consumption in various sectors |
4.2.3 Government initiatives promoting clean energy solutions |
4.2.4 Expansion of healthcare and pharmaceutical industries requiring cryogenic storage |
4.2.5 Technological advancements in cryogenic tank design and materials |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with cryogenic tanks |
4.3.2 Stringent regulatory requirements for handling and storage of cryogenic materials |
4.3.3 Limited awareness and understanding of cryogenic technology in some industries |
4.3.4 Challenges related to transportation and logistics of cryogenic tanks |
4.3.5 Potential safety concerns and risks associated with cryogenic storage and handling |
5 China Cryogenic Tanks Market Trends |
6 China Cryogenic Tanks Market, By Types |
6.1 China Cryogenic Tanks Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 China Cryogenic Tanks Market Revenues & Volume, By Raw Material, 2021-2031F |
6.1.3 China Cryogenic Tanks Market Revenues & Volume, By Steel, 2021-2031F |
6.1.4 China Cryogenic Tanks Market Revenues & Volume, By Nickel Alloy, 2021-2031F |
6.1.5 China Cryogenic Tanks Market Revenues & Volume, By Aluminum Alloy, 2021-2031F |
6.2 China Cryogenic Tanks Market, By Cryogenic Liquid |
6.2.1 Overview and Analysis |
6.2.2 China Cryogenic Tanks Market Revenues & Volume, By Liquid Nitrogen, 2021-2031F |
6.2.3 China Cryogenic Tanks Market Revenues & Volume, By Liquefied Natural Gas (LNG), 2021-2031F |
6.2.4 China Cryogenic Tanks Market Revenues & Volume, By Liquid Hydrogen, 2021-2031F |
6.2.5 China Cryogenic Tanks Market Revenues & Volume, By Liquid Oxygen, 2021-2031F |
6.3 China Cryogenic Tanks Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 China Cryogenic Tanks Market Revenues & Volume, By Storage, 2021-2031F |
6.3.3 China Cryogenic Tanks Market Revenues & Volume, By Transportation, 2021-2031F |
6.4 China Cryogenic Tanks Market, By End Use Industry |
6.4.1 Overview and Analysis |
6.4.2 China Cryogenic Tanks Market Revenues & Volume, By Metal Processing, 2021-2031F |
6.4.3 China Cryogenic Tanks Market Revenues & Volume, By Energy Generation, 2021-2031F |
6.4.4 China Cryogenic Tanks Market Revenues & Volume, By Electronics, 2021-2031F |
6.4.5 China Cryogenic Tanks Market Revenues & Volume, By Medical Technology, 2021-2031F |
6.4.6 China Cryogenic Tanks Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.4.7 China Cryogenic Tanks Market Revenues & Volume, By Water Treatment, 2021-2031F |
7 China Cryogenic Tanks Market Import-Export Trade Statistics |
7.1 China Cryogenic Tanks Market Export to Major Countries |
7.2 China Cryogenic Tanks Market Imports from Major Countries |
8 China Cryogenic Tanks Market Key Performance Indicators |
8.1 Number of new LNG projects in China |
8.2 Growth rate of industrial gas consumption in key sectors |
8.3 Adoption rate of clean energy solutions in industrial applications |
8.4 Number of healthcare and pharmaceutical projects utilizing cryogenic storage |
8.5 Rate of adoption of advanced cryogenic tank technologies |
9 China Cryogenic Tanks Market - Opportunity Assessment |
9.1 China Cryogenic Tanks Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 China Cryogenic Tanks Market Opportunity Assessment, By Cryogenic Liquid, 2021 & 2031F |
9.3 China Cryogenic Tanks Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 China Cryogenic Tanks Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 China Cryogenic Tanks Market - Competitive Landscape |
10.1 China Cryogenic Tanks Market Revenue Share, By Companies, 2024 |
10.2 China Cryogenic Tanks Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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