| Product Code: ETC4493978 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
Pakistan import trend for cryogenic tanks in 2023-2024 experienced a decline of -11.61%, with a Compound Annual Growth Rate (CAGR) of -36.38% from 2020-2024. This negative growth can be attributed to a decrease in demand for cryogenic tanks in the market, potentially influenced by changing trade policies or shifts in market dynamics.
The Pakistan cryogenic tanks market is evolving as the demand for cryogenic storage solutions increases across various industries, including healthcare, energy, and manufacturing. Cryogenic tanks are essential for storing gases at extremely low temperatures, such as liquid nitrogen, oxygen, and natural gas. The market is driven by the growing healthcare sector`s need for medical gases and the expanding energy sector`s requirement for LNG storage. With technological advancements and increased industrialization, the market is expected to see steady growth.
The Pakistan Cryogenic Tanks Market is driven by the increasing demand for liquefied natural gas (LNG) and industrial gases, which necessitate the storage and transportation solutions provided by cryogenic tanks. Additionally, advancements in healthcare, particularly in the use of medical gases, and growth in the food and beverage sector, where cryogenic preservation is critical, further boost the market.
The Pakistan Cryogenic Tanks market faces several challenges, primarily due to the country`s inadequate infrastructure and technological advancement. The lack of skilled labor and expertise in handling cryogenic equipment significantly hampers market growth. Additionally, high capital investment requirements and stringent safety regulations pose further obstacles for market players. Import dependency for high-quality cryogenic tanks also creates issues related to costs and supply chain reliability.
The government of Pakistan has introduced policies to support the development and expansion of the cryogenic tanks market. These policies include tax incentives for local manufacturers, investment in infrastructure to support the storage and transportation of cryogenic materials, and collaborations with international organizations to adopt best practices and advanced technologies. Additionally, regulatory frameworks have been established to ensure safety standards are met, promoting confidence in the use of cryogenic tanks in various industries such as healthcare and energy.
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 Pakistan Cryogenic Tanks Market Overview |
3.1 Pakistan Country Macro Economic Indicators |
3.2 Pakistan Cryogenic Tanks Market Revenues & Volume, 2021 & 2031F |
3.3 Pakistan Cryogenic Tanks Market - Industry Life Cycle |
3.4 Pakistan Cryogenic Tanks Market - Porter's Five Forces |
3.5 Pakistan Cryogenic Tanks Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 Pakistan Cryogenic Tanks Market Revenues & Volume Share, By Cryogenic Liquid, 2021 & 2031F |
3.7 Pakistan Cryogenic Tanks Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Pakistan Cryogenic Tanks Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Pakistan Cryogenic Tanks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for cryogenic tanks in various industries such as healthcare, food processing, and electronics. |
4.2.2 Growing investments in the energy sector, particularly in LNG infrastructure, driving the need for cryogenic tanks. |
4.2.3 Government initiatives to promote the use of clean energy sources like LNG, boosting the demand for cryogenic tanks. |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with setting up cryogenic tank infrastructure. |
4.3.2 Lack of skilled workforce for the operation and maintenance of cryogenic tanks. |
4.3.3 Regulatory hurdles and environmental concerns related to the handling and storage of cryogenic gases. |
5 Pakistan Cryogenic Tanks Market Trends |
6 Pakistan Cryogenic Tanks Market, By Types |
6.1 Pakistan Cryogenic Tanks Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 Pakistan Cryogenic Tanks Market Revenues & Volume, By Raw Material, 2021-2031F |
6.1.3 Pakistan Cryogenic Tanks Market Revenues & Volume, By Steel, 2021-2031F |
6.1.4 Pakistan Cryogenic Tanks Market Revenues & Volume, By Nickel Alloy, 2021-2031F |
6.1.5 Pakistan Cryogenic Tanks Market Revenues & Volume, By Aluminum Alloy, 2021-2031F |
6.2 Pakistan Cryogenic Tanks Market, By Cryogenic Liquid |
6.2.1 Overview and Analysis |
6.2.2 Pakistan Cryogenic Tanks Market Revenues & Volume, By Liquid Nitrogen, 2021-2031F |
6.2.3 Pakistan Cryogenic Tanks Market Revenues & Volume, By Liquefied Natural Gas (LNG), 2021-2031F |
6.2.4 Pakistan Cryogenic Tanks Market Revenues & Volume, By Liquid Hydrogen, 2021-2031F |
6.2.5 Pakistan Cryogenic Tanks Market Revenues & Volume, By Liquid Oxygen, 2021-2031F |
6.3 Pakistan Cryogenic Tanks Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Pakistan Cryogenic Tanks Market Revenues & Volume, By Storage, 2021-2031F |
6.3.3 Pakistan Cryogenic Tanks Market Revenues & Volume, By Transportation, 2021-2031F |
6.4 Pakistan Cryogenic Tanks Market, By End Use Industry |
6.4.1 Overview and Analysis |
6.4.2 Pakistan Cryogenic Tanks Market Revenues & Volume, By Metal Processing, 2021-2031F |
6.4.3 Pakistan Cryogenic Tanks Market Revenues & Volume, By Energy Generation, 2021-2031F |
6.4.4 Pakistan Cryogenic Tanks Market Revenues & Volume, By Electronics, 2021-2031F |
6.4.5 Pakistan Cryogenic Tanks Market Revenues & Volume, By Medical Technology, 2021-2031F |
6.4.6 Pakistan Cryogenic Tanks Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.4.7 Pakistan Cryogenic Tanks Market Revenues & Volume, By Water Treatment, 2021-2031F |
7 Pakistan Cryogenic Tanks Market Import-Export Trade Statistics |
7.1 Pakistan Cryogenic Tanks Market Export to Major Countries |
7.2 Pakistan Cryogenic Tanks Market Imports from Major Countries |
8 Pakistan Cryogenic Tanks Market Key Performance Indicators |
8.1 Average capacity utilization rate of cryogenic tanks in Pakistan. |
8.2 Number of new installations of cryogenic tanks in key industries. |
8.3 Rate of adoption of LNG as a fuel source in Pakistan. |
9 Pakistan Cryogenic Tanks Market - Opportunity Assessment |
9.1 Pakistan Cryogenic Tanks Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 Pakistan Cryogenic Tanks Market Opportunity Assessment, By Cryogenic Liquid, 2021 & 2031F |
9.3 Pakistan Cryogenic Tanks Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Pakistan Cryogenic Tanks Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Pakistan Cryogenic Tanks Market - Competitive Landscape |
10.1 Pakistan Cryogenic Tanks Market Revenue Share, By Companies, 2024 |
10.2 Pakistan Cryogenic Tanks Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |