Cryogenic Capsules Market Overview

The increasing demand for cryogenic capsules is attributed to their crucial role in various industries, especially in biomedical, healthcare, pharmaceuticals, biotechnology, and food preservation. Cryogenic capsules are designed to store and transport materials at extremely low temperatures using cryogenic fluids like liquid nitrogen or liquid helium. They ensure the preservation and viability of valuable biological samples, tissues, cells, vaccines, and other perishable materials.

The cryogenic capsules market size was valued at USD 6.8 billion. The market is expected to witness steady growth over the forecast period, with the market material projected to reach USD 7.2 billion in 2023 and USD 11.4 billion by 2032. This represents a compound annual growth rate (CAGR) of 5.90% during the forecast period from 2023 to 2032.

the cryogenic capsules market has been experiencing notable growth, driven by advancements in the field of cryogenics and their wide range of applications in various industries. Cryogenic capsules are specialized containers designed to store and transport materials at extremely low temperatures, typically below -150 degrees Celsius (-238 degrees Fahrenheit), using cryogenic fluids like liquid nitrogen or liquid helium.

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Key Companies in the Cryogenic Capsules market

Key Companies in the Cryogenic Capsules market include

• Lab Depot
•  
• Globe Scientific
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• Heathrow Scientific
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• Sumitomo Bakelite
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• Starlab International GmbH
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• E and K Scientific Products
•  
• Caesa-Labs
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• Catalent
•  
• Cryolor
•  
• Thermo Fisher Scientific
•  
• Argos Technologies
•  
• Sigma-Aldrich Corporation
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• Capp ApS
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• Corning

Cryogenic Capsules Market Segmentation

Cryogenic Capsules Material Outlook

• Polypropylene
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• Polyethylene

Cryogenic Capsules Capacity Outlook

• 5ml to 1ml
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• 1ml to 2ml
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• 2ml to 5ml

Cryogenic Capsules Cap Closure Type Closure Outlook

• Inner Cap (Internal Thread)
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• Outer Cap (External Thread)

Cryogenic Capsules Regional Outlook

• North America
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• Europe
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• Asia-Pacific
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• Rest of the World

Cryogenic Capsules Industry Developments

In October 2021, Chemie-Tech was awarded an engineering, procurement, construction, and commissioning contract for the Cryogenic Double Wall Storage Tanks (DWST) and related facilities - Package 7 (Part-A) at HPCL Rajasthan Refinery Ltd in Rajasthan, India.

The project specifically entails the construction of an above-ground, vertical, flat-bottom double-wall storage tank. The outer tank will be constructed with a reinforced concrete (RCC) post-tension wall, and the inner tank will be made of 9% Ni steel. These materials are selected for their suitability to handle cryogenic temperatures and the storage of materials such as liquefied gases.

The project also includes the installation of various packages related to the cryogenic storage facility, including the BOG (Boil-Off Gas) Compressor, Ethylene Vaporisor, Propylene Heating system, Glycol Makeup system, and Cold-Blowdown system.

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