In recent years, the global cryogenic capsules market has witnessed significant growth due to the increasing adoption of cryogenic technologies in various industries. Cryogenic capsules, also known as cryocapsules, play a crucial role in preserving and transporting sensitive biological samples, pharmaceuticals, and other materials at extremely low temperatures. This article aims to provide an in-depth overview of the global cryogenic capsules market, exploring its growth drivers, key players, applications, and future prospects.
The global cryogenic capsules market has been experiencing remarkable growth in recent years, driven by the increasing adoption of cryogenic technologies across various industries. In 2022, the market size was valued at USD 6.8 billion, and it is projected to witness significant expansion in the coming years. The market material is expected to grow from USD 7.2 billion in 2023 to a substantial USD 11.4 billion by 2032, displaying a compound annual growth rate (CAGR) of 5.90% during the forecast period from 2023 to 2032.
Cryogenic capsules are specialized containers designed to store and transport materials at temperatures below -150°C (-238°F). These capsules are typically made from high-quality stainless steel and are equipped with vacuum insulation to minimize heat transfer. The use of cryogenic capsules ensures the safe preservation of delicate substances, such as cells, tissues, and biological samples, without compromising their integrity.
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Global Cryogenic Capsules Market segmentation
By Material
- Polypropylene
- Polyethylene
By Capacity
- 5ml to 1ml
- 1ml to 2ml
- 2ml to 5ml
By Cap Closure Type
- Inner Cap (Internal Thread)
- Outer Cap (External Thread)
By Region North America
- Europe
- Asia-Pacific
- Rest Of The World
Key Companies in the Cryogenic Capsules market include
- Lab Depot
- Globe Scientific
- Heathrow Scientific
- Sumitomo Bakelite
- Starlab International GmbH
- E and K Scientific Products
- Caesa-Labs
- Catalent
- Cryolor
- Thermo Fisher Scientific
- Argos Technologies
- Sigma-Aldrich Corporation
- Capp ApS
- Corning
Cryogenic Capsules Industry Developments
October 2021
In October 2021, a significant development took place in the cryogenic industry with regards to Cryogenic Double Wall Storage Tanks (DWST) and related facilities at HPCL Rajasthan Refinery Ltd in Rajasthan, India. Chemie-Tech, a leading engineering, procurement, and construction company, was awarded a comprehensive contract for engineering, procurement, construction, and commissioning of Package 7 (Part-A) of the project.
Cryogenic Capsules Market Outlook
This development also reflects the growing demand for advanced cryogenic solutions in various industrial sectors, including petrochemicals, energy, and healthcare. As the global demand for cryogenic storage and transportation increases, such advancements play a crucial role in meeting industry requirements and ensuring the safe handling of temperature-sensitive materials.
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