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In 2021, the cryogenic pump market size stood at USD 1,407.6 million, which is projected to witness a 3.1% CAGR during 2021–2030, reaching USD 1,860.1 million by 2030 .  P&S Intelligence majorly credits this growth to the increasing installation of such pumps in the metallurgy, chemicals, and electronics sector. Along with, the surge in expenditure throughout the energy generation industry armed with the shift toward energy production from renewable and natural gas resources to reduce carbon emission. The nitrogen category is all set to experience the fastest growth rate of pproximately 3%, in the near future. This can be owed to the extensive utilization of nitrogen gas for the maintenance of plants, and start-up and shutdown provisions of refineries and petrochemical companies. Thus, the increasing utilization of nitrogen gas in numerous industries, including metallurgy, healthcare, and oil and gas, is escalating the acceptance of cryogenic pumps for capturing the gas and its...

The triazine market will grow at a compound annual growth rate of 5.6% by the end of this decade, to reach a value of USD 814.55 million . The development of the triazine sector is powered by the rapid development in the oil and gas sector and healthcare industries. The growing necessity for 1,3,5-triazine-based derivatives for scavenging procedures in the oil & gas sector in addition to their increasing consumption for manufacture of pesticides, is propelling the growth of the industry. MEA was the most consumed in the past all over the globe, and it will continue to grow in the years to come. It is extensively used in the oil & gas sector as a H2S mercaptan and scavenger in hydrogen streams.  With the development of the oil & gas industry, reflected in the increase in examination & construction activities, the category will further grow. Moreover, the increasing requirement for effective rust guard in the pipelines and tanks of storage, apart from plummeting the r...