Economic recovery heralds growth for cryogenics delivery businesses; the liquid gas storage market and medical applications are also on the rise, says Taylor-Wharton.
President of Taylor-Wharton Cryogenics LLC Len York says that in general, the outlook for the cryogenic delivery equipment business is improving. “Major gas companies throughout the world continue to invest in capital equipment,” York says. “The world economies are getting stronger and demanding cryogenic products for industrial applications, electronics, healthcare, chemicals and energy.”
Industrial gas sales increased in 2010 over 2009, an upward trend Taylor-Wharton believes will continue. Asia, Middle East, Africa and South America have shown significant growth rates, with emerging economies increasing their demand for cryogenic products. As new air separation plants come on line the need for cryogenic delivery systems will grow. Another key driver is the aging population boosting demand in the healthcare business. Taylor-Wharton’s products – bulk tanks, liquid cylinders, micro bulk, and cryo-bio equipment have seen increased demand in all regions.
Mode change boosts cryogenic sector
In addition to overall economic growth, the continued shift toward the use of liquid as a mode change from gas cylinders to liquid cryogenic containers will be an added driver boosting the cryogenic side of the business, York explains.
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