Cryogenic Technology Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026
Cryogenic technology is associated with the production and behaviour of materials at very low temperatures. Rise in production of LNG is anticipated to remain a key driver of the global cryogenic technology market. Unlike natural gas used by consumers, gas produced from oil wells, gas wells, or condensate wells holds a number of gas liquids, apart from methane, as a main constituent. Natural gas liquids (NGLs) include butane, ethane, and propane. Ethane and propane are the heaviest among these gases, and cryogenic processes are employed to separate them from the natural gas. Browse The Report: https://www.transparencymarketresearch.com/cryogenic-technology-market.html NGLs are utilized in refineries or petrochemical plants, primarily as fuels or feedstock. The methane gas that is obtained after the removal of NGLs is transported to the end-user, via a pipeline. Cryogenic technologies are utilized in basic research, high-tech and medical equipment, and in chemical industry. In...