Cryogenic Valves Market Size & Trends

The global cryogenic valves market size was valued at USD 3.64 billion in 2024 and is expected to grow at a CAGR of 6.9% from 2025 to 2030.  

This growth is attributed to the rising usage of cleaner energy sources, such as liquefied natural gas (LNG), as an alternative to traditional fossil fuels.

 

 

Key Highlights

• Asia Pacific cryogenic valves dominated the global market and accounted for the largest revenue share at 46.5% in 2024.
• The cryogenic valves market in China dominated the Asia Pacific market and held the largest revenue share in 2024.
• By product type, ball valves dominated the market with the largest revenue share of 42.0% in 2024, primarily driven by LNG’s growing adoption as a cleaner alternative to traditional fossil fuels.
• By end use, the oil & gas end-use segment dominated the market with the largest revenue share of 42.8% in 2024.

As countries strive to reduce carbon emissions, the use of LNG in transportation, power generation, and industrial applications is expected to grow, thereby driving the need for reliable cryogenic infrastructure. In addition, innovations in biotechnology sectors and healthcare are likely to further contribute to the rising demand for these specialized valves, as cryogenic systems are crucial for storing and transporting medical gases and biological materials.

Cryogenic valves are engineered to precisely control the movement of gases and liquids at extremely low temperatures, making them essential in industries such as LNG, CNG, and chemicals. The global cryogenic valves market is set for notable growth, largely driven by a surge in oil and gas exploration that increases the need for advanced flow control in LNG and CNG operations.

Technological advancements include developing more efficient materials, such as high-performance alloys and composites, which improve durability and performance at extremely low temperatures. Innovations in sealing technologies, like improved elastomers and advanced metal-to-metal sealing, have significantly reduced leakage rates, increasing safety and reliability.

Incorporating smart valve technologies, including sensors and automation systems, allows for real-time monitoring and remote control, improving operational efficiency and maintenance predictability. These advancements are anticipated to improve the valves’ safety, performance, and cost-effectiveness, thereby fueling their adoption in various end-use industries.

Key players operating in the market are adopting several strategies to gain market share, including high investments in research and development to innovate and improve product performance. They are expanding their product portfolios to cater to diverse industry needs. Moreover, these players are forming strategic partnerships and collaborations to enhance their distribution networks and market reach.

Report Coverage & Deliverables

The PDF report and online dashboard will help you understand

• Competitive benchmarking
• Historical data & forecasts
• Company revenue shares
• Regional opportunities
• Latest trends & dynamics

Product Type

Ball valves dominated the market with the largest revenue share of 42.0% in 2024, primarily driven by LNG’s growing adoption as a cleaner alternative to traditional fossil fuels. As global energy markets shift toward more sustainable solutions, LNG’s role in reducing greenhouse gas emissions becomes critical. Moreover, advancements in cryogenic technologies and the expansion of LNG infrastructure, such as transportation and storage facilities, are further expected to drive the need for reliable and efficient cryogenic valves.

Check valves are expected to grow at the fastest CAGR of 7.4% over the forecast period, owing to the expanding liquefied natural gas (LNG) infrastructure, which requires reliable and efficient valves to handle and transport cryogenic fluids safely. In addition, technological advancements in materials and sealing technologies have enhanced the performance and durability of check valves under extreme conditions. Furthermore, increasing adoption of automation and smart valve technologies improves operational efficiency and safety.

End Use Insights

The oil & gas end-use segment dominated the market with the largest revenue share of 42.8% in 2024. This dominance is due to the rising global demand for natural gas, often transported and stored in its liquefied form, LNG, to improve logistics and reduce volume. The need for reliable cryogenic valves is expected to increase due to the growing infrastructure for LNG production, storage, and distribution, which can handle extremely low temperatures and ensure safe and efficient flow control. This is critical. Furthermore, the push for cleaner energy solutions leads to higher investments in LNG projects, thereby driving the demand for advanced cryogenic valves in the oil and gas sector.

Chemicals are expected to grow fastest CAGR of 7.4% over the forecast period. The demand for cryogenic valves in chemical applications is expected to increase due to the expansion of the chemical industry, which increasingly relies on cryogenic processes to produce, store, and transport various chemicals. These valves are essential for handling extremely low temperatures required to process gases such as oxygen, nitrogen, and hydrogen. As industries prioritize safety and efficiency, the adoption of cryogenic technologies is growing, driven by the need for precise temperature control and robust handling of volatile substances.

Regional Insights

Asia Pacific cryogenic valves dominated the global market and accounted for the largest revenue share at 46.5% in 2024. This growth is attributed to the region’s rapid industrialization and urbanization, which drive energy consumption and demand the expansion of liquefied natural gas (LNG) infrastructure for power generation and industrial applications. Countries like China and India invest heavily in LNG terminals and distribution networks to meet their growing energy demands while transitioning to cleaner fuels. Technological advancements, coupled with supportive government policies promoting LNG adoption and healthcare infrastructure development, are likely to further propel the demand for cryogenic valves in the Asia-Pacific region in the coming years.

 

China Cryogenic Valves Market Trends

The cryogenic valves market in China dominated the Asia Pacific market and held the largest revenue share in 2024. The market was driven by the increasing demand for liquefied natural gas (LNG) and industrial gases across various sectors such as energy, chemicals, and manufacturing. Key factors include the expansion of LNG import terminals and storage facilities, along with government initiatives promoting clean energy and infrastructure development.

North America Cryogenic Valves Market Trends

The North American cryogenic valves market is expected to grow at a CAGR of 6.8% over the forecast period, owing to the region’s robust energy. The North American healthcare and biotechnology industries heavily rely on cryogenic systems to store and transport medical gases and biological materials. The demand for advanced cryogenic valves in different industries in the region is expected to grow due to the need for cleaner energy solutions, government support, and more investments in cryogenic technology.

The cryogenic valves market in the U.S. led the North American market with the largest revenue share in 2024. The U.S. has become a leading LNG exporter, driven by abundant natural gas reserves and infrastructure investments, which are expected to create regional product opportunities. Also, ongoing industrial growth, especially in the aerospace and automotive industries, needs effective cryogenic solutions for different uses, which is increasing the overall demand for these valves.

Europe Cryogenic Valves Market Trends

The Europe cryogenic valves market is expected to grow significantly over the forecast period, driven by the region’s increasing focus on renewable energy sources and sustainable practices, which are driving investments in LNG infrastructure as a cleaner alternative to conventional fuels. This shift is bolstered by stringent environmental regulations aimed at reducing carbon emissions. In addition, the advancements in healthcare and pharmaceutical sectors across Europe require reliable cryogenic systems for storing and transporting medical gases and biological materials, which is further anticipated to boost the demand for specialized cryogenic valves in the region.

Key Cryogenic Valves Company Insights

Key players in the global cryogenic valves market focus on product innovation, expanding product portfolios, and investing in research and development. In addition, they also pursue strategic partnerships, acquisitions, and agreements to strengthen distribution networks, enhance market reach, and maintain a competitive edge globally.

• Velan Inc. produces industrial valves, including cryogenic valves, serving diverse industries such as oil and gas, power generation, and chemical processing. The company has established a strong global presence with manufacturing facilities and sales offices in key markets worldwide. Velan’s cryogenic valves offer various benefits, including advanced sealing technologies and the ability to operate effectively in extreme temperatures, meeting stringent performance requirements.
• Emerson Electric Co. provides innovative solutions for customers in industrial, commercial, and residential markets. The company operates through two main business segments, including automation solutions, which help industries optimize their production processes and ensure efficient operation, and commercial & residential solutions, which deliver products and services that improve comfort, improve energy efficiency, and ensure food quality and safety.

Key Cryogenic Valve Companies

The following are the leading companies in the cryogenic valves market.  These companies collectively hold the largest market share and dictate industry trends.

• Velan Inc.
• Emerson Electric Co.
• Herose GmbH
• Parker Hannifin Corporation
• Flowserve
• L&T
• BAC Valves
• Bray International, Inc.
• Habonim Valve Solutions
• Powell Valves

Recent Developments

• In February 2025, Demaco Netherlands BV unveiled a redesigned range of cryogenic valves, enhancing its manual on/off, pneumatic on/off, and control valves for broader application.
• In February 2025, Flowserve launched new Worcester Cryogenic floating ball valves, available in three-piece (CF44 series) and flanged (CF51/CF52 series) configurations. These cryogenic valves are for LNG, hydrogen, and industrial gas sectors.
• In September 2023, Flowserve Corporation announced a new product launch of the Worcester cryogenic series of reduced ports. These valves are designed for industrial, hydrogen, and liquefied natural gas applications. They meet global fire safety standards and tests, including hydrogen gas. Consequently, they support energy transition initiatives and hydrogen production while effectively containing fugitive emissions.
• In February 2023, Parker Hannifin released a comprehensive catalogue for its Bestobell cryogenic valves, which are used in ultra-low-temperature liquefied gas storage, transportation, and processing.

Cryogenic Valves Market Report Scope

Report Attribute	Details
Market size value in 2025	USD 3.87 billion
Revenue forecast in 2030	USD billion
Growth rate	CAGR of 6.9% from 2025 to 2030
Base year for estimation	2024
Historical data	2018-2023
Forecast period	2025-2030
Quantitative units	Revenue in USD million/billion, and CAGR from 2025 to 2030
Report coverage	Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered	Product type, end use, region
Regional scope	North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa.
Country scope	U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, China, India, Japan, South Korea, Brazil, and Argentina.
Key companies profiled	Velan Inc.; Emerson Electric Co.; Herose GmbH; Parker Hannifin Corporation; Flowserve; L&T; BAC Valves; Bray International, Inc.; Habonim Valve Solutions; Powell Valves.