The cryogenic liquid market is highly concentrated and Chinese companies have huge room for improvement.

Cryogenic liquids, also known as deep-frozen gases, refer to liquids with a boiling point below 120K (–150°C). Cryogenic liquids mainly include oxygen, nitrogen, argon, helium, hydrogen, etc. Due to their very low storage temperature, cryogenic liquids usually exist in liquid form. Cryogenic liquids have dangerous characteristics such as low boiling point, large expansion, strong oxidation,…