Liquid Nitrogen Market Industry Analysis And Forecast (2016-2024)
Liquid Nitrogen Market was valued at 13.17 billion in 2016, exhibiting a CAGR of 5.5% during 2016-2024Liquid Nitrogen MarketLiquid Nitrogen Market1Liquid nitrogen is a cryogenic fluid which can cause fast freezing.
Liquid nitrogen is an odorless, colorless, non-flammable and non-corrosive in nature. Liquid nitrogen is also recognised as LN2, LIN, or LN. The atmosphere contains about 78% nitrogen by volume and 75.5% by weight.
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Liquid nitrogen is a major volume of inorganic chemical sold in the world, due to its various applications such as biological sample preservation, food freezing, deflashing and grinding of plastic & rubber, and other temperature-related applications. By end-user industry segment, Liquid Nitrogen Market can be categorized into chemicals & pharmaceuticals, automotive, food & beverages, healthcare, metal manufacturing & construction, rubber & plastic, and others (electronics and energy). Liquid nitrogen, due to its properties such as low temperature is employed as a cryogen in cryotherapies, cryosurgeries, and cryopreservation, which are primarily utilized for curing skin, skin cancers, removing skin tags and moles. Liquid nitrogen also demolishes decaying tissues and is likely to be utilized, wherever cooling is needed primarily.
North America is estimated to have the major Liquid Nitrogen Market share in Liquid Nitrogen Market during the forecast period. Asia-Pacific (APAC) is expected to grow at highest CAGR from 2016 to 2024. APAC region is projected to have high growth in the Liquid Nitrogen Market due to increasing developmental activities, and economic growth across countries such as China and India. With the collective income of people in this region, demand for quality products has been growing steadily. Suitability of food products, fizzy beverages, and electronics are few of the other applications, which finds growth in the region, resulting in higher demands of liquid nitrogen. Metal and chemicals industry in the APAC region are also rising rapidly to fulfill demand from construction and manufacturing sector which in turn is also expected to have a positive effect on the Liquid Nitrogen Market.
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Key players analyzed in the Liquid Nitrogen Market report:
• Air Products and Chemicals Inc.
• Messer Group
• The Linde Group
• Gulf Cryo
• Air Liquide
• Cryomech Inc.
• Taiyo Nippon Sanso Corporation
• Praxair Inc.
• AMCS Corporation
• Statebourne Cryogenics
• Asia Industrial Gases Pte. Ltd.
• Linde Ag
• Praxair Inc.
• Nexair LLC
• Emirates Industrial Gases Co. LLC.
• Southern Industrial Gas Berhad
The Scope of the Liquid Nitrogen Market Report:
Liquid Nitrogen Market, By End-Use Industry Type:
• Chemicals & pharmaceuticals
• Automotive
• Food & beverages
• Healthcare
• Metal manufacturing & construction
• Rubber & plastic
• Others (electronics and energy)
Liquid Nitrogen Market – By Storage, Distribution, and Transportation Type:
• Cylinder & packaged distribution
• Merchant liquid distribution
• Tonnage distribution
Liquid Nitrogen Market, By Function Type:
• Coolant
• Refrigerant
• Fuel
Liquid Nitrogen Market, By Manufacturing Process Type:
• Cryogenic distillation
• Pressure swing adsorption
Liquid Nitrogen Market, By Region:
• North-America
• Europe
• Latin America
• Middle East
• Asia Pacific
MAJOR TOC OF THE REPORT
Chapter One: Liquid Nitrogen Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Liquid Nitrogen Market Competition, by Players
Chapter Four: Global Liquid Nitrogen Market Size by Regions
Chapter Five: North America Liquid Nitrogen Revenue by Countries
Chapter Six: Europe Liquid Nitrogen Revenue by Countries
Chapter Seven: Asia-Pacific Liquid Nitrogen Revenue by Countries
Chapter Eight: South America Liquid Nitrogen Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Liquid Nitrogen by Countries
Chapter Ten: Global Liquid Nitrogen Market Segment by Type
Chapter Eleven: Global Liquid Nitrogen Market Segment by Application
Chapter Twelve: Global Liquid Nitrogen Market Size Forecast (2019-2026)
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