Global Liquid Nitrogen Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global liquid nitrogen market in its upcoming report titled, “Global Liquid Nitrogen Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global liquid nitrogen market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global liquid nitrogen market report has been segmented on the basis of manufacturing process, function, storage, end-use industry, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Liquid nitrogen is a diatomic liquid, has the diatomic character of the covalent N bonding in N2 gas which retained after liquefaction. Liquid nitrogen is a compact and colorless clear liquid, and can be easily transported due to non-requirement of pressurization. It is a cryogenic fluid that can cause rapid freezing on contact with living tissue. It is widely used as a coolant, food freezing and preservation, and others.
Increasing demand of liquid nitrogen from chemical and pharmaceutical industry is a major factor expected to drive growth of the global liquid nitrogen market over the forecast period. In addition, growing adoption of the product from food and beverage industry, is another factor expected to propel growth of the target market in the long run. Moreover, rising demand from the electronics sector for manufacturing of flat panel display, light emitting diode, and semiconductors, is also anticipated to bolster growth of the target market over the forecast period.
However, high production and transportation cost is a major factor may hamper the demand of the liquid nitrogen and restrain growth of the market during the forecast period. In addition, liquid nitrogen handling is a major challenge faced by the global liquid nitrogen market over the forecast period.
The liquid nitrogen market in North America has accounted for the highest share in terms of revenue to the global market and is expected to dominate the market over the forecast period. The Asia Pacific market is expected to witness a highest CAGR over the forecast period, due to increasing demand for liquid nitrogen in various end-use industries such as electronics and metal manufacturing & construction in the region. The Europe market is estimated to register a significant growth rate during the forecast period. Middle East and Africa liquid nitrogen market are at a nascent stage and is estimated to witness a moderate growth in coming years.
Global Liquid Nitrogen Market Segmentation:
Segmentation On the Basis of Manufacturing Process:
- Cryogenic Distillation
- Pressure SWING Adsorption
Segmentation On the Basis of Function:
Segmentation On the Basis of Storage:
- Cylinder & Packaged
- Merchant Liquid
Segmentation On the Basis of End-use Industry:
- Chemicals & Pharmaceuticals
- Food & Beverage
- Metal Manufacturing & Construction
- Rubber & Plastic
- Others (Electronics and Energy)
Segmentation On the Basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- The Linde Group
- Refrigeration & Oxygen Company Limited
- Air Liquide
- Gulf Cryo
- Air Products and Chemicals, Inc.
- Messer Group GmbH
- SOUTHERN INDUSTRIAL GAS SDN. BHD.
- TAIYO NIPPON SANSO CORPORATION
- Asia Technical Gas Co Pte Ltd
- BUZWAIR INDUSTRIAL GASES FACTORIES
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