Liquid Nitrogen Market - Global Industry Analysis

Liquid Nitrogen Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Category: Chemical & Materials Report Format : PDF Report Code: ZMR-923 Status : Upcoming


Global Liquid Nitrogen Market: Overview

Simple nitrogen in a liquid state at an extremely low temperature is known as liquid nitrogen. It is colorless in nature. It is a cryogenic liquid, which when in contact with living cells can cause rapid freezing. Owing to this property, liquid nitrogen is widely used as a coolant.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Liquid Nitrogen Market: Growth Factors

The global liquid nitrogen market is likely to have a great boost in the coming future. The ability of liquid nitrogen to act as a coolant is the main reason that has powered the growth of the global market. Further, the rise in the demand of liquid nitrogen in transport and food industry is also driving the growth of the global liquid nitrogen market. Additionally, growing demand from industry is also one of the main reasons that are driving the global market. Moreover, use of advanced technology is also powering the growth of the global market.

On the other hand, the high value for transportation is the main reason hindering the growth of global liquid nitrogen market. Additionally, high cost for production is also one of the significant reasons that are restraining the growth of the global market. Besides this, growing accidents in the industry when in contact with liquid nitrogen is also one of the reasons that are decreasing the growth of the global market. Lack of job opportunities is also hampering the growth of global liquid nitrogen market.

Global Liquid Nitrogen Market: Segmentation

Based on end user industry, the global market for liquid nitrogen is mainly classified as food & beverages, chemicals & pharmaceuticals, metal manufacturing & construction, healthcare, electronics and energy, rubber & plastic, and others.

On the basis of storage, distribution, and transportation, the global market is segmented into merchant liquid distribution, cylinder & packaged distribution, tonnage distribution, and others.

Based on function, the global market for liquid nitrogen is mainly bifurcated as coolant and refrigerant.

On the basis of manufacturing process, the global market is divided into cryogenic distillation and pressure swing adsorption

Global Liquid Nitrogen Market: Regional Analysis

Geographically, the global liquid nitrogen market is segmented as North America, Asia-Pacific, Europe, and Rest of the World. Rising demand from the industry is one of the main factors that are lowering the global market in Canada and the U.S. Growing awareness about liquid nitrogen has boosted the global market in China and India. Huge demand for coolants in France and Germany will boost the global market in Europe. The remaining part of the world will show a steady growth in the global liquid nitrogen market.

Global Liquid Nitrogen Market: Competitive Players

Key players in the global market for liquid nitrogen are Air Liquide S.A., Linde Ag, Praxair Inc., Taiyo Nippon Sanso Corporation, Nexair LLC., Gulf Cryo, Air Products and Chemicals Inc., Southern Industrial Gas BHD, and Emirates Industrial Gases Co.

Global Liquid Nitrogen Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • Germany
    • France
    • UK
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Report Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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