Market Scenario:
Liquid nitrogen is formed at
very low temperature in a liquefied form. Liquid nitrogen allows to freeze in
first instant and can be stored and transported in suitable environment. Liquid
nitrogen is produced by simultaneously removing the heat and compressing the
air and in cryogenic fluid, helps in freezing foods. Liquid nitrogen is a
nontoxic and it rapidly cools things. It is best for preserving food,
biological and medical products. Liquid nitrogen is expected to cross USD 17
Billion by 2022, at a CAGR of approximately 6%.
On the basis of function, coolant is expected to grow with highest market share
in the forecast period because at low temperature liquid nitrogen serves as an
ideal coolant for many industries. On the basis production technology,
cryogenic distillation is expected to witness the largest market share because
it is most widely used for high purity oxygen, nitrogen and argon for
industries. On the basis of end-user, chemicals & pharmaceutical segment is
expected to dominate the market due to the growth in the pharmaceutical
industry globally. North America is expected to witness the highest market
share in the forecast period.
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Study
Objectives of Liquid Nitrogen Market:
- To provide detailed analysis of the market
structure along with forecast for the next 5 years of the various segments
and sub-segments of the Global Liquid Nitrogen Market
- To provide insights about factors affecting
the market growth
- To Analyse the Global Liquid Nitrogen Market
based on various factors such as supply chain analysis, and Porter’s five
force analysis
- To provide historical and forecast revenue
of the market segments and sub-segments with respect to regions and their
respective key countries
- To provide country level analysis of the market
with respect to the current market size and future prospective
- To provide country level analysis of the
market for segments by function, by production technology, by end-use and
by region
- To provide strategic profiling of key
players in the market, comprehensively analysing their core competencies,
and drawing a competitive landscape for the market
- To track and analyse competitive
developments such as joint ventures, strategic alliances, mergers and
acquisitions, new product developments, and research and developments in
the Global Liquid Nitrogen Market.
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Regional Analysis of Liquid Nitrogen Market:
The Liquid Nitrogen market can be geographically
segmented into North America, Europe, Asia Pacific (APAC) and Rest of the World
(ROW). North America region is expected to dominate Liquid Nitrogen Market
during the forecast period. Asia pacific is expected to grow fastest during the
forecast period because of the growing development activities and expansion of
the economy.
Key Players:
The key players of global liquid nitrogen market are Linde Ag
(Germany), Praxair Inc. (U.S.), Air Liquide S.A. (France), Nexair LLC (U.S.),
Taiyo Nippon Sanso Corporation (Japan), Messer Group (Germany), Air Products
and Chemicals Inc. (U.S.), Gulf Cryo (United Arab Emirates), Emirates
Industrial Gases Co. LLC. (United Arab Emirates), and Southern Industrial Gas
Berhad (Malaysia).
Intended Audience:
- Liquid nitrogen manufacturers
- Distributer & Supplier companies
- End Users
- Consultants and Investment bankers
- Government as well as Independent Regulatory
Authorities
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