One of the factors which drive the growth of liquid
nitrogen is growing demand from healthcare sector. This is due to the growth in
the pharmaceutical industry and the extensive use of liquid nitrogen as a cool
reactors. Other factors which drives the growth of this segment are growing
demand of electronic products, metal fabrication, automotive, and lighting.
There is also rapid increase in the demand due to rapid urbanization, growing
industrialization, increase in infrastructure and medical activities. In
developing and under-developed region due to growing chemical industry, there
is an opportunity for liquid nitrogen to grow rapidly.
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The report has been analyzed based on
function, production technology, end-use and region. On the basis of function,
coolant is expected to witness the highest market share between 2016 to 2022.
This is because coolant is widely used in different end-use industry. Based on
production technology, cryogenic distillation witnesses the highest market
share because it is useful for high purity oxygen, nitrogen and argon for
various industries. On the basis of end-use, chemical & pharmaceutical
sector is expected to grow at a fastest rate market and dominate the market
because of the growth in the pharmaceutical industry.
North America is dominating the Liquid
Nitrogen Market.
North America
is expected to witness the highest CAGR during the forecast period because
there is a huge demand of liquid nitrogen in this region. Asia-Pacific is
expected to grow at a fastest rate during the forecast period due to growing
developmental activities and rapid expansion of the economy in Asia-Pacific
region. Due to increase in income in this region, the demand for the product is
increasing. Also, the growth of Liquid Nitrogen Market will indirectly increase due to increased demand of
products like food, aerated beverages and electronics.
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Ø Linde Ag
Ø Praxair Inc.
Ø Air Liquide S.A.
Ø Nexair LLC
Ø Taiyo Nippon Sanso Corporation
Ø Messer Group
Ø Air Products and Chemicals Inc.
Ø Gulf Cryo
Ø Emirates Industrial Gases Co. LLC.
Ø Southern Industrial Gas Berhad
This research report has provides the
insights, on various levels of analyses such industry analysis, market share
analysis leading market players and their profiles. This report also helps in
studying the target segments by providing views on emerging & high-growth
segments and market conclusion. Together the market data comprise and discuss
with the basic assessments on the competitive scenarios & strategies, of
the global liquid nitrogen market, including the high-growth regions, countries
and their political, economic and technological environments. Furthermore the
project report also provides the views over the historical market values as
well as, pricing and cost analysis of the same.
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