Press release
Global Liquid Nitrogen Market Is Expected to Expand At 6% CAGR | New Technological Change Helping Market Growth, Size, Share, and Forecasts by 2022
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%.
Key Players:-
• Linde Ag
• Praxair Inc.
• Air Liquide S.A.
• Nexair LLC
• Taiyo Nippon Sanso Corporation
• Messer Group
• Air Products and Chemicals Inc.
• Gulf Cryo
• Emirates Industrial Gases Co. LLC.
• Southern Industrial Gas Berhad
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Scope of the Report:-
This study provides an overview of the global liquid nitrogen market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global coating equipment market by function, by production technology, by end-use and by region
By Function
• Coolant
• Refrigerant
By Production Technology
• Cryogenic distillation
• Pressure swing adsorption
By End-User
• Chemicals
• Pharmaceuticals
• Food & beverages
• Others
By region
• North America
• Europe
• Asia-Pacific
• ROW
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Market Research Analysis:-
The factors contributing to the growth of liquid nitrogen are high demand of electronic products and increasing demand from healthcare sector. Growing chemical industry plays a major role in the growth of the liquid nitrogen because it is extensively used in chemical industries.
The market is highly application based. It is dependent on the usage in the end-use industries. Chemical & Pharmaceutical are the dominating segment, by end-user due to growing demand of liquid nitrogen in this region. In pharmaceutical industry, liquid nitrogen is widely used as a cool reactors which are filled with catalyst during the repair work which helps to maintain the required temperature. Liquid nitrogen is also expected to witness growth in different segments such as healthcare, food & beverages, and rubber & plastic sectors.
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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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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