Liquid Nitrogen Market Growth by Key Players: Praxair Technology Inc., Air Liquide, NexAir LLC, Taiyo Nippon Sanso Corporation, Messer Group, Air Products and chemicals, Inc., Gulf Cryo and Southern Industrial Gas Sdn Bhd. Ricardo
Request for an in-depth table of contents for this report @
Other industries in the region are also experiencing boom owing to rapid industrialization and infrastructure development. China was the largest supplier of liquid nitrogen in the region. Europe is likely to be another attractive region due to its prominent plastic, automobile, rubber, fabrication and metal industries.
Liquid Nitrogen Market size is likely to grow with a prominent CAGR over the forecast timespan. It is the largest volume of inorganic chemical sold in the world. Nitrogen is used mostly in the gaseous form; however, it is commonly stored and transported as a liquid form in several types of cryogenic containers such as liquid cylinder, dewar and liquid tank. Container type depends upon the quantity required by the end user. It is produced at an air separation plant.
Increasing demand for a liquid nitrogen in food preservation and chemical & pharmaceutical industry is anticipated to drive the liquid nitrogen market in the coming years. Product is used to cool and preserve items in food & beverage industry. Liquid nitrogen properties help to increase the shelf life of the product. Due to low initial investment, non-adverse effects on environment and to supply quality food to the rising population, it is likely to be used widely in food & beverage industry during the forecast period.
Chemical & pharmaceutical segment shall be the fastest growing end user industry over the forecast period. Liquid nitrogen is extensively used in pharmaceutical industry to cool the reactors filled with catalyst and to retain the required temperature. Global pharmaceutical industry is likely to grow with a 6.3% CAGR over the forecast duration and shall reach to 1.12 trillion USD by 2024.
Liquid nitrogen is used in various industries such as chemicals, pharmaceuticals, food & beverage, metal manufacturing, construction, electronics, energy, rubber & plastic, healthcare and others. Among which metal manufacturing segment was the largest end-user in 2016. Increasing use of liquid nitrogen as an industrial gas in fabrication and metal refining process is projected to spur the market growth rate during the forecast timeframe. On the basis of manufacturing process, it is divided in two parts, pressure swing absorption and cryogenic distillation.
Request for customization of this report @
Large part of liquid nitrogen is produced through cryogenic distillation technique. It is cost-effective for large-sized plants and produces high purity nitrogen and oxygen. Pressure wing absorption technique is relatively very new and more useful for medium and small-scale producers.
Top key players:
The key vendors in the liquid nitrogen market are The Linde Group, Praxair Technology Inc., Air Liquide, NexAir LLC, Taiyo Nippon Sanso Corporation, Messer Group, Air Products and chemicals, Inc., Gulf Cryo and Southern Industrial Gas Sdn Bhd. Ricardo, a UK based engineering company is developing a liquid nitrogen enhanced engine. These new engines will extend the overall life and reduce the fuel consumption. It is likely to turn out to be a huge opportunity for liquid nitrogen market over the next few years.
Market share calculation in this report is not done based on companies covered in it. The calculation of liquid nitrogen market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Browse Full Report @ https://www.gminsights.com/industry-analysis/liquid-nitrogen-market
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Liquid Nitrogen Market Growth by Key Players: Praxair Technology Inc., Air Liquide, NexAir LLC, Taiyo Nippon Sanso Corporation, Messer Group, Air Products and chemicals, Inc., Gulf Cryo and Southern Industrial Gas Sdn Bhd. Ricardo here
News-ID: 1173450 • Views: 416
More Releases from Chemical Market Research
Oxygen Scavengers Market Forecast by Key Players: Chemfax, Eastman Chemical Comp …
Oxygen Scavengers Market such as iron, hydrazine, and carbon cause some health hazards including headache, breathing problem, high blood pressure, pneumoconiosis, etc. which will hamper its market growth. These products are generally applicable to substance with some water content. The absence of water cause migration of water molecules from oxygen scavengers to food product which leads to declination of food quality. This factor coupled with the non-volatile nature of O2
Wood Coating Resins Market Growth by Key Players: Nuplex, Royal DSM, Synthopol C …
North America wood coating resins market will grow rapidly owing to recovery of refinishing & cabinetry activities across the region. Favorable regulatory landscape and rising demand for more sustainable products will further support the industry region. The rising need of home decorators, along with environmental pressures will contribute significantly towards the Europe wood coating resins market till 2024. Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/2455 Wood Coating Resins
Europic Chloride Market by Top Key Participant: Strem Chemicals, Stanford Advanc …
Considering regions, the global europic chloride market can be segmented into Asia Pacific, Europe, North America, Latin America and Middle East & Africa. Asia Pacific is the leading producer of the product. China is the leading producer of Asia Pacific in the regional europic chloride market. China recorded a chemical sales in excess of 1 trillion in 2016 followed by Japan, South Korea and India respectively. The region is also
Jojoba Oil Market Trends by Key Players: Jojoba company, Desert Whale Jojoba Com …
In 2016 North America accounted for the highest market share in global jojoba oil market. High per capita income in North America, along with jojoba production concentrated in this region has attributed to the large market share of North America in jojoba oil market and it shall continue to do so in the forecast period. Asia pacific is likely to witness stupendous growth rate during the forecast period. Increasing consumer
More Releases for Liquid
Liquid Biopsy Market
Liquid biopsies are non-invasive blood tests that detect tumor DNA & RNA fragments and circulating tumor cells (CTCs), which are released into the blood from the primary tumors and metastatic sites. It is a minimally invasive technology for the detection of molecular biomarkers, excluding expensive or invasive procedures. The global liquid biopsy market accounted for $634 million in 2016, and is estimated to reach
Liquid Applied Membranes Market 2025 |
Liquid Applied Membrane (LAM) is a lowly thickness waterproofing film that is employed in the form of a liquid covering to vertical along with horizontal surfaces. The LAM is, in addition, believed as a cutting-edge waterproofing chemical as well as its solid, consistent property, in addition to the ability to comply with each setup is making its need increase in the worldwide construction industry. Utilization of terrible value construction material
Liquid Milk Market
https://www.qandqmarketresearch.com/reports/7239773/liquid-milk-market-98 In 2017, the global Liquid Milk market size was million US$ and is forecast to million US in 2025, growing at a CAGR of from 2018. The objectives of this study are to define, segment, and project the size of the Liquid Milk market based on company, product type, application and key regions. This report studies the global market size of Liquid Milk in key regions like North America, Europe, Asia
Liquid Productions announces name change
13 years since it’s foundation, top creative content production agency Liquid Productions is evolving, with a new name to match a new vision. As of the 10th October the new name for the business is LIQUONA. Repeatedly ranked by industry magazine Televisual as a Top 50 UK corporate production company, LIQUONA has grown from a bedroom startup video production company, to a full creative moving image agency. The name change reflects the development of
Liquid Biopsy Market - Insights
Liquid biopsy involves testing of the blood to identify biomarkers or cancer cells in the form of cells or pieces of DNA which are separated from the tumor and are circulating in the blood. Liquid biopsy helps in early detection of cancer, which would aid in adopting an optimal treatment plan. It is a non-invasive technique, which makes frequent testing possible, and effectiveness of cancer treatment can also be validated
Global Liquid Nitrogen Market 2017
Global Liquid Nitrogen Report 2017 Major Manufacture Analysis Of Liquid Nitrogen Market 2017. The report presents a Depth Research of the market growth factors and drivers. A Deep research of the Liquid Nitrogen Market limitations and the opportunities enable the user to make the future projection. The report also includes Company Profile, based on the manufacturing methods, technological advancements, and innovations. GET SAMPLE REPORT @ https://www.reportsmonitor.com/request-sample/?post=398982 The report has been prepared based