Press release
Liquid Nitrogen Market to surpass $17bn by 2025 | Key Industry Players are Messer Group, Air Products, Gulf Cryo, The Linde Group, Praxair, Inc, Air Liquide, nexAir, LLC
Liquid Nitrogen Market
North America was another major region in 2017 and will grow with a significant growth rate. This can be attributed to the rapidly increasing oil & gas industry in the region. Liquid nitrogen plays an important role in discovery and manufacturing of shale gas. Since 2014, the U.S. have started the production of shale gas from its northern regions at rapid pace. This increased production of oil & gas in North America is likely to fuel the liquid nitrogen market growth in the region.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2530
Liquid Nitrogen Market to exceed USD 17 billion by 2025; according to a new research report by Global Market Insights. Global liquid nitrogen market will be driven by rapidly growing pharmaceutical industry. Liquid nitrogen finds use pharmaceutical industry in many different processes and applications starting from raw material preparation to packaging. Pharmaceutical is a one of the largest and significantly growing industry across the globe. Food & beverages industry was the major product end-user in 2017 and forecast to grow with a prominent CAGR in next few years. Growing population, technological advancements, streamlined manufacturing processes and improved cold chain facilities shall fuel the growth of pharmaceutical industry in coming years.
However, high cost related to the liquid nitrogen transportation is likely the hamper the product demand during the forecast period. In addition, increasing fuel prices may hamper the liquid nitrogen market demand in near future. Upward trend in the fuel prices increases the bulk and packaged liquid nitrogen transportation cost and may propel demand for on-site production, particularly in gigantic chemical and pharmaceutical manufacturing facilities.
On-Site production was having the largest market share in liquid nitrogen market in 2017 and forecast to grow with a highest CAGR. This can be attributed to the various benefits of the on-site production, such as low cost, easy availability of the product and flexibility in the production. Packaged liquid nitrogen demand will gain the significant market share in global liquid nitrogen market, owing to the strong distribution network and increase product applications in the various end-use segments.
Company profiled
FIG. 9. SWOT analysis, Linde Ag
FIG. 10. SWOT analysis, Praxair Inc.
FIG. 11. SWOT analysis, Air Liquide S.A.
FIG. 12. SWOT analysis, Nexair LLC
FIG. 13. SWOT analysis, Taiyo Nippon Sanso Corporation
FIG. 14. SWOT analysis, Messer Group
FIG. 15. SWOT analysis, Air Products and Chemicals Inc.
FIG. 16. SWOT analysis, Gulf Cryo
FIG. 17. SWOT analysis, Emirates Industrial Gases Co. LLC
FIG. 18. SWOT analysis, Southern Industrial Gas Berhad
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2530
Chemical & pharmaceutical was the largest end-use segment in liquid nitrogen market and it shall create the major chunk of product demand over the forecast period. This can be attributed to the usage of the liquid nitrogen in chemical and pharmaceutical manufacturing. Liquid nitrogen in metal fabrication used to reduce the heat generated while manufacturing the metals. Owing to its high-pressure properties liquid nitrogen finds major application in the oil & gas. It is used in both onshore and offshore operations. Liquid nitrogen is used to prevent flammable gases from igniting and to protect the tubulars from downhole corrosion. In addition, it used to support the drilling operations of shale gas.
Global liquid nitrogen market comprises many large multinational players as well as mid-scale and small-scale vendors. Some prominent players operating in the industry are Taiyo Nippon Sanso Corporation, Southern Industrial Gas Berhad, Emirates Industrial Gas Co. LLC, Air Liquide S.A., Nexair LLC, Messer Group, Linde Ag, Gulf Cryo, Praxair Inc. and Air products and Chemical Inc.
Liquid Nitrogen Market by End-user
• Automotive
• Chemical & Pharmaceutical
• Rubber & Plastic
• Food & Beverages
• Healthcare
• Metal Fabrication
• Oil & Gas
• Others
Browse key industry insights spread across 146 pages with 243 market data tables & 18 figures & charts from the report, “Liquid Nitrogen Market” in detail along with the table of contents:
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.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://technologymagazine.org/
This release was published on openPR.
Permanent link to this press release:
Copy
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 to surpass $17bn by 2025 | Key Industry Players are Messer Group, Air Products, Gulf Cryo, The Linde Group, Praxair, Inc, Air Liquide, nexAir, LLC here
News-ID: 1563183 • Views: …
More Releases from Global Market Insights, Inc.
Hepatitis B Vaccine Market Set to Surpass $12 Billion by 2034
The global hepatitis B vaccine market is poised for significant expansion over the next decade, fueled by rising liver disease cases, expanded immunization coverage, and advancements in vaccine development. Valued at USD 6.7 billion in 2024, the market is projected to reach USD 7.3 billion in 2025 and surge to USD 12 billion by 2034, reflecting a healthy compound annual growth rate (CAGR) of 5.7%.
A major driver behind this growth…
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
More Releases for Liquid
Vitamins: The Liquid Goldmine in the Booming Liquid Dietary Supplements Market
The liquid dietary supplements market is experiencing a surge in popularity, driven by consumers seeking convenient and effective ways to boost their health and wellness. Among the diverse offerings, the vitamins segment stands out as a high-opportunity area, catering to a wide range of health needs and preferences.
Market Dynamics and Growth Drivers
Liquid vitamins offer a compelling alternative to traditional pills and capsules, providing faster absorption, easier consumption, and customizable dosages.…
Thermoelectric Assemblies Market, By Type (Air to Air, Direct to Air, Liquid to …
The thermoelectric assemblies market is expected to witness market growth at a rate of 8.25% in the forecast period of 2021 to 2028. Data Bridge Market Research report on thermoelectric assemblies market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the application of thermoelectric assemblies in the food and beverage industry…
Southeast Asia Liquid Gases Market : Growing with a CAGR of 7.1%, By Type (Liqui …
Southeast Asia liquid gases market is expected to grow significantly in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.1% in the forecast period of 2023 to 2030 and is expected to reach USD 5,042,237.33 thousand by 2030. The major factor driving the growth of the liquid gases market is the rising demand of fresh packaged products…
Southeast Asia Liquid Gases Market growing with a CAGR of 7.1%, By Type (Liquid …
Southeast Asia liquid gases market is expected to grow significantly in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.1% in the forecast period of 2023 to 2030 and is expected to reach USD 5,042,237.33 thousand by 2030. The major factor driving the growth of the liquid gases market is the rising demand of fresh packaged products…
Southeast Asia liquid gases market growing with a CAGR of 7.1%, Size, Share, Tre …
Southeast Asia liquid gases market is expected to grow significantly in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.1% in the forecast period of 2023 to 2030 and is expected to reach USD 5,042,237.33 thousand by 2030. The major factor driving the growth of the liquid gases market is the rising demand of fresh packaged products…
Dual Chamber Prefilled Syringes Market 2021 by Product (Liquid/Powder, Liquid/Li …
The Dual Chamber Prefilled Syringes Market report examines the market size by vital countries/regions, product type, application, historical data, and estimate to forecast. It helps to understand the structure of the Dual Chamber Prefilled Syringes Market by recognizing its different sub-segments. Furthermore, the report focuses on key market players to determine, describe and analyze the value, market share, market competition landscape, SWOT analysis, and development plans in the next few…
