Liquid Nitrogen Market is projected to showcase significant growth via automobile sector

Liquid Nitrogen Market has achieved maturation in the automobile sector chiefly due to the product’s large scale demand across the emerging countries in the APAC region. Supporting this, various automobile manufacturers are looking forward to producing the engines that find operability on the liquid nitrogen. Irrefutable properties of the liquid nitrogen like the environment-friendly and cost efficiency have provided an added on advantage in the growth of the liquid nitrogen market from the automotive segment. On the other hand, the chemical and pharmaceutical sector, in 2017, was slated to be the largest end-use segment and is speculated to register a major proportion of the industry share by 2025.

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The global liquid nitrogen market, as per the transportation mode is segmented into three modes- on-site production, bulk liquid, and packaging. The on-site production segment is projected to accrue hefty proceeds over the foreseeable time on the grounds of innumerable benefits such as reduced costs, easy availability, and flexibility in the production.

The segment in 2017 acquired approximately a major share in the liquid nitrogen industry across the transportation mode. Imperatively, it is considered to be one of the most convenient modes of transportation on a daily basis.
Supported by the profusion of features, liquid nitrogen finds huge scope across a plethora of industries that rely massively on nitrogen in every way. This is subjected to accelerate the liquid nitrogen market growth over the span of seven years.

Having acquired a major chunk in the global liquid nitrogen market in 2017, the Asia Pacific region is expected to proliferate at a prodigious growth rate over the forecast period. This can be aptly attributed to the surging automobile production across the region. It is imperative to note the demands for passenger and commercial vehicles in the APAC region is ever-growing whilst adding to the need for liquid nitrogen and its escalation across the region.

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With the automobile sector being at its peak across the region, the liquid nitrogen market is also influenced by the transforming trends from the pharmaceutical sector. High demands from the chemical as well as the pharmaceutical sector is creating an upsurge in the global market growth which is anticipated to emerge as a major pocket revenue for the overall market in the forthcoming years.

The global liquid nitrogen market has been witnessing progressive expansion since long, ever since a couple of centuries ago, nitrogen was liquified in 1883 and its usage across various industries processed. It does not come as a surprise that owing to tremendous opportunities across myriad sectors, the worldwide liquid nitrogen industry size would be pegged at USD 17 billion by the end of 2025.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Linde Ag
2. Transportation landscape
3. Praxair Inc.
4. Transportation landscape
5. Air Liquide S.A.
6. Transportation landscape
7. Nexair LLC
8. Transportation landscape
9. Taiyo Nippon Sanso Corporation
10. Transportation landscape
11. Messer Group
12. Transportation landscape
13. Air Products and Chemicals Inc.
14. Transportation landscape

Endorsed by surging populace and shifting consumer preferences, the food and beverages sector is estimated to accrue noteworthy gains during 2018-2025. Reliable sources claimed that the F&B sector emerged out to stand as a major end use sector for liquid nitrogen industry in 2017. Key players in the food industry have stressed on the viability of liquid nitrogen for freezing of various poultry, dairy, meat, and bakery products as the rapid freezing of food items delivers high marketable benefits.

Additionally, in the emerging economies of Asia Pacific and North America, liquid nitrogen market has gained a massive momentum as the application of the product across these regions is broader as compared to various other regions.

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