Press release
Liquid Nitrogen Market se to see huge growth till 2025 | Linde Ag, Transportation landscape, Praxair Inc., , Air Liquide S.A., Nexair LLC
Liquid Nitrogen Market
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Global liquid nitrogen market will be driven by rapidly growing food & beverages industry across the globe. It is used in the food & beverages to freeze the food products rapidly and to preserve & transport it. Owing to the increasing population and shift in consumer preferences, food & beverages industry is likely to grow with a significant CAGR. Chemical & pharmaceutical was the major end-user of liquid nitrogen in 2017. This can be attributed to the increasing usage of liquid nitrogen in pharmaceutical industry. It is used in the pharmaceutical industry from raw material preparation to the final product packaging. Liquid nitrogen demand in chemical & pharmaceutical is forecast to remain the highest during the forecast period.
The estimates pertaining to the CAGR (Compound Annual Growth Rate) has been calculated by the Global Liquid Nitrogen Market 2019 report with respect to the extent of the specific time duration. Industry specialists that have been evaluating the business environment are also likely to take a closer look at the alignment of the organization as well as the firm's business structure. This data that has been collected has been done so based on the high-quality insights and market structures and more.
The food industry is one of the major beneficiaries of the widespread usage of liquid nitrogen and the growth of food freezing over the past 30 years has in turn added to the growth of the overall liquid nitrogen market. The food industry utilizes two kinds of freezing namely cryogenic freezing where freezing is achieved with the use of liquid nitrogen and mechanical freezing, where foods are frozen using traditional freezing devices like spiral freezers, bed freezers etc. Cryogenic freezing has been garnering greater traction due to its lower capital costs and cheap production prices. Food companies have been able to lower their capital cost almost to zero while gaining large refrigeration capacity by renting cryogenic storage tanks from gas companies and buying liquid nitrogen as required.
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The report basically aims to present an overall analysis of the liquid nitrogen market and is inclusive of highly thoughtful insights, historical data, experiences, industry-validated data, and projections alongside a given set of theories and methodology. The report depicts the competitive spectrum of the market in detail, and also presents an in-depth comprehensive evaluation of the vital industry players.
In the pharma industry, liquid nitrogen application has gained major headway especially with the use of the product in cryoablation, a process that destroys cancer cells through freezing. Cryoablation has gained momentum over other procedures like radiofrequency ablation in the electrophysiology market mainly because of the simplicity of the procedure as well as due to successful clinical trial results which have sowed that patients are faced with fewer post-procedural complications in cryoablation.
A SWOT analysis of the market has been presented in the report. The Liquid Nitrogen Market study also explores varied topics such as the regional market scope, products, suitable applications, market size pertaining to the individual product type, revenue and sales with respect to the region, manufacturing chain details, production cost analysis, an analysis of the parameters impacting the business, market size projection, etc.
The regional segmentation covers:
o Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)
o North America Region (U.S., Canada, Mexico)
o South America Region (Argentina, Brazil, Columbia, Rest of South America)
o Asia-Pacific Region (China, South Korea, Japan, Southeast Asia, India, Rest of Asia-Pacific)
o The Middle East & Africa Region (UAE, Saudi Arabia, Nigeria, South Africa, Egypt, Rest of MEA)
Asia Pacific created the major chunk of product demand in 2017 and is anticipated to grow with a highest CAGR over the forecast period. This can be attributed to the increasing automobile manufacturing in the region. More than half of the global passenger & commercial vehicles are manufactured in Asia Pacific. This exponential size of the automobile industry shall fuel the liquid nitrogen demand in near future. North America liquid nitrogen demand shall grow with a healthy CAGR, owing to its matured food & beverage industry and increasing demand for the ready to eat products in the region.
In view of the aforementioned factors, it is quite overt that technologically superior products would undoubtedly contribute to the growth of liquid nitrogen market share in the years ahead. Concurrently, the foremost companies such as Linde Ag, Praxair Inc., Gulf Cryo, Nexair LLC, Messer Group, Air Liquide S.A., Emirates Industrial Gas Co. LLC, Southern Industrial Gas Berhad, and Taiyo Nippon Sanso Corporation are concentrating on product enhancement, essentially boosting the reach of liquid nitrogen industry across major business verticals.
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Main Features of the Global Market Research Report:
The report delivers the market valuation as well as the projected growth rate of the market spanning all years till 2025.
-The report also describes the major drivers of the market by considering as well as taking calculated risks, in tandem with identifying and testing new strategies.
-The research report endorses a detailed industry chain analysis. Also, it covers the production process of the market, upstream raw material supplier information, raw material costs, labor costs, manufacturing costs, marketing channels, as well as the downstream buyers of the market.
-The report provides detailed knowledge about the competitive scenario of the global market and also discusses the numerous marketing strategies adopted by companies to stay ahead in the competition.
-The report analyses the various market segments and also provides their contribution to the development of the global industry.
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