Press release
Liquid Nitrogen Market to cross USD 17.2 billion by 2025 | Key Players are Gulf Cryo, Air Products, Air Liquide, Praxair, Inc, The Linde Group
Liquid Nitrogen Market
Request for Sample @ https://www.gminsights.com/request-sample/detail/2530
According to a new research report, Global Liquid Nitrogen Market is forecast to exceed USD 17.2 billion by 2025. Global liquid nitrogen industry will be driven by a rapidly growing food & beverage industry across the globe. It is used in the food & beverages to freeze the food products rapidly and to preserve & transport it.
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
The automobile end-use segment is projected to grow with the highest CAGR over the forecast period. This can be attributed to the rapidly growing automobile industry in the Asia Pacific. Automobile manufacturers are trying to manufacture the engines which will run on the liquid nitrogen. Liquid nitrogen is an environment-friendly and cost-effective alternative for petroleum-based fuel. Rubber & plastic manufacturing will create major liquid nitrogen market demand during the forecast period, owing to the growing rubber & plastic production across the globe from the past few years.
Request for an in-depth table of contents for this report @ https://www.gminsights.com/toc/detail/liquid-nitrogen-market
Apart from the pharmaceutical sector, companies operating across business verticals such as oil and gas, food & beverages, rubber & plastic, and automotive are readily installing on-site nitrogen generators at their manufacturing facilities to bolster the pace of production and reduce operating costs. This has led to a significant proliferation of the on-site production segment in the past few years and is unsurprisingly forecast to grow at a substantial rate in the times to come. In fact, as per a research report prepared by Global Market Insights, Inc., on-site production apportioned the maximum revenue share across the transportation segment of the liquid nitrogen market in 2017.
For the liquid nitrogen market, the oil & gas industry is one of the most prominent end-use spaces. With a commendable boost in shale oil and gas sectors in recent years and the spike in hydraulic fracturing, enhanced oil recovery, which greatly involves the use of nitrogen, has witnessed revived interest adding traction to the liquid nitrogen market.
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)
Additionally, in the emerging economies of the Asia Pacific and North America, the liquid nitrogen market has gained massive momentum as the application of the product across these regions is broader as compared to various other regions.
This exponential size of the automobile industry shall fuel the liquid nitrogen demand in the near future. North America's liquid nitrogen demand shall grow with a healthy CAGR, owing to its mature 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 market across major business verticals.
Browse More News:
https://www.openpr.com/news/1961122/humic-acid-market-to-see-14-cagr-over-2020-2026-anderson-inc
https://www.prnewswire.com/news-releases/powder-coating-market-to-exceed-usd-17-bn-by-2025-global-market-insights-inc-300940763.html
https://www.globenewswire.com/news-release/2017/10/30/1159838/0/en/Biocides-Market-to-exceed-13-bn-by-2024-Global-Market-Insights-Inc.html
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
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.
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 cross USD 17.2 billion by 2025 | Key Players are Gulf Cryo, Air Products, Air Liquide, Praxair, Inc, The Linde Group here
News-ID: 2211922 • 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…
