Press release
Global Liquid Nitrogen Market is Expected To Be Worth US$ 15.0 Billion By 2022
Global Liquid Nitrogen Market
The liquid nitrogen market size is projected to grow from USD 12.48 Billion in 2015 to more than USD 15.00 Billion by 2022, at a CAGR of more than 5.00%. The liquid nitrogen market is growing rapidly in accordance with the growth in the industrial gas market.
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Wherever low temperatures are needed there liquid nitrogen is used as a cryogen. It is used in cryosurgeries, cryotherapies, and cryopreservation to destroy decayed tissues and for removing warts, moles, skin tags, verrucae, and some skin cancers. Additionally, it is used as a coolant in temporary shrinking of mechanical gears at the time of machine assembly, to make better intrusion fits. This function is projected to encourage the demand for liquid nitrogen during the forecast period in this report.
Liquid Nitrogen, as a Fuel, is future of Green cars because it is very cheap compared to hydrogen and electric powered cars, which are seen as Zero Emission alternatives to Petrol and Diesel. Wherever low temperatures are needed there liquid nitrogen is used as a cryogen. It is used in cryosurgeries, cryotherapies, and cryopreservation to destroy decayed tissues and for removing warts, moles, skin tags, verrucae, and some skin cancers. Additionally, it is used as a coolant in temporary shrinking of mechanical gears at the time of machine assembly, to make better intrusion fits. This function is projected to encourage the demand for liquid nitrogen during the forecast period in this report.
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Table of Contents
1 INTRODUCTION
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
5.1 Introduction
5.2 Market Evolution
5.3 Liquid Nitrogen Market Segmentation
5.3.1 By End-Use Industry
5.3.2 By Function
5.3.3 By Storage, Transportation & Distribution
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Electronic Products Have Seen an Increased Demand
5.4.1.2 Healthcare Sector has Seen A Steady Growth
5.4.1.3 Growing Food & Beverage Industry
5.4.2 Restraints
5.4.2.1 Structural and Regulatory Restrictions
5.4.3 Opportunities
5.4.3.1 High Demand From Chemical Industry
5.4.4 Challenges
5.4.4.1 Intricate Manufacturing Process
6 Industry Trends
7 Liquid Nitrogen Market, By End-Use Industry
8 Liquid Nitrogen Market, By Storage, Distribution & Transportation
9 Liquid Nitrogen Market, By Function
10 Liquid Nitrogen Market, By Production Technology
11 Liquid Nitrogen Market, By Region
12 Competitive Landscape
13 Company Profiles
13.1 Introduction
13.2 The Linde Group
13.3 Praxair Inc.
13.4 Air Liquide S.A.
13.5 Air Products and Chemicals, Inc.
13.6 Gulf Cryo
13.7 Southern Industrial Gas Berhad
13.8 Messer Group
13.9 Emirates Industrial Gases Co. LLC
13.10 Taiyo Nippon Sanso Corporation
13.11 Nexair LLC
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Market Research Engine (MRE) is a next-generation provider of syndicated research, customized research, and consulting services. MRE’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each Market Research Engine’s research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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