Liquid nitrogen is used as cooling element in transportation and freezing of liquids and chemicals in chemical industries. It is also used to freeze medicines and formulations, to cool reactors loaded up with catalyst during fix works and keep up the required cold response temperatures in pharmaceutical industries. Liquid nitrogen is also used in food & beverages industry in automatic freezing systems for the purpose of preserving and transportation of food. The report provides analysis of global liquid nitrogen market for the period 2016-2026, wherein 2018 to 2026 is the forecast period and 2017 is considered as the base year. The global liquid nitrogen market is anticipated to grow at substantial CAGR above 6% throughout the forecast period. Furthermore, Market players are primarily focusing on developing new innovative technologies that will supplement growth of the liquid nitrogen market.
Growing liquid nitrogen demand in healthcare industry, rapidly growth in the healthcare industry, growing applications of electronics devices, rising population and technological advancements are some of the fundamental factors that are driving the liquid nitrogen market growth globally. Speedily growing healthcare industry across the world is expected to drive the growth of the liquid nitrogen market over the forecast period. Liquid nitrogen is used to maintain low temperature in healthcare industry; hence the demand for liquid nitrogen is increasing in the medical sector. Furthermore, technological advancements, rising population, enhanced cold chain facilities and modernized manufacturing processes are some of the fundamental factors supplementing the growth of the liquid nitrogen market across the globe. Growing usage of electronic devices in the healthcare industry and technological innovations are expected to fuel the global liquid nitrogen market growth over the forecast period. Liquid nitrogen is broadly used in the healthcare industry for various applications such as cryotherapy, cryosurgery, preserving and transportation of tissues and cells. Demand for liquid nitrogen is increasing with the growing developments in the healthcare industry and is anticipated to boost during the forecast period. However, the high cost associated with the liquid nitrogen transportation may hamper the growth of the global liquid nitrogen market.
Liquid Nitrogen Market, Transportation by End-user
Liquid Nitrogen Market by End-user
Global Liquid nitrogen Market, by Geography
The market research study on “Liquid Nitrogen Market (By End-user: On-Site Production [Automotive, Chemical & Pharmaceutical, Rubber & Plastic, Food & Beverages, Healthcare, Metal Fabrication, Oil & Gas, Others], Bulk Liquid [Automotive, Chemical & Pharmaceutical, Rubber & Plastic, Food & Beverages, Healthcare, Metal Fabrication, Oil & Gas, Others], Packaged [Automotive, Chemical & Pharmaceutical, Rubber & Plastic, Food & Beverages, Healthcare, Metal Fabrication, Oil & Gas, Others]; Liquid Nitrogen Market by End-user: Automotive, Chemical & Pharmaceutical, Rubber & Plastic, Food & Beverages, Healthcare, Metal Fabrication, Oil & Gas, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026” offers a detailed insights on global liquid nitrogen market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global liquid nitrogen market by transportation, end-user and major geographic regions. The report also covers basic technology development policies.
The global liquid nitrogen market is characterized by the presence of experienced and established players. Some of the key players include Southern Industrial Gas Berhad, Linde Ag, Emirates Industrial Gas Co. LLC, Messer Group, Taiyo Nippon Sanso Corporation, Air Liquide S.A., Air products, Gulf Cryo and Chemical Inc., Praxair Inc., and Nexair LLC.