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Global Liquid Nitrogen Market

06.23.2021 · Posted in Writing and Speaking

Global Liquid Nitrogen Market size was valued US$ xx Mn. in 2019 and the total revenue is expected to grow about CAGR 5.27% from 2020 to 2027, reaching nearly US$ xx Mn.

Global Liquid Nitrogen Market

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Liquid nitrogen is a form of liquid under pressure and has a very low temperature. The extremely low temperature of liquid nitrogen makes it a cryogenic liquid. Cryogenic liquids are gases which are liquefied and have a boiling point below –90°C (–130°F). The Liquid Nitrogen has a –196°C (-320°F) boiling point. The handling and storage of liquid nitrogen requires special equipment and material. Liquid nitrogen is contained in special sealed containers to avoid build-up of pressure. Depending on the design of the Dewar flask, it can be kept for hours or up to a few weeks.

The report covers the estimation and forecast of the liquid nitrogen market with consideration of key vendor revenues based on data capturing through secondary research. The different types of offerings by vendors operating in this market are taken into consideration to determine the market performance and drivers. The overall market size of the global liquid nitrogen market is analyzed and the revenue of the key players in the market using the bottom-up procedure. The representation of exact static and representation of data is done in a manner to get over all segments’ detailed information and well represented in the final report.

Liquid nitrogen has the largest share in terms of volume in the global inorganic chemical segment. It is used in numerous industrial applications and scientific applications. The Liquid Nitrogen is also used for food processing, drying, plastic, and rubber grinding and deflashing, metal handling, pulverization, and biological sample preservation. The development of technology is creating enormous opportunities and applications for Liquid nitrogen.

Global Liquid Nitrogen Market: End-use Industry

By End-use Industry, the market is segmented into Chemicals & pharmaceuticals, Food & beverage, Cryogenic distillation, Metal manufacturing & construction, Rubber & Plastic, Others (electronics and energy). Among these applications the Chemicals & pharmaceuticals is major segment in global Liquid Nitrogen in 2019 market. The Food & beverage is expected to grow at CAGR more than xx% during forecasted period 2020-2027.

Global Liquid Nitrogen Market1

By region, North America region is the largest Liquid Nitrogen market share in 2019. This is because of the well-established pharmaceutical industry and growing demand for reactor cooling applications and biological samples. Moreover, growth in restoration activities are generating demand for metal construction and manufacturing, leading to an increased need for liquid nitrogen for cutting and welding processes.

Asia-Pacific is anticipated to be the fastest-growing regional Liquid Nitrogen market, owing to the Liquid Nitrogen market growth from past few years and expected to follow the same trend during the forecast period. The major factors driving the growth of the regional market are, growing healthcare and pharmaceutical sector, and usage of liquid nitrogen in various medical applications such as blood platelet preservatives and cryotherapy, also many automotive manufacturing processes are progressively using liquid nitrogen as a coolant, which is also expected to fuel demand for liquid nitrogen in Asia-Pacific.

The report also helps in understanding Liquid Nitrogen Market dynamics, structure by analyzing the market segments and projects the Liquid Nitrogen Market size. Clear representation of competitive analysis of key players by Supply Chain, price, financial position, Product portfolio, growth strategies, and regional presence in the Liquid Nitrogen Market make the report investor’s guide.

Scope of the Global Liquid Nitrogen Market: Inquire before buying

Global Liquid Nitrogen Market, By End-use Industry

• Chemicals & pharmaceuticals

• Food & beverage

• Cryogenic distillation

• Metal manufacturing & construction

• Rubber & Plastic

• Others (electronics and energy)

Global Liquid Nitrogen Market, By Function

• Coolant

• Refrigerant

Global Liquid Nitrogen Market, By Storage, Distribution, and Transportation

• Cylinder & packaged distribution

• Merchant liquid distribution

• Tonnage distribution

Global Liquid Nitrogen Market, By Manufacturing Process

• Cryogenic distillation

• Pressure swing adsorption

Global Liquid Nitrogen Market, by Region

• Asia Pacific

• North America

• Europe

• South America

• Middle East & Africa

Key players operating in Global Liquid Nitrogen Market

• Air Products and Chemicals Inc.

• Linde Ag

• Praxair Inc.,

• Nexair LLC.

• Air Liquide S.A.

• Taiyo Nippon Sanso Corporation

• Gulf Cryo

• Emirates Industrial Gases Co. LLC.

• Southern Industrial Gas BHD

• The Linde Group

• Messer Group

• AMCS Corporation

• Statebourne Cryogenics Ltd

• Asia Industrial Gases Pte. Ltd

For More Information Vist : https://www.maximizemarketresearch.com/market-report/global-liquid-nitrogen-market/11193/

Report Is Submitted By : Maximize Market Research Company 

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