Market Highlights
Liquid nitrogen is formed at very low
temperature in a liquefied form and is produced by simultaneously removing the
heat and compressing the air. It allows freezing in first instance and it can
be stored and transported easily in suitable environment.
Such nitrogen is best for preserving food,
biological and medical products. Various drivers which are responsible for the
growth of liquid nitrogen market are growing demand of electronic products and
growing demand from healthcare sector. Metal fabrication, automotive, and
lighting are other factors which drives the growth of these segment. There is
an opportunity for the growth of liquid nitrogen due to growing chemical
industries in developing and under-developed region.
North America is going to witness the largest
market share during 2016 to 2022 due to growing demand of liquid nitrogen in
the region across various end-use industries. Asia-Pacific is going to witness
the fastest growth due to growth in the developmental activities and rapid
economic expansion. The demand for liquid nitrogen is increasing due to
increase in income level of individual in this region. Growth in the food &
beverages and electronics industries in the countries of China and India has
fueled the demand for such liquid nitrogen in the region of APAC.
Market Research
Analysis
The
market is highly application based. It is dependent on the usage in the end-use
industries. Chemical &
Pharmaceutical are the dominating segment, by end-user due to growing demand of
liquid nitrogen in this region. In pharmaceutical industry, liquid nitrogen is
widely used as a cool reactor which are filled with catalyst during the repair
work which helps to maintain the required temperature. Liquid nitrogen is also
expected to witness growth in different segments such as healthcare, food &
beverages, and rubber & plastic sectors.
The
factors contributing to the growth of liquid nitrogen are high demand of
electronic products and increasing demand from healthcare sector. Growing
chemical industry plays a major role in the growth of the liquid nitrogen
because it is extensively used in chemical industries.
Scope of the Report
This
study provides an overview of the global liquid nitrogen market, tracking four
market segments across four geographic regions. The report studies key players,
providing a five-year annual trend analysis that highlights market size, volume
and share for North America, Europe, Asia
Pacific (APAC) and Rest of the World (ROW).
The report also provides a forecast, focusing on the market opportunities for
the next five years for each region. The scope of the study segments the global
coating equipment market by function, by production technology, by
end-use and by region
Ø By Function
·
Coolant
·
Refrigerant
Ø By Production Technology
·
Cryogenic
distillation
·
Pressure
swing adsorption
Ø By End-User
·
Chemicals
·
Pharmaceuticals
·
Food
& beverages
·
Others
Ø By region
·
North
America
·
Europe
·
Asia-Pacific
·
ROW
Key Players
ü Linde Ag
ü Praxair
Inc.
ü Air
Liquide S.A.
ü Nexair LLC
ü Taiyo
Nippon Sanso Corporation
ü Messer
Group
ü Air
Products and Chemicals Inc.
ü Gulf Cryo
ü Emirates
Industrial Gases Co. LLC.
ü Southern
Industrial Gas Berhad
Get Complete Report@ https://www.marketresearchfuture.com/reports/liquid-nitrogen-market-2133
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