Market
research future published a raw research report on Global Liquid Nitrogen Market
that contains the information from 2016 to 2022. Liquid Nitrogen market is expected to
grow with the CAGR of approximately 6% from 2016 to 2022.
One of the
factors which drive the growth of liquid nitrogen is growing demand from
healthcare sector. This is due to the growth in the pharmaceutical industry and
the extensive use of liquid nitrogen as a cool reactors. Other factors which
drives the growth of this segment are growing demand of electronic products,
metal fabrication, automotive, and lighting. There is also rapid increase in
the demand due to rapid urbanization, growing industrialization, increase in
infrastructure and medical activities. In developing and under-developed region
due to growing chemical industry, there is an opportunity for liquid nitrogen
to grow rapidly.
The report
has been analyzed based on
function, production technology, end-use and region. On the basis of function,
coolant is expected to witness the highest market share between 2016 to 2022.
This is because coolant is widely used in different end-use industry. Based on
production technology, cryogenic distillation witnesses the highest market
share because it is useful for high purity oxygen, nitrogen and argon for
various industries. On the basis of end-use, chemical & pharmaceutical
sector is expected to grow at a fastest rate market and dominate the market
because of the growth in the pharmaceutical industry.
North
America is dominating the Liquid Nitrogen Market.
North America is expected to
witness the highest CAGR during the forecast period because there is a huge
demand of liquid nitrogen in this region. Asia-Pacific is expected to grow at a
fastest rate during the forecast period due to growing developmental activities
and rapid expansion of the economy in Asia-Pacific region. Due to increase in
income in this region, the demand for the product is increasing. Also, the
growth of liquid nitrogen will indirectly increase due to increased demand of
products like food, aerated beverages and electronics.
Ask for your specific company profile
and country level customization on reports.
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Linde Ag
Ø
Praxair Inc.
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Air Liquide S.A.
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Nexair LLC
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Taiyo Nippon Sanso Corporation
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Messer Group
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Air Products and Chemicals Inc.
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Gulf Cryo
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Emirates Industrial Gases Co.
LLC.
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Southern Industrial Gas Berhad
This
research report has provides the insights, on various levels of analyses such
industry analysis, market share analysis leading market players and their
profiles. This report also helps in studying the target segments by providing
views on emerging & high-growth segments and market conclusion. Together
the market data comprise and discuss with the basic assessments on the
competitive scenarios & strategies, of the global liquid nitrogen market,
including the high-growth regions, countries and their political, economic and
technological environments. Furthermore the project report also provides the
views over the historical market values as well as, pricing and cost analysis
of the same.
To Browse full report with TOC Visit@https://www.marketresearchfuture.com/reports/liquid-nitrogen-market-2133
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