Liquid Nitrogen Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Liquid Nitrogen Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Chemicals

Report Description

Liquid nitrogen is a cryogenic fluid which can cause rapid freezing. Liquid nitrogen is odorless non-flammable, colorless, and non-corrosive in nature. Liquid nitrogen is also known as LN2, LIN, or LN. Our atmosphere contains about 78% nitrogen by volume and 75.5% by weight.  Nitrogen is employed mostly in the gaseous form; however, it is commonly stored and transported as a liquid in several types of containers such as Dewar, cryogenic liquid cylinder, and cryogenic storage tank. The type of container depends upon the quantity required by end user. Liquid nitrogen is actually generated or produced at an air separation plant. The process of liquefaction of air, followed by separation of nitrogen takes place by continuous cryogenic distillation. The nitrogen is then recovered as cryogenic liquid. Liquid nitrogen can also be obtained by a process called pressure swing adsorption.

 Liquid nitrogen is the largest volume of inorganic chemical sold in the world, due to its diverse applications such as food freezing, biological sample preservation, deflashing and grinding of plastic and rubber, and other temperature-related applications. In terms of end-user industry, the liquid nitrogen market can be segmented into healthcare, food and beverage, chemicals and pharmaceuticals, and rubber and plastic. Liquid nitrogen, due to its characteristic low temperature is employed as a cryogen in cryotherapies, cryosurgeries, and cryopreservation, which are primarily utilized for curing skin, removing skin tags, skin cancers, and moles.  The liquid nitrogen also demolishes decaying tissues. Liquid nitrogen is likely to be utilized, primarily, wherever cooling is required.

Food preservation and increased demand for liquid nitrogen from chemical and pharmaceutical companies is anticipated to drive the liquid nitrogen market in the near future. Food preservation and processing has gained importance in order to supply high quality food to the rising population worldwide. Preservation often includes cooling or freezing of the food product, which enhances its shelf-life. However, major transportation cost and direct contact with liquid nitrogen are some restraints of the liquid nitrogen market. Utmost care and precautions need to be take while transporting liquid nitrogen. Liquid nitrogen is nontoxic and inert; however, it as acts as a simple asphyxiant and is likely to cause dizziness, nausea, loss of consciousness, or even death upon excess inhalation.

In terms of region, North America is anticipated to lead the global liquid nitrogen market, due to the increase in number of suppliers of liquid nitrogen in the region. Asia Pacific is another lucrative region for the liquid nitrogen market. The region comprises about 60 % of the population of the world, where food preservation and processing is estimated to become a major application for liquid nitrogen. Other industries in Asia Pacific are experiencing boom due to rapid industrialization and infrastructural development. Europe is another attractive region due to its prominent automotive, metals and fabrication, rubbers and plastic industries.

Major players operating in the global liquid nitrogen market are Air Products and Chemicals Inc., Messer Group, The Linde Group, Gulf Cryo, Air Liquide, Cryomech Inc. Taiyo Nippon Sanso Corporation, Praxair Inc., AMCS Corporation, Statebourne Cryogenics, and Asia Industrial Gases Pte. Ltd.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market 

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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