Navigating Sustainable, Profitable Growth in a Rapidly Changing World

Chemicals and Materials

Global Liquid Nitrogen Market Repor...

Historical and Forecast Market Trends

2018-32

www.expertmarketresearch.com

The liquid nitrogen market is expected to expand exponentially in tandem with the global industrial gas market. In various applications where low temperatures are needed, liquid nitrogen is used as a cryogen. It is commonly used in cryosurgery, cryotherapies, and cryopreservation to dissolve decayed tissues and remove warts, moles, skin marks, verrucas, and certain skin cancers. Furthermore, it is used as a coolant in the temporary shrinking of mechanical gears during system construction, resulting in improved intrusion suits. During the forecast era, this feature is expected to boost demand for liquid nitrogen.

The chemical and pharmaceutical industries were the main end-users in the historical period, and they are expected to expand at a rapid pace in the coming years. In the chemical and pharmaceutical industries, liquid nitrogen is used to cool catalyst-filled reactors. Another big end-user division of the industry was rubber and plastic, as liquid nitrogen in rubber production is used as a refrigerant in deflashing systems. Because of its ultracool temperature, it reduces the need for pre-cooling and can rapidly lower the flash temperature, thus, lowering cycle times and improving transportability. Ultracold, inert nitrogen can also aid in the reduction of heat produced during the grinding process, resulting in high-quality, very thin, uniformly shaped particles.

The growing focus of the leading players on expanding their presence across the key developing markets and increasing their production capacity is expected to significantly boost the industry growth over the forecast period. Linde plc (NYSE: LIN) is a multinational chemical company headquartered in Guildford, United Kingdom. It is the largest industrial gas company by market share and revenue. Linde announced the opening of a cutting-edge hydrogen and carbon monoxide facility in Clear Lake, Texas (TX), as well as a new air separation centre in LaPorte, TX, on July 7, 2020. Under a recently negotiated long-term deal, the plants will provide oxygen, nitrogen, and carbon monoxide to Celanese, as well as hydrogen to other customers through Linde's U.S. Gulf Coast pipeline system. Such developments are expected to favour the market growth in the coming years.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Market Breakup by Function, Technology, Storage, End Use, and Region:

  • On the basis of function, the market is bifurcated into coolant and refrigerant.
  • By technology, the market is bifurcated into cryogenic distillation and pressure swing adsorption.
  • On the basis of storage, the market is divided into cylinders and packaged gas, merchant liquid, and tonnage, among others.
  • Based on end use, the market is segmented into chemical and pharmaceutical, healthcare, food and beverage, metal manufacturing, construction, and rubber and plastic, among others.
  • Region-wise, the liquid nitrogen industry is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for liquid nitrogen is being driven by the rising demand for coolants in the healthcare industry.
  • The increasing demand in the automotive industry has significantly contributed to the market expansion.   
  • The growing usage of liquid nitrogen as a refrigerant is also responsible for promoting the growth of the industry.   
  • The capacity expansion by the manufacturers and the advancements in technology are expected to further aid the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for liquid nitrogen for the periods (2018-2023) and (2024-2032).
  • The report also offers historical (2018-2023) and forecast (2024-2032) market information for functions, technologies, storage, end uses, and major regions of liquid nitrogen.
  • It assesses the regional price trends for the (2018-2023) and (2024-2032) periods.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global liquid nitrogen market are Linde plc, Air Products Inc., Praxair Technology, Inc, Taiyo Nippon Sanso Corporation, and Southern Industrial Gas Sdn Bhd, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, technological advancements, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us:

Expert Market Research
Website: www.expertmarketresearch.com
Email: [email protected]
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

How To Order

Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.

Select License Type

Choose the right license for your needs and access rights.

Click on ‘Buy Now’

Add the report to your cart with one click and proceed to register.

Select Mode of Payment

Choose a payment option for a secure checkout. You will be redirected accordingly.

Pricing Plans

Purchase Full Report

Datasheet

 

USD 2,199

USD 1,999

tax inclusive*

  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF

Single User License

One User

USD 3,299

USD 2,999

tax inclusive*

  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF

Five User License

Five Users

USD 4,399

USD 3,999

tax inclusive*

  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support

Corporate License

Unlimited Users

USD 5,499

USD 4,999

tax inclusive*

  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

We’re here to help answer any questions about our products and services.

Contact us

Locations


United States (Head Office)

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

Australia

63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

India

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-120-433-0800

Philippines

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.

+63 287899028, +63 967 048 3306

United Kingdom

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

Vietnam

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124