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Global Liquid Nitrogen Market: By Function: Coolant, Refrigerant; By Technology: Cryogenic Distillation, Pressure Swing Adsorption; By Storage; By End Use; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Value Chain Analysis; Price Analysis; Competitive Landscape; Industry Events and Developments
Global Liquid Nitrogen Market Outlook
The global liquid nitrogen market is expected to grow at a CAGR of 4% in the forecast period of 2021-2026.
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Increasing Demand in Chemical and Pharmaceutical Sector to Augment the Liquid Nitrogen Industry Growth
Based on end use, the chemical and pharmaceutical segment accounted for a significant share in the market and it is projected to experience a robust growth during the forecast period. Liquid nitrogen is used to cool catalyst-filled reactors in the chemical and pharmaceutical industries. The increasing use of liquid nitrogen in the pharmaceutical industry to maintain the cold reaction temperature for drugs is expected to drive the market growth further.
Another important end use sector of liquid nitrogen was rubber and plastics, 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. In addition, ultracold, inert nitrogen can help minimise the generation of heat during the grinding process, resulting in high-quality, very thin, uniformly shaped particles. This is expected to further propel the industry forward.
Liquid Nitrogen: Industry Definition and Segmentation
Nitrogen in a liquid state is referred to as liquid nitrogen. Liquid nitrogen is used for cryopreservation, cryosurgery, and cryo medicine since it allows supercooling down to approximately -200°C. Due to its favourable properties, liquid nitrogen is invaluable for storing blood and bone marrow cells, sperm, ova, early embryos, and a host of microorganisms in the microbiology laboratory (bacteria, fungi, and others). A super-chilled scalpel can be used to cut cancer tissue during cryosurgery. Liquid nitrogen is widely used in dermatology to freeze healthy growths, precancers, and skin cancers.
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By function, the market is bifurcated into:
- Coolant
- Refrigerant
Based on technology, the market is bifurcated into:
- Cryogenic Distillation
- Pressure Swing Adsorption
On the basis of storage, the market is divided into:
- Cylinders and Packaged Gas
- Merchant Liquid
- Tonnage
- Others
The market is divided based on end use into:
- Chemical and Pharmaceutical
- Healthcare
- Food and Beverage
- Metal Manufacturing
- Construction
- Rubber and Plastic
- Others
The regional markets for liquid nitrogen can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Demand for Coolants and the Thriving Healthcare Sector to Throttle the Growth of the Liquid Nitrogen Industry
The increasing demand for liquid nitrogen to function as a coolant in a variety of end-use industries, including metal processing and construction, chemical and pharmaceuticals, and healthcare, among others is driving the growth of the market. The rising demand for cylinders and packaged gas has further contributed to the growth of the market. During the forecast period, tonnage delivery and merchant liquid distribution verticals of the storage segment are expected to be the major distribution modes of the product.
Over the projected era, the healthcare industry is expected to witness a robust growth and rapid technological advancements. The increasing use of mobile technologies in the healthcare sector is expected to further propel the market growth. Furthermore, the steady growth of the automotive industry and the increased car production around the world are anticipated to further boost the liquid nitrogen industry expansion.
Key Industry Players in the Global Liquid Nitrogen Market
The report gives a detailed analysis of the following key players in the global liquid nitrogen market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Linde plc
- Air Products Inc.
- Praxair Technology, Inc
- Taiyo Nippon Sanso Corporation
- Southern Industrial Gas Sdn Bhd
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Liquid Nitrogen Market Analysis
8.1 Key Industry Highlights
8.2 Global Liquid Nitrogen Historical Market (2016-2020)
8.3 Global Liquid Nitrogen Market Forecast (2021-2026)
8.4 Global Liquid Nitrogen Market by Function
8.4.1 Coolant
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Refrigerant
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.5 Global Liquid Nitrogen Market by Technology
8.5.1 Cryogenic Distillation
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Pressure Swing Adsorption
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.6 Global Liquid Nitrogen Market by Storage
8.6.1 Cylinders and Packaged Gas
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2016-2020)
8.6.1.3 Forecast Trend (2021-2026)
8.6.2 Merchant Liquid
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2016-2020)
8.6.2.3 Forecast Trend (2021-2026)
8.6.3 Tonnage
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2016-2020)
8.6.3.3 Forecast Trend (2021-2026)
8.6.4 Others
8.7 Others Global Liquid Nitrogen Market by End Use
8.7.1 Chemical and Pharmaceutical
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2016-2020)
8.7.1.3 Forecast Trend (2021-2026)
8.7.2 Healthcare
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2016-2020)
8.7.2.3 Forecast Trend (2021-2026)
8.7.3 Food and Beverage
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2016-2020)
8.7.3.3 Forecast Trend (2021-2026)
8.7.4 Metal Manufacturing
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2016-2020)
8.7.4.3 Forecast Trend (2021-2026)
8.7.5 Construction
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2016-2020)
8.7.5.3 Forecast Trend (2021-2026)
8.7.6 Rubber and Plastic
8.7.6.1 Market Share
8.7.6.2 Historical Trend (2016-2020)
8.7.6.3 Forecast Trend (2021-2026)
8.7.7 Others
8.8 Global Liquid Nitrogen Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
12.2 Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
12.3 Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
12.4 Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
12.5 Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Linde plc
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Air Products Inc.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Praxair Technology, Inc
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Taiyo Nippon Sanso Corporation
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Southern Industrial Gas Sdn Bhd
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Others
14 Industry Events and Developments
List of Figures and Tables
1. Global Liquid Nitrogen Market: Key Industry Highlights, 2016 and 2026
2. Global Liquid Nitrogen Historical Market: Breakup by Function (USD Billion), 2016-2020
3. Global Liquid Nitrogen Market Forecast: Breakup by Function (USD Billion), 2021-2026
4. Global Liquid Nitrogen Historical Market: Breakup by Technology (USD Billion), 2016-2020
5. Global Liquid Nitrogen Market Forecast: Breakup by Technology (USD Billion), 2021-2026
6. Global Liquid Nitrogen Historical Market: Breakup by Storage (USD Billion), 2016-2020
7. Global Liquid Nitrogen Market Forecast: Breakup by Storage (USD Billion), 2021-2026
8. Global Liquid Nitrogen Historical Market: Breakup by End Use (USD Billion), 2016-2020
9. Global Liquid Nitrogen Market Forecast: Breakup by End Use (USD Billion), 2021-2026
10. Global Liquid Nitrogen Historical Market: Breakup by Region (USD Billion), 2016-2020
11. Global Liquid Nitrogen Market Forecast: Breakup by Region (USD Billion), 2021-2026
12. North America Liquid Nitrogen Historical Market: Breakup by Country (USD Billion), 2016-2020
13. North America Liquid Nitrogen Market Forecast: Breakup by Country (USD Billion), 2021-2026
14. Europe Liquid Nitrogen Historical Market: Breakup by Country (USD Billion), 2016-2020
15. Europe Liquid Nitrogen Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Asia Pacific Liquid Nitrogen Historical Market: Breakup by Country (USD Billion), 2016-2020
17. Asia Pacific Liquid Nitrogen Market Forecast: Breakup by Country (USD Billion), 2021-2026
18. Latin America Liquid Nitrogen Historical Market: Breakup by Country (USD Billion), 2016-2020
19. Latin America Liquid Nitrogen Market Forecast: Breakup by Country (USD Billion), 2021-2026
20. Middle East and Africa Liquid Nitrogen Historical Market: Breakup by Country (USD Billion), 2016-2020
21. Middle East and Africa Liquid Nitrogen Market Forecast: Breakup by Country (USD Billion), 2021-2026
22. North America Historical Price Trends and Forecast 2016-2026
23. Europe Historical Price Trends and Forecast 2016-2026
24. Asia Pacific Historical Price Trends and Forecast 2016-2026
25. Latin America Historical Price Trends and Forecast 2016-2026
26. Middle East and Africa Historical Price Trends and Forecast 2016-2026
27. Global Liquid Nitrogen Market Structure
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