Data Bridge Market Research analyses that the liquid nitrogen market which was USD 16,779.00 million in 2022, would rocket up to USD 24,790.22 million by 2030, and is expected to undergo a CAGR of 5.0% during the forecast period of 2023 to 2030.
Industry Analysis
The liquid nitrogen market consists of the production, distribution, and use of extremely cold nitrogen gas in liquid form. It is produced through cryogenic distillation that is further stored in insulated containers, and used in various industries. It is used for freezing and preserving food, biological samples cryopreservation, and pharmaceutical applications among others. Liquid nitrogen can cool rapidly and maintain product quality across medical treatments and different industrial processes that require low temperatures.
“Coolant” dominates the function segment of the liquid nitrogen market owing to the extensive use of liquid nitrogen in different industries for freezing and preserving products and for cryosurgery and cryopreservation in the medical field. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
Global Liquid Nitrogen Market Scope
The liquid nitrogen market is segmented on the basis of function, production technology, storage, distribution and transportation, and end-use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Function (Coolant, Refrigerant), Production Technology (Cryogenic Distillation, Pressure Swing Adsorption), Storage, Distribution and Transportation (Cylinders and Packaged Gas, Merchant Liquid/Bulk, Tonnage), End-use Industry (Healthcare, Food and Beverages, Chemicals and Pharmaceuticals, Metal Manufacturing and Construction, Rubber and Plastic, Others)
Function
Coolant
Refrigerant
Production Technology
Cryogenic Distillation
Pressure Swing Adsorption
Storage, Distribution, and Transportation
Cylinders and Packaged Gas
Merchant Liquid/Bulk
Tonnage
End-use Industry
Healthcare
Food and Beverages
Chemicals and Pharmaceuticals
Metal Manufacturing and Construction
Rubber and Plastic
Others
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Liquid Nitrogen Market Regional Analysis/Insights
The Liquid Nitrogen market is analysed and market size insights and trends are provided by application and substrate and are referenced above.
The countries covered in the Liquid Nitrogen market report are U.S., Canada, and Mexico in North America, Brazil, Argentina, and Rest of South America in South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, and Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific in Asia-Pacific, and U.A.E, Saudi Arabia, Egypt, South Africa, Israel, and Rest of the Middle East and Africa in Middle East and Africa.
North America is expected to dominate the liquid nitrogen market because of the increasing adoption of liquid nitrogen in various application areas such as food preservation, pharmaceuticals, and manufacturing.
Asia-Pacific is expected to witness significant growth during the forecast period of 2023 to 2030 due to the growing healthcare industry and booming industrial growth.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Liquid Nitrogen Market Share Analysis
The liquid nitrogen market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the liquid nitrogen market.
Some of the major players operating in the liquid nitrogen market are:
· Air Products and Chemicals Inc. (U.S.)
· Linde Plc (Germany)
· Praxair Technology Inc., (U.S.)
· NEXAIR. (U.S.)
· Air Liquide S.A. (France)
· Taiyo Nippon Sanso Corporation (Japan)
· Gulf Cryo (UAE)
· Emirates Industrial Gases Co. LLC. (UAE)
· Southern Industrial San Bhd (Malaysia)
· Universal Industrial Gases Inc, (U.S.)
· Yingde Gases Group (China)
· Messer Group (Germany)
· AMCS Corporation (U.S.)
· Statebourne Cryogenics (U.S.)
· AIGA (Singapore)
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MAJOR TOC OF THE REPORT
Ø Chapter One: Introduction
Ø Chapter Two: Market Segmentation
Ø Chapter Three: Market Overview
Ø Chapter Four: Executive Summary
Ø Chapter Five: Premium Insights
Ø Chapter Six: Global Liquid Nitrogen Market by Product & Procedure type
Get TOC Details: https://www.databridgemarketresearch.com/toc/?dbmr=global-liquid-nitrogen-market
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