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.
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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 Market will indirectly increase due to increased demand of products like food, aerated beverages and electronics.
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Ø Linde Ag
Ø Praxair Inc.
Ø Air Liquide S.A.
Ø Nexair LLC
Ø Taiyo Nippon Sanso Corporation
Ø Messer Group
Ø Air Products and Chemicals Inc.
Ø Gulf Cryo
Ø Emirates Industrial Gases Co. LLC.
Ø 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.
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