Liquid Nitrogen Market Overview
In 2022, the Liquid Nitrogen Market was valued at US$17.16 billion. One of the leading markets for liquid nitrogen worldwide is coolant liquid nitrogen.
Liquid nitrogen has a very low temperature and high pressure. In addition to having a very low temperature, liquid nitrogen is a cryogenic liquid. Liquified gases with a boiling point below -90°C (-130°F) are known as cryogenic liquids. Liquid nitrogen has a boiling point of -196°C (-320°F). Specialized tools and supplies are required for the handling and storage of liquid nitrogen. Liquid nitrogen is stored in certain sealed containers to prevent pressure buildup. Depending on the design, the Dewar flask can be kept for a few weeks or just a few hours.
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Liquid Nitrogen Market Report Scope and Research Methodology
The technology adoption, financial standing, portfolio, merger and acquisition, joint ventures and strategic alliances are covered in the competitive environment for the Liquid Nitrogen market. A thorough report includes the drivers, restraints, opportunities, and challenges of the Liquid Nitrogen market. To understand Liquid Nitrogen market estimations and growth rates, a bottom-up approach was used in the report.
Dynamics of the Global Liquid Nitrogen Market:
The market for liquid nitrogen is being driven by the automobile industry's explosive rise. Since automobile emissions contribute significantly to the rapidly increasing global air pollution, an architect or planner should think about alternatives to the current conventional fuel automobiles. Liquid nitrogen is so frequently used as a coolant in cars. resulting in an increase in the product's demand worldwide.
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Liquid Nitrogen Market Segmentation
by Function
Coolant
Refrigerant
The market for liquid nitrogen is divided into two segments based on function: refrigerant and coolant. With a revenue share of more than 62%, the Coolant category led the market in 2022. Food and drink, electronics, chemicals, storage media, healthcare, and metal fabrication are just a few of the many industries that employ it to sustain low temperatures. Additionally, the nitrogen market is expanding for this segment due to the perfect properties of liquid nitrogen and its broad applicability in a variety of end-use verticals.
by Manufacturing Process
Cryogenic Distillation
Pressure Swing Adsorption
by End-User
Chemical and Pharmaceuticals
Healthcare
Food and Beverage
Metal Manufacturing and Construction
Rubber and Plastics
Others
Liquid Nitrogen Market Key Players
1. Air Products and Chemicals Inc.
2. Linde Ag
3. Praxair Inc.,
4. Nexair LLC
5. Air Liquide S.A.
6. Taiyo Nippon Sanso Corporation
7. Gulf Cryo
8. Emirates Industrial Gases Co. LLC.
9. Southern Industrial Gas BHD
10.The Linde Group
11.Messer Group
12.AMCS Corporation
13.Statebourne Cryogenics Ltd
14.Asia Industrial Gases Pte. Ltd.
Regional Analysis
The Liquid Nitrogen market report comprises an extensive analysis of the Liquid Nitrogen industry across five primary world regions are Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. It delves into the market's key geographies and highlights notable segments and sub-segments within the industry.
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Key Questions answered in the Liquid Nitrogen Market Report are:
- What is Liquid Nitrogen Market?
- What is the forecast period of the Liquid Nitrogen Market?
- What is the competitive scenario of the Liquid Nitrogen market?
- Which region held the largest market share in the Liquid Nitrogen Market?
- What are the opportunities for the Liquid Nitrogen Market?
- What are the restraining factors in the Liquid Nitrogen market?
- Who are the key players of the Liquid Nitrogen market?
Key offerings:
- Market Share, Size, and Forecast by Revenue
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Liquid Nitrogen
- Landscape- Leading key players and other prominent key players.
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