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global-liquid-nitrogen-market

Global Liquid Nitrogen Market [By Function Type (Refrigerant, Coolant); By Processing Technology (Pressure Swing Adsorption, Cryogenic Distillation); By End-Use (Food & Beverages, Healthcare, Metal Manufacturing & Construction, Chemicals & Pharmaceuticals, Rubber & Plastic and Others); By Regions]: Market size & Forecast, 2017 – 2026

Published: May 2018
Pages: 100
Format: PDF
Report ID: PM1294
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Report Summary

The Global Liquid Nitrogen Market is anticipated to grow at a CAGR of 4.3% between 2018 and 2026. Liquid nitrogen has been the inorganic and biggest volume chemical sold worldwide, which is used for technical and commercial applications. Nitrogen in liquid state is used for freezing of food, grinding and deflashing of rubber and plastic, metal treating, cooling, pulverization, biological sample preservation, and other temperature-related applications. It is also used for combating fire in coal mines thus enhancing ire safety eliminating the risk of losing huge quantity of natural resources, and stopping the release of toxic gases and fumes that might damage the environment. It is applicable for extensive cooling in several industrial processes and for the food industry where cold storage of crucial importance. Liquid nitrogen also helps in cooling several types of mechanical equipment which are required to be kept extremely cold environment and also for snap-freezing food products such as hamburger patties, chicken and fruits preserved for out of season. Moreover, inert liquid nitrogen blankets are applied over highly reactive liquids that are stored in tankers, in varnish producers and within potato chip packets.

Liquid nitrogen is intended for use as a cryogen in medical and pharmaceutical applications due to the cold temperature of the liquid. The boiling point of liquid nitrogen is -196ºC. The most ordinary application segments for cryotherapies applying liquid nitrogen include common external skin conditions include removal of moles, warts, skin tags, verrucas. More serious external ailments can also be addressed with this technique, such as solar keratoses and small skin cancers.

North America Liquid Nitrogen Market Share By End-Use, 2017-2026

North America Liquid Nitrogen Market Share By End-Use, 2017-2026

Segment Analysis

The global liquid nitrogen market has been segmented based on function, processing technology and end-use. The market is further segmented into two types of function including refrigerant and coolant. By processing technology the market is further segmented into pressure swing adsorption and cryogenic distillation. End-use is further bifurcated into food & beverages, healthcare, manufacturing & construction, chemicals & pharmaceuticals, rubber & plastic and others. Cryogenic distillation was the largest segment by processing technology owing to its cost-effective nature compared to the other technologies for production of several industrial gases. Coolant was the largest segment in liquid nitrogen market and was the largest functional segment owing to its use in several applications such as immense, injection and spray cooling.

Metal manufacturing and construction was the largest application segment in 2017 in the liquid nitrogen market. Technological development and increasing application of liquid nitrogen in fabrication processes and metal refining is anticipated to be the major factors driving product demand in this application segment.

SAMPLE TABLE
North America Liquid Nitrogen Market, By End-Use, 2017 - 2026 
(USD Million)

North America Liquid Nitrogen Market, By End-Use, 2017 - 2026 (USD Million)

Regional Analysis

The liquid nitrogen market is further segmented by region. North America was the leading regional market in 2017. This region is home to most of the world’s top and other leading food manufacturing and metal processing companies. Further expansion of the manufacturing sector in the region especially in Mexico and the U.S. are anticipated to be the yet another reasons. Asia Pacific regional market is projected to develop rapidly owing to its developing manufacturing base and presence of several growing economies in the region. China is anticipated to be the largest market in the region. It is the leading nitrogen supplier of Asia Pacific region. Construction, pharmaceuticals, food manufacturing, metal processing are some of the primary end-use industries expected to drive product demand over the forecast period. Europe is expected to experience a sluggish growth over the forecast period. Pharmaceutical industry is anticipated to be the potential end-use segment of this region.

Competitive Analysis

Some of leading industry participants operating currently in the liquid nitrogen market includes Nexair LLC, Taiyo Nippon Sanso Corporation, Emirates Industrial Gases Co. LLC, Messer Group, Southern Industrial Gas Berhad, Gulf Cryo, Air Products and Chemicals, Inc., Air Liquide S.A., Praxair Inc., and the linde group.

Key questions answered by the report

  • What is the current size and forecasts of liquid nitrogen market?
  • What is the market opportunity for liquid nitrogen?
  • How big is the size of end-use for liquid nitrogen market?
  • How much is the estimated liquid nitrogen market in North America during the forecast period?
  • What are the companies in this market and how are they classified?
  • What are the available opportunities and who are the top market players in this space?

Table of Contents

  1. Overview and Scope
    1. Research goal & scope
    2. Research assumptions
    3. Research Methodology
      1. Primary data sources
      2. Secondary data sources
    4. Key take-away
    5. Stakeholders
  2. Executive Summary
    • Market Definition
    • Market Segmentation
  3. Liquid Nitrogen Market Insights
    1. Liquid Nitrogen– Industry snapshot
    2. Liquid Nitrogen -Ecosystem analysis
    3. Liquid Nitrogen market dynamics
      1. Liquid Nitrogen– Market Forces
        1. Liquid Nitrogen Market driver analysis
        2. Liquid Nitrogen Market restraint/challenges analysis
        3. Liquid Nitrogen Market opportunity analysis
      2. Industry analysis - Porter's five force
        1. Bargaining power of supplier
        2. Bargaining power of buyer
        3. Threat of substitute
        4. Threat of new entrant
        5. Degree of competition
      3. Liquid Nitrogen market PEST analysis, 2017
      4. Liquid Nitrogen market Value Chain analysis
      5. Liquid Nitrogen Industry trends
      6. Competitive Ranking Analysis
  4. Liquid Nitrogen Market Size and Forecast by Function
    1. Key Findings
    2. Refrigerant
      1. Global Market Estimates and Forecasts, 2017-2026
    3. Coolant
      1. Global Market Estimates and Forecasts, 2017-2026
  5. Liquid Nitrogen Market Size and Forecast by Processing Technology
    1. Key Findings
    2. Pressure Swing Adsorption
      1. Global Market Estimates and Forecasts, 2017-2026
    3. Cryogenic Distillation 
      1. Global Market Estimates and Forecasts, 2017-2026
  6. Liquid Nitrogen Market Size and Forecast by End-Use
    1. Key Findings
    2. Food & Beverages
      1. Global Market Estimates and Forecasts, 2017-2026
    3. Healthcare
      1. Global Market Estimates and Forecasts, 2017-2026
    4. Metal Manufacturing & Construction 
      1. Global Market Estimates and Forecasts, 2017-2026
    5. Chemicals & Pharmaceuticals 
      1. Global Market Estimates and Forecasts, 2017-2026
    6. Rubber & Plastic
      1. Global Market Estimates and Forecasts, 2017-2026
    7. Others
      1. Global Market Estimates and Forecasts, 2017-2026
  7. Liquid Nitrogen Market Size and Forecast by Regions
    1. Key findings
    2. North America
      1. Liquid nitrogen market by function type, 2017 - 2026
      2. Liquid nitrogen market by processing type, 2017 - 2026
      3. Liquid nitrogen market by end-use type, 2017 - 2026
      4. U.S.
        1. Liquid nitrogen market by function type, 2017 - 2026
        2. Liquid nitrogen market by processing type, 2017 - 2026
        3. Liquid nitrogen market by end-use type, 2017 - 2026
      5. Canada
        1. Liquid nitrogen market by function type, 2017 - 2026
        2. Liquid nitrogen market by processing type, 2017 - 2026
        3. Liquid nitrogen market by end-use type, 2017 - 2026
    3. Europe
      1. Liquid nitrogen market by function type, 2017 - 2026
      2. Liquid nitrogen market by processing type, 2017 - 2026
      3. Liquid nitrogen market by end-use type, 2017 - 2026
      4. Germany
        1. Liquid nitrogen market by function type, 2017 - 2026
        2. Liquid nitrogen market by processing type, 2017 - 2026
        3. Liquid nitrogen market by end-use type, 2017 - 2026
      5. UK
        1. Liquid nitrogen market by function type, 2017 - 2026
        2. Liquid nitrogen market by processing type, 2017 - 2026
        3. Liquid nitrogen market by end-use type, 2017 - 2026
      6. France
        1. Liquid nitrogen market by function type, 2017 - 2026
        2. Liquid nitrogen market by processing type, 2017 - 2026
        3. Liquid nitrogen market by end-use type, 2017 - 2026
    4. Asia Pacific
      1. Liquid nitrogen market by function type, 2017 - 2026
      2. Liquid nitrogen market by processing type, 2017 - 2026
      3. Liquid nitrogen market by end-use type, 2017 - 2026
      4. China
        1. Liquid nitrogen market by function type, 2017 - 2026
        2. Liquid nitrogen market by processing type, 2017 - 2026
        3. Liquid nitrogen market by end-use type, 2017 - 2026
      5. India
        1. Liquid nitrogen market by function type, 2017 - 2026
        2. Liquid nitrogen market by processing type, 2017 - 2026
        3. Liquid nitrogen market by end-use type, 2017 - 2026
      6. Japan
        1. Liquid nitrogen market by function type, 2017 - 2026
        2. Liquid nitrogen market by processing type, 2017 - 2026
        3. Liquid nitrogen market by end-use type, 2017 - 2026
    5. Latin America
      1. Liquid nitrogen market by function type, 2017 - 2026
      2. Liquid nitrogen market by processing type, 2017 - 2026
      3. Liquid nitrogen market by end-use type, 2017 - 2026
      4. Brazil
        1. Liquid nitrogen market by function type, 2017 - 2026
        2. Liquid nitrogen market by processing type, 2017 - 2026
        3. Liquid nitrogen market by end-use type, 2017 - 2026
      5. Mexico
        1. Liquid nitrogen market by function type, 2017 - 2026
        2. Liquid nitrogen market by processing type, 2017 - 2026
        3. Liquid nitrogen market by end-use type, 2017 - 2026
    6. Middle East & Africa
      1. Liquid nitrogen market by function type, 2017 - 2026
      2. Liquid nitrogen market by processing type, 2017 - 2026
      3. Liquid nitrogen market by end-use type, 2017 - 2026
  8. Company Profiles
    1. Nexair LLC
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    2. Taiyo Nippon Sanso Corporation
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    3. Emirates Industrial Gases Co. LLC
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    4. Messer Group
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    5. Southern Industrial Gas Berhad
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    6. Gulf Cryo
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    7. Air Products and Chemicals, Inc.
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    8. Air Liquide S.A.
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    9. Praxair Inc.
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    10. The Linde Group
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments

Report Content

Qualitative Analysis

  • Industry overview
  • Industry trends
  • Market drivers and restraints
  • Market size
  • Growth prospects
  • Porter’s analysis
  • PESTEL Analysis
  • Value Chain Analysis
  • Key market opportunities prioritized
  • Competitive landscape
    • Overview
    • Financials
    • Product benchmarking
    • Latest strategic developments

Quantitative Analysis

  • Market size, estimates, and forecasts from 2017 - 2026
  • Market revenue estimates for function type up to 2026
  • Market revenue estimates for processing technology up to 2026
  • Market revenue estimates by end-use up to 2026
  • Regional market size and forecast for function type segments up to 2026
  • Regional market size and forecast for end-use segments up to 2026
  • Regional market size and forecast for processing type segments up to 2026
  • Company financials

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