Liquid Nitrogen Market – Growth Opportunities and Challenges 2018-2024

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Liquid Nitrogen Market Price, Trends, Industry
Outlook Forecast 2018-2024
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Key Insights from Liquid Nitrogen Market

• It is the largest volume of inorganic chemical
  sold in the world. Nitrogen is used mostly in the
  gaseous form however, it is commonly stored and
  transported as a liquid form in several types of
  cryogenic containers such as liquid cylinder,
  dewar and liquid tank. Container type depends
  upon the quantity required by the end user. It is
  produced at an air separation plant.
• Increasing demand for a liquid nitrogen in food
  preservation and chemical pharmaceutical
  industry is anticipated to drive the liquid
  nitrogen market in the coming years. Product is
  used to cool and preserve items in food
  beverage industry.
• Liquid nitrogen properties help to increase the
  shelf life of the product. Due to low initial
  investment, non-adverse effects on environment
  and to supply quality food to the rising
  population, it is likely to be used widely in
  food beverage industry during the forecast
  period.

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Continued...

• Liquid nitrogen is used in various industries
  such as chemicals, pharmaceuticals, food
  beverage, metal manufacturing, construction,
  electronics, energy, rubber plastic, healthcare
  and others. Among which metal manufacturing
  segment was the largest end-user in 2016.
  Increasing use of liquid nitrogen as an
  industrial gas in fabrication and metal refining
  process is projected to spur the market growth
  rate during the forecast timeframe.
• Cryogenic is technique of using temperature as
  low as -180-degree celsius in applications such
  as healthcare, chemical, construction,
  automotive, electronics and pharmaceutical.

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Major Companies in Liquid Nitrogen Market

• The Linde Group
• Praxair Technology Inc.
• Air Liquide
• NexAir LLC
• Taiyo Nippon Sanso Corporation
• Messer Group
• Air Products and chemicals, Inc.
• Gulf Cryo
• Southern Industrial Gas Sdn Bhd

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Regional Insights in Liquid Nitrogen Market

• North America led the global liquid nitrogen
  market in 2016. Rising development activities
  coupled with increasing manufacturers suppliers
  in the region shall propel the product demand
  over the forecast period.
• Asia Pacific was the second largest product
  market after North America and it is likely to be
  the fastest growing region over the forecast
  period. Increasing population and disposable
  income have spurred the demand for liquid
  nitrogen in construction, electronics, food
  beverage and pharmaceutical sector in recent
  times. This region comprises about 60 of the
  world population due to which food processing and
  preservation is projected to become a major
  product application. Other industries in the
  region are also experiencing boom owing to rapid
  industrialization and infrastructure development.
  China was the largest supplier of liquid nitrogen
  in the region.
• Europe is likely to be another attractive region
  due to its prominent plastic, automobile, rubber,
  fabrication and metal industries.

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