Liquid Nitrogen Market to grow at 5.8% CAGR from 2018 to 2025 - PowerPoint PPT Presentation

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Liquid Nitrogen Market to grow at 5.8% CAGR from 2018 to 2025

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More Information @ On-site production accounted for the largest liquid nitrogen market share in 2017 as key end-user sectors requires bulk liquid nitrogen on daily operations. It is cost effective and environment friendly process, owing to which it shall grow with a highest CAGR during the forecast period. – PowerPoint PPT presentation

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Date added: 12 December 2018
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Title: Liquid Nitrogen Market to grow at 5.8% CAGR from 2018 to 2025


1
Liquid Nitrogen Market to hit US 17 bn by 2025
Global Market Insights Inc.
2
Industry Overview
  • Liquid Nitrogen Market to exceed USD 17 billion
    by 2025 driven by increasing automobile
    manufacturing in Asia Pacific. Global liquid
    nitrogen market will be driven by rapidly growing
    pharmaceutical industry. Liquid nitrogen finds
    use pharmaceutical industry in many different
    processes and applications starting from raw
    material preparation to packaging. Pharmaceutical
    is a one of the largest and significantly growing
    industry across the globe. Food beverages
    industry was the major product end-user in 2017
    and forecast to grow with a prominent CAGR in
    next few years. Growing population, technological
    advancements, streamlined manufacturing processes
    and improved cold chain facilities shall fuel the
    growth of pharmaceutical industry in coming
    years.
  • However, high cost related to the liquid nitrogen
    transportation is likely the hamper the product
    demand during the forecast period. In addition,
    increasing fuel prices may hamper the liquid
    nitrogen market demand in near future. Upward
    trend in the fuel prices increases the bulk and
    packaged liquid nitrogen transportation cost and
    may propel demand for on-site production,
    particularly in gigantic chemical and
    pharmaceutical manufacturing facilities.

3
Continue
  • On-Site production was having the largest market
    share in liquid nitrogen market in 2017 and
    forecast to grow with a highest CAGR. This can be
    attributed to the various benefits of the on-site
    production, such as low cost, easy availability
    of the product and flexibility in the production.
    Packaged liquid nitrogen demand will gain the
    significant market share in global liquid
    nitrogen market, owing to the strong distribution
    network and increase product applications in the
    various end-use segments.
  • Chemical pharmaceutical was the largest end-use
    segment in liquid nitrogen market and it shall
    create the major chunk of product demand over the
    forecast period. This can be attributed to the
    usage of the liquid nitrogen in chemical and
    pharmaceutical manufacturing. Liquid nitrogen in
    metal fabrication used to reduce the heat
    generated while manufacturing the metals. Owing
    to its high-pressure properties liquid nitrogen
    finds major application in the oil gas. It is
    used in both onshore and offshore operations.
    Liquid nitrogen is used to prevent flammable
    gases from igniting and to protect the tubulars
    from downhole corrosion. In addition, it used to
    support the drilling operations of shale gas.

4

Browse Full Market Research Report Of Liquid
Nitrogen Market _at_ https//bit.ly/2u9OjwD
Request for a Sample of this Research
report _at_ https//bit.ly/2SFOMAv
5
U.S. liquid nitrogen market size, by
transportation, 2014 - 2025 (USD Million)

6
Industry Coverage

7
Continue
  • Asia Pacific liquid nitrogen market shall grow
    with a highest CAGR during the forecast timespan,
    owing to the growth of end-use industries in the
    region. China is having the largest market share
    in global automobile manufacturing and is growing
    with prominent CAGR. Pharmaceutical is the
    largest product end-user and shall create the
    major liquid nitrogen demand in near future.
  • North America was another major region in 2017
    and will grow with a significant growth rate.
    This can be attributed to the rapidly increasing
    oil gas industry in the region. Liquid nitrogen
    plays an important role in discovery and
    manufacturing of shale gas. Since 2014, the U.S.
    have started the production of shale gas from its
    northern regions at rapid pace. This increased
    production of oil gas in North America is
    likely to fuel the liquid nitrogen market growth
    in the region.
  • Global liquid nitrogen market comprises many
    large multinational players as well as mid-scale
    and small-scale vendors. Some prominent players
    operating in the industry are Taiyo Nippon Sanso
    Corporation, Southern Industrial Gas Berhad,
    Emirates Industrial Gas Co. LLC, Air Liquide
    S.A., Nexair LLC, Messer Group, Linde Ag, Gulf
    Cryo, Praxair Inc. and Air products and Chemical
    Inc.

8
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