MRO Magazine

$16 Billion Liquid Nitrogen Market 2016-2020 by End-Use Industry, Storage, Distribution & Transportation, Function & Production Technology – Research and Markets


February 2, 2016
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/qws8k8/liquid_nitrogen) has announced the addition of the “Liquid Nitrogen Market by End-Use Industry, by Storage, Distribution & Transportation, by Function, by Production Technology – Global Forecast to 2020” report to their offering.

The Liquid Nitrogen Market Size is Projected to Grow from USD 12.48 Billion in 2015 to USD 16.14 Billion by 2020 at a CAGR of 5.28%

The liquid nitrogen market is growing rapidly in accordance with the growth in the industrial gas market. Liquid nitrogen is used as a cryogen, wherever low temperatures are needed. It is used in cryosurgeries, cryotherapies, and cryopreservation to destroy decayed tissues and for removing warts, moles, skin tags, verrucae, and some skin cancers. Furthermore, it is used as a coolant in temporary shrinking of mechanical gears at the time of machine assembly, to make better intrusion fits.

This function is projected to foster the demand for liquid nitrogen during the forecast period. The report aims at estimating the market size and future growth potential of the liquid nitrogen market across different segments such as function, end-use industry, production technology, distribution mode, and region. The base year considered for the study is 2014 and the market size is projected from 2015 to 2020. Factors such as growing industrialization and burgeoning energy markets and medical sector are expected to be the major drivers of the liquid nitrogen market in the next five years.

The liquid nitrogen ecosystem comprises liquid nitrogen companies such as Linde Ag (Germany), Praxair Inc., (U.S.) Air Liquide S.A. (France), Nexair LLC. (U.S.), Taiyo Nippon Sanso Corporation (Japan), Air Products and Chemicals Inc. (U.S.), Gulf Cryo (United Arab Emirates), Emirates Industrial Gases Co. LLC. (United Arab Emirates), and Southern Industrial Gas BHD (Malaysia).

Scope of the Report

By end-use industry:

– Chemicals & pharmaceuticals

– Food & beverages

– Healthcare

– Metal manufacturing & construction

– Rubber & plastic

– Others (electronics and energy)

By storage, distribution, and transportation:

– Cylinder & packaged distribution

– Merchant liquid distribution

– Tonnage distribution

By function:

– Coolant

– Refrigerant

By manufacturing process:

– Cryogenic distillation

– Pressure swing adsorption

Companies Mentioned

– Air Liquide S.A.

– Air Products and Chemicals, Inc.

– Emirates Industrial Gases Co. LLC

– Gulf Cryo

– Messer Group

– Nexair LLC

– Praxair Inc.

– Southern Industrial Gas Berhad

– Taiyo Nippon Sanso Corporation

– The Linde Group

For more information visit http://www.researchandmarkets.com/research/qws8k8/liquid_nitrogen

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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