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Fastest-Growing Segment for Liquid Nitrogen During the Review Period

Liquid Nitrogen Market by End-Use Industry (Chemicals & Pharmaceuticals), by Storage, Distribution & Transportation (Cylinder & Packaged Gas), by Function (Coolant, Refrigerant), by Production Technology (Cryogenic Distillation) - Global Forecast to 2020

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Fastest-Growing Segment for Liquid Nitrogen During the Review Period

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  1. Liquid Nitrogen Market by End-Use Industry (Chemicals & Pharmaceuticals), by Storage, Distribution & Transportation (Cylinder & Packaged Gas), by Function (Coolant, Refrigerant), by Production Technology (Cryogenic Distillation) - Global Forecast to 2020 Speak To Analyst

  2. The liquid nitrogen market is projected to grow from USD 12,483.7 Million in 2015 to USD 16,144.6 Million by 2020, at an estimated CAGR of 5.28%. The liquid nitrogen market is expected to grow rapidly in accordance with the growth in the industrial gas market globally. Liquid nitrogen is used as a cryogen, wherever low temperatures is required.  It is widely used in cryosurgeries, cryotherapies, and cryopreservation to destroy decayed tissues and to remove warts, moles, skin tags, verrucas, and some skin cancers.  Additionally, it is used as a coolant in temporary shrinking of mechanical gears at the time of machine assembly, thus make better intrusion fits.  This function is expected to foster the demand for liquid nitrogen during the forecast period. This report aims at estimating the market size and future growth potential of the liquid nitrogen market across different segments such as function, production technology, end-use industry, distribution mode, and region.

  3. Chemicals & pharmaceuticals segment to gain maximum traction during the forecast period. The chemicals & pharmaceuticals segment is projected to be the fastest-growing end-use industry in the next five years. Furthermore, due to the growth of the pharmaceuticals industry, liquid nitrogen is extensively used to cool reactors filled with catalyst at the time of repair works and retain the required cold reaction temperatures. The liquid nitrogen market is also projected to witness growth in the healthcare, food & beverages, and rubber & plastic sectors, during the forecast period. REQUEST BUNDLE REPORTS

  4. Scope of the Report : • The research report segments the liquid nitrogen market to following submarkets: • By End-use Industry:  • Chemicals & pharmaceuticals • Food & beverage • Healthcare • Metal manufacturing & construction • Rubber & Plastic • Others (electronics and energy)

  5. By storage, distribution, and transportation: • Cylinder & packaged distribution • Merchant liquid distribution • Tonnage distribution • By Function: • Coolant • Refrigerant Download PDF Brochure

  6. By Manufacturing Process: • Cryogenic distillation • Pressure swing adsorption • By Region: • North America • Europe • Asia-Pacific • RoW GET 10% FREE CUSTOMIZATION ON THIS REPORT !!!

  7. Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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