Liquid Nitrogen Market Scope
Nitrogen present in a liquid state at an extremely low temperature is known as liquid nitrogen. It is colorless in nature and is a cryogenic liquid, which when in contact with living cells can cause rapid freezing. Owing to this property, liquid nitrogen is widely used as a coolant. Liquid nitrogen is used in several industries owing to its inertness and extremely low-temperature levels. Further, rising applications of liquid nitrogen in cryotherapies, cryosurgeries, and cryopreservation for curing skin, removing skin tags, skin cancers, and moles and other sectors is driving the Global Liquid Nitrogen market.
According to AMA, the Global Liquid Nitrogen market is expected to see growth rate of 5.25%
Nexair LLC. (United States), Taiyo Nippon Sanso Corporation (Japan), Air Products and Chemicals Inc. (United States), Gulf Cryo (United Arab Emirates), Emirates Industrial Gases Co. LLC. (United Arab Emirates), Southern Industrial Gas BHD (Malaysia), Linde Ag (Germany), Praxair Inc., (United States) and Air Liquide S.A. (France) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Liquid Nitrogen market by Type (Cryogenic Distillation and Pressure Swing adsOrption), by Application (Food Industry, Medical Industry, Fertilizer Industry, Scientific Research and Other) and Region with country level break-up.
On the basis of geography, the market of Liquid Nitrogen has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In May 2019 VRV Asia Pacific manufactured the storage tank with a Liquid Nitrogen (LIN) shield, in a collaborative effort with Satish Dhawan Space Centre (SDSC) SHAR, under the Make in India initiative.
In March 2017, BOC, a member of Linde Group installed CRYILINE MT 5-600 quick freezing tunnels and 8,000-litre liquid nitrogen vessels at Westerway Raspberry Farm, Australia. With this technology, the quality of the frozen berry increases when compared to the blast freezing.
- Demand for Bulk Liquid Nitrogen in Research Laboratories
- Growing Population, Technological Advancements, Streamlined Manufacturing Processes and Improved Cold Chain Facilities
- Rapidly Growing Healthcare Industry
- Increasing use of Electronic Device in the Medical Sector
- The Demand for Liquid Nitrogen in Transport and Food Industry
- Use in Onshore and Offshore Operations and Huge Demand of Coolants
- Increasing Demand in Chemical Industry
- Increasing Fuel Prices
- High Cost of Production of Liquid Nitrogen
- Risk of Accidents while Coming in Contact with Liquid Nitrogen
Key Target AudienceLiquid Nitrogen Manufacturers, Research Laboratories, Automotive, Food and Beverage Industry, Industry Associations, Downstream Vendors, Potential Investors and Government and Regulatory Bodies