Revenue of liquid nitrogen market to go past $17.2 billion-mark by 2025

Asia Pacific liquid nitrogen market accounted for the major chunk and is anticipated to grow with a highest CAGR during the forecast period owing to increasing automobile manufacturing in the region.

Selbyville, Delaware, USA – June 11, 2019 /MarketersMedia/ —

Global liquid nitrogen market size will be driven by rapidly growing food & beverages industry across the globe. It is used in the food & beverages to freeze the food products rapidly and to preserve & transport it. Owing to the increasing population and shift in consumer preferences, food & beverages industry is likely to grow with a significant CAGR.

Chemical & pharmaceutical was the major end-user in 2017. This can be attributed to the increasing usage of liquid nitrogen in pharmaceutical industry. It is used in the pharmaceutical industry from raw material preparation to the final product packaging. Liquid nitrogen market demand in chemical & pharmaceutical is forecast to remain the highest during the forecast period.

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On-Site production is the major transportation segment and shall grow with a highest CAGR during the forecast period. Remoteness is removed by the on-site production and it gives flexibility in production. In addition, it is cost effective and more environment friendly method, owing to which it is likely to grow with a highest CAGR in next few years. It is the most convenient mode of transportation to the end-users who need liquid nitrogen in bulk and on daily basis.

Automobile end-use segment in the liquid nitrogen market is projected to grow with a highest CAGR over the forecast period. This can be attribute to the rapidly growing automobile industry in Asia Pacific. Automobile manufacturers are trying to manufacture the engines which will run on the liquid nitrogen. It is an environment friendly and cost-effective alternative for petroleum-based fuel. Rubber & plastic manufacturing will create major product demand during the forecast period, owing to the growing rubber & plastic production across the globe from past few years.

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Asia Pacific created the major chunk of liquid nitrogen market demand and is anticipated to grow with a highest CAGR over the forecast period. This can be attributed to the increasing automobile manufacturing in the region. More than half of the global passenger & commercial vehicles are manufactured in Asia Pacific. This exponential size of the automobile industry shall fuel the market demand in near future. North America liquid nitrogen market size shall grow with a healthy CAGR, owing to its matured food & beverage industry and increasing demand for the ready to eat products in the region.

Many multinational giants and local companies are operating in the liquid nitrogen market. Some prominent players working in the industry are Air Liquide S.A., Taiyo Nippon Sanso Corporation, Messer Group, Southern Industrial Gas Berhad, Emirates Industrial Gas Co. LLC, Linde Ag, Gulf Cryo, Nexair LLC, Praxair Inc. and Air products and Chemical Inc.

Browse key industry insights spread across 146 pages with 243 market data tables & 18 figures & charts from the report, “Liquid Nitrogen Market Size By Transportation (On-Site Production, Bulk Liquid, Packaged), By End-user (Automotive, Chemical & Pharmaceutical, Rubber & Plastic, Food & Beverages, Healthcare, Metal Fabrication, Oil & Gas) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, Saudi Arabia, UAE), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/liquid-nitrogen-market

Table of Contents (ToC) of the report:
Chapter 3. Liquid Nitrogen Market Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2014 – 2025
3.3. Industry ecosystem analysis
3.3.1. Manufacturing trends
3.3.2. Profit margin
3.3.3. Value addition
3.3.4. Distribution channel analysis
3.3.5. Vendor matrix
3.3.5.1. List of key manufacturers/distributors
3.3.5.2. List of key end-users
3.4. Innovation & sustainability
3.4.1. Patent analysis
3.4.2. Technology landscape
3.4.3. Future trends
3.5. Industry impact forces
3.5.1. Growth drivers
3.5.1.1. Strong growth indicators in pharmaceutical industry
3.5.1.2. Increasing automobile manufacturing in Asia Pacific
3.5.1.3. Strong product demand in rubber & plastic manufacturing
3.5.2. Industry pitfalls & challenges
3.5.2.1. Increasing transportation cost
3.6. Regulatory landscape
3.6.1. U.S.
3.6.2. China
3.6.3. Europe
3.7. Growth potential analysis
3.8. Regional price trends
3.8.1. Cost structure analysis
3.8.1.1. R&D cost
3.8.1.2. Manufacturing & equipment cost
3.8.1.3. Raw material cost
3.8.1.4. Distribution cost
3.8.1.5. Operating cost
3.8.1.6. Miscellaneous cost
3.8.2. Price by transportation
3.8.3. Price by end-user
3.9. Competitive landscape, 2017
3.9.1. Company market share analysis, 2017
3.9.2. Brand analysis
3.9.3. Key stakeholders
3.9.4. Strategic dashboard
3.10. Porter’s analysis
3.10.1. Supplier end-user
3.10.2. Buyer end-user
3.10.3. Threat of new entrants
3.10.4. Threat of substitutes
3.10.5. Industry rivalry
3.11. PESTEL analysis
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/liquid-nitrogen-market

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