Global Liquid Nitrogen Market is forecast to exceed USD 17.2 billion by 2025; according to a new research report.

Global liquid nitrogen market 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 of liquid nitrogen 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 demand in chemical & pharmaceutical is forecast to remain the highest during the forecast period.

However, stringent regulations regarding product usage in the food & beverages are likely to hamper the product demand over the forecast timespan. Many governments and government-controlled agencies are banning the usage of liquid nitrogen in food & beverages industry. For instance, government of Haryana (India) banned the usage of liquid nitrogen in food & drinks, due to its adverse effect on the human health. Many other states in India are likely to follow the Haryana?s footstep in near future.

On-Site production was the major transportation segment in 2017 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 its 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 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. Liquid nitrogen 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.

Asia Pacific created the major chunk of product demand in 2017 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 liquid nitrogen demand in near future. North America liquid nitrogen demand 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.

Liquid Nitrogen research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue in Million Liters and USD million from 2014 to 2025, for the following segments:
Liquid nitrogen market, transportation by end-user

  • ·On-Site Production
    Automotive
    Chemical & Pharmaceutical
    Rubber & Plastic
    Food & Beverages
    Healthcare
    Metal Fabrication
    Oil & Gas
    Others
  • ·Bulk Liquid
    Automotive
    Chemical & Pharmaceutical
    Rubber & Plastic
    Food & Beverages
    Healthcare
    Metal Fabrication
    Oil & Gas
    Others
  • ·Packaged


Automotive
Chemical & Pharmaceutical
Rubber & Plastic
Food & Beverages
Healthcare
Metal Fabrication
Oil & Gas
Others
Plant growth regulators market by end-user
Automotive
Chemical & Pharmaceutical
Rubber & Plastic
Food & Beverages
Healthcare
Metal Fabrication
Oil & Gas
Others
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The above information is provided on a regional and country basis for the following:

  • ·North America
    U.S.
    Canada
  • ·Europe
    Germany
    UK
    France
    Spain
    Italy
    Russia
  • ·APAC
    China
    India
    Japan
    Australia
    Indonesia
    Malaysia
  • ·LATAM
    Brazil
    Mexico
  • ·MEA
    South Africa
    Saudi Arabia
    UAE