DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Liquid Nitrogen Market Analysis By Technology (Cryogenic Distillation, Pressure Swing Adsorption), By Function (Coolant, Refrigerant), By Storage & Distribution, By End-use, And Segment Forecasts, 2014 - 2025" report to their offering.
The global liquid nitrogen market is expected to reach USD 21.3 billion by 2025
Globally, increasing consumption of electronic goods has been a major factor driving the market growth. In addition, growing healthcare industry has led to increase in demand for liquid nitrogen.
Due to its low temperature property it is used as a cryogen in cryotherapies, cryosurgeries, and cryopreservation to remove skin tags, warts, verrucae, skin cancers, and moles in addition to demolishing the decayed tissues. Liquid nitrogen shrink fitting solutions are one of the best fitted solutions for joining of two metals which cannot be welded, cemented or soldered.
Rising demand in various application sectors including automotive, metals & fabrication, rubber & plastic, healthcare, electronics, construction, and food & beverages is projected to propel the market over the coming years. Rapid industrialization, infrastructural, and medical activities is anticipated to augment the market growth from 2017 to 2025.
Coolant function was projected to be the largest segment over the forecast period with a market share of 61.1% in terms of revenue in 2016. It is used in large number of applications to maintain low temperature such as food & beverages, electronics, chemicals, storage medium, healthcare, and metal fabrication to maintain low temperatures.
Key players including, The Linde Group, Praxair Inc., Air Liquide S.A. and Air Products & Chemicals dominated the global liquid nitrogen market while accounting formajor share of the total volume in 2016
Key Topics Covered:
1. Methodology and Scope
2. Executive Summary
3. Liquid Nitrogen Industry Outlook
4. Liquid Nitrogen Market: Technology Outlook
5. Liquid Nitrogen Market: Function Outlook
6. Liquid Nitrogen Market: Storage Outlook
7. Liquid Nitrogen Market: End-use Outlook
8. Liquid Nitrogen Market: Regional Outlook
9. Competitive Landscape
10. Company Profiles
- The Linde Group
- Praxair Inc.
- Air Liquide S.A.
- Air Products and Chemicals, Inc
- Gulf Cryo
- Southern Industrial Gas Berhad
- Messer Group
- Emirates Industrial Gases Co.LLC
- Taiyo Nippon Sanso Corporation
- Nexair LLC
For more information about this report visit https://www.researchandmarkets.com/research/4hf7wl/liquid_nitrogen