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Global Liquid Nitrogen Market 2017-2021

Global Liquid Nitrogen Market 2017-2021

About Liquid Nitrogen

Liquid nitrogen is colorless, odorless, inert, non-corrosive, and non-flammable. It has extremely low temperature and does not support life. The use of nitrogen is more in its gaseous state, but it is converted into a liquid for storage and transportation as it is more cost-effective. Liquid nitrogen is stored and transported in diverse types of containers depending on the use and quantity. The various containers are dewar, cryogenic liquid cylinder, and cryogenic storage tanks.

Technavio’s analysts forecast the global liquid nitrogen market to grow at a CAGR of 5.38% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global liquid nitrogen market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Liquid Nitrogen Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Air Liquide
  • Air Products and Chemicals
  • The Linde Group
  • Praxair Technology
  • TAIYO NIPPON SANSO
Other prominent vendors
  • AIR WATER
  • Asia Technical Gas
  • Bombay Oxygen Corporation
  • BUZWAIR INDUSTRIAL GASES FACTORIES
  • Goyal MG gases
  • Gulf Cryo
  • MESSER Group
  • Southern Industrial Gas Sdn Bhd
  • Yingde Gases
Market driver
  • Increasing use of cryosurgery and cryotherapy
  • For a full, detailed list, view our report
Market challenge
  • Hazards associated with liquid nitrogen
  • For a full, detailed list, view our report
Market trend
  • Liquid nitrogen as a potential source of primary power
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Liquid Nitrogen Market 2017-2021

Technavio recognizes the following companies as the key players in the global liquid nitrogen market: Air Liquide, Air Products and Chemicals, The Linde Group, Praxair Technology, and TAIYO NIPPON SANSO.

Other Prominent Vendors in the market are: AIR WATER, Asia Technical Gas, Bombay Oxygen Corporation, BUZWAIR INDUSTRIAL GASES FACTORIES, Goyal MG gases, Gulf Cryo, MESSER Group, Southern Industrial Gas Sdn Bhd, and Yingde Gases.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Liquid nitrogen as a potential source of primary power. Liquid nitrogen is used as a coolant, but it has potential to be used as a source of primary power. The initiative was taken up by an innovative UK consortium. The initiative was to build a hybrid bus with a conventional diesel engine that would run on liquid nitrogen. HORIBA MIRA and Dearman partnered for this venture, with Dearman providing a zero emission Dearman engine. The trial was a success. The major drive behind this was to address urban air pollution challenges and showcase efficiency.”

According to the report, one of the major drivers for this market is Increasing use of cryosurgery and cryotherapy. Cryosurgery and cryotherapy are treatment techniques of using low temperature on the affected parts of the skin such as warts, seborrheic keratosis, and actinic keratosis. The technique is also being used for treating certain types of cancers. The advantage of this method is that the process is fast, requires less time, and does not leave any scar on the surface. The market for these techniques is expected to grow over $4 billion during the forecast period.

Further, the report states that one of the major factors hindering the growth of this market is Hazards associated with liquid nitrogen. There are many hazards associated with liquid nitrogen such as exposure to cold temperature causing severe burns and massive tissue damage and over pressurization caused when small amounts of liquid nitrogen expand into large volumes of gas. The expansion occurs when liquid nitrogen is exposed to inadequately vented equipment as it has 700x expansion ratio. When liquid nitrogen is exposed in a closed environment, it may lead to suffocation, dizziness, nausea, vomiting, and death.

Companies Mentioned

Air Liquide, Air Products and Chemicals, The Linde Group, Praxair Technology, TAIYO NIPPON SANSO, AIR WATER, Asia Technical Gas, Bombay Oxygen Corporation, BUZWAIR INDUSTRIAL GASES FACTORIES, Goyal MG gases, Gulf Cryo, MESSER Group, Southern Industrial Gas Sdn Bhd, and Yingde Gases.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Properties of liquid nitrogen
  • Market landscape
    • Market overview: Global liquid nitrogen market
      • Table Global liquid nitrogen market segmentation
    • Global liquid nitrogen market
      • Table Global liquid nitrogen market 2016 and 2021 ($ millions)
      • Table Market forecast: Global liquid nitrogen market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Overview: Global liquid nitrogen market by enduser
      • Table Global liquid nitrogen by end-user 2016
      • Table Global liquid nitrogen by end-user 2021
    • Global liquid nitrogen market for chemicals, pharmaceutical, and biotechnology sector
      • Table Global liquid nitrogen market for chemicals, pharmaceutical, and biotechnologysector 2016 and 2021 ($ millions)
      • Table Market forecast: Global liquid nitrogen market for chemicals, pharmaceutical, andbiotechnology sector 2016-2021
    • Global liquid nitrogen market for food and beverages sector
      • Table Global liquid nitrogen market for food and beverages sector 2016 and 2021 ($millions)
      • Table Market forecast: Global liquid nitrogen market for food and beverages sector 2016-2021
    • Global liquid nitrogen market for metal manufacturing and construction sector
      • Table Global liquid nitrogen market for metal manufacturing and construction sector 2016and 2021 ($ millions)
      • Table Market forecast: Global liquid nitrogen market for metal manufacturing andconstruction sector 2016-2021
    • Global liquid nitrogen market for healthcare sector
      • Table Global liquid nitrogen market for healthcare sector 2016 and 2021 ($ millions)
      • Table Market forecast: Global liquid nitrogen market for healthcare sector 2016-2021
    • Global liquid nitrogen market for rubber and plastic sector
      • Table Global liquid nitrogen market for rubber and plastic sector 2016 and 2021 ($millions)
      • Table Market forecast: Global liquid nitrogen market for rubber and plastic sector 2016-2021
    • Global liquid nitrogen market for other sectors
      • Table Global liquid nitrogen market for other sectors 2016 and 2021 ($ millions)
      • Table Market forecast: Global liquid nitrogen market for other sectors 2016-2021
  • Geographical segmentation
    • Overview: Global liquid nitrogen market by geography
      • Table Global liquid nitrogen market by geography 2016 and 2021
      • Table Global liquid nitrogen market by geography 2016 and 2021
    • Liquid nitrogen market in Americas
      • Table Liquid nitrogen market in Americas 2016 and 2021 ($ millions)
      • Table Market forecast: Liquid nitrogen market in Americas 2016-2021
    • Liquid nitrogen market in APAC
      • Table Liquid nitrogen market in APAC 2016 and 2021 ($ millions)
      • Table Market forecast: Liquid nitrogen market in APAC 2016-2021
    • Liquid nitrogen market in EMEA
      • Table Liquid nitrogen market in EMEA 2016 and 2021 ($ millions)
      • Table Market forecast: Liquid nitrogen market in EMEA 2016-2021
  • Decisio n framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Liquid nitrogen as a potential source of primary power
    • Rapid surface chilling technology
    • Liquid nitrogen as jet medium in petroleum engineering
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Air Liquide
      • Table Air Liquide: Business segmentation by revenue 2016
      • Table Air Liquide: Geographical segmentation by revenue 2016
    • Air Products and Chemicals
      • Table Air Products and Chemicals: Business segmentation by revenue 2016
      • Table Air Products and Chemicals: Geographical segmentation by revenue 2016
    • The Linde Group
      • Table The Linde Group: Business segmentation by revenue 2016
      • Table The Linde Group: Geographical segmentation by revenue 2016
    • Praxair Technology
      • Table Praxair Technology: Business segmentation by revenue 2016
      • Table Praxair Technology: End-user segmentation by revenue 2016
      • Table Purity levels of nitrogen manufactured by Praxair Technology
    • TAIYO NIPPON SANSO
      • Table TAIYO NIPPON SANSO: Business segmentation by revenue 2016
      • Table TAIYO NIPPON SANSO: Geographical segmentation by revenue 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

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