Liquid Nitrogen Market Future Growth New Reports-2022
Liquid Nitrogen Market size was valued at USD 17.08 Billion in 2021, registering a growth of 5.37% CAGR during the forecast period (2022-2030), and the market is projected to be worth USD 27.35 Billion by 2030.
The Liquid Nitrogen Market refers to the market for the colorless, odorless, and inert gas that is cooled and compressed to form a liquid. Liquid nitrogen is commonly used in a variety of applications, including cryogenics, food preservation, medical and biological storage, and metal fabrication.
The primary drivers of the Liquid Nitrogen Market include the increasing demand for cryogenic applications in various industries, the growing use of the gas in the food and medical industries, and the rising demand for metal fabrication and cutting.
Some of the major trends in the Liquid Nitrogen Market include the increasing use of liquid nitrogen in the food and medical industries, the adoption of advanced technologies for the storage and transportation of liquid nitrogen, and the development of new applications for the gas in various industries.
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There are several key players in the Liquid Nitrogen Market, including Antas Chemical Co., Ltd., BASF SE, Bostik Inc., H.B. Fuller Company, Sika Group, Mapei S.p.A., The Dow Chemical Company, RPM International Inc., Vivid India Chemicals, and Apple Chemie.
By Process
Cryogenic Distillation and Pressure Swing Adsorption (PSA)
By Function
Refrigerant and Coolant
By Storage
Cylinders and Packaged Gas, Merchant Liquid/Bulk, and Tonnage
By End-Use
Food & Beverage, Metal Fabrication, Healthcare and Pharmaceutical, Electrical & Electronics, Metal Manufacturing and Construction, Rubber and Plastic, and Others
The Liquid Nitrogen Market is segmented by region into North America, Europe, Asia-Pacific, and the Rest of the World. North America is the largest Liquid Nitrogen Market Size for liquid nitrogen, driven by the increasing demand for cryogenic applications in various industries. Europe is also a significant market for liquid nitrogen, driven by the growing use of the gas in the food and medical industries. Asia-Pacific is expected to offer significant opportunities for growth in the coming years, particularly in emerging markets such as China and India where there is a growing demand for metal fabrication and cryogenic applications.
By Geography
North America, Europe, Asia Pacific, Latin America, and Middle East, and Africa
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