27 February 2018
Liquid Nitrogen Market

The liquid nitrogen market size is projected to grow from USD 12.48 billion in 2015 to USD 16.14 billion by 2020, at a CAGR of 5.28%. The liquid nitrogen market is driven by factors such as rise in demand for electronic products in developing countries and the growing demand from healthcare sector market.

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“Pressure swing adsorption to gain maximum traction during the forecast period”

The pressure swing adsorption segment is projected to be the fastest-growing production technology in the next five years. It can be a cost-effective technique of onsite generation of nitrogen for a broad range of purity and flow requirements. Cryogenic distillation is estimated to have the largest market share during the forecast period. It is the most widely used technique for producing high purity oxygen, nitrogen, and argon on an industrial scale, as it is one of the cost-effective and economic technology solutions for plants with high production rate plants.

Asia-Pacific is estimated to be the fastest growing region.

North America is estimated to have the largest market share during the forecast period in the liquid nitrogen market. Asia-Pacific is projected to grow at the highest CAGR from 2015 to 2020. The Asia-Pacific region is the most attractive market for liquid nitrogen owing to the rapid socio-economic development in the region. The growth of this region is supplemented by the expansion of the metal manufacturing industry in developing economies such as India and China. The demand for liquid nitrogen is primarily driven by developing countries for applications in various industries such as health care, energy, and electronics.

Breakdown of Primaries

Primary interviews were conducted with a number of industry experts in order to collect data related to different aspects of the liquid nitrogen market. Estimates reached after analyzing secondary sources were validated through these interviews. Primary sources include professionals such as liquid nitrogen manufacturers, distributors, and academic professionals. The distribution of primary interviews is as follows:

By Company Type: Tier 1: 43%; Tier 2: 33%; Tier 3: 24%

By Designation: C-level: 40%; Director level: 35%; Others*: 25%

By Region: North America: 40%; Europe: 20%; Asia-Pacific: 25%; RoW: 15%

The tier of the companies is defined on the basis of their total revenue, as of 2013.

Tier 1: Revenue > USD 10 billion; Tier 2: USD 1 billion to USD 10 billion; Tier 3: Revenue < USD 1 billion

The various key liquid nitrogen providers profiled in the report are as follows:

1. The Linde Group (Germany)

2. Praxair Inc. (U.S.)

3. Nexair LLC. (U.S.)

4. Air Products and Chemicals, Inc. (U.S.)

5. Taiyo Nippon Sanso Corporation (Japan)

6. Messer Group (Germany)

7. Air Liquide S.A. (France)

8. Gulf Cryo (United Arab Emirates)

9. Emirates Industrial Gases Co. LLC. (United Arab Emirates)

10. Southern Industrial Gas Berhad (Malaysia)

Reasons to buy the report.

The report will help the market leaders/new entrants in this market in the following ways:

1. This report segments the liquid nitrogen market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across the different verticals and regions.

2. The report helps stakeholders to understand the market and provides them information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders to better understand their competitors and gain more insights into their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, agreements, partnerships and joint ventures, and mergers & acquisitions.

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Table of content-

1 INTRODUCTION 25
1.1 OBJECTIVES OF THE STUDY 25
1.2 MARKET DEFINITION 25
1.3 STUDY SCOPE 26
1.3.1 PERIODIZATION CONSIDERED FOR THE LIQUID NITROGEN MARKET 26
1.4 CURRENCY CONSIDERED FOR THE LIQUID NITROGEN MARKET 27
1.5 UNIT CONSIDERED FOR THE LIQUID NITROGEN MARKET 27
1.6 STAKEHOLDERS 27
2 RESEARCH METHODOLOGY 28
2.1 RESEARCH DATA 28
2.1.1 SECONDARY DATA 29
2.1.1.1 Key data from secondary sources 29
2.1.2 PRIMARY DATA 30
2.1.2.1 Key data from primary sources 30
2.1.2.2 Breakdown of primary interviews 31
2.2 FACTOR ANALYSIS 31
2.2.1 INTRODUCTION 31
2.2.2 DEMAND-SIDE ANALYSIS 31
2.2.2.1 Rising population 32
2.2.2.2 Increasing income and spending capacity 33
2.2.3 SUPPLY-SIDE ANALYSIS 33
2.2.3.1 Industry regulations 34
2.2.3.2 Fluctuations in fuel prices 34
2.3 MARKET SIZE ESTIMATION 35
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 38
2.5 MARKET SHARE ESTIMATION 38
2.6 RESEARCH ASSUMPTIONS & LIMITATIONS 39
2.6.1 ASSUMPTIONS 39
2.6.2 ASSUMPTIONS MADE FOR THIS STUDY 39
2.6.3 LIMITATIONS 40

3 EXECUTIVE SUMMARY 41
3.1 CHEMICALS & PHARMACEUTICALS IS PROJECTED TO ACCOUNT FOR THE LARGEST SHARE BY 2020 42
3.2 NORTH AMERICA IS PROJECTED TO DOMINATE THE GLOBAL LIQUID NITROGEN MARKET BY 2020 43
3.3 THE INDIAN MARKET IS PROJECTED TO GROW AT THE HIGHEST CAGR FROM
2015 TO 2020 44
4 PREMIUM INSIGHTS 46
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE LIQUID NITROGEN MARKET 46
4.2 LIQUID NITROGEN MARKET IN THE ASIA-PACIFIC REGION 47
4.3 EMERGING AND DEVELOPED MARKETS FOR LIQUID N

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