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Liquid Nitrogen Market by End-Use Industry , by Storage, Distribution & Transportation , by Function , by Production Technology  - Global Forecast to 2020

Liquid Nitrogen Market: Global Forecast until 2020

  • January 2016
  • 224 pages
  • ID: 3603150
In this report:
The metal manufacturing & construction end-use industry accounted for a share of ##.##% in 2014 in the global liquid nitrogen market.
The refrigerant function in the food & beverages end-use industry held the largest share of ##% in 2014 and is projected to grow at the highest CAGR of ##.##% from 2015 to 2020.


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"Growing demand for electronics to drive the liquid nitrogen market"

The liquid nitrogen market size is forecasted to grow from ~$12.5B in 2015 to ~$16.1B by 2020, at a compound annual growth rate (CAGR) of ~5.3 percent. The liquid nitrogen market is influenced by Elements such as increase in demand for electronic products in developing countries and the increasing demand from healthcare sector market.

"Pressure swing adsorption to benefit maximum traction during the outlook period"

The pressure swing adsorption segment is forecasted to be the quickest-increasing production technology in the upcoming 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 projected to have the largest part of market share during the estimate 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-Pac is forecasted to be the fastest growing area.

North America continent is projected to have the biggest market share during the outlook period in the liquid nitrogen market. Asia Pacific (APAC) is expected to grow at the highest compound annual growth rate (CAGR) between 2015 and 2022. The Asia Pacific (APAC) area is the most attractive market for liquid nitrogen due to the quick socio-economic development in the territory. The increase of this area is supplemented by the expansion of the metal manufacturing sector in developing economies including India and China (CN). The industry demand for liquid nitrogen is primarily influenced by developing countries for applications in several industries including health care, energy, and electronics.

Breakdown of Primaries

Primary Q&A were managed with a number of industry experts in order to gather info associated to various aspects of the liquid nitrogen market. Measures reached after analyzing secondary sources were validated through these interviews. Primary sources contain professionals including liquid nitrogen manufacturers, distributors, and academic professionals. The classification of primaries interviews is like:

By Company Type: Tier 1: 43.0 percent; Tier 2: 33.0 percent; Tier 3: 24.0 percent

By Description: C-suite: 40.0 percent; D-level: 35.0 percent; Others*: 25.0 percent

By area: North america (NA): 40.0 percent; Europe: 20.0 percent; Asia-Pacific: 25.0 percent; RoW: 15.0 percent

Note: *Others contain sales managers, marketing managers, and product managers.

The 1/3 of the companies, the tiers of the corporations is defined on the basis of their final revenue, as of 2013.

Tier n1: Revenue > $10.0B; Tier 2: $1.0B to $10.0B; Tier 3: Revenue < $1.0B

Reasons to acquire the study.

The analysis will facilitate the market top players/new sector entrants in this sector in these ways:

1. This document breaks down the liquid nitrogen market comprehensively and offers the best approximations of the revenue data for the global market and the sub-segments across the distinct verticals and localities.

2. The market research benefits partners to comprehend the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will facilitate partners to better find out their players and obtain additional insights into their rank in the business sector. The competitive outlook section includes competitor landscape, new industry product developments, strategic agreements, alliances and joint ventures (JV), and mergers & acquisitions.

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