Market Overview:
The global industrial liquid nitrogen market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The market growth is attributed to the increasing demand for liquid nitrogen in various end-use industries such as metal manufacturing & fabrication, oil & gas, petrochemical, pharmaceuticals & healthcare, chemical and food processing. In addition, the growing demand for electronics and semiconductor products is also propelling the growth of the global industrial liquid nitrogen market. Based on type, cryogenic fractional distillation accounted for a major share of the global industrial liquid nitrogen market in 2017.
Product Definition:
A colorless, odorless, tasteless gas at room temperature, nitrogen is the most abundant element in Earth's atmosphere. It makes up 78% of the air. Liquid nitrogen is a cryogenic fluid that can be created by compressing and cooling gaseous nitrogen to a very low temperature.
Cryogenic Fractional Distillated:
Cryogenic fractional distillation is a process used to separate the liquid and gaseous components of a fluid mixture. It's major application areas are in industrial liquid nitrogen market, where it is used for producing low-temperature vacuum systems and also in the production of other industrial liquids such as hydrogen, carbon monoxide, carbon dioxide among others.
Pressure Swing Adsorpted:
Pressure swing adsorpted (PSA) is a process in which liquid nitrogen is passed through a bed of solid material to extract the gas molecules from the liquid. The pressure and temperature are controlled so that only the desired components are extracted. This technology has wide applications in various industries such as oil & gas, petrochemical, power generation, metal processing and pharmaceuticals among others.
Application Insights:
The metal manufacturing and fabrication application segment led the global market in 2017. Liquid nitrogen is used for various processes, including annealing, normalizing, quenching and hardening of steel structures in automotive plants. The process helps optimize the strength of automobile components by reducing their weight as well as improving their surface finish.
Liquid nitrogen is also used for manufacturing structural parts from non-ferrous metals such as aluminum alloys and magnesium alloys. In addition, it finds applications in food processing industry where it is utilized to freeze foods at sublimation temperatures without compromising on quality or flavor.
Regional Analysis:
Asia Pacific was the leading region and accounted for over 45% of the overall revenue in 2017. The regional market is expected to witness significant growth over the forecast period owing to increasing industrialization, especially in China, India, Japan and South Korea. In addition, rising population coupled with rapid urbanization has led to an increase in consumer spending on consumer goods such as automobiles and electronics which will drive industry expansion further.
The Asia Pacific market is also anticipated to benefit from favorable government policies aimed at promoting domestic manufacturing activities by offering subsidies or tax benefits. For instance; according to a white paper published by The World Bank Group titled “China 2030†it was estimated that around USD X trillion would be invested during the next 15 years towards improving energy access across China thereby driving industry expansion for liquid nitrogen suppliers operating within this sector including Air Liquide S.A., Linde AG & Co., KHS GmbH & Co.
Growth Factors:
- Increasing demand for industrial nitrogen in various end-use industries such as chemicals, metals, and food & beverages.
- Growing demand for liquid nitrogen in the healthcare sector for cryotherapy and other medical applications.
- Rising adoption of liquid nitrogen in the transportation sector to improve fuel efficiency and reduce emissions.
- Increasing use of liquid nitrogen as a refrigerant across various industries owing to its properties such as high thermal efficiency and low environmental impact.
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Liquid Nitrogen Market Research Report
By Type
Cryogenic Fractional Distillated, Pressure Swing Adsorpted, Membrane Separated
By Application
Metal manufacturing & fabrication, Oil & gas, Petrochemical, Pharmaceutical & healthcare, Chemical, Food & beverages, Electronics
By Companies
The Linde Group, Air Liquide, Praxair Technology, Air Products, Messer, Yingde Gases Group, TAIYO NIPPON SANSO, Nippon Steel & Sumitomo Metal Corporation Group, CUDD, UIG, The Linde Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Liquid Nitrogen Market Report Segments:
The global Industrial Liquid Nitrogen market is segmented on the basis of:
Types
Cryogenic Fractional Distillated, Pressure Swing Adsorpted, Membrane Separated
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Metal manufacturing & fabrication, Oil & gas, Petrochemical, Pharmaceutical & healthcare, Chemical, Food & beverages, Electronics
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- The Linde Group
- Air Liquide
- Praxair Technology
- Air Products
- Messer
- Yingde Gases Group
- TAIYO NIPPON SANSO
- Nippon Steel & Sumitomo Metal Corporation Group
- CUDD
- UIG
- The Linde Group
Highlights of The Industrial Liquid Nitrogen Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cryogenic Fractional Distillated
- Pressure Swing Adsorpted
- Membrane Separated
- By Application:
- Metal manufacturing & fabrication
- Oil & gas
- Petrochemical
- Pharmaceutical & healthcare
- Chemical
- Food & beverages
- Electronics
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Liquid Nitrogen Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial Liquid Nitrogen is a cryogenic liquid used in industrial processes. It is a colorless, odorless, and tasteless gas that can be liquefied at temperatures below -196 degrees Celsius (-320 degrees Fahrenheit).
Some of the major players in the industrial liquid nitrogen market are The Linde Group, Air Liquide, Praxair Technology, Air Products, Messer, Yingde Gases Group, TAIYO NIPPON SANSO, Nippon Steel & Sumitomo Metal Corporation Group, CUDD, UIG, The Linde Group.
The industrial liquid nitrogen market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Liquid Nitrogen Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Industrial Liquid Nitrogen Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Liquid Nitrogen Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Industrial Liquid Nitrogen Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Industrial Liquid Nitrogen Market Size & Forecast, 2020-2028
4.5.1 Industrial Liquid Nitrogen Market Size and Y-o-Y Growth
4.5.2 Industrial Liquid Nitrogen Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cryogenic Fractional Distillated
5.2.2 Pressure Swing Adsorpted
5.2.3 Membrane Separated
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Metal manufacturing & fabrication
6.2.2 Oil & gas
6.2.3 Petrochemical
6.2.4 Pharmaceutical & healthcare
6.2.5 Chemical
6.2.6 Food & beverages
6.2.7 Electronics
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Liquid Nitrogen Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial Liquid Nitrogen Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cryogenic Fractional Distillated
9.6.2 Pressure Swing Adsorpted
9.6.3 Membrane Separated
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Metal manufacturing & fabrication
9.10.2 Oil & gas
9.10.3 Petrochemical
9.10.4 Pharmaceutical & healthcare
9.10.5 Chemical
9.10.6 Food & beverages
9.10.7 Electronics
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cryogenic Fractional Distillated
10.6.2 Pressure Swing Adsorpted
10.6.3 Membrane Separated
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Metal manufacturing & fabrication
10.10.2 Oil & gas
10.10.3 Petrochemical
10.10.4 Pharmaceutical & healthcare
10.10.5 Chemical
10.10.6 Food & beverages
10.10.7 Electronics
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cryogenic Fractional Distillated
11.6.2 Pressure Swing Adsorpted
11.6.3 Membrane Separated
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Metal manufacturing & fabrication
11.10.2 Oil & gas
11.10.3 Petrochemical
11.10.4 Pharmaceutical & healthcare
11.10.5 Chemical
11.10.6 Food & beverages
11.10.7 Electronics
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cryogenic Fractional Distillated
12.6.2 Pressure Swing Adsorpted
12.6.3 Membrane Separated
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Metal manufacturing & fabrication
12.10.2 Oil & gas
12.10.3 Petrochemical
12.10.4 Pharmaceutical & healthcare
12.10.5 Chemical
12.10.6 Food & beverages
12.10.7 Electronics
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cryogenic Fractional Distillated
13.6.2 Pressure Swing Adsorpted
13.6.3 Membrane Separated
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Metal manufacturing & fabrication
13.10.2 Oil & gas
13.10.3 Petrochemical
13.10.4 Pharmaceutical & healthcare
13.10.5 Chemical
13.10.6 Food & beverages
13.10.7 Electronics
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial Liquid Nitrogen Market: Competitive Dashboard
14.2 Global Industrial Liquid Nitrogen Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 The Linde Group
14.3.2 Air Liquide
14.3.3 Praxair Technology
14.3.4 Air Products
14.3.5 Messer
14.3.6 Yingde Gases Group
14.3.7 TAIYO NIPPON SANSO
14.3.8 Nippon Steel & Sumitomo Metal Corporation Group
14.3.9 CUDD
14.3.10 UIG
14.3.11 The Linde Group
