Liquid Nitrogen Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Liquid Nitrogen Market covers analysis by Transportation (On-site Production, Bulk Liquid, and Packaged); End-user (Automotive, Chemical & Pharmaceutical, Rubber & Plastic, Food & Beverage, Healthcare, Metal Fabrication, Oil & Gas, and others), and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Apr 2024

  • Report Code : TIPRE00003341
  • Category : Chemicals and Materials
  • Status : Upcoming
  • No. of Pages : 150
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MARKET OVERVIEW
Liquid nitrogen is the liquified form of nitrogen gas obtained by fractional distillation. It is chemically inert and has a boiling point of -195.8°C. It is used as a coolant in refrigerators and air conditioners. It is also used for freezing and transporting perishable and temperature sensitive food, beverages, and medicinal drugs. Liquid nitrogen is used in cryotherapy to remove skin abnormalities. Moreover, it is used in the preservation of biological samples such as genetic samples, eggs, etc. Liquid nitrogen has a wide range of applications across the oil & gas, food & beverages, healthcare & pharmaceuticals, among other industries. The rising demand for liquid nitrogen from various end-use industries is driving the market growth.

MARKET SCOPE AND REPORT FEATURES
Our report on "Global Liquid Nitrogen Market Analysis to 2028" encapsulate a detailed market analysis on key segments such as manufacturing method and end-use industry of Liquid Nitrogen Market, and a deep dive statistical and qualitative analysis by geography covering five key regions and several countries. As a part of qualitative analysis report offers evaluation of key market dynamics such prevailing market driver, key challenges and opportunities that pave the path for future developments. Further, our analysis on the key competition provides a strategic viewpoint on the market initiatives, SWOT analysis, and highlights on the products and service developments of the players.   

MARKET SEGMENTATION
Global Liquid Nitrogen Market – By Manufacturing Method

  • Cryogenic Distillation
  • Pressure Swing Adsorption

Global Liquid Nitrogen Market – By End-Use Industry

  • Automotive & Aerospace
  • Pharmaceuticals & Healthcare
  • Oil & Gas
  • Food & Beverage
  • Electronics & Semiconductor
  • Others

MARKET DYNAMICS

MARKET DYNAMICS

REGIONAL INSIGHTS
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM). The liquid nitrogen market by each region is later sub segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the liquid nitrogen market in these regions.

MARKET PLAYERS
The report covers key developments in the liquid nitrogen market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from liquid nitrogen market are anticipated to witness lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the liquid nitrogen market. In addition, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last 3 years, the key development in the past five years. 

  • Air Liquide
  • Linde plc
  • Praxair Technology, Inc.
  • Messer North America, Inc.
  • NEXAIR
  • UBE Corporation
  • Tokyo Gas Chemicals Co., Ltd.
  • TAIYO NIPPON SANSO CORPORATION
  • Air Products Inc
  • Gulf Cryo

REPORT HIGHLIGHTS

Our report on Liquid Nitrogen Market cover following key parameters:

  • Comprehensive market analysis at global, regional and country level
  • Detailed PEST (Political, Economic, Social and Technological) factors impacting the market across key geographic regions such as North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
  • Market dynamics (drivers, restraints, opportunities, and future trends) and impact analysis of drivers and restraints at short-term, mid-term and long-term
  • Market size and forecasts in terms of revenue; 2020 (historic), 2021 (base year), 2022 – 28 (forecast period)
  • In-depth market segmentation and deep dive regional and country level analysis of 18+ countries across 5 key regions
  • Key company profiles and industry landscape to provide latest market initiatives and competitive landscape
  • Impact of COVID`19 pandemic on ecosystem and the market 

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.


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REGIONAL FRAMEWORK
World Geography

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  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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MARKET PLAYERS
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

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to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
  • Liquid Nitrogen Market - By Transportation
  • Liquid Nitrogen Market - By End-user
  • Liquid Nitrogen Market - By Region
    • By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. LIQUID NITROGEN MARKET LANDSCAPE
4.1. OVERVIEW
4.2. ECOSYSTEM ANALYSIS
4.3. PEST ANALYSIS
4.3.1. North America - PEST Analysis
4.3.2. Europe - PEST Analysis
4.3.3. Asia Pacific (APAC) - PEST Analysis
4.3.4. Middle East & Africa (MEA) - PEST Analysis
4.3.5. South America (SAM)- PEST Analysis
5. LIQUID NITROGEN MARKET - KEY INDUSTRY DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC

6. LIQUID NITROGEN MARKET - GLOBAL MARKET ANALYSIS
6.1. LIQUID NITROGEN - GLOBAL MARKET OVERVIEW
6.2. LIQUID NITROGEN - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/ MARKET SHARE
7. LIQUID NITROGEN MARKET REVENUE AND FORECASTS TO 2028 - TRANSPORTATION
7.1. OVERVIEW
7.2. TRANSPORTATION MARKET FORECASTS AND ANALYSIS
7.3. ON-SITE PRODUCTION
7.3.1. Overview
7.3.2. On-site Production Market Forecast and Analysis
7.4. BULK LIQUID
7.4.1. Overview
7.4.2. Bulk Liquid Market Forecast and Analysis
7.5. PACKAGED
7.5.1. Overview
7.5.2. Packaged Market Forecast and Analysis
8. LIQUID NITROGEN MARKET REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. AUTOMOTIVE
8.3.1. Overview
8.3.2. Automotive Market Forecast and Analysis
8.4. CHEMICAL & PHARMACEUTICAL
8.4.1. Overview
8.4.2. Chemical & Pharmaceutical Market Forecast and Analysis
8.5. RUBBER & PLASTIC
8.5.1. Overview
8.5.2. Rubber & Plastic Market Forecast and Analysis
8.6. FOOD & BEVERAGES
8.6.1. Overview
8.6.2. Food & Beverages Market Forecast and Analysis
8.7. HEALTHCARE
8.7.1. Overview
8.7.2. Healthcare Market Forecast and Analysis
8.8. METAL FABRICATION
8.8.1. Overview
8.8.2. Metal Fabrication Market Forecast and Analysis
8.9. OIL & GAS
8.9.1. Overview
8.9.2. Oil & Gas Market Forecast and Analysis
8.10. OTHERS
8.10.1. Overview
8.10.2. Other Market Forecast and Analysis

9. LIQUID NITROGEN MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1. North America Market Overview
9.1.2. North America Market Forecasts and Analysis
9.1.3. North America Market Forecasts and Analysis - By Transportation
9.1.4. North America Market Forecasts and Analysis - By End-user
9.1.5. North America Market Forecasts and Analysis - By Countries
9.1.5.1. US market
9.1.5.1.1. US Market by Transportation
9.1.5.1.2. US Market by End-user
9.1.5.2. Canada market
9.1.5.2.1. Canada Market by Transportation
9.1.5.2.2. Canada Market by End-user
9.1.5.3. Mexico market
9.1.5.3.1. Mexico Market by Transportation
9.1.5.3.2. Mexico Market by End-user
9.2. EUROPE
9.2.1. Europe Market Overview
9.2.2. Europe Market Forecasts and Analysis
9.2.3. Europe Market Forecasts and Analysis - By Transportation
9.2.4. Europe Market Forecasts and Analysis - By End-user
9.2.5. Europe Market Forecasts and Analysis - By Countries
9.2.5.1. France market
9.2.5.1.1. France Market by Transportation
9.2.5.1.2. France Market by End-user
9.2.5.2. Germany market
9.2.5.2.1. Germany Market by Transportation
9.2.5.2.2. Germany Market by End-user
9.2.5.3. Italy market
9.2.5.3.1. Italy Market by Transportation
9.2.5.3.2. Italy Market by End-user
9.2.5.4. Russia market
9.2.5.4.1. Russia Market by Transportation
9.2.5.4.2. Russia Market by End-user
9.2.5.5. UK market
9.2.5.5.1. UK Market by Transportation
9.2.5.5.2. UK Market by End-user
9.2.5.6. Rest of Europe market
9.2.5.6.1. Rest of Europe Market by Transportation
9.2.5.6.2. Rest of Europe Market by End-user
9.3. ASIA PACIFIC (APAC)
9.3.1. Asia Pacific Market Overview
9.3.2. Asia Pacific Market Forecasts and Analysis
9.3.3. Asia Pacific Market Forecasts and Analysis - By Transportation
9.3.4. Asia Pacific Market Forecasts and Analysis - By End-user
9.3.5. Asia Pacific Market Forecasts and Analysis - By Countries
9.3.5.1. South Korea
9.3.5.1.1. South Korea Market by Transportation
9.3.5.1.2. South Korea Market by End-user
9.3.5.2. China market
9.3.5.2.1. China Market by Transportation
9.3.5.2.2. China Market by End-user
9.3.5.3. India market
9.3.5.3.1. India Market by Transportation
9.3.5.3.2. India Market by End-user
9.3.5.4. Japan market
9.3.5.4.1. Japan Market by Transportation
9.3.5.4.2. Japan Market by End-user
9.3.5.5. Australia market
9.3.5.5.1. Australia Market by Transportation
9.3.5.5.2. Australia Market by End-user
9.3.5.6. Rest of APAC market
9.3.5.6.1. Rest of APAC Market by Transportation
9.3.5.6.2. Rest of APAC Market by End-user
9.4. MIDDLE EAST AND AFRICA (MEA)
9.4.1. Middle East and Africa Market Overview
9.4.2. Middle East and Africa Market Forecasts and Analysis
9.4.3. Middle East and Africa Market Forecasts and Analysis - By Transportation
9.4.4. Middle East and Africa Market Forecasts and Analysis - By End-user
9.4.5. Middle East and Africa Market Forecasts and Analysis - By Countries
9.4.5.1. South Africa market
9.4.5.1.1. South Africa Market by Transportation
9.4.5.1.2. South Africa Market by End-user
9.4.5.2. Saudi Arabia market
9.4.5.2.1. Saudi Arabia Market by Transportation
9.4.5.2.2. Saudi Arabia Market by End-user
9.4.5.3. UAE market
9.4.5.3.1. UAE Market by Transportation
9.4.5.3.2. UAE Market by End-user
9.4.5.4. Rest of MEA market
9.4.5.4.1. Rest of MEA Market by Transportation
9.4.5.4.2. Rest of MEA Market by End-user
9.5. SOUTH AMERICA (SAM)
9.5.1. South America Market Overview
9.5.2. South America Market Forecasts and Analysis
9.5.3. South America Market Forecasts and Analysis - By Transportation
9.5.4. South America Market Forecasts and Analysis - By End-user
9.5.5. South America Market Forecasts and Analysis - By Countries
9.5.5.1. Brazil market
9.5.5.1.1. Brazil Market by Transportation
9.5.5.1.2. Brazil Market by End-user
9.5.5.2. Argentina market
9.5.5.2.1. Argentina Market by Transportation
9.5.5.2.2. Argentina Market by End-user
9.5.5.3. Rest of SAM market
9.5.5.3.1. Rest of SAM Market by Transportation
9.5.5.3.2. Rest of SAM Market by End-user
10. INDUSTRY LANDSCAPE
10.1. MERGERS & ACQUISITIONS
10.2. MARKET INITIATIVES
10.3. NEW DEVELOPMENTS
11. LIQUID NITROGEN MARKET, KEY COMPANY PROFILES
11.1. AIR LIQUIDE
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products & Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AIR PRODUCTS AND CHEMICALS, INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products & Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CRYOMECH INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products & Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. GULF CRYO
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products & Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. MESSER GROUP GMBH
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products & Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. NEXAIR LLC
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products & Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. PRAXAIR TECHNOLOGY, INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products & Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SOUTHERN INDUSTRIAL GAS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products & Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TAIYO NIPPON SANSO CORPORATION
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products & Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THE LINDE GROUP
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products & Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS

NOTE:
- This ToC is tentative and is subject to further refinement during the research study
- The list of company profiles included in this ToC is tentative. Profiles of specific players, if required, shall be added to the report upon request.?
The List of Companies

1. Air Liquide
2. Air Products and Chemicals, Inc.
3. Cryomech Inc.
4. Gulf Cryo
5. Messer Group GmbH
6. nexAir LLC
7. Praxair Technology Inc.
8. Southern Industrial Gas
9. Taiyo Nippon Sanso Corporation
10. The Linde Group

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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