Liquid Nitrogen Market Analysis By Technology (Cryogenic Distillation, Pressure Swing Adsorption), By Function (Coolant, Refrigerant), By Storage & Distribution, By End-use, And Segment Forecasts, 2014 - 2025

The global liquid nitrogen market is expected to reach USD 21.3 billion by 2025, according to a new report by Grand View Research, Inc. Globally, increasing consumption of electronic goods has been a major factor driving the market growth. In addition, growing healthcare industry has led to increase in demand for liquid nitrogen.
Due to its low temperature property it is used as a cryogen in cryotherapies, cryosurgeries, and cryopreservation to remove skin tags, warts, verrucae, skin cancers, and moles in addition to demolishing the decayed tissues. Liquid nitrogen shrink fitting solutions are one of the best fitted solutions for joining of two metals which cannot be welded, cemented or soldered.
Rising demand in various application sectors including automotive, metals & fabrication, rubber & plastic, healthcare, electronics, construction, and food & beverages is projected to propel the market over the coming years. Rapid industrialization, infrastructural, and medical activities is anticipated to augment the market growth from 2017 to 2025.
Coolant function was projected to be the largest segment over the forecast period with a market share of 61.1% in terms of revenue in 2016. It is used in large number of applications to maintain low temperature such as food & beverages, electronics, chemicals, storage medium, healthcare, and metal fabrication to maintain low temperatures.
North America is expected to observe the biggest regional segment over the next eight years with an estimated CAGR of around 5.4% from 2017 to 2025.Increasing number of manufacturers and suppliers in this region is anticipated to spur the market growth. Asia Pacific is the fastest growing segment with potential growth opportunites. This region is expecting the rise in demand from industries such as metal manufacturing & fabrication, construction, food & beverage, and chemicals & pharmaceutical.
Further key findings from the report suggest:
‧ The global liquid nitrogen demand exceeded 7.85 million tons in 2016 and is expected to grow at a CAGR of 4.4% from 2017 to 2025
‧ Cryogenic distillation emerged as the largest technology segment in 2016 and is estimated to generate revenue over USD 10.7 billion by 2025
‧ Coolant segment was projected to be the largest function segment and is anticipated to witness moderate growth over the next eight years
‧ Merchant liquid and bulk storage segment was 3.12 million tons in 2016 and is expected to grow at a CAGR of 4.4% over the forecast period
‧ Chemicals and pharmaceuticals segment is anticipated to be the fastest growing end-user of liquid nitrogen as it is used from packaging to fire suppression in pharmaceutical sector
‧ The industry in Asia Pacific is projected to witness significant growth over the next eight years owing to various developments across major economies, especially in the medical and food products industry. The regional market in terms of revenue is expected to grow at a CAGR of 6.3% from 2017 to 2025
‧ Key players including, The Linde Group, Praxair Inc., Air Liquide S.A. and Air Products & Chemicals dominated the global liquid nitrogen market while accounting formajor share of the total volume in 2016

Table of Contents
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Snapshot
Chapter 3. Liquid Nitrogen Industry Outlook
3.1. Market segmentation & scope
3.2. Market size and growth prospects, 2014 - 2025
3.3. Value chain analysis
3.4. Market dynamics
3.4.1. Market driver analysis
3.4.2. Market restraint analysis
3.5. Key opportunities prioritized
3.6. Industry analysis - Porter's
3.7. PESTEL analysis, 2015
Chapter 4. Liquid Nitrogen Market: Technology Outlook
4.1. Liquid nitrogen market share by technology, 2016 & 2025 (Million Tons, USD Million)
4.2. Cryogenic distillation
4.2.1. Market estimates and forecast, 2014 - 2025 (Million Tons, USD Million)
4.2.2. Market estimates and forecast by region, 2014 - 2025 (Million Tons, USD Million)
4.3. Pressure swing adsorption
4.3.1. Market estimates and forecast, 2014 - 2025 (Million Tons, USD Million)
4.3.2. Market estimates and forecast by region, 2014 - 2025 (Million Tons, USD Million)
4.4. Others
4.4.1. Market estimates and forecast, 2014 - 2025 (Million Tons, USD Million)
4.4.2. Market estimates and forecast by region, 2014 - 2025 (Million Tons, USD Million)
Chapter 5. Liquid Nitrogen Market: Function Outlook
5.1. Liquid nitrogen market share by function, 2015 & 2025(Million Tons, USD Million)
5.2. Coolant
5.2.1. Market estimates and forecast, 2014 - 2025(Million Tons, USD Million)
5.2.2. Market estimates and forecast by region, 2014 - 2025 (Million Tons, USD Million)
5.3. Refrigerant
5.3.1. Market estimates and forecast, 2014 - 2025(Million Tons, USD Million)
5.3.2. Market estimates and forecast by region, 2014 - 2025 (Million Tons, USD Million)
Chapter 6. Liquid Nitrogen Market: Storage Outlook
6.1. Liquid nitrogen market share by storage, 2015 & 2025(Million Tons, USD Million)
6.2. Cylinders & packaged gas
6.2.1. Market estimates and forecast, 2014 - 2025(Million Tons, USD Million)
6.2.2. Market estimates and forecast by region, 2014 - 2025 (Million Tons, USD Million)
6.3. Merchant liquid/ Bulk
6.3.1. Market estimates and forecast, 2014 - 2025(Million Tons, USD Million)
6.3.2. Market estimates and forecast by region, 2014 - 2025 (Million Tons, USD Million)
6.4. Tonnage
6.4.1. Market estimates and forecast, 2014 - 2025(Million Tons, USD Million)
6.4.2. Market estimates and forecast by region, 2014 - 2025 (Million Tons, USD Million)
6.5. Others
6.5.1. Market estimates and forecast, 2014 - 2025(Million Tons, USD Million)
6.5.2. Market estimates and forecast by region, 2014 - 2025 (Million Tons, USD Million)
Chapter 7. Liquid Nitrogen Market: End-use Outlook
7.1. Liquid nitrogen market share by end-use, 2015 & 2025(Million Tons, USD Million)
7.2. Chemicals & pharmaceuticals
7.2.1. Market estimates and forecast, 2014 - 2025(Million Tons, USD Million)
7.2.2. Market estimates and forecast by region, 2014 - 2025 (Million Tons, USD Million)
7.3. Healthcare
7.3.1. Market estimates and forecast, 2014 - 2025(Million Tons, USD Million)
7.3.2. Market estimates and forecast by region, 2014 - 2025 (Million Tons, USD Million)
7.4. Food & beverages
7.4.1. Market estimates and forecast, 2014 - 2025(Million Tons, USD Million)
7.4.2. Market estimates and forecast by region, 2014 - 2025 (Million Tons, USD Million)
7.5. Metal manufacturing & construction
7.5.1. Market estimates and forecast, 2014 - 2025(Million Tons, USD Million)
7.5.2. Market estimates and forecast by region, 2014 - 2025 (Million Tons, USD Million)
7.6. Rubber & plastic
7.6.1. Market estimates and forecast, 2014 - 2025(Million Tons, USD Million)
7.6.2. Market estimates and forecast by region, 2014 - 2025 (Million Tons, USD Million)
7.7. Others
7.7.1. Market estimates and forecast, 2014 - 2025(Million Tons, USD Million)
7.7.2. Market estimates and forecast by region, 2014 - 2025 (Million Tons, USD Million)
Chapter 8. Liquid Nitrogen Market: Regional Outlook
8.1. Liquid nitrogen market share by region, 2015 & 2025(Million Tons, USD Million)
8.2. North America
8.2.1. Market estimates and forecast, 2014 - 2025 (Million Tons, USD Million)
8.2.2. Market estimates and forecast by technology, 2014 - 2025 (Million Tons, USD Million)
8.2.3. Market estimates and forecast by function, 2014 - 2025 (Million Tons, USD Million)
8.2.4. Market estimates and forecast by storage, 2014 - 2025 (Million Tons, USD Million)
8.2.5. Market estimates and forecast by end-use, 2014 - 2025 (Million Tons, USD Million)
8.2.6. U.S.
8.2.6.1. Market estimates and forecast, 2014 - 2025 (Million Tons, USD Million)
8.2.6.2. Market estimates and forecast by technology, 2014 - 2025 (Million Tons, USD Million)
8.2.6.3. Market estimates and forecast by function, 2014 - 2025 (Million Tons, USD Million)
8.2.6.4. Market estimates and forecast by storage, 2014 - 2025 (Million Tons, USD Million)
8.2.6.5. Market estimates and forecast by end-use, 2014 - 2025 (Million Tons, USD Million)
8.2.7. Canada
8.2.7.1. Market estimates and forecast, 2014 - 2025 (Million Tons, USD Million)
8.2.7.2. Market estimates and forecast by technology, 2014 - 2025 (Million Tons, USD Million)
8.2.7.3. Market estimates and forecast by function, 2014 - 2025 (Million Tons, USD Million)
8.2.7.4. Market estimates and forecast by storage, 2014 - 2025 (Million Tons, USD Million)
8.2.7.5. Market estimates and forecast by end-use, 2014 - 2025 (Million Tons, USD Million)
8.2.8. Mexico
8.2.8.1. Market estimates and forecast, 2014 - 2025 (Million Tons, USD Million)
8.2.8.2. Market estimates and forecast by technology, 2014 - 2025 (Million Tons, USD Million)
8.2.8.3. Market estimates and forecast by function, 2014 - 2025 (Million Tons, USD Million)
8.2.8.4. Market estimates and forecast by storage, 2014 - 2025 (Million Tons, USD Million)
8.2.8.5. Market estimates and forecast by end-use, 2014 - 2025 (Million Tons, USD Million)
8.3. Europe
8.3.1. Market estimates and forecast, 2014 - 2025 (Million Tons, USD Million)
8.3.2. Market estimates and forecast by technology, 2014 - 2025 (Million Tons, USD Million)
8.3.3. Market estimates and forecast by function, 2014 - 2025 (Million Tons, USD Million)
8.3.4. Market estimates and forecast by storage, 2014 - 2025 (Million Tons, USD Million)
8.3.5. Market estimates and forecast by end-use, 2014 - 2025 (Million Tons, USD Million)
8.3.6. UK
8.3.6.1. Market estimates and forecast, 2014 - 2025 (Million Tons, USD Million)
8.3.6.2. Market estimates and forecast by technology, 2014 - 2025 (Million Tons, USD Million)
8.3.6.3. Market estimates and forecast by function, 2014 - 2025 (Million Tons, USD Million)
8.3.6.4. Market estimates and forecast by storage, 2014 - 2025 (Million Tons, USD Million)
8.3.6.5. Market estimates and forecast by end-use, 2014 - 2025 (Million Tons, USD Million)
8.3.7. Germany
8.3.7.1. Market estimates and forecast, 2014 - 2025 (Million Tons, USD Million)
8.3.7.2. Market estimates and forecast by technology, 2014 - 2025 (Million Tons, USD Million)
8.3.7.3. Market estimates and forecast by function, 2014 - 2025 (Million Tons, USD Million)
8.3.7.4. Market estimates and forecast by storage, 2014 - 2025 (Million Tons, USD Million)
8.3.7.5. Market estimates and forecast by end-use, 2014 - 2025 (Million Tons, USD Million)
8.3.8. France
8.3.8.1. Market estimates and forecast, 2014 - 2025 (Million Tons, USD Million)
8.3.8.2. Market estimates and forecast by technology, 2014 - 2025 (Million Tons, USD Million)
8.3.8.3. Market estimates and forecast by function, 2014 - 2025 (Million Tons, USD Million)
8.3.8.4. Market estimates and forecast by storage, 2014 - 2025 (Million Tons, USD Million)
8.3.8.5. Market estimates and forecast by end-use, 2014 - 2025 (Million Tons, USD Million)
8.3.9. Belgium
8.3.9.1. Market estimates and forecast, 2014 - 2025 (Million Tons, USD Million)
8.3.9.2. Market estimates and forecast by technology, 2014 - 2025 (Million Tons, USD Million)
8.3.9.3. Market estimates and forecast by function, 2014 - 2025 (Million Tons, USD Million)
8.3.9.4. Market estimates and forecast by storage, 2014 - 2025 (Million Tons, USD Million)
8.3.9.5. Market estimates and forecast by end-use, 2014 - 2025 (Million Tons, USD Million)
8.4. Asia Pacific
8.4.1. Market estimates and forecast, 2014 - 2025 (Million Tons, USD Million)
8.4.2. Market estimates and forecast by technology, 2014 - 2025 (Million Tons, USD Million)
8.4.3. Market estimates and forecast by function, 2014 - 2025 (Million Tons, USD Million)
8.4.4. Market estimates and forecast by storage, 2014 - 2025 (Million Tons, USD Million)
8.4.5. Market estimates and forecast by end-use, 2014 - 2025 (Million Tons, USD Million)
8.4.6. China
8.4.6.1. Market estimates and forecast, 2014 - 2025 (Million Tons, USD Million)
8.4.6.2. Market estimates and forecast by technology, 2014 - 2025 (Million Tons, USD Million)
8.4.6.3. Market estimates and forecast by function, 2014 - 2025 (Million Tons, USD Million)
8.4.6.4. Market estimates and forecast by storage, 2014 - 2025 (Million Tons, USD Million)
8.4.6.5. Market estimates and forecast by end-use, 2014 - 2025 (Million Tons, USD Million)
8.4.7. India
8.4.7.1. Market estimates and forecast, 2014 - 2025 (Million Tons, USD Million)
8.4.7.2. Market estimates and forecast by technology, 2014 - 2025 (Million Tons, USD Million)
8.4.7.3. Market estimates and forecast by function, 2014 - 2025 (Million Tons, USD Million)
8.4.7.4. Market estimates and forecast by storage, 2014 - 2025 (Million Tons, USD Million)
8.4.7.5. Market estimates and forecast by end-use, 2014 - 2025 (Million Tons, USD Million)
8.4.8. Japan
8.4.8.1. Market estimates and forecast, 2014 - 2025 (Million Tons, USD Million)
8.4.8.2. Market estimates and forecast by technology, 2014 - 2025 (Million Tons, USD Million)
8.4.8.3. Market estimates and forecast by function, 2014 - 2025 (Million Tons, USD Million)
8.4.8.4. Market estimates and forecast by storage, 2014 - 2025 (Million Tons, USD Million)
8.4.8.5. Market estimates and forecast by end-use, 2014 - 2025 (Million Tons, USD Million)
8.4.9. South Korea
8.4.9.1. Market estimates and forecast, 2014 - 2025 (Million Tons, USD Million)
8.4.9.2. Market estimates and forecast by technology, 2014 - 2025 (Million Tons, USD Million)
8.4.9.3. Market estimates and forecast by function, 2014 - 2025 (Million Tons, USD Million)
8.4.9.4. Market estimates and forecast by storage, 2014 - 2025 (Million Tons, USD Million)
8.4.9.5. Market estimates and forecast by end-use, 2014 - 2025 (Million Tons, USD Million)
8.5. Central & South America
8.5.1. Market estimates and forecast, 2014 - 2025 (Million Tons, USD Million)
8.5.2. Market estimates and forecast by technology, 2014 - 2025 (Million Tons, USD Million)
8.5.3. Market estimates and forecast by function, 2014 - 2025 (Million Tons, USD Million)
8.5.4. Market estimates and forecast by storage, 2014 - 2025 (Million Tons, USD Million)
8.5.5. Market estimates and forecast by end-use, 2014 - 2025 (Million Tons, USD Million)
8.6. Middle East & Africa
8.6.1. Market estimates and forecast, 2014 - 2025 (Million Tons, USD Million)
8.6.2. Market estimates and forecast by technology, 2014 - 2025 (Million Tons, USD Million)
8.6.3. Market estimates and forecast by function, 2014 - 2025 (Million Tons, USD Million)
8.6.4. Market estimates and forecast by storage, 2014 - 2025 (Million Tons, USD Million)
8.6.5. Market estimates and forecast by end-use, 2014 - 2025 (Million Tons, USD Million)
Chapter 9. Competitive Landscape
9.1. Vendor landscape
9.2. Competitive environment
9.3. Strategy Framework
Chapter 10. Company Profiles
10.1. The Linde Group
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Industries and services catered
10.1.4. Product Benchmarking
10.1.5. Strategic Initiatives
10.2. Praxair Inc.
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Industries and services catered
10.2.4. Product Benchmarking
10.2.5. Strategic Initiatives
10.3. Air Liquide S.A.
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Industries and services catered
10.3.4. Product Benchmarking
10.3.5. Strategic Initiatives
10.4. Air Products and Chemicals, Inc
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Industries and services catered
10.4.4. Product Benchmarking
10.4.5. Strategic Initiatives
10.5. Gulf Cryo
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Industries and services catered
10.5.4. Product Benchmarking
10.5.5. Strategic Initiatives
10.6. Southern Industrial Gas Berhad
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Industries and services catered
10.6.4. Product Benchmarking
10.6.5. Strategic Initiatives
10.7. Messer Group
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Industries and services catered
10.7.4. Product Benchmarking
10.7.5. Strategic Initiatives
10.8. Emirates Industrial Gases Co.LLC
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Industries and services catered
10.8.4. Product Benchmarking
10.8.5. Strategic Initiatives
10.9. Taiyo Nippon Sanso Corporation
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Industries and services catered
10.9.4. Product Benchmarking
10.9.5. Strategic Initiatives
10.10. Nexair LLC
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Industries and services catered
10.10.4. Product Benchmarking
10.10.5. Strategic Initiatives