Liquid Nitrogen Market Growing at 5.28% CAGR to 2020 Driven by Pressure Swing Adsorption Segment
PUNE, India, February 2, 2016 /PRNewswire/ --
Within liquid nitrogen market, pressure swing adsorption segment is projected to be the fastest-growing production technology in the next five years as it can be a cost-effective technique of onsite generation of nitrogen for a broad range of purity and flow requirements.
Complete report on global liquid nitrogen market spread across 222 pages, profiling 10 companies and supported with 200 tables and 54 figures is now available at http://www.rnrmarketresearch.com/liquid-nitrogen-market-by-end-use-industry-chemicals-pharmaceuticals-by-storage-distribution-transportation-cylinder-packaged-gas-by-function-coolant-refrigerant-by-production-technology-cryogenic-distillation-global-forecast-market-report.html .
The worldwide 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. 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.
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 healthcare, energy, and electronics.
The various key liquid nitrogen providers profiled in the report such as The Linde Group (Germany), Praxair Inc.(U.S.), NexairLLC.(U.S.), Air Products and Chemicals, Inc.(U.S.), Taiyo Nippon Sanso Corporation (Japan), Messer Group (Germany), Air Liquide S.A.(France), Gulf Cryo (United Arab Emirates), Emirates Industrial Gases Co. LLC. (United Arab Emirates), Southern Industrial Gas Berhad (Malaysia). Order a copy of Liquid Nitrogen Market by End-Use Industry (Chemicals & Pharmaceuticals), by Storage, Distribution & Transportation (Cylinder & Packaged Gas), by Function (Coolant, Refrigerant), by Production Technology (Cryogenic Distillation) - Global Forecast to 2020 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=463281 .
This report segments the liquid nitrogen market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the sub segments across the different verticals and regions. The report helps stakeholders to understand the market and provides them information on key market drivers, restraints, challenges, and opportunities.
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.
On a related note, another research on Liquid Crystal Polymer Market Global Forecasts to 2020 says, the Liquid Crystal Polymer market is projected to register a CAGR of 6.0% between 2015 and 2020 to reach USD 1.2 Billion, by 2020. Electrical & electronics segment is estimated to be the largest application of the LCPs market. The report analyzes the LCPs market trends and forecasts till 2020. The market size has been provided in terms of market volume (Tons) and value (USD million). Companies like Polyplastics Co., Ltd, Celanese Corporation, Sumitomo Chemical, Solvay S.A., Toray International, Inc., Ueno Fine Chemicals Industry Ltd. and Shanghai PRET Composites Co., Ltd have been profiled in this 129 pages research report available at http://www.rnrmarketresearch.com/liquid-crystal-polymer-market-by-application-electrical-electronics-consumer-goods-lightning-automotive-medical-others-and-by-brands-laperos-lcp-vectra-zenite-sumikasuper-xydar-siveras-others-global-forecasts-to-2020-market-report.html .
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