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Liquid nitrogen is a cryogenic fluid which can cause rapid freezing. Liquid nitrogen is odorless non-flammable, colorless, and non-corrosive in nature. Liquid nitrogen is also known as LN2, LIN, or LN. Our atmosphere contains about 78% nitrogen by volume and 75.5% by weight.  Nitrogen is employed mostly in the gaseous form; however, it is commonly stored and transported as a liquid in several types of containers such as Dewar, cryogenic liquid cylinder, and cryogenic storage tank. The type of container depends upon the quantity required by end user. Liquid nitrogen is actually generated or produced at an air separation plant. The process of liquefaction of air, followed by separation of nitrogen takes place by continuous cryogenic distillation. The nitrogen is then recovered as cryogenic liquid. Liquid nitrogen can also be obtained by a process called pressure swing adsorption.

 Liquid nitrogen is the largest volume of inorganic chemical sold in the world, due to its diverse applications such as food freezing, biological sample preservation, deflashing and grinding of plastic and rubber, and other temperature-related applications. In terms of end-user industry, the liquid nitrogen market can be segmented into healthcare, food and beverage, chemicals and pharmaceuticals, and rubber and plastic. Liquid nitrogen, due to its characteristic low temperature is employed as a cryogen in cryotherapies, cryosurgeries, and cryopreservation, which are primarily utilized for curing skin, removing skin tags, skin cancers, and moles.  The liquid nitrogen also demolishes decaying tissues. Liquid nitrogen is likely to be utilized, primarily, wherever cooling is required.

Food preservation and increased demand for liquid nitrogen from chemical and pharmaceutical companies is anticipated to drive the liquid nitrogen market in the near future. Food preservation and processing has gained importance in order to supply high quality food to the rising population worldwide. Preservation often includes cooling or freezing of the food product, which enhances its shelf-life. However, major transportation cost and direct contact with liquid nitrogen are some restraints of the liquid nitrogen market. Utmost care and precautions need to be take while transporting liquid nitrogen. Liquid nitrogen is nontoxic and inert; however, it as acts as a simple asphyxiant and is likely to cause dizziness, nausea, loss of consciousness, or even death upon excess inhalation.

In terms of region, North America is anticipated to lead the global liquid nitrogen market, due to the increase in number of suppliers of liquid nitrogen in the region. Asia Pacific is another lucrative region for the liquid nitrogen market. The region comprises about 60 % of the population of the world, where food preservation and processing is estimated to become a major application for liquid nitrogen. Other industries in Asia Pacific are experiencing boom due to rapid industrialization and infrastructural development. Europe is another attractive region due to its prominent automotive, metals and fabrication, rubbers and plastic industries.

Major players operating in the global liquid nitrogen market are Air Products and Chemicals Inc., Messer Group, The Linde Group, Gulf Cryo, Air Liquide, Cryomech Inc. Taiyo Nippon Sanso Corporation, Praxair Inc., AMCS Corporation, Statebourne Cryogenics, and Asia Industrial Gases Pte. Ltd.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Liquid Nitrogen Market

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