- March 2020 |
- Energy and Power / Oil and Gas
Liquid Nitrogen Market Size, By End-use Industry (Chemicals & pharmaceuticals, Food & Beverage, Healthcare, Metal manufacturing & construction, Rubber & Plastic, and Others (electronics and energy)), By Function (Coolant and Refrigerant), By Manufacturing Process (Cryogenic distillation and Pressure swing adsorption), By Storage, Distribution, and Transportation (Cylinder & packaged distribution, Merchant liquid distribution, Tonnage distribution), and by Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America); Trend Analysis, Competitive Market Share & Forecast, 2016-26
Global Liquid Nitrogen Market Forecast and Trends
The global Liquid Nitrogen market has reached USD 15.49 Billion in 2019 and estimated to reach USD 22.54 Billion in 2026 and anticipated to grow by CAGR of 5.58% during the forecast period 2020- 2026. Liquid nitrogen's ability to act as a coolant is the main reason that has fueled global market development. Besides, the increase in demand for liquid nitrogen in the transport and food industries is also driving the growth of the worldwide market for liquid nitrogen. Furthermore, rising demand from industry is also one...