Liquid Nitrogen Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR44921
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The liquid nitrogen market has the potential to grow by USD 5026.51 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.80%.

This liquid nitrogen market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (CPB, F and B, metal manufacturing and construction, and others) and geography (North America, APAC, Europe, South America, and MEA). The liquid nitrogen market report also offers information on several market vendors, including Air Products and Chemicals Inc., AMCS Corp., Asia Industrial Gases Pte. Ltd., Gulf Cryo Holding CSC, LAIR LIQUIDE SA, Linde Plc, Messer Group GmbH, Mitsubishi Chemical Holdings Corp., nexAir LLC, and Statebourne Cryogenics Ltd. among others.

What will the Liquid Nitrogen Market Size be in 2021?

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Liquid Nitrogen Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing adoption of cryosurgery and cryotherapy is notably driving the liquid nitrogen market growth, although factors such as hazards associated with liquid nitrogen may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the liquid nitrogen industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

This liquid nitrogen market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Liquid Nitrogen Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Air Products and Chemicals Inc.
  • AMCS Corp.
  • Asia Industrial Gases Pte. Ltd.
  • Gulf Cryo Holding CSC
  • LAIR LIQUIDE SA
  • Linde Plc
  • Messer Group GmbH
  • Mitsubishi Chemical Holdings Corp.
  • nexAir LLC
  • Statebourne Cryogenics Ltd.

 

This statistical study of the liquid nitrogen market encompasses successful business strategies deployed by the key vendors. The liquid nitrogen market is fragmented and the vendors are deploying growth strategies such as forming strategic partnerships to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The liquid nitrogen market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Liquid Nitrogen Market?

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44% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for the liquid nitrogen market in North America. Market growth in this region will be slower than the growth of the market in the European, APAC, and MEA regions.

The increase in development activities, the increasing number of manufacturers and suppliers, joint ventures, and new manufacturing plants will facilitate the liquid nitrogen market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Liquid Nitrogen Market?

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The liquid nitrogen market share growth by the CPB segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the liquid nitrogen market size and actionable market insights on post COVID-19 impact on each segment.

 

Scope of Report

Features

Included Data

Base year for market size assessment

2021

Forecast period

2021-2025

Growth momentum and forecast

Accelerate at a CAGR of 5.80%

Regional analysis

North America, APAC, Europe, South America, and MEA

Key consumer countries

US, China, Canada, UK, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Air Products and Chemicals Inc., AMCS Corp., Asia Industrial Gases Pte. Ltd., Gulf Cryo Holding CSC, LAIR LIQUIDE SA, Linde Plc, Messer Group GmbH, Mitsubishi Chemical Holdings Corp., nexAir LLC, and Statebourne Cryogenics Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

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What are the Key Factors Covered in this Liquid Nitrogen Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive liquid nitrogen market growth during the next five years
  • Precise estimation of the liquid nitrogen market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the liquid nitrogen industry across North America, APAC, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of liquid nitrogen market vendors

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Liquid Nitrogen Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.80%

Market growth 2021-2025

$ 5026.51 billion

Market structure

Fragmented

YoY growth (%)

4.23

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

North America at 44%

Key consumer countries

US, China, Canada, UK, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Air Products and Chemicals Inc., AMCS Corp., Asia Industrial Gases Pte. Ltd., Gulf Cryo Holding CSC, LAIR LIQUIDE SA, Linde Plc, Messer Group GmbH, Mitsubishi Chemical Holdings Corp., nexAir LLC, and Statebourne Cryogenics Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • CPB - Market size and forecast 2020-2025
    • F and B - Market size and forecast 2020-2025
    • Metal manufacturing and construction - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Air Products and Chemicals Inc.
      • AMCS Corp.
      • Asia Industrial Gases Pte. Ltd.
      • Gulf Cryo Holding CSC
      • LAIR LIQUIDE SA
      • Linde Plc
      • Messer Group GmbH
      • Mitsubishi Chemical Holdings Corp.
      • nexAir LLC
      • Statebourne Cryogenics Ltd.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The liquid nitrogen market growth will increase by $4552.00 million during 2019-2024.
      The liquid nitrogen market is expected to grow at a CAGR of 5.31% during 2019-2024.
      Technavio has segmented the liquid nitrogen market by end user (CPB, Food and beverages, Metal manufacturing and construction, and Others) and geographic (North America, APAC, Europe, South America, and MEA).
      Air Products and Chemicals Inc., AMCS Corp., Asia Industrial Gases Pte. Ltd., Gulf Cryo Holding CSC, L Air Liquide SA, Linde plc, Messer Group GmbH, nexAir LLC, Statebourne Cryogenics Ltd., Taiyo Nippon Sanso Corp. are a few of the key vendors in the liquid nitrogen market.
      North America will register the highest growth rate of 43.79% among the other regions. Therefore, the liquid nitrogen market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the liquid nitrogen market growth are:
      • Increasing use of cryosurgery and cryotherapy
      The liquid nitrogen market vendors should focus on grabbing business opportunities from the cpb segment as it accounted for the largest market share in the base year.
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