Florida, Feb 23:
A new report has been published by Market Research Engine titled “Liquid
Nitrogen Market by Function (Coolant, Refrigerant, Fuel), by Production
Technology, by Industry (Chemicals, Pharmaceuticals & Automotives), by
Storage, Distribution & Transportation (Cylinder & Packaged Gas) -
Global Trends and Forecast 2015 - 2022”.
The liquid
nitrogen market size is projected to grow from USD 12.48 Billion in 2015 to
USD XX Billion by 2022, at a CAGR of more than 5.00%. The liquid nitrogen
market is growing rapidly in accordance with the growth in the industrial gas
market.
Browse full report
here - http://marketresearchengine.com/reportdetails/liquid-nitrogen-market
Liquid nitrogen is being considered as a zero-emission fuel
source to hydrogen and electric fuel cells. One of the main advantages to
liquid nitrogen is its cost. In US it is for a tenth of the price of the
milk. A recent advance in engine
technology allows the energy released by vaporizing the nitrogen to be used in
a much more efficient way, which has spurred engineers in Europe into more
research on liquid nitrogen technology.
Liquid Nitrogen, as a Fuel, is future of Green cars because
it is very cheap compared to hydrogen and electric powered cars, which are seen
as Zero Emission alternatives to Petrol and Diesel.
Wherever low temperatures are needed there liquid nitrogen
is used as a cryogen. It is used in cryosurgeries, cryotherapies, and
cryopreservation to destroy decayed tissues and for removing warts, moles, skin
tags, verrucae, and some skin cancers. Additionally, it is used as a coolant in
temporary shrinking of mechanical gears at the time of machine assembly, to
make better intrusion fits. This function is projected to encourage the demand
for liquid nitrogen during the forecast period in this report.
Companies Profiled in this report are Nexair LLC. (U.S.),
Taiyo Nippon Sanso Corporation (Japan), Air Products and Chemicals Inc. (U.S.),
Gulf Cryo (United Arab Emirates), Emirates Industrial Gases Co. LLC. (United
Arab Emirates), and Southern Industrial Gas BHD (Malaysia), Linde Ag (Germany),
Praxair Inc., (U.S.) Air Liquide S.A. (France).
The Liquid Nitrogen
Market is segmented as per below:
By Function:
·
Coolant
·
Refrigerant
·
Fuel
By End-Use Industry:
·
Chemicals & pharmaceuticals
·
Automotive
·
Food & beverages
·
Healthcare
·
Metal manufacturing & construction
·
Rubber & plastic
·
Others (electronics and energy)
By Storage,
Distribution, and Transportation:
·
Cylinder & packaged distribution
·
Merchant liquid distribution
·
Tonnage distribution
By Manufacturing
Process:
·
Cryogenic distillation
·
Pressure swing adsorption
By Geography:
·
North America
·
Europe
·
Asia-Pacific
·
RoW
Related Reports:
Global Bio-polyamide
Market 2015-2019
The global bio-polyamide market to grow at a CAGR of 12.01%
over the period 2015-2019. http://marketresearchengine.com/reportdetails/global-bio-polyamide-market-2015-2019-by-infiniti-research
United States
Polyvinyl Films (PVA) Industry 2015 Market Research Report
The United States Polyvinyl Films (PVA) Industry 2015 Market
Research Report is a professional and in-depth study on the current state of
the Polyvinyl Films (PVA) industry. http://marketresearchengine.com/reportdetails/united-states-polyvinyl-films-pva-industry-2015-market-research-report-by-qyresearch
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