JERSEY CITY, NJ, October 26, 2021 / PRNewswire / – Verified Market Research recently published a report, “Liquid nitrogen market“By storage, distribution and transport (distribution of tonnage, distribution of merchantable liquid and distribution of bottles and packaging), by manufacturing process (cryogenic distillation and pressure-modulated adsorption), by end user (manufacture and construction of metals, healthcare, food and beverage) and geography.According to verified market research, the global liquid nitrogen market size was estimated to be $ 15.22 billion in 2020 and should reach $ 21.83 billion by 2028, with a CAGR of 4.74% from 2021 to 2028.
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202 – Slips
126 – Tables
37 – Figures
Global Liquid Nitrogen Market Overview
Liquid nitrogen is the fractional distillation of liquid air that involves sharing the two covalent bonds of nitrogen. It is an inert cryogenic fluid with a temperature of – 196 Â° C. It is inert, colorless, odorless, non-corrosive and non-flammable nitrogen. Liquid nitrogen is produced commercially by compressing and cooling nitrogen gas to a point below its evaporation point at about -196 Â° C. The most common application of liquid nitrogen is cryogenic refrigerant. Liquid nitrogen contains a large amount of air (80%) so it can be made easily with high heat capacity representing long retention time. This liquid is used as a coolant in superconductors, vacuum pumps and other materials and equipment.
In the medical sector, liquid nitrogen is used for shielding liquid helium used for MRIs and cold medical and aesthetic treatments. It is also used to remove unwanted skin, precancerous cells, warts, and cryogenics. Liquid nitrogen generally considered to be cryogenic liquid capable of freezing rapidly on contact with living cells. Therefore, it is used in the cryopreservation of biological samples, such as semen, ova and animal genetic samples.
Key developments in Liquid nitrogen market
- In March 2021, Linde and Bluefors have signed an agreement to create cooling solutions for large-scale quantum computers.
- In june 2017, Air Products has signed an agreement with Linde to build new York industrial gas plant. Through this new venture, East Coast Nitrogen, the company produces 1,100 tonnes per day of liquid nitrogen, liquid oxygen and liquid argon at the existing Air Products site.
The main players in the market are Linde Group, Gulf Cryo, Nexair LLC., Praxair Inc., Air Liquide SA, Messer Group, Taiyo Nippon Sanso Corporation, Air Products and Chemicals, Inc., Emirates Industrial Gases Co. LLC. And Southern Industrial Gas Berhad.
Verified market research segmented the global liquid nitrogen market on the basis of storage, distribution and transportation, manufacturing process, end user, and geography.
- Liquid nitrogen market, by storage, distribution and transport
- Breakdown of tonnage
- Distribution of liquid merchant
- Distribution of bottles and packaging
- Liquid Nitrogen Market, By Manufacturing Process
- Cryogenic distillation
- Adsorption by pressure variation
- Liquid Nitrogen Market, By End User
- Metal fabrication and construction
- Health care
- food and drinks
- Chemicals and Pharmaceuticals
- Liquid nitrogen market by geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Latin America
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