Industrial Liquid Nitrogen Market is
expected to display higher growth rate in the upcoming period. Rapid surge in
the market is credited to the growing demand for liquid nitrogen in oil &
gas sector and electronic devices market. Rise in the number of industry
players that are strictly implementing environmental health and safety measure
regulated by various governmental authorities to handle liquid nitrogen is
expected to drive the growth of liquid nitrogen market over the forecast
period. Globally, industrial liquid nitrogen market is predicted to generate
massive revenue over the forecast period, providing numerous opportunities for
industry participants to invest in research and development of industrial
liquid nitrogen.
Increase in number of chemical and metal manufacturers in
both developed and developing economies across the globe are offering a
lucrative opportunity for liquid nitrogen manufacturers to generate large
revenue over the upcoming period. Additionally, rise in the use of the liquid
nitrogen by electronics manufacturers for cooling of electronic devices during
various manufacturing processes is expected to boost market demand of the
liquid manufactures in the upcoming years.
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The industrial liquid nitrogen market is divided by region
as North America, Europe, Asia-Pacific, Latin America and Africa. North America
has shown major growth in recent years owing to the rise in implementation of
latest technologies, surge in number of research & development activities
and existence of well-established infrastructure in the region. In European
region, Germany, France, and United Kingdom are projected to witness steady
growth over the coming years.
Asia-Pacific region is estimated to hold a major share in
the industrial liquid nitrogen market with massive growth in forecast period.
Countries such as India, China and Singapore are leading the Asia-Pacific
market with strong economic growth in the region, ever-growing population
demands, rapid industrialization, and significant investment by leading
industry players considering potential growth opportunities in the region.
The key players in the industrial liquid nitrogen market are
Air Liquide S.A., The Linde Group, Praxair Incorporations, Air Products &
Chemicals Incorporations, Taiyo Nippon Sanso Co., Messer Group Co., Emirates
Industrial Gases Corporations, Gulf Cryo Co., Southern Industrial Gas Berhad
Sdn. Bhd., and Nexair LLC.
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