NEW YORK, Oct. 21, 2021 The liquid nitrogen market is set to grow by USD 5026.51 billion from 2021 and 2025, and register a CAGR of 5.80%, according to Technavio's latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentationwill accelerateduring the forecast period. 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. are some of the major market participants. The increasing adoption of cryosurgery,cryotherapy's increasedapplication in cryogenics, and safety concerns in the food and beverages industry will offer immense growth opportunities. However, factors such as hazards associated with liquid nitrogenmay threaten the growth of the market.
Liquid Nitrogen market 2021-2025: Segmentation
Liquid Nitrogen Market 2021-2025: Vendor Analysis and Scope
To help businesses improve their market position, Technavio's report provides a detailed analysis of around 25 vendors operating in the market. Also, toleveragethe current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.
The report also covers the following areas:
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Liquid Nitrogen Market 2021-2025: Key Highlights
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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
USD 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 the forecast period
Customization purview
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About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [emailprotected]Website: http://www.technavio.com/
SOURCE Technavio
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Liquid Nitrogen Market to accelerate at a CAGR of 5.80% by 2025|Increased Application in Cryogenics to upheave Growth|17000+ Technavio Reports -...
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