The global 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.

Increasing adoption of liquid nitrogen as a coolant and refrigerant by a number of end-user industries like pharmaceutical, metal fabrication, and frozen food sector are anticipated to drive the growth of liquid nitrogen market over the forecast period. Other applications of the liquid nitrogen extends to food & beverages sector, rubber & plastic manufacturing, automobile sector, electronics devices market, healthcare sector, and construction & building industry.

Cryogenic distillation is considered as one of the fastest growing segments in the liquid nitrogen market with substantial revenue generation in the last couple of years. The other factors spurring the demand for cryogenic distillation is increasing utilization in the fabrication of semiconductor devices. Cryogenic distillation is broadly adopted during the production of liquefied industrial gases because of the factors such as low initial investment and few utility requirements.

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Substantial investment by leading industry players in research & development for the liquid nitrogen technologies is leading development of innovative products. These factors are critical for sustaining the growth of liquid nitrogen market during the forecast period.

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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Nitrogen Market was valued at USD XXXX Billion in 2017 and is expected to reach USD XXXX Billion by 2025. The market is projected to grow at a CAGR of XXX% during the forecast period. The market is experiencing considerable growth due to the technology advancements as far as gases are concerned. Another contributing factor is the growing food & beverage and pharmaceutical industries.

Nitrogen is an odorless, colorless chemical element and is an important raw material in most industrial compounds. Nitrogen is mostly used in the form of fertilizers which are synthetically manufactured. Increased attention towards developing bio –based agrochemicals such as nitrogen fixation biofertilizers are expected to provide new opportunities for the growth of the Nitrogen market.

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The Nitrogen market outlook has helped in segmenting Nitrogen on various factors. On the basis of form it can be segmented as compressed gas and liquid nitrogen. The compressed gas is the leader and is contributes maximum share in Nitrogen market. This is due to its use in large number of industries to store petroleum liquefied explosive.

The liquid nitrogen market is segmented into food and beverages, pharmaceuticals, healthcare, electronics, metal manufacturing and fabrication chemical, oil & gas, petrochemical, and others (construction, automotive, R&D, rubber, and plastic). Industrial nitrogen market is growing due to its feature that creates a dry atmosphere resulting in foodstuff being fresh and not perishing. Based on the end-user, nitrogen can be segmented into food and beverages, pharmaceuticals and healthcare, electronics and metal manufacturing & fabrication, chemical, oil & gas, petrochemical, and others (construction, automotive, R&D, rubber, and plastic). The food and beverage industry contributed for the largest market share in 2017.

The Nitrogen Market analysis reflects a clear growth in the forecast period. However factors such as structural and regulatory restrictions are hampering the growth of industrial nitrogen market. Furthermore, high cost of production and uncertain ROIs and growth unproductivity are also some factors effecting the market growth.

The Global Nitrogen Market is dominated by players Praxair (US), Air Products and Chemicals (US), Air Liquide (France), Linde (Germany), and Taiyo Nippon Sanso (Japan). Other players in the market are Messer group (Germany), Nexair LLC (US) and Gulf Cyro (Kuwait). The market leaders used various business strategies like mergers, partnerships and acquisitions along with new product development for meeting the demand in nitrogen market.

North America is expected to have the largest market share and govern the market for liquid nitrogen during the forecast period. Asia-Pacific offers potential growth opportunities, as developing countries such as China and India are proposed to be emerging markets. This would make the Asia-Pacific region the fastest-growing market for liquid nitrogen. The growth of the liquid nitrogen market in this region is driven by factors such as the growth of the metal manufacturing & fabrication industry, rise in demand for electronic products from the rising population, and due to economic development.

Nitrogen is useful in all forms and plays a key role in the all key industries and is extensively used at various stages.

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What to expect from the upcoming report on ‘Global Nitrogen Market’:

- Future prospects and current trends of the Nitrogen market by the end of forecast period (2018-2025)

- Information regarding technological progressions as well as innovations across the world

- Supportive initiatives by government likely to influence the market dynamics.

- In-depth analysis of different market segmentations including regional segmentations, applications and types.

• Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market.

- Trends, drivers, opportunities, restraints, challenges and key developments in the market

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global nitrogen market,

In this report, we covers the present scenario (with the base year being 2017) and the growth prospects of global Nitrogen Oxide Control Systems market for 2018-2023. Nitrogen oxide (NOx) is an umbrella term used to refer to species of oxides of nitrogen, such as nitric oxide (NO) and nitrogen dioxide (NO2).

The global Nitrogen Oxide control systems market is projected to grow at a CAGR of 4.8% during the forecast period of 2017 to 2023.

Over the next five years, we projects that Nitrogen Oxide Control Systems will register a 4.8% CAGR in terms of revenue, reach US$ 23600 million by 2023, from US$ 17800 million in 2017.

This report presents a comprehensive overview, market shares, and growth opportunities of Nitrogen Oxide Control Systems market by product type, application, key manufacturers and key regions.

To calculate the market size, we considers value and volume generated from the sales of the following segments:

Segmentation by product type:

• Selective Non-Catalytic Reduction (SNCR) Reaction
• Selective Catalytic Reduction (SCR) Reaction

Segmentation by application:

• Transportation
• Industrial Application
• Energy Application
• Others

This report also splits the market by region:

• Americas
• United States
• Canada
• Mexico
• Brazil
• APAC
• China
• Japan
• Korea
• Southeast Asia
• India
• Other Regions

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:

• Siemens AG (Germany)
• Alstom (France)
• Babcock & Wilcox Co, (USA)
• Mitsubishi Hitachi Power Systems, Ltd, (Japan)
• Ducon Technologies Inc, (USA)
• Maxon (USA)
• Foster Wheeler AG (USA)

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

• To study and analyze the global Nitrogen Oxide Control Systems consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
• To understand the structure of Nitrogen Oxide Control Systems market by identifying its various subsegments.
• Focuses on the key global Nitrogen Oxide Control Systems manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
• To analyze the Nitrogen Oxide Control Systems with respect to individual growth trends, future prospects, and their contribution to the total market.
• To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

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