Liquid Nitrogen Market by End-Use Industry (Chemicals & Pharmaceuticals), by Storage, Distribution & Transportation (Cylinder & Packaged Gas), by Function (Coolant, Refrigerant), by Production Technology (Cryogenic Distillation) – Global Forecast to 2020

““Increasing demand for electronics to drive the liquid nitrogen market”

The liquid nitrogen market size is projected to grow from USD 12.48 billion in 2015 to USD 16.14 billion by 2020, at a CAGR of 5.28%. The liquid nitrogen market is driven by factors such as rise in demand for electronic products in developing countries and the growing demand from healthcare sector market.

“Pressure swing adsorption to gain maximum traction during the forecast period”
The pressure swing adsorption segment is projected to be the fastest-growing production technology in the next five years. It can be a cost-effective technique of onsite generation of nitrogen for a broad range of purity and flow requirements. Cryogenic distillation is estimated to have the largest market share during the forecast period. It is the most widely used technique for producing high purity oxygen, nitrogen, and argon on an industrial scale, as it is one of the cost-effective and economic technology solutions for plants with high production rate plants.
Asia-Pacific is estimated to be the fastest growing region.
North America is estimated to have the largest market share during the forecast period in the liquid nitrogen market. Asia-Pacific is projected to grow at the highest CAGR from 2015 to 2020. The Asia-Pacific region is the most attractive market for liquid nitrogen owing to the rapid socio-economic development in the region. The growth of this region is supplemented by the expansion of the metal manufacturing industry in developing economies such as India and China. The demand for liquid nitrogen is primarily driven by developing countries for applications in various industries such as health care, energy, and electronics.

Breakdown of Primaries
Primary interviews were conducted with a number of industry experts in order to collect data related to different aspects of the liquid nitrogen market. Estimates reached after analyzing secondary sources were validated through these interviews. Primary sources include professionals such as liquid nitrogen manufacturers, distributors, and academic professionals. The distribution of primary interviews is as follows:

By Company Type: Tier 1: 43%; Tier 2: 33%; Tier 3: 24%

By Designation: C-level: 40%; Director level: 35%; Others*: 25%

By Region: North America: 40%; Europe: 20%; Asia-Pacific: 25%; RoW: 15%

Note: *Others include sales managers, marketing managers, and product managers.
The tier of the companies is defined on the basis of their total revenue, as of 2013.
Tier 1: Revenue > USD 10 billion; Tier 2: USD 1 billion to USD 10 billion; Tier 3: Revenue < USD 1 billion The various key liquid nitrogen providers profiled in the report are as follows: 1. The Linde Group (Germany) 2. Praxair Inc. (U.S.) 3. Nexair LLC. (U.S.) 4. Air Products and Chemicals, Inc. (U.S.) 5. Taiyo Nippon Sanso Corporation (Japan) 6. Messer Group (Germany) 7. Air Liquide S.A. (France) 8. Gulf Cryo (United Arab Emirates) 9. Emirates Industrial Gases Co. LLC. (United Arab Emirates) 10. Southern Industrial Gas Berhad (Malaysia) Reasons to buy the report. The report will help the market leaders/new entrants in this market in the following ways: 1. This report segments the liquid nitrogen market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across the different verticals and regions. 2. The report helps stakeholders to understand the market and provides them information on key market drivers, restraints, challenges, and opportunities. 3. This report will help stakeholders to better understand their competitors and gain more insights into their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, agreements, partnerships and joint ventures, and mergers & acquisitions. "

“TABLE OF CONTENTS

1 INTRODUCTION 25
1.1 OBJECTIVES OF THE STUDY 25
1.2 MARKET DEFINITION 25
1.3 STUDY SCOPE 26
1.3.1 PERIODIZATION CONSIDERED FOR THE LIQUID NITROGEN MARKET 26
1.4 CURRENCY CONSIDERED FOR THE LIQUID NITROGEN MARKET 27
1.5 UNIT CONSIDERED FOR THE LIQUID NITROGEN MARKET 27
1.6 STAKEHOLDERS 27
2 RESEARCH METHODOLOGY 28
2.1 RESEARCH DATA 28
2.1.1 SECONDARY DATA 29
2.1.1.1 Key data from secondary sources 29
2.1.2 PRIMARY DATA 30
2.1.2.1 Key data from primary sources 30
2.1.2.2 Breakdown of primary interviews 31
2.2 FACTOR ANALYSIS 31
2.2.1 INTRODUCTION 31
2.2.2 DEMAND-SIDE ANALYSIS 31
2.2.2.1 Rising population 32
2.2.2.2 Increasing income and spending capacity 33
2.2.3 SUPPLY-SIDE ANALYSIS 33
2.2.3.1 Industry regulations 34
2.2.3.2 Fluctuations in fuel prices 34
2.3 MARKET SIZE ESTIMATION 35
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 38
2.5 MARKET SHARE ESTIMATION 38
2.6 RESEARCH ASSUMPTIONS & LIMITATIONS 39
2.6.1 ASSUMPTIONS 39
2.6.2 ASSUMPTIONS MADE FOR THIS STUDY 39
2.6.3 LIMITATIONS 40
 
3 EXECUTIVE SUMMARY 41
3.1 CHEMICALS & PHARMACEUTICALS IS PROJECTED TO ACCOUNT FOR THE LARGEST SHARE BY 2020 42
3.2 NORTH AMERICA IS PROJECTED TO DOMINATE THE GLOBAL LIQUID NITROGEN MARKET BY 2020 43
3.3 THE INDIAN MARKET IS PROJECTED TO GROW AT THE HIGHEST CAGR FROM 
2015 TO 2020 44
4 PREMIUM INSIGHTS 46
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE LIQUID NITROGEN MARKET 46
4.2 LIQUID NITROGEN MARKET IN THE ASIA-PACIFIC REGION 47
4.3 EMERGING AND DEVELOPED MARKETS FOR LIQUID NITROGEN, 2015 VS. 2020 49
5 MARKET OVERVIEW 50
5.1 INTRODUCTION 50
5.2 MARKET EVOLUTION 50
5.3 LIQUID NITROGEN MARKET SEGMENTATION 51
5.3.1 BY END-USE INDUSTRY 52
5.3.2 BY FUNCTION 52
5.3.3 BY STORAGE, TRANSPORTATION & DISTRIBUTION 52
5.4 MARKET DYNAMICS 53
5.4.1 DRIVERS 54
5.4.1.1 Electronic products have seen an increased demand 54
5.4.1.2 Healthcare sector has seen a steady growth 55
5.4.1.3 Growing food & beverage industry 55
5.4.2 RESTRAINTS 56
5.4.2.1 Structural and Regulatory Restrictions 56
5.4.3 OPPORTUNITIES 56
5.4.3.1 High demand from chemical industry 56
5.4.4 CHALLENGES 57
5.4.4.1 Intricate manufacturing process 57
6 INDUSTRY TRENDS 58
6.1 INTRODUCTION 58
6.2 VALUE CHAIN 59
6.3 PORTER’S FIVE FORCES ANALYSIS 60
6.3.1 THREAT OF NEW ENTRANTS 61
6.3.2 THREATS OF SUBSTITUTES 61
6.3.3 BARGAINING POWER OF SUPPLIERS 62
6.3.4 BARGAINING POWER OF BUYERS 62
6.3.5 INTENSITY OF COMPETITIVE RIVALRY 63
 
7 LIQUID NITROGEN MARKET, BY END-USE INDUSTRY 64
7.1 INTRODUCTION 65
7.1.1 LIQUID NITROGEN MARKET, BY END-USE INDUSTRY 66
7.1.1.1 Chemicals & pharmaceuticals is the fastest-growing segment for liquid nitrogen during the review period 66
7.2 HEALTHCARE 67
7.3 FOOD & BEVERAGES 67
7.4 CHEMICALS & PHARMACEUTICALS 67
7.5 METAL MANUFACTURING & CONSTRUCTION 67
7.6 RUBBER & PLASTIC 67
7.7 OTHERS 68
8 LIQUID NITROGEN MARKET, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION 69
8.1 INTRODUCTION 70
8.1.1 LIQUID NITROGEN MARKET, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION 71
8.1.1.1 Cylinder & packaged gas segment is projected to grow at the highest CAGR 71
8.2 CYLINDERS & PACKAGED GAS 72
8.3 MERCHANT LIQUID/BULK 73
8.4 TONNAGE 73
9 LIQUID NITROGEN MARKET, BY FUNCTION 74
9.1 INTRODUCTION 75
9.1.1 LIQUID NITROGEN MARKET, BY FUNCTION 75
9.1.1.1 Coolant projected to be the fastest-growing function in liquid nitrogen, by 2020 75
9.2 COOLANT 76
9.2.1 COOLANT IN LIQUID NITROGEN MARKET, BY END-USE INDUSTRY 77
9.2.1.1 Chemicals & pharmaceuticals dominated the market in 2014 77
9.3 REFRIGERANT 78
9.3.1 REFRIGERANT IN LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY 78
9.3.1.1 Food & beverages projected to be the fastest-growing end-use industry of refrigerant, by 2020 78
10 LIQUID NITROGEN MARKET, BY PRODUCTION TECHNOLOGY 80
10.1 INTRODUCTION 81
10.1.1 LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY 81
10.1.1.1 Cryogenic distillation dominated the market, by production technology, in 2014 81
10.2 CRYOGENIC DISTILLATION 82
10.3 PRESSURE SWING ADSORPTION 83
11 LIQUID NITROGEN MARKET, BY REGION 84
11.1 INTRODUCTION 85
11.1.1 LIQUID NITROGEN MARKET SIZE, BY REGION 86
11.1.1.1 North America dominated the market for liquid nitrogen in 2014 86
11.2 NORTH AMERICA 88
11.2.1.1 North America: Liquid nitrogen market size, by country 89
11.2.1.1.1 U.S. is projected to be the fastest-growing market by 2020 89
11.2.1.2 North America: Liquid nitrogen market size, by end-use industry 90
11.2.1.2.1 North American market driven by growing chemicals 
& pharmaceuticals industry 90
11.2.1.3 North America: Liquid nitrogen market size, by storage, distribution 
& transportation 91
11.2.1.3.1 Cylinder & packaged gas distribution segment dominated the market in North America 91
11.2.1.4 North America: Liquid nitrogen market size, by function 92
11.2.1.4.1 Coolant segment accounted for the largest share owing to its growing function in the liquid nitrogen industry 92
11.2.1.5 North America: Liquid nitrogen market size, by production technology 93
11.2.1.5.1 Pressure swing adsorption segment to grow at the highest rate by 2020 93
11.2.2 U.S. 94
11.2.2.1 U.S.: Liquid nitrogen market size, by end-use industry 94
11.2.2.1.1 Chemicals & pharmaceuticals segment dominated 
the market in the U.S., in 2014 94
11.2.2.2 U.S.: Liquid nitrogen market size, by storage, distribution 
& transportation 95
11.2.2.2.1 Cylinder & packaged gas distribution segment dominated the market in 2014 95
11.2.2.3 U.S.: Liquid nitrogen market size, by function 96
11.2.2.3.1 Coolant showing signs of potential growth in the U.S. 96
11.2.2.4 U.S.: Liquid nitrogen market size, by production technology 97
11.2.2.4.1 Cryogenic distillation segment accounted for the largest share in 2014 97
11.2.3 CANADA 98
11.2.3.1 Canada: Liquid nitrogen market size, by end-use industry 98
11.2.3.1.1 Chemicals & pharmaceuticals was the largest segment in 2014 98
11.2.3.2 Canada: Liquid nitrogen market size, by storage, distribution, 
& transportation 99
11.2.3.2.1 Cylinder & packaged gas distribution segment to grow at the highest rate by 2020 99
11.2.3.3 Canada: Liquid nitrogen market size, by function 100
11.2.3.3.1 Coolant function dominated the liquid nitrogen market in 2014 100
 
11.2.3.4 Canada: Liquid nitrogen market size, by production technology 101
11.2.3.4.1 Pressure swing adsorption segment to grow at the highest CAGR in the Canadian market 101
11.2.4 MEXICO 102
11.2.4.1 Mexico: Liquid nitrogen market size, by end-use industry 102
11.2.4.1.1 Mexican liquid nitrogen market, by end-use industry, was dominated by Chemicals & pharmaceuticals segment in 2014 102
11.2.4.2 Mexico: Liquid nitrogen market size, by storage, distribution, 
& transportation 103
11.2.4.2.1 Cylinder & packaged gas distribution segment to grow at the highest rate by 2020 103
11.2.4.3 Mexico: Liquid nitrogen market size, by function 104
11.2.4.3.1 Refrigerant segment to grow at the second-highest rate 
by 2020 104
11.2.4.4 Mexico: Liquid nitrogen market size, by production technology 105
11.2.4.4.1 Cryogenic distillation segment dominated the market in 2014 105
11.3 ASIA-PACIFIC 106
11.3.1 ASIA-PACIFIC: LIQUID NITROGEN MARKET SIZE, BY COUNTRY 107
11.3.1.1 China dominated the Asia-Pacific Liquid nitrogen in 2014 107
11.3.1.2 Asia-Pacific: Liquid nitrogen market size, by end-use industry 108
11.3.1.2.1 Chemicals & pharmaceuticals accounted for the largest market share in 2014, by value 108
11.3.1.3 Asia-Pacific: Liquid nitrogen market size, by storage, distribution, 
& transportation 109
11.3.1.3.1 Cylinder & packaged gas distribution to grow at the highest CAGR by 2020 109
11.3.1.4 Asia-Pacific: Liquid nitrogen market size, by function 110
11.3.1.4.1 Coolant to grow at the highest rate by 2020 110
11.3.1.5 Asia-Pacific: Liquid nitrogen market size, by production technology 111
11.3.1.5.1 Cryogenic distillation was the largest market in 2014 111
11.3.2 CHINA 112
11.3.2.1 China: Liquid nitrogen market size, by end-use industry 112
11.3.2.1.1 Growing chemicals & pharmaceuticals industry is driving the liquid nitrogen market in China 112
11.3.2.2 China: Liquid nitrogen market size, by storage, distribution, 
& transportation 113
11.3.2.2.1 Cylinder & packaged gas distribution dominated 
the Chinese market 113
11.3.2.3 China: Liquid nitrogen market size, by function 114
11.3.2.3.1 Coolant dominated the market in China 114
11.3.2.4 China: Liquid nitrogen market size, by production technology 115
11.3.2.4.1 Cryogenic distillation projected to grow at the highest rate by 2020 115
 
11.3.3 INDIA 116
11.3.3.1 India: liquid nitrogen market size, by end-use industry 116
11.3.3.1.1 Chemicals & pharmaceuticals projected to grow at 
the highest rate by 2020 116
11.3.3.2 India: liquid nitrogen market size, by storage, distribution 
& transportation 117
11.3.3.2.1 Cylinder & packaged gas distribution dominated the market in 2014 117
11.3.3.3 India: liquid nitrogen market size, by function 118
11.3.3.3.1 Liquid nitrogen market in India is largely driven by growth in the income of middle-class population 118
11.3.3.4 India: Liquid nitrogen market size, by production technology 119
11.3.3.4.1 Cryogenic distillation showing potential for growth in India 119
11.3.4 JAPAN 120
11.3.4.1 Japan: Liquid nitrogen market size, by end-use industry 120
11.3.4.1.1 Chemicals & pharmaceuticals to grow at the highest CAGR by 2020 120
11.3.4.2 Japan: Liquid nitrogen market size, by storage, distribution 
& transportation 121
11.3.4.2.1 Cylinder & packaged gas distribution dominated 
the market in 2014 121
11.3.4.3 Japan: Liquid nitrogen market size, by function 122
11.3.4.3.1 Function of liquid nitrogen in coolant was the highest in 2014 122
11.3.4.4 Japan: Liquid nitrogen market size, by production technology 123
11.3.4.4.1 Cryogenic distillation projected to grow at the highest rate by 2020 123
11.3.5 SOUTH KOREA 124
11.3.5.1 South Korea: Liquid nitrogen market size, by end-use industry 124
11.3.5.1.1 Food & beverage to grow at the second-highest CAGR 
by 2020 124
11.3.5.2 South Korea: Liquid nitrogen market size, by storage, distribution 
& transportation 125
11.3.5.2.1 Merchant liquid distribution to grow at the second highest rate by 2020 125
11.3.5.3 South Korea: Liquid nitrogen market size, by function 126
11.3.5.3.1 Function of liquid nitrogen in coolant was the largest in 2014 126
11.3.5.4 South Korea: Liquid nitrogen market size, by production technology 127
11.3.5.4.1 Cryogenic distillation accounted for the largest market share in 2014 127
11.3.6 REST OF ASIA-PACIFIC 128
11.3.6.1 Rest of Asia-Pacific: Liquid nitrogen market size, by end-use industry 128
11.3.6.1.1 Chemicals & pharmaceuticals held the largest share in the rest of APAC liquid nitrogen market 128
 
11.3.6.2 Rest of Asia-Pacific: Liquid nitrogen market size, 
by storage, distribution & transportation 129
11.3.6.2.1 Cylinder & Packaged Gas Distribution was the largest market in 2014 129
11.3.6.3 Rest of Asia-Pacific: Liquid nitrogen market size, by function 130
11.3.6.3.1 Refrigerant was the second-largest function for liquid nitrogen in 2014 130
11.3.6.4 Rest of Asia-Pacific: Liquid nitrogen market size, 
by production technology 131
11.3.6.4.1 Pressure swing adsorption was the second-largest market in 2014 131
11.4 EUROPE 133
11.4.1.1 Europe: Liquid nitrogen market size, by country 134
11.4.1.1.1 Germany held the largest share in the European liquid nitrogen market 134
11.4.1.2 Europe: Liquid nitrogen market size, by end-use industry 135
11.4.1.2.1 Chemicals & pharmaceuticals to grow at the highest CAGR by 2020 135
11.4.1.3 Europe: Liquid nitrogen market size, by storage, distribution, 
& transportation 136
11.4.1.3.1 Cylinder & packaged gas distribution dominated the market in Europe 136
11.4.1.4 Europe: Liquid nitrogen market size, by function 137
11.4.1.4.1 Coolant dominated the market in Europe in 2014 137
11.4.1.5 Europe: Liquid nitrogen market size, by production technology 138
11.4.1.5.1 Cryogenic distillation dominated the liquid nitrogen in Europe 138
11.4.2 GERMANY 139
11.4.2.1 Germany: Liquid nitrogen market size, by end-use industry 139
11.4.2.1.1 Chemicals & pharmaceuticals accounted for the largest market share in 2014 139
11.4.2.2 Germany: Liquid nitrogen market size, by storage, distribution, 
& transportation 140
11.4.2.2.1 Merchant liquid distribution was the second-largest market in 2014 in Germany 140
11.4.2.3 Germany: Liquid nitrogen market size, by function 141
11.4.2.3.1 Refrigerant was the second-largest market in 2014 in Germany 141
11.4.2.4 Germany: Liquid nitrogen market size, by production technology 142
11.4.2.4.1 Cryogenic distillation accounted for the largest market share in 2014 142
11.4.3 FRANCE 143
11.4.3.1 France: Liquid nitrogen market size, by end-use industry 143
11.4.3.1.1 Chemicals & pharmaceuticals projected to grow at 
the highest rate by 2020 143
 
11.4.3.2 France: Liquid nitrogen market size, by storage, distribution, 
& transportation 144
11.4.3.2.1 Cylinder & packaged gas distribution accounted for 
the largest share in France 144
11.4.3.3 France: Liquid nitrogen market size, by function 145
11.4.3.3.1 Coolant dominated the liquid nitrogen market in 2014 145
11.4.3.4 France: Liquid nitrogen market size, by production technology 146
11.4.3.4.1 Cryogenic distillation dominated the liquid nitrogen market in 2014 146
11.4.4 U.K. 147
11.4.4.1 U.K.: Liquid nitrogen market size, by end-use industry 147
11.4.4.1.1 Food & beverages projected to grow at the second-highest rate 147
11.4.4.2 U.K.: Liquid nitrogen market size, by storage, distribution, 
& transportation 148
11.4.4.2.1 Cylinder & packaged gas distribution showing growth potential in the U.K. 148
11.4.4.3 U.K.: Liquid nitrogen market size, by function 149
11.4.4.3.1 Coolant dominated the U.K. market for Liquid nitrogen 149
11.4.4.4 U.K.: Liquid nitrogen market size, by production technology 150
11.4.4.4.1 Cryogenic distillation dominated the U.K. market for liquid nitrogen 150
11.4.5 BELGIUM 151
11.4.5.1 Belgium: Liquid nitrogen market size, by end-use industry 152
11.4.5.1.1 Food & beverages to grow at the second-highest rate 
by 2020 in Belgium 152
11.4.5.2 Belgium: Liquid nitrogen market size, by storage, distribution, 
& transportation 153
11.4.5.2.1 Cylinder & packaged gas distribution showing growth potential in Belgium 153
11.4.5.3 Belgium: Liquid nitrogen market size, by function 153
11.4.5.3.1 Coolant segment dominated the Belgium market for liquid nitrogen 153
11.4.5.4 Belgium: Liquid nitrogen market size, by production technology 154
11.4.5.4.1 Cryogenic distillation dominated the Belgium market for liquid nitrogen 154
11.4.6 REST OF EUROPE 155
11.4.6.1 Rest of Europe: Liquid nitrogen market size, by end-use industry 155
11.4.6.1.1 Chemicals & pharmaceuticals to grow at the highest CAGR by 2020 155
11.4.6.2 Rest of Europe: Liquid nitrogen market size, by storage, distribution, & transportation 156
11.4.6.2.1 Merchant liquid distribution projected to grow at the second-highest CAGR by 2020 156
11.4.6.3 Rest of Europe: Liquid nitrogen market size, by function 157
11.4.6.3.1 Coolant segment accounted for the largest share in 2014 and is also projected to grow at the highest CAGR by 2020 157
11.4.6.4 Rest of Europe: Liquid nitrogen market size, by production technology 158
11.4.6.4.1 Cryogenic distillation to grow at the second-highest rate 
by 2020 158
11.5 ROW 160
11.5.1.1 RoW: Liquid nitrogen market size, by country 161
11.5.1.1.1 Brazil dominated the RoW liquid nitrogen market in 2014 161
11.5.1.2 RoW: Liquid nitrogen market size, by end-use industry 162
11.5.1.2.1 Food & beverages segment to grow at the second-highest rate by 2020 162
11.5.1.3 RoW: Liquid nitrogen market size, by storage, distribution, 
& transportation 163
11.5.1.3.1 Cylinder & packaged gas distribution segment dominated the market in 2014 163
11.5.1.4 RoW: Liquid nitrogen market size, by function 164
11.5.1.4.1 Coolant segment dominated the market in 2014, in RoW 164
11.5.1.5 RoW: Liquid nitrogen market size, by production technology 165
11.5.1.5.1 Pressure swing adsorption segment is projected to have potential growth by 2020 165
11.5.2 BRAZIL 166
11.5.2.1 Brazil: Liquid nitrogen market size, by end-use industry 166
11.5.2.1.1 Liquid nitrogen market in Brazil was dominated by the chemicals & pharmaceuticals segment in 2014 166
11.5.2.2 Brazil: Liquid nitrogen market size, by storage, distribution, 
& transportation 167
11.5.2.2.1 Cylinder & packaged gas distribution to grow at the highest rate by 2020 167
11.5.2.3 Brazil: Liquid nitrogen market size, by function 168
11.5.2.3.1 Coolant segment dominated the Brazilian market for liquid nitrogen in 2014 168
11.5.2.4 Brazil: Liquid nitrogen market size, by production technology 169
11.5.2.4.1 Pressure swing adsorption segment is projected to grow at the highest CAGR by 2020 169
11.5.3 SAUDI ARABIA 170
11.5.3.1 Saudi Arabia: Liquid nitrogen market size, by end-use industry 170
11.5.3.1.1 Chemicals & pharmaceuticals segment dominated the market in Saudi Arabia 170
11.5.3.2 Saudi Arabia: Liquid nitrogen market size, by storage, distribution, 
& transportation 171
11.5.3.2.1 Cylinder & packaged gas distribution segment projected to grow at the highest rate by 2020 171
11.5.3.3 Saudi Arabia: Liquid nitrogen market size, by function 172
11.5.3.3.1 Coolant segment is expected to have potential growth opportunities by 2020 172
11.5.3.4 Saudi Arabia: Liquid nitrogen market size, by production technology 173
11.5.3.4.1 Cryogenic distillation segment dominated the market in 2014 173
 
11.5.4 SOUTH AFRICA 174
11.5.4.1 South Africa: Liquid nitrogen market size, by end-use industry 174
11.5.4.1.1 Chemicals & pharmaceuticals segment dominated 
the market in South Africa 174
11.5.4.2 South Africa: Liquid nitrogen market size, by storage, distribution, 
& transportation 175
11.5.4.2.1 Merchant liquid distribution segment projected to grow at the second-highest rate by 2020 175
11.5.4.3 South Africa: Liquid nitrogen market size, by function 176
11.5.4.3.1 Coolant segment is expected to have potential growth opportunities by 2020 176
11.5.4.4 South Africa: Liquid nitrogen market size, by production technology 177
11.5.4.4.1 Cryogenic distillation segment dominated the market in 2014 177
11.5.5 OTHER ROW COUNTRIES 178
11.5.5.1 Other RoW. Countries: Liquid nitrogen market size, by end-use industry 178
11.5.5.1.1 Chemicals & pharmaceuticals segment projected to grow at the highest rate by 2020 178
11.5.5.2 Other RoW. Countries: Liquid nitrogen market size, 
by storage, distribution, & transportation 179
11.5.5.2.1 Cylinder & packaged gas distribution segment is projected to grow at the highest CAGR by 2020 179
11.5.5.3 Other RoW Countries: Liquid nitrogen market size, by function 180
11.5.5.3.1 Refrigerant segment is projected to grow at the second-highest CAGR by 2020 180
11.5.5.4 Other RoW Countries: Liquid nitrogen market size, 
by production technology 181
11.5.5.4.1 Cryogenic distillation segment accounted for the largest market share in 2014 181
12 COMPETITIVE LANDSCAPE 183
12.1 OVERVIEW 183
12.2 DEVELOPMENT ANALYSIS 184
12.3 COMPETITIVE SITUATIONS & TRENDS 185
12.4 PARTNERSHIPS, AGREEMENTS, AND JOINT VENTURES– THE KEY GROWTH STRATEGY, 2011–2015 185
12.4.1 PARTNERSHIPS, AGREEMENTS, AND JOINT VENTURES 186
12.4.2 EXPANSIONS 187
12.4.3 MERGERS & ACQUISITIONS 188
12.4.4 NEW PRODUCT LAUNCHES 189
 
13 COMPANY PROFILES 190
(Company at a Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
13.1 INTRODUCTION 190
13.2 THE LINDE GROUP 191
13.3 PRAXAIR INC. 194
13.4 AIR LIQUIDE S.A. 197
13.5 AIR PRODUCTS AND CHEMICALS, INC. 200
13.6 GULF CRYO 203
13.7 SOUTHERN INDUSTRIAL GAS BERHAD 204
13.8 MESSER GROUP 206
13.9 EMIRATES INDUSTRIAL GASES CO. LLC 208
13.10 TAIYO NIPPON SANSO CORPORATION 209
13.11 NEXAIR LLC 211
*Details on company at a glance, recent financials, products & services, strategies & insights, & recent developments might not be captured in case of unlisted companies.
14 APPENDIX 212
14.1 INSIGHTS OF INDUSTRY EXPERTS 212
14.2 DISCUSSION GUIDE 213
14.3 COMPANY DEVELOPMENTS 216
14.3.1 PARTNERSHIPS, AGREEMENTS, AND JOINT VENTURES 216
14.3.2 EXPANSIONS 218
14.3.3 MERGERS & ACQUISITIONS 219
14.3.4 NEW PRODUCT LAUNCHES 220
14.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 221
14.5 AVAILABLE CUSTOMIZATIONS 222
“
“LIST OF TABLES

TABLE 1 LIQUID NITROGEN MARKET SNAPSHOT 41
TABLE 2 END-USE INDUSTRY & DESCRIPTION 52
TABLE 3 MANUFACTURING PROCESS & DESCRIPTION 52
TABLE 4 DISTRIBUTION MODE & DESCRIPTION 52
TABLE 5 THE STANDARD BY COMPRESSED GAS ASSOCIATION: 56
TABLE 6 LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (USD MILLION) 66
TABLE 7 LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (MILLION TONS) 66
TABLE 1 LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION & TRANSPORTATION, 2013–2020 (USD MILLION) 71
TABLE 2 LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION & TRANSPORTATION, 2013–2020 (MILLION TONS) 71
TABLE 3 REGULATIONS ON TRANSPORTATION AND STORAGE OF GAS CYLINDERS 72
TABLE 4 LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 2013–2020 (USD MILLION) 75
TABLE 5 LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 2013–2020 (MILLION TONS) 76
TABLE 6 COOLANT: LIQUID NITROGEN MARKET SIZE, BY END-USE, 
2013–2020 (USD MILLION) 77
TABLE 7 COOLANT: LIQUID NITROGEN MARKET SIZE, BY END-USE, 
2013–2020 (MILLION TONS) 77
TABLE 8 REFRIGERANT: LIQUID NITROGEN MARKET SIZE, BY END-USE, 
2013–2020 (USD MILLION) 78
TABLE 9 REFRIGERANT: LIQUID NITROGEN MARKET SIZE, BY END-USE, 
2013–2020 (MILLION TONS) 79
TABLE 10 LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 
2013–2020 (USD MILLION) 81
TABLE 11 LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 
2013–2020 (MILLION TONS) 82
TABLE 12 LIQUID NITROGEN MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 86
TABLE 13 LIQUID NITROGEN MARKET SIZE, BY REGION, 2013–2020 (MILLION TONS) 86
TABLE 14 NORTH AMERICA: LIQUID NITROGEN MARKET SIZE, BY COUNTRY, 
2013–2020 (USD MILLION) 89
TABLE 15 NORTH AMERICA: LIQUID NITROGEN MARKET SIZE, BY COUNTRY, 
2013–2020 (MILLION TONS) 89
TABLE 16 NORTH AMERICA: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (USD MILLION) 90
TABLE 17 NORTH AMERICA: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (MILLION TONS) 90
TABLE 18 NORTH AMERICA: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (USD MILLION) 91
TABLE 19 NORTH AMERICA: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (MILLION TONS) 91
TABLE 20 NORTH AMERICA: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 
2013–2020 (USD MILLION) 92
TABLE 21 NORTH AMERICA: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 
2013–2020 (MILLION TONS) 92
TABLE 22 NORTH AMERICA: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 2013–2020 (USD MILLION) 93
TABLE 23 NORTH AMERICA: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 2013–2020 (MILLION TONS) 93
TABLE 24 U.S.: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (USD MILLION) 94
TABLE 25 U.S.: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (MILLION TONS) 95
TABLE 26 U.S.: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (USD MILLION) 95
TABLE 27 U.S.: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (MILLION TONS) 96
TABLE 28 U.S.: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 2013–2020 (USD MILLION) 96
TABLE 29 U.S.: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 2013–2020 (MILLION TONS) 96
TABLE 30 U.S.: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 
2013–2020 (USD MILLION) 97
TABLE 31 U.S.: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 
2013–2020 (MILLION TONS) 97
TABLE 32 CANADA: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (USD MILLION) 98
TABLE 33 CANADA: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (MILLION TONS) 99
TABLE 34 CANADA: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (USD MILLION) 99
TABLE 35 CANADA: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (MILLION TONS) 100
TABLE 36 CANADA: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 
2013–2020 (USD MILLION) 100
TABLE 37 CANADA: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 
2013–2020 (MILLION TONS) 100
TABLE 38 CANADA: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 
2013–2020 (USD MILLION) 101
TABLE 39 CANADA: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 
2013–2020 (MILLION TONS) 101
TABLE 40 MEXICO: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (USD MILLION) 102
TABLE 41 MEXICO: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (MILLION TONS) 103
TABLE 42 MEXICO: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (USD MILLION) 103
TABLE 43 MEXICO: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (MILLION TONS) 104
TABLE 44 MEXICO: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 
2013–2020 (USD MILLION) 104
TABLE 45 MEXICO: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 
2013–2020 (MILLION TONS) 104
TABLE 46 MEXICO: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 
2013–2020 (USD MILLION) 105
TABLE 47 MEXICO: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 
2013–2020 (MILLION TONS) 105
TABLE 48 ASIA-PACIFIC: LIQUID NITROGEN MARKET SIZE, BY COUNTRY, 
2013–2020 (USD MILLION) 107
TABLE 49 ASIA-PACIFIC: LIQUID NITROGEN MARKET SIZE, BY COUNTRY, 
2013–2020 (MILLION TONS) 107
TABLE 50 ASIA-PACIFIC: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (USD MILLION) 108
TABLE 51 ASIA-PACIFIC: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (MILLION TONS) 108
TABLE 52 ASIA-PACIFIC: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (USD MILLION) 109
TABLE 53 ASIA-PACIFIC: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (MILLION TONS) 109
TABLE 54 ASIA-PACIFIC: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 
2013–2020 (USD MILLION) 110
TABLE 55 ASIA-PACIFIC: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 
2013–2020 (MILLION TONS) 110
TABLE 56 ASIA-PACIFIC: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 2013–2020 (USD MILLION) 111
TABLE 57 ASIA-PACIFIC: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 2013–2020 (MILLION TONS) 111
TABLE 58 CHINA: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (USD MILLION) 112
TABLE 59 CHINA: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (MILLION TONS) 113
TABLE 60 CHINA: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (USD MILLION) 113
TABLE 61 CHINA: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (MILLION TONS) 114
TABLE 62 CHINA: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 2013–2020 (USD MILLION) 114
TABLE 63 CHINA: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 
2013–2020 (MILLION TONS) 114
TABLE 64 CHINA: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 
2013–2020 (USD MILLION) 115
TABLE 65 CHINA: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 
2013–2020 (MILLION TONS) 115
TABLE 66 INDIA: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (USD MILLION) 116
TABLE 67 INDIA: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (MILLION TONS) 117
TABLE 68 INDIA: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (USD MILLION) 117
TABLE 69 INDIA: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (MILLION TONS) 118
TABLE 70 INDIA: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 2013–2020 (USD MILLION) 118
TABLE 71 INDIA: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 2013–2020 (MILLION TONS) 118
TABLE 72 INDIA: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 
2013–2020 (USD MILLION) 119
TABLE 73 INDIA: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 
2013–2020 (MILLION TONS) 119
TABLE 74 JAPAN: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (USD MILLION) 120
TABLE 75 JAPAN: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (MILLION TONS) 121
TABLE 76 JAPAN: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (USD MILLION) 121
TABLE 77 JAPAN: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (MILLION TONS) 122
TABLE 78 JAPAN: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 2013–2020 (USD MILLION) 122
TABLE 79 JAPAN: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 
2013–2020 (MILLION TONS) 122
TABLE 80 JAPAN: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 
2013–2020 (USD MILLION) 123
TABLE 81 JAPAN: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 
2013–2020 (MILLION TONS) 123
TABLE 82 SOUTH KOREA: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (USD MILLION) 124
TABLE 83 SOUTH KOREA: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (MILLION TONS) 125
TABLE 84 SOUTH KOREA: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (USD MILLION) 125
TABLE 85 SOUTH KOREA: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (MILLION TONS) 126
TABLE 86 SOUTH KOREA: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 
2013–2020 (USD MILLION) 126
TABLE 87 SOUTH KOREA: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 
2013–2020 (MILLION TONS) 127
TABLE 88 SOUTH KOREA: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 2013–2020 (USD MILLION) 127
TABLE 89 SOUTH KOREA: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 2013–2020 (MILLION TONS) 128
TABLE 90 REST OF ASIA-PACIFIC: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 2013–2020 (USD MILLION) 128
TABLE 91 REST OF ASIA-PACIFIC: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 2013–2020 (MILLION TONS) 129
TABLE 92 REST OF ASIA-PACIFIC: LIQUID NITROGEN MARKET SIZE, 
BY STORAGE, DISTRIBUTION & TRANSPORTATION, 2013–2020 (USD MILLION) 129
TABLE 93 REST OF ASIA-PACIFIC: LIQUID NITROGEN MARKET SIZE, 
BY STORAGE, DISTRIBUTION & TRANSPORTATION, 2013–2020 (MILLION TONS) 130
TABLE 94 REST OF ASIA-PACIFIC: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 
2013–2020 (USD MILLION) 130
TABLE 95 REST OF ASIA-PACIFIC: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 
2013–2020 (MILLION TONS) 131
TABLE 96 REST OF ASIA-PACIFIC: LIQUID NITROGEN MARKET SIZE, 
BY PRODUCTION TECHNOLOGY, 2013–2020 (USD MILLION) 131
TABLE 97 REST OF ASIA-PACIFIC: LIQUID NITROGEN MARKET SIZE, 
BY PRODUCTION TECHNOLOGY, 2013–2020 (MILLION TONS) 132
TABLE 98 EUROPE: LIQUID NITROGEN MARKET SIZE, BY COUNTRY, 
2013–2020 (USD MILLION) 134
TABLE 99 EUROPE: LIQUID NITROGEN MARKET SIZE, BY COUNTRY, 
2013–2020 (MILLION TONS) 134
TABLE 100 EUROPE: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (USD MILLION) 135
TABLE 101 EUROPE: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (MILLION TONS) 135
TABLE 102 EUROPE: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (USD MILLION) 136
TABLE 103 EUROPE: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (MILLION TONS) 136
TABLE 104 EUROPE: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 
2013–2020 (USD MILLION) 137
TABLE 105 EUROPE: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 
2013–2020 (MILLION TONS) 137
TABLE 106 EUROPE: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 
2013–2020 (USD MILLION) 138
TABLE 107 EUROPE: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 
2013–2020 (MILLION TONS) 138
TABLE 108 GERMANY: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (USD MILLION) 139
TABLE 109 GERMANY: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (MILLION TONS) 140
TABLE 110 GERMANY: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (USD MILLION) 140
TABLE 111 GERMANY: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (MILLION TONS) 141
TABLE 112 GERMANY: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 
2013–2020 (USD MILLION) 141
TABLE 113 GERMANY: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 
2013–2020 (MILLION TONS) 141
TABLE 114 GERMANY: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 
2013–2020 (USD MILLION) 142
TABLE 115 GERMANY: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 
2013–2020 (MILLION TONS) 142
TABLE 116 FRANCE: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (USD MILLION) 143
TABLE 117 FRANCE: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (MILLION TONS) 144
TABLE 118 FRANCE: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (USD MILLION) 144
TABLE 119 FRANCE: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (MILLION TONS) 145
TABLE 120 FRANCE: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 
2013–2020 (USD MILLION) 145
TABLE 121 FRANCE: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 
2013–2020 (MILLION TONS) 145
TABLE 122 FRANCE: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 
2013–2020 (USD MILLION) 146
TABLE 123 FRANCE: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 
2013–2020 (MILLION TONS) 146
TABLE 124 U.K.: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (USD MILLION) 147
TABLE 125 U.K.: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (MILLION TONS) 148
TABLE 126 U.K.: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (USD MILLION) 148
TABLE 127 U.K.: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (MILLION TONS) 149
TABLE 128 U.K.: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 2013–2020 (USD MILLION) 149
TABLE 129 U.K.: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 2013–2020 (MILLION TONS) 149
TABLE 130 U.K.: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 
2013–2020 (USD MILLION) 150
TABLE 131 U.K.: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 
2013–2020 (MILLION TONS) 150
TABLE 132 BELGIUM: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (USD MILLION) 151
TABLE 133 BELGIUM: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (MILLION TONS) 152
TABLE 134 BELGIUM: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (USD MILLION) 152
TABLE 135 BELGIUM: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (MILLION TONS) 153
TABLE 136 BELGIUM: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 
2013–2020 (USD MILLION) 153
TABLE 137 BELGIUM: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 
2013–2020 (MILLION TONS) 154
TABLE 138 BELGIUM: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 
2013–2020 (USD MILLION) 154
TABLE 139 BELGIUM: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 
2013–2020 (MILLION TONS) 155
TABLE 140 REST OF EUROPE: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (USD MILLION) 155
TABLE 141 REST OF EUROPE: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (MILLION TONS) 156
TABLE 142 REST OF EUROPE: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (USD MILLION) 156
TABLE 143 REST OF EUROPE: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (MILLION TONS) 157
TABLE 144 REST OF EUROPE: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 
2013–2020 (USD MILLION) 157
TABLE 145 REST OF EUROPE: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 
2013–2020 (MILLION TONS) 158
TABLE 146 REST OF EUROPE: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 2013–2020 (USD MILLION) 158
TABLE 147 REST OF EUROPE: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 2013–2020 (MILLION TONS) 159
TABLE 148 ROW: LIQUID NITROGEN MARKET SIZE, BY COUNTRY, 2013–2020 (USD MILLION) 161
TABLE 149 ROW: LIQUID NITROGEN MARKET SIZE, BY COUNTRY, 2013–2020 (MILLION TONS ) 161
TABLE 150 ROW: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (USD MILLION) 162
TABLE 151 ROW: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (MILLION TONS) 162
TABLE 152 ROW: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (USD MILLION) 163
TABLE 153 ROW: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (MILLION TONS) 163
TABLE 154 ROW: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 2013–2020 (USD MILLION) 164
TABLE 155 ROW: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 2013–2020 (MILLION TONS) 164
TABLE 156 ROW: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 
2013–2020 (USD MILLION) 164
TABLE 157 ROW: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 
2013–2020 (MILLION TONS) 165
TABLE 158 BRAZIL: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (USD MILLION) 166
TABLE 159 BRAZIL: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (MILLION TONS) 167
TABLE 160 BRAZIL: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (USD MILLION) 167
TABLE 161 BRAZIL: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (MILLION TONS) 168
TABLE 162 BRAZIL: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 2013–2020 (USD MILLION) 168
TABLE 163 BRAZIL: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 
2013–2020 (MILLION TONS) 168
TABLE 164 BRAZIL: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 
2013–2020 (USD MILLION) 169
TABLE 165 BRAZIL: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 
2013–2020 (MILLION TONS) 169
TABLE 166 SAUDI ARABIA: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (USD MILLION) 170
TABLE 167 SAUDI ARABIA: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (MILLION TONS) 171
TABLE 168 SAUDI ARABIA: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (USD MILLION) 171
TABLE 169 SAUDI ARABIA: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (MILLION TONS) 172
TABLE 170 SAUDI ARABIA: LIQUID NITROGEN MARKET SIZE, BY FUNCTION,
 2013–2020 (USD MILLION) 172
TABLE 171 SAUDI ARABIA: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 
2013–2020 (MILLION TONS) 173
TABLE 172 SAUDI ARABIA: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 2013–2020 (USD MILLION) 173
TABLE 173 SAUDI ARABIA: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 2013–2020 (MILLION TONS) 173
TABLE 174 SOUTH AFRICA: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (USD MILLION) 174
TABLE 175 SOUTH AFRICA: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2013–2020 (MILLION TONS) 175
TABLE 176 SOUTH AFRICA: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (USD MILLION) 175
TABLE 177 SOUTH AFRICA: LIQUID NITROGEN MARKET SIZE, BY STORAGE, DISTRIBUTION 
& TRANSPORTATION, 2013–2020 (MILLION TONS) 176
TABLE 178 SOUTH AFRICA: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 
2013–2020 (USD MILLION) 176
TABLE 179 SOUTH AFRICA: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 
2013–2020 (MILLION TONS) 177
TABLE 180 SOUTH AFRICA: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 2013–2020 (USD MILLION) 177
TABLE 181 SOUTH AFRICA: LIQUID NITROGEN MARKET SIZE, BY PRODUCTION TECHNOLOGY, 2013–2020 (MILLION TONS) 177
TABLE 182 OTHER ROW COUNTRIES: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 2013–2020 (USD MILLION) 178
TABLE 183 OTHER ROW COUNTRIES: LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 2013–2020 (MILLION TONS) 179
TABLE 184 OTHER ROW COUNTRIES: LIQUID NITROGEN MARKET SIZE, 
BY STORAGE, DISTRIBUTION & TRANSPORTATION, 2013–2020 (USD MILLION) 179
TABLE 185 OTHER ROW COUNTRIES: LIQUID NITROGEN MARKET SIZE, 
BY STORAGE, DISTRIBUTION & TRANSPORTATION, 2013–2020 (MILLION TONS) 180
TABLE 186 OTHER ROW COUNTRIES: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 
2013–2020 (USD MILLION) 180
TABLE 187 OTHER ROW COUNTRIES: LIQUID NITROGEN MARKET SIZE, BY FUNCTION, 
2013–2020 (MILLION TONS) 181
TABLE 188 OTHER ROW COUNTRIES: LIQUID NITROGEN MARKET SIZE, 
BY PRODUCTION TECHNOLOGY, 2013–2020 (USD MILLION) 181
TABLE 189 OTHER ROW COUNTRIES: LIQUID NITROGEN MARKET SIZE, 
BY MANUFACTURING PROCESS, 2013–2020 (MILLION TONS) 182
TABLE 190 PARTNERSHIPS, AGREEMENTS, AND JOINT VENTURES, 2011–2015 186
TABLE 191 EXPANSIONS, 2011–2015 187
TABLE 192 MERGERS & ACQUISITIONS, 2011-2015 188
TABLE 193 NEW PRODUCT LAUNCHES, 2011–2015 189
“
“LIST OF FIGURES

FIGURE 1 LIQUID NITROGEN MARKET: RESEARCH DESIGN 28
FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS 31
FIGURE 3 POPULATION GROWTH HAS INCREASED TREMENDOUSLY IN 
THE LAST THREE DECADES 32
FIGURE 4 INCREASE IN TOTAL EXPENDITURE OF MIDDLE-CLASS FAMILIES 33
FIGURE 5 CRUDE OIL SPOT PRICES, 2004–2014 34
FIGURE 6 NATURAL GAS PRICES, 2004-2014 35
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 36
FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 37
FIGURE 9 DATA TRIANGULATION METHODOLOGY 38
FIGURE 10 LIQUID NITROGEN MARKET SIZE, BY END-USE INDUSTRY, 
2015 VS. 2020 (USD MILLION) 42
FIGURE 11 LIQUID NITROGEN MARKET SIZE, BY REGION, 2015 VS. 2020 (USD MILLION) 43
FIGURE 12 INDIA IS PROJECTED TO BE THE FASTEST-GROWING MARKET FOR LIQUID NITROGEN FROM 2015 TO 2020 44
FIGURE 13 CYLINDER & PACKAGED GAS IS PROJECTED TO DOMINATE THE MARKET BY 2020 45
FIGURE 14 KEY MARKET PLAYERS ADOPTED MERGERS & ACQUISITIONS AS KEY STRATEGIES FROM 2011 TO 2015 45
FIGURE 15 EMERGING ECONOMIES OFFER ATTRACTIVE OPPORTUNITIES IN 
THE LIQUID NITROGEN MARKET 46
FIGURE 16 CHEMICALS & PHARMACEUTICALS CAPTURED THE LARGEST SHARE IN 
THE EMERGING ASIA-PACIFIC MARKET IN 2014 47
FIGURE 17 COUNTRY-WISE GROWTH POTENTIAL OF LIQUID NITROGEN, 2015–2020 48
FIGURE 18 LIQUID NITROGEN MARKET: REGION-WISE SNAPSHOT, 2014 48
FIGURE 19 EMERGING MARKETS TO GROW FASTER THAN DEVELOPED MARKETS, 2015–2020 49
FIGURE 20 LIQUID NITROGEN MARKET: END-USE INDUSTRIES SNAPSHOT, 2014 49
FIGURE 21 EVOLUTION OF LIQUID NITROGEN MARKET 51
FIGURE 22 LIQUID NITROGEN MARKET SEGMENTATION 51
FIGURE 23 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 53
FIGURE 24 SILICON WAFER INDUSTRY TRENDS 54
FIGURE 25 GLOBAL HEALTHCARE SECTOR OUTLOOK FOR 2009 TO 2013 55
FIGURE 26 CHEMICALS MARKET, CAGR (2013-2020) 57
FIGURE 27 LIQUID NITROGEN VALUE CHAIN 59
FIGURE 28 PORTER’S FIVE FORCES ANALYSIS 60
FIGURE 29 CHEMICALS & PHARMACEUTICALS DOMINATED THE LIQUID NITROGEN MARKET 
IN 2015 65
FIGURE 30 CYLINDER & PACKAGED GAS SEGMENT DOMINATED THE LIQUID NITROGEN MARKET IN 2015 70
FIGURE 31 LIQUID NITROGEN MARKET, BY FUNCTION, 2015 VS. 2020 (USD MILLION) 75
FIGURE 32 CRYOGENIC DISTILLATION SEGMENT DOMINATED THE LIQUID NITROGEN MARKET IN 2015 81
FIGURE 33 GEOGRAPHICAL SNAPSHOT: ASIA-PACIFIC IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 85
FIGURE 34 INDIA POISED TO GROW AT THE HIGHEST CAGR BY 2020 87
FIGURE 35 NORTH AMERICA: MARKET SNAPSHOT 88
FIGURE 36 ASIA-PACIFIC: MARKET SNAPSHOT 106
FIGURE 37 EUROPE: MARKET SNAPSHOT 133
FIGURE 38 ROW: MARKET SNAPSHOT 160
FIGURE 39 COMPANIES ADOPTED EXPANSIONS AS THEIR KEY GROWTH STRATEGY OVER 
THE LAST FIVE YEARS 183
FIGURE 40 LIQUID NITROGEN MARKET DEVELOPMENTS, BY KEY PLAYERS, 2014 184
FIGURE 41 PARTNERSHIPS, AGREEMENTS, AND JOINT VENTURES FUELED GROWTH OF 
THE LIQUID NITROGEN MARKET (2011–2015) 185
FIGURE 42 KEY GROWTH STRATEGIES, 2011–2015 185
FIGURE 43 GEOGRAPHIC REVENUE MIX OF TOP FIVE PLAYERS 190
FIGURE 44 THE LINDE GROUP: COMPANY SNAPSHOT 191
FIGURE 45 SWOT ANALYSIS: THE LINDE GROUP 193
FIGURE 46 PRAXAIR INC.: COMPANY SNAPSHOT 194
FIGURE 47 SWOT ANALYSIS: PRAXAIR INC. 196
FIGURE 48 AIR LIQUIDE S.A.: COMPANY SNAPSHOT 197
FIGURE 49 AIR LIQUIDE S.A.: SWOT ANALYSIS 199
FIGURE 50 AIR PRODUCTS AND CHEMICALS, INC.: COMPANY SNAPSHOT 200
FIGURE 51 AIR PRODUCTS AND CHEMICALS, INC.: SWOT ANALYSIS 202
FIGURE 52 SOUTHERN INDUSTRIAL GAS BERHAD: COMPANY SNAPSHOT 204
FIGURE 53 MESSER GROUP: COMPANY SNAPSHOT 206
FIGURE 54 TAIYO NIPPON SANSO CORPORATION: COMPANY SNAPSHOT 209
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