Global Liquid Nitrogen Market to hit US$ 17 bn by 2025 Liquid Nitrogen Market | Page 2

On-Site production was having the largest market share in liquid nitrogen market in
2017 and forecast to grow with a highest CAGR. This can be attributed to the various
benefits of the on-site production, such as low cost, easy availability of the product
and flexibility in the production. Packaged liquid nitrogen demand will gain the
significant market share in global liquid nitrogen market, owing to the strong
distribution network and increase product applications in the various end-use
segments.
Chemical & pharmaceutical was the largest end-use segment in liquid nitrogen
market and it shall create the major chunk of product demand over the forecast
period. This can be attributed to the usage of the liquid nitrogen in chemical and
pharmaceutical manufacturing. Liquid nitrogen in metal fabrication used to reduce
the heat generated while manufacturing the metals. Owing to its high-pressure
properties liquid nitrogen finds major application in the oil & gas. It is used in both
onshore and offshore operations. Liquid nitrogen is used to prevent flammable gases
from igniting and to protect the tubulars from downhole corrosion. In addition, it used
to support the drilling operations of shale gas.
U.S. liquid nitrogen market size, by transportation, 2014 - 2025 (USD Million)
2 | Page