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Liquid nitrogen market 5.38% CAGR by 2021 made available by top research firm

Materials & Chemicals Research

Global Liquid Nitrogen Market 2017-2021 report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

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The analysts forecast global liquid nitrogen market to grow at a CAGR of 5.38% during the period 2017-2021. Liquid nitrogen is colorless, odorless, inert, non-corrosive, and non-flammable.

It has extremely low temperature and does not support life. The use of nitrogen is more in its gaseous state, but it is converted into a liquid for storage and transportation as it is more cost-effective.

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Liquid nitrogen is stored and transported in diverse types of containers depending on the use and quantity. The various containers are dewar, cryogenic liquid cylinder, and cryogenic storage tanks.

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The latest trend gaining momentum in the liquid nitrogen market is Liquid nitrogen as a potential source of primary power. Liquid nitrogen is used as a coolant, but it has potential to be used as a source of primary power.

The initiative was taken up by an innovative UK consortium. The initiative was to build a hybrid bus with a conventional diesel engine that would run on liquid nitrogen.

HORIBA MIRA and Dearman partnered for this venture, with Dearman providing a zero emission Dearman engine. The trial was a success. The major drive behind this was to address urban air pollution challenges and showcase efficiency

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Key players in the global Liquid Nitrogen market: Colgate Palmolive, P&G, Panasonic, Water Pik, and Philips. Other Prominent Vendors in the market are: Arm & Hammer, Conair, Mouth Watchers, Omron Healthcare, Summer Infant, and Brush-Baby.

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According to the liquid nitrogen market report, one of the major drivers for this market is Increasing use of cryosurgery and cryotherapy. Cryosurgery and cryotherapy are treatment techniques of using low temperature on the affected parts of the skin such as warts, seborrheic keratosis, and actinic keratosis.

The technique is also being used for treating certain types of cancers. The advantage of this method is that the process is fast, requires less time, and does not leave any scar on the surface.

The market for these techniques is expected to grow over $4 billion during the forecast period.

Further, the report states that one of the major factors hindering the growth of this market is Hazards associated with liquid nitrogen. There are many hazards associated with liquid nitrogen such as exposure to cold temperature causing severe burns and massive tissue damage and over pressurization caused when small amounts of liquid nitrogen expand into large volumes of gas.

The expansion occurs when liquid nitrogen is exposed to inadequately vented equipment as it has 700x expansion ratio. When liquid nitrogen is exposed in a closed environment, it may lead to suffocation, dizziness, nausea, vomiting, and death.

List of Exhibits
Exhibit 01: Properties of liquid nitrogen
Exhibit 02: Global liquid nitrogen market segmentation
Exhibit 03: Global liquid nitrogen market 2016 and 2021 ($ millions)
Exhibit 04: Market forecast: Global liquid nitrogen market 2016-2021
Exhibit 05: Five forces analysis
Exhibit 06: Global liquid nitrogen by end-user 2016
Exhibit 07: Global liquid nitrogen by end-user 2021
Exhibit 08: Global liquid nitrogen market for chemicals, pharmaceutical, and biotechnology sector 2016 and 2021 ($ millions)
Exhibit 09: Market forecast: Global liquid nitrogen market for chemicals, pharmaceutical, and biotechnology sector 2016-2021
Exhibit 10: Global liquid nitrogen market for food and beverages sector 2016 and 2021 ($ millions)
Exhibit 11: Market forecast: Global liquid nitrogen market for food and beverages sector 2016-2021 and more..

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