Pune, India -- (SBWIRE) -- 08/22/2018 -- Growing electronics to promote growth in the liquid nitrogen market over 2018 to 2024

The key factor driving the market growth is the rising uses of liquid nitrogen in the food processing owing to the ecofriendly and less time consuming properties of liquid nitrogen as well as they do not affect the quality, texture and color of the products. In addition, growing electronics, healthcare and food and beverage industries are likely to boost the growth of liquid nitrogen market. However, the direct contact related issues of liquid nitrogen is expected to restrain the market growth of liquid nitrogen. Moreover, rising applications of liquid nitrogen in cryotherapies, cryosurgeries, and cryopreservation for curing skin, removing skin tags, skin cancers, and moles are projected to create various opportunities in the liquid nitrogen market in upcoming years.

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North America region to contribute to growth in the global Liquid nitrogen market over the upcoming years

North America accounts for the largest market share in the liquid nitrogen market. The frozen ice cream is one of the trending food product in the North America region. The liquid nitrogen is used to produce frozen ice cream. In addition, Asia pacific is growing at a fastest rate in the liquid nitrogen market. The rapidly growing automotive, metal, fabrication, food processing industries are creates the demand of liquid nitrogen which is expected to escalate the market growth in this region.

Linde LLC's upgrade their industrial gases plant in Delaware, US       

In March 2018, Linde LLC's upgrade their industrial gases plant in Delaware, US to increased their liquid and gaseous product production capabilities. This will be the largest liquid merchant plant in the country and result in a 15% reduction in electricity consumption. This expansion plans include installation of a new air separation unit (ASU) at the Claymont site which will produce 1,200 tonnes per day (tpd) of liquid oxygen (O2), nitrogen (N2) and argon (Ar), as well as 400 tpd of gaseous products.

Praxair Starts up H2 and N2 Supply for YARA and BASF'S Freeport Ammonia Plant

In April 2018, Praxair, Inc. (Danbury, Conn.; www.praxair.com) has started to supply hydrogen and nitrogen to Yara Freeport LLC, a world-scale ammonia plant in Freeport, Texas. The plant, which is a joint venture between Yara International and BASF, has a capacity of 750,000 metric tons per year (m.t. /yr). Under the long-term agreement, Praxair supplies approximately 170 million standard cubic feet per day of hydrogen and 2,000 tons per day of nitrogen to the plant.

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Report Highlights:

The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global hydrogen peroxide market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of hydrogen peroxide market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the hydrogen peroxide market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the hydrogen peroxide market to understand the present and future trends in this market and formulate their strategies accordingly.