Global Liquid Nitrogen Market Size, Growth, Trends, Analysis and Forecast 2017-2022

According to the findings of a report available on Radiant Insights, Inc., the worldwide liquid nitrogen market is expected to exhibit a considerable growth rate over the forecast period (from 2017 to 2022). Nitrogen in the form of a colorless liquid at very low temperatures is called liquid nitrogen (LN2). It is developed commercially from the liquefication of air-derived pure nitrogen or from the cryogenic air liquification process. Liquid nitrogen can be useful in a variety of applications in industries such as construction, food and beverages, automotive, and manufacturing.

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A team of engineers at HORIBA MIRA recently developed the world’s first ever hybrid LN2-powered bus called CE Power. The new hybrid bus, which runs on both LN2 and diesel, has also successfully completed rigorous trials and tests. The CE Power uses alternative propulsion to tackle various air pollution-related concerns. The bus is integrated with a common diesel engine along with a LN2-powered Dearman Engine with zero emission and higher efficiency. The hybrid system of the bus allows it to decrease toxic tail-pipe emission levels while speeding up after stopping and enhancing local air quality.

While the bus is at below 20 mph, the LN2, in a low-pressure cylinder, warms up and generates sufficient pressure to drive the Dearman engine. When the bus reaches at 20 mph, its diesel engine kicks in, since at this speed the bus requires lesser efforts to operate.

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Rising demand for liquid nitrogen from various industry verticals such as industrial gas and electronic goods is likely to propel the growth of the global market during the next few years. Moreover, rising application areas for LN2 in sectors such as automotive, healthcare, metals and fabrication, and construction, is expected to contribute toward the growth of this market over the coming years.

Some of the leading manufacturers operating in the worldwide liquid nitrogen market are Air Liquide S.A.; Taiyo Nippon Sanso Corp.; Gulf Cryo Holding C.S.C.; Air Products and Chemicals, Inc.; Emirates Industrial Gases Co., LLC.; and Southern Industrial Gas Sdn. Bhd.

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