nitrogen demand in India stood at 510.27 KTPA in 2018 and is
projected to grow at a CAGR of approximately 10% during 2019-2030.
Increase usage of liquid nitrogen in varied range of medical activities such as
cryosurgeries, cryotherapies and cryopreservation, etc., is expected to spur
demand for liquid nitrogen during forecast period. Moreover, liquid nitrogen is
widely used as a coolant in a wide range of application sectors such as
petrochemical, automotive, food and beverage, construction, electronics and
metal fabrications owing to its low temperature property, which is further fueling
demand for liquid nitrogen across India. Additionally, capacity expansion in
steel industry sector and increasing capacity utilization is further expected
to drive India liquid nitrogen market during forecast period.
for this Report:
Historical Years: 2013 – 2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020 – 2030
Objective of the Study:
- The primary
objective of the study was to evaluate and forecast liquid
nitrogen capacity, production, demand, inventory, and demand–supply gap in
categorize liquid nitrogen demand based on end use, region
and sales channel.
- To identify
major customers of liquid nitrogen in India.
- To evaluate
and forecast liquid nitrogen pricing in India.
- To identify
and profile major companies operating in India liquid nitrogen market.
- To identify major news, deals and expansion
plans in India liquid nitrogen market.
Some of the major players operating
in India liquid
nitrogen market are Praxair India Private Limited, Linde India Limited, INOX
Air Products Private Limited, Air Liquide India Private Limited, Bhuruka Gases
limited, Southern Gas Limited, etc.
To extract data for India liquid nitrogen market,
primary research surveys were conducted with liquid nitrogen manufacturers, suppliers,
distributors, wholesalers and end users. While interviewing, the respondents
were also inquired about their competitors. Through this technique, TechSci
Research was able to include manufacturers that could not be identified due to
the limitations of secondary research. Moreover, TechSci Research analyzed
various end user segments and projected a positive outlook for India liquid nitrogen
market over the coming years.
Research calculated liquid nitrogen demand in India
by analyzing the historical data and demand forecast was carried out
considering power tariffs. TechSci Research sourced these values from industry
experts and company representatives and externally validated through analyzing
historical sales data of respective manufacturers to arrive at the overall
market size. Various secondary sources such as company websites, association
reports, annual reports, etc., were also studied by TechSci Research.
- Liquid nitrogen manufacturers and
forums and alliances related to liquid nitrogen distribution
bodies such as regulating authorities and policy makers
- Market research organizations and consulting
The study is useful in providing
answers to several critical questions that are important for industry
stakeholders, such as liquid nitrogen manufacturers, distributors and
policymakers. The report also provides useful insights about which market
segments should be targeted over the coming years to strategize investments and
capitalize on growth opportunities.
In this report, India liquid nitrogen market
has been segmented into following categories:
With the given
market data, TechSci Research offers customizations according to a company’s
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