Automotive Film Market Growth, Trends, Key Factors And Emerging Opportunities till 2021

October 14, 2021: The global Automotive Film Market size is expected to value at USD 10.13 billion by 2021. The market is subject to witness a substantial growth due to the growing demand for automotive film in exterior and interior applications. The growing utilization of automotive wraps to protect vehicles with booming automotive industry and applications of automotive films in transit advertising is expected to drive growth over the next four years.

Globally, the automotive film market is predicted to grow at CAGR of 12.0% in forecast period, providing numerous opportunities for market players to invest in research and development in the market. The growing automobile sector along with the rising consumer awareness, shifting focus towards regular maintenance of vehicles, and high-end demand for paint protection in order to avoid high maintenance costs is anticipated to fuel the growth of automotive film industry. 

Moreover, rapid industrialization, urbanization and ever-growing population is leading to the rise in standards of living and increasing disposable income, thus driving the demand for vehicles across the globe. Other factors such as increasing demand for passenger vehicles, particularly in developed economies and rise in per capita income are expected to drive the growth of the industry over the forecast period.

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The market is anticipated to expand with faster pace due to aggressive marketing strategies adopted by industry players and large investment in the OEM market. Furthermore, growing reference towards adoption of paint protection films in exterior part of the vehicle is on the rise majorly in the developed economies, thus influencing market growth over the forecast period. Automotive noise, vibration, and harshness (NVH) laminates is considered as one of the fastest growing segment in the automotive film market with substantial revenue generation in the last couple of years. Growing popularity of the automotive noise, vibration, and harshness (NVH) laminates is credited to the variation in the consumer preferences and requirement in the enhanced ride quality and comfort.

The automotive noise, vibration and harshness (NVH) laminates provides noise cancellation and limits harshness, thus substantially improving overall ride quality. These factors play a major in the growth of the automotive film industry, in the recent years. Increasing adoption of various components such as covered release liner, epoxy resin, polyester papers, scratch resistance casing, shades, metal composites, and UV inhibitors, thus enhances durability, improves overall shelf life of the product, and performance of window films recast period, which in turn is expected to aid market growth for window tints.

Development of co-extrusion technology, which is widely used during production of bio-based polyester film, is responsible for limiting use of fossil fuels and offer enhanced carbon footprint, thus attributing to the expansion of the automotive tinting film market in recent years. Increasing adoption of the multilayer nanotechnology during manufacturing of automotive films with the use of polyester, acrylic glass, and PEN resin is expected to accelerate market demand. Windshield is vital in vehicle as it provides protection against heat, ultra-violet rays and pollutants on a large scale. With the adoption of automotive films for the production of windshield further aids in the reducing heat and glare to offer better visibility.

The automotive film market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the increasing adoption of latest technologies in automotive sector, growing vehicle production, increasing demand of lavish& exotic vehicles in terms of production and sales, and existence of well-established automotive infrastructure. Asia-Pacific region is predicted to hold major market share in the automotive film industry with massive growth in forecast period.

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Countries such as India, South Korea, China and Japan are leading the Asia-Pacific market with growing demand in automotive sector, increasing demand for window films through OEMs and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the automotive film industry are 3M Company, Eastman Chemical Company, LLC, Global Window Films, and The Solar Gard.

Market Segment:

Product Outlook (Volume in ‘000 Sq. Meters, Revenue, USD Million, 2011 - 2021)

    • Tinting Films

    • Paint Protection Films

    • NVH Film Laminates

    • Wrap Films

Application Outlook (Volume in ‘000 Sq. Meters, Revenue, USD Million, 2011 - 2021)

    • Interior

    • Exterior

Function Outlook (Volume in ‘000 Sq. Meters, Revenue, USD Million, 2011 - 2021)

    • Protection

    • NVH

Channel Outlook (Volume in ‘000 Sq. Meters, Revenue, USD Million, 2011 - 2021)

    • OEM

    • Aftermarket

Regional Outlook (Volume in ‘000 Sq. Meters, Revenue, USD Million, 2011 - 2021)

    • North America

        • U.S.

    • Europe

    • Asia Pacific

        • China

        • India

        • Japan & Korea

    • Rest of World

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Electric Motor Sales Market Key Competitors And Growth Forecast Analysis Report till 2025

October 13, 2021: Global Electric Motor Sales Market is anticipated to reach USD 155.3 billion by 2025. Electric motors are extensively used in compressors, industrial fans, pumps, machine tools, domestic appliances, automated robots, lathe machines, HVAC applications, power tools, disk drives, and electric cars.

The factors that propel the growth of the Electric Motor Sales industry include growing demand for automobile production and power utilities along with the increase in residential and commercial infrastructure development, particularly in the emerging countries. On the other hand, there are factors that may hamper the growth of the market including high capital investments, and low adoption rate. Electric Motor Sales Market is anticipated to grow at a significant CAGR of 4.2% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

The market may be explored by type, application, voltage, output power, and geography. Electric Motor Sales industry may be explored by type as AC Motors, and DC Motors. The “AC Motors” segment led the market in 2016 and is anticipated to maintain its dominance by 2025 owing to widespread use across application parts such as robotics and irrigation pumps.

The key applications that could be explored in the Electric Motor Market include Motor Vehicles, Industrial Machinery, HVAC Equipment, Aerospace & Transportation, Household Appliances, Others. The “Motor Vehicles” segment led the market in 2016 and is anticipated to maintain its dominance by 2025 due to surge in electric vehicle manufacturing across the world.

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The Electric Motor Sales industry could be explored based on Voltage as < 1 kV (Low), 1 kV–6.6 kV (Medium), and > 6.6 kV (High). The “< 1 kV (Low)” segment led the market in 2016 and is anticipated to maintain its dominance by 2025 due to rapid growth in the power sector. The market may be analyzed by output power as < 1 hp (Fractional horsepower), and > 1 hp (Integral horsepower).

Asia-Pacific accounted for the major share of the Electric Motor Sales Market Size in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth includes constant surge in the manufacture of motor driven systems, such as HVAC equipment, household appliances, and industrial, in foremost nations, such as India, Singapore, China, Indonesia, and South Korea.

Some of the key players that fuel the growth of the Electric Motor Sales industry comprise Siemens AG, ABB Ltd., General Electric Company, Denso Corporation, Nidec Corporation, Allied Motion Technologies, Inc., Bosch Group, Ametek, Inc., Emerson Electric Co., Johnson Electric Holdings Limited, Hitachi, Ltd., Regal Beloit Corporation, WEG, Rockwell Automation, ARC Systems, Inc., Toshiba International Corporation, and Baldor Electric Co. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Market Segment:

Motor Type Outlook (Revenue, USD Billion, 2014 - 2025)

    • AC Motor (Revenue, USD Billion, Volume Billion Units; 2014 - 2025)

        • Synchronous AC Motor

        • Induction AC Motor

    • DC Motor (Revenue, USD Billion, Volume Billion Units; 2014 - 2025)

        • Brushed DC Motor

        • Brushless DC Motor

    • Hermetic Motor

Power Output Outlook (Revenue, USD Billion, 2014 - 2025)

    • Integral HP Output

    • Fractional HP Output

Application Outlook (Revenue, USD Billion, 2014 - 2025)

    • Industrial Machinery

    • Motor Vehicles

    • HVAC Equipment

    • Aerospace & Transportation

    • Household Appliances

    • Others

Regional Outlook (Revenue, USD Billion, 2014 - 2025)

    • North America

    • Europe

    • Asia Pacific

    • Latin America and Middle East & Africa (LAMEA)

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Defoamers Market Overview, Size, Share, Growth Factors, Demand and Trends Forecast till 2025

October 13, 2021: The global Defoamers Market is estimated to touch US$ 4.4 billion by the completion of the prediction period. The market was appreciated by US$ 2.93 billion in the year 2016. Growing investment on the process of water treatment through the world has motivated the international market. Additionally, development in manufacture of paper & pulp in emerging areas of the world has powered the demand. The market estimated to develop at a CAGR of 4.7% for the duration of the prediction.

The Defoamers or else antifoaming mediators are the chemical additives that decrease and impede the development of foam in manufacturing procedures. The Defoamers market on the source of Type of Application could span Foodstuff & liquid refreshment, Agrochemicals, Paper & pulp, Water treatment, Coatings, and Others.

The subdivision of Paper & Pulp is the prominent application sector of international market in the year 2016, tracked by subdivision of Coatings. The subdivision of Paper & Pulp application created about 28% stake of the entire income in the year 2016. The subdivision expected to carry on by way of the prominent sector above the prediction period.

The subdivision of Agrochemicals expected to be the speedily developing application sector above the prediction period. Growing demand for greater price harvest together with increasing alertness between agriculturalists expected to strengthen the development of subdivision of agrochemicals. Usage of Defoamers for the duration of the manufacture and use of agrochemicals is likely to upsurge due to their practical effectiveness.

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The Defoamers market on the source of Type of Product could span Silicone centered, Water centered, Oil centered, and others. The subdivision of Silicone centered Defoamers ruled the international market in the year 2016. It was responsible for a stake of over and above 38%. Paper & Pulp manufacturing has pressed the demand for silicone-centered products due to its flexibility and procedure responsiveness.

The subdivision of Water-centered Defoamers expected to observe the speedy development percentage for the duration of prediction. Conservational paybacks linked with water-centered Defoamers have powered their demand in numerous uses. It is free from hydrocarbon oil. They do not tip to the discharge of unstable carbon-based content in the atmosphere.

The Defoamers market on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage in these areas, for the duration of the prediction could span North America [U.S.A, Canada and Mexico], Europe [Germany, U.K.], Asia Pacific [India, China], Central & South America [Brazil], Middle East & Africa.

By the source of geography, Asia Pacific is responsible for the prominent stake of the international market. It was responsible for about 42% stake of the entire income in the year 2016. Emerging markets in this area comprising Singapore, Malaysia, Thailand, Indonesia, China and India takes proficient strong industrialized development. Developing sum of paper & pulp producers, increasing emphasis on water reprocessing, and favorable development of coatings business has pushed the development in Asia Pacific.

Growing alertness about atmosphere in emerging nations of Asia Pacific estimated to motivate important demand for water-centered products. China expected to lead the area of Asia Pacific above the following a small number of years, due to speedy development in paper & Pulp and coatings businesses.

The Asia Pacific is tracked by North America. It was responsible for a stake of over 21% of the entire income in the year 2016. The U.S.A. was the foremost end user in North America, tracked by Canada. Prerequisite for high-class products in end-user businesses together with strict ecological rules was the important tendency predominant in North America. Water-centered Defoamers considered the biggest product subdivision in North America, due to its ecological compensations. Europe estimated to show a lethargic development above the prediction period due to advanced tendency in most important end-user businesses.

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The statement revises Trades in terms of intake of Defoamers in the market; particularly in North America, Europe, Asia Pacific, Central & South America and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field are Evonik Industries AG, Air Products and Chemicals Inc., Shin Etsu Chemical Co., Ltd, Wacker Chemie AG, BASF SE, Ashland Inc., Dow Corning Corp, Kemira Oyj, and Applied Material Solutions.

Market Segment:

Defoamers Product Outlook (Revenue, USD Million, 2014 - 2025)

    • Water-based

    • Oil based defoamers

    • Silicone based defoamers

    • Others

Defoamers Application Outlook (Revenue, USD Million, 2014 - 2025)

    • Pulp & paper

    • Coatings

    • Agrochemicals

    • Water treatment

    • Food & Beverage

    • Others

Defoamers Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

        • U.S.

        • Canada

        • Mexico

    • Europe

        • Germany

        • UK

    • Asia Pacific

        • China

        • India

    • Central & South America

        • Brazil

    • Middle East & Africa

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Cartilage Repair/Regeneration Market Key Competitors And Growth Forecast Analysis Report till 2025

October 13, 2021: The global Cartilage Repair/Regeneration Market size is expected to value at USD 6.7 billion by 2025. The market is subject to witness a substantial growth due to the increasing occurrence of bone and joint related diseases such as Osteoarthritis (OA) and arthritis, and recent technological advancements in cartilage regeneration. Growing geriatric population in across the globe, is susceptible towards Osteoarthritis (OA) and arthritis due to weakened bone structure. This in return is expected to fuel the growth of cartilage repair/regeneration industry over the forecast period.

Additionally, change in food patterns leading to obesity is considered as one of the prominent factor associated with market growth, in the recent years. Globally, the cartilage repair/regeneration market is predicted to grow at CAGR of 5.4% in forecast period, providing numerous opportunities for market players to invest in research and development in the market.

Growing prevalence of diabetes is considered as one of the critical factors driving the growth of cartilage regeneration industry, in recent years. Diabetes causes loss of cartilage leading to weakened bone structure which requires replacement of the cartilage or regeneration. Additionally, growing prevalence of obesity in various region across the globe is predicted to drive the growth of the market in upcoming years.

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The American Heart Association (AHA) has reported that the global geriatric population is expected to account for approximately twenty percent of global population in next two decades. The geriatric population is extremely susceptible to chronic diseases and is predicted to be a critical factor in driving the demand for cartilage repair procedures, thus escalating market growth in the last few years.

Increase in number of road accidents and sports-related injuries across the globe, leading to bone and joint injuries is expected to amplify the demand for cartilage repair procedures in upcoming years. The recent technological advancements in cartilage repair and regeneration procedures coupled with inception of new techniques in the market is prompting adoption of cartilage repair and regeneration procedures in the recent years. Sports injuries are one of the prominent driver for increasing adoption of cartilage repair procedures. Sports such as bicycling, skating, and skateboarding are major sources of sports related injuries.

The cartilage repair market is divided into two major types based on treatment modalities such as cell-based treatment and non-cell-based treatment. Cell-based treatment is considered as one of the fastest growing segment in the market with substantial revenue generation in the last couple of years. Growing popularity of the cell-based treatments are expected to provide lucrative growth opportunities for industry players.

Development of autologous chondrocyte transplants in surgical treatment of damaged articular cartilage including chondral and osteo-chondral lesions has led to growing demand for cartilage repair and regeneration procedures. The non-cell-based segment has also witnessed substantial growth due to lower cost and superior outcomes. The non-cell-based segment is further divided into tissue scaffolds and cell-free composites.

The cartilage repair is classified into palliative and intrinsic repair stimulus. Introduction of advanced treatment methodologies such as visco-supplementation and debridement & lavage procedure are expected to drive demand of palliative repair treatments. Visco-supplement requires injecting of hyaluronic acid onto a joint to isolate and separate synovial fluid during surgical procedure for Osteoarthritis (OA) disorders.

The cartilage regeneration industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to rising occurrence of musculoskeletal diseases, growing patient’s pool, and changing lifestyle among individuals. Asia-Pacific region is predicted to hold major market share in the cartilage regeneration market with massive growth in forecast period.

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Countries such as India, Australia, China and New Zealand are leading the Asia-Pacific market with growing geriatric population, increasing healthcare expenditure, and significant investment by leading industry players considering potential opportunities in the region. The key players in the cartilage repair/regeneration industry are Zimmer Biomet Holdings, Inc., Stryker Co., DePuySynthes, Inc., Smith & Nephew plc, Vericel Co., Osiris Therapeutics Incorporations, B. Braun Melsungen AG, Anika Therapeutics Incorporations, Arthrex, Incorporations, and Collagen Solutions Plc.

Market Segment:

Treatment Modality Outlook (Revenue, USD Million, 2014 - 2025)

    • Cell-Based

        • Chondrocyte Transplantation

        • Growth Factor Technology

    • Non-Cell-Based

        • Tissue Scaffolds

        • Cell-Free Composites

Application Outlook (Revenue, USD Million, 2014 - 2025)

    • Hyaline Cartilage

    • Fibrocartilage

Treatment Type Outlook (Revenue, USD Million, 2014 - 2025)

    • Palliative

        • Viscosupplementation

        • Debridement & Lavage

    • Intrinsic Repair Stimulus

Site Outlook (Revenue, USD Million, 2014 - 2025)

    • Knee Cartilage Repair

        • Arthroscopic Chondroplasty

        • Autologous Chondrocyte

        • Osteochondral Grafts Transplantation

        • Cell-based Cartilage Resurfacing

        • Microfracture

        • Other

    • Other

Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

        • U.S.

        • Canada

    • Europe

        • Germany

        • UK

    • Asia Pacific

        • Japan

        • China

    • Latin America

        • Brazil

        • Mexico

    • Middle East and Africa (MEA)

        • South Africa

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Pressure Monitoring Market Key Enhancement, Growth Factors Analysis, Overview and Forecast Report till 2025

October 12, 2021: Global Pressure Monitoring Market is estimated to reach USD 11.9 billion by 2025 owing to the increasing pressure fluctuations occurring in important body parts that lead to chronic disorders like glaucoma, respiratory disorders, and cardiac disorders. Blood pressure measurement is important in the diagnosing and monitoring multiple clinical conditions. It is measured with auscultatory technique (a non-invasive technique).

The pressure in the cuff is then measured with the help of sphygmomanometer (also known as a blood pressure monitor, blood pressure meter, or blood pressure gauge). Pressure monitoring industry presents a favorable approach for monitoring different types of pressures in various body parts. It is extremely crucial in identifying diverse health issues of a patient. The major pressure fluctuations in important body parts may cause several chronic and acute disorders like cardiac arrest, diabetes, and glaucoma.

The demand for pressure monitoring instruments is predicted to increase in the forecast period since they help early diagnosis of a patient’s deteriorating health condition. Additionally, the enhanced blood pressure monitoring instruments are essentially designed for subjective use which help to record patient’s health status remotely.

Patients dealing with lifestyle disorders are expected to suffer from hypertension throughout their life. Therefore, the need for pressure monitoring among these type of patients is increasing, which also increases the need for pressure monitoring instruments. The increasing aging population is yet another significant driver encouraging the growth of pressure monitoring market. The geriatric population normally suffer from hypertension and are prone to chronic disorders. This age group mostly experiences respiratory & cardiac diseases and is predicted to contribute highly toward the growth of the market in the coming years.

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Technological modernizations are also fueling the growth of the market due to the emergence of novel pressure monitoring instruments. Most products are adeptly connected to smartphones and wrist-watches that self-record their blood pressure easily. Moreover, the other major players in the pressure monitoring industry are focusing on manufacturing instruments that measure intraocular pressure for the reducing the risk of glaucoma. Major manufacturers from pressure monitoring market have resorted to new product launch as their progressive strategy to carve a niche for themselves. This has proved beneficial for the healthcare centers to present vital symptoms of data directly from root automatically that reinforces the manufacturer’s portfolio of patient monitoring instruments.

Pressure monitoring industry is categorized on the basis of product type, end-users, application, and geography. On the basis of product type, the market is divided into digital Blood Pressure monitors, android blood pressure monitors, blood pressure instrument accessories, and ambulatory blood pressure monitors.

On the basis of end-users, the market is divided into hospitals, home care settings, ASCs/clinics, diagnostic centers, and others. In terms of application, the market is classified into Respiratory, Glaucoma, and Dialysis. Geographically, pressure monitoring market is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America followed by Asia Pacific is expected to hold a larger share of the market in the forecast period.

The prominent pressure monitoring industry players mentioned here comprise Contec Medical Systems Co., A&D Company, Limited, Ltd., Halma plc, Hill-Rom Holdings, Inc., Masimo Corporation, General Electric Company, Nihon Kohden Corporation, Smiths Group Plc., Koninklijke Philips N.V., and Omron Corporation.

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Market Segment:

Pressure Monitoring Product Outlook (Revenue, USD Million, 2014 - 2025)

    • Blood Pressure Monitors/Cardiac Pressure Monitors

        • Device

            • Automated BP Monitors

            • Ambulatory BP Monitors

            • Sphygmomanometers

            • BP Transducers

        • Accessories

            • Blood Pressure Cuffs

            • Manometers

            • Valves and Tubings

            • Bulbs

        • By Technology

            • Digital

            • Aneroid

    • Pulmonary Pressure Monitors

        • Device

            • Oximeters

            • Capnographs

            • Spirometers

        • Accessories

            • Flanged Mouth Pieces

            • Nasal Probes & Plugs

            • Filters

    • Intraocular Pressure Monitors

        • Device

        • Accessories

        • Prisms

        • Tip Covers

        • Sensors

    • Intracranial Pressure Monitors

Pressure Monitoring Procedure Outlook (Revenue, USD Million, 2014 - 2025)

    • Noninvasive

    • Invasive

Pressure Monitoring Application Outlook (Revenue, USD Million, 2014 - 2025)

    • Respiratory Disorders

    • Glaucoma

    • Cardiac Disorders

    • Neurological Disorders

    • Dialysis

    • Others

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Medical Plastic Market Business Prospects, Leading Players Updates and Industry Analysis Report till 2025

October 12, 2021: The global Medical Plastics Market size is expected to value at USD 33.6 billion by 2025. The market is subject to witness a substantial growth due to the growing demand for sterilized plastics form healthcare sector. Implementation and upgradation of infection prevention standards is one of the critical factors responsible for the growth of medical plastics industry of late.

The other factors such as rise in the number of surgical, hospital, and outpatient procedures are expected to boost the market growth over the forecast period. Globally, the medical plastics market is predicted to grow at CAGR of 5.7% in forecast period, providing numerous opportunities for market players to invest in research and development in the market.

However, changes in prices of crude oil are considered as critical factors responsible for variations in the cost of materials like polyvinyl chloride (PVC), polyethylene (PE), polypropylene (PP), and polystyrene, thereby largely affecting market expansion during the forecast period. Additionally, increasing production in the Chinese market is predicted to fuel the price of raw material. Such factors are expected to negatively hamper market growth in the years to come.

Yet, rising healthcare expenditure by local governments and growing preference toward adoption of medical plastic by various clinics and healthcare professionals is predicted to boost market growth in the years to come. Furthermore, rising competition in the market is responsible for the development of innovative products, thus leading to market expansion.

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Development of advanced grade plastics and their use in the healthcare sector is predicted to drive the growth of medical plastic industry in near future. Medical plastics are extensively integrated through-out supply chain network in healthcare sector. Growing adoption of the advanced grade plastics in all four stages in the supply chain network including end-use products that are largely utilized used by the governmental clinics, number of medical institutions & facilities, and private clinics, are predicted to amplify the growth of medical plastics market over the forecast period.

Rise in the per capita income in both - developed and developing economies is likely to boost demand of the medical plastics in coming years. Medical plastics are known for their enhanced product quality and cost-effectiveness, particularly in comparison with their counterparts, leading to growing demand for the product. Higher production rate and easy availability of medical plastics are expected to drive market demand in next decade. Increasing adoption of thermoforming polypropylene by pharmaceutical companies is attributed to factors such as high strength packaging and higher impact resistance for the packaged products. Other advantages of the thermoforming polypropylene include high durability and sanitization, thus escalating market demand, in the recent years.

The integration of plastic into modern medicine has gradually risen over the past decade. Medical plastics have substantially reduced medicine costs, and pain management. Advanced polymers are increasingly adopted to manufacture new and enhanced artificial limbs. Such polymers are vital for production of plastic disposable delivery devices that are critical in limiting the risk of infection to patients. Medical plastics directly affect patient’s health condition, thus saving more lives with their prolonged use.

The medical plastics industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the adoption of the latest technologies in medicine and pharmaceutical sector and existence of well-established healthcare infrastructure. Asia-Pacific region is predicted to hold major market share in the medical plastic market with massive growth in forecast period.

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Countries such as India, China, and Japan are leading the Asia-Pacific’s market with rise in the healthcare spending, increase in incidences of lifestyle disorders and diseases, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the medical plastics industry are Celanese Co., Eastman Chemical Co., Spectrum Plastics Group, Emco Industrial Plastics, Inc., Ensinger GmbH, Connecticut Plastics Co., and Dow Chemical Co.

Market Segment:

Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Medical Device Packaging

        • Polyvinyl Chloride

        • Polypropylene

        • PETG

        • HDPE

        • Polystyrene

        • PEEK

        • Others

    • Medical Components

        • Polyvinyl Chloride

        • Polypropylene

        • Polyethylene

        • Polycarbonate

        • PEEK

        • ABS

        • Polystyrene

        • Engineering Plastics

        • Others

    • Orthopedic Implant Packaging

        • Polyvinyl Chloride

        • ABS

        • PETG

        • Polycarbonate

        • Others

    • Orthopedic Soft Goods

        • Polypropylene

        • Silicone

        • ABS

        • Polycarbonate

        • PEEK

        • Engineering Plastics

        • Wound Care

        • Polypropylene

        • Thermoplastic Polyurethanes

        • Others

    • Cleanroom Supplies

        • Polyvinyl Chloride

        • Polypropylene

        • PETG

        • Polycarbonate

        • PEEK

        • ABS

        • Polystyrene

        • Engineering Plastics

        • Others

    • BioPharma Devices

        • Polycarbonate

        • Silicone

        • Engineering plastic

        • Others

    • Mobility Aids

        • ABS

        • Polycarbonate

        • PEEK

        • Engineering plastic

        • Sterilization and Infection Prevention

        • Polypropylene

        • Silicone

        • ABS

        • Polycarbonate

        • PEEK

        • Engineering plastic

        • Tooth Implants

        • Polycarbonate

        • PEEK

        • Others

    • Denture Base Material

        • PMMA

        • Polycarbonate

        • Polyamide

        • Others

    • Other Implants

        • Polypropylene

        • Silicone

        • Polycarbonate

        • PEEK

        • Engineering Plastics

    • Others

        • Polyvinyl Chloride

        • Polypropylene

        • Polystyrene

        • Silicone

        • ABS

        • Polycarbonate

        • PEEK

        • Engineering plastic

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Liquid Nitrogen Market Key Enhancement, Growth Factors Analysis, Overview and Forecast Report till 2025

October 12, 2021: The global Liquid Nitrogen Market size is expected to value at USD 21.3 billion by 2025. The market is subject to witness a substantial growth due to the growing demand for liquid nitrogen in oil & gas sector and electronic devices market. Rise in the number of industry players that are strictly implementing environmental health and safety measure regulated by various governmental authorities to handle liquid nitrogen is expected to drive the growth of the market over the forecast period. Globally, the liquid nitrogen market is predicted to grow at CAGR of 4.4% in the forecast period, providing numerous opportunities for market players to invest in research and development in the market.

Increase in number of chemical and metal manufacturers in both - developed and developing economies across the globe are offering a lucrative opportunity for liquid nitrogen manufacturers to generate large revenue over the upcoming period. Additionally, rise in the use of the liquid nitrogen by electronics manufacturers for cooling of electronic devices during various manufacturing processes is expected to boost market demand of the liquid manufactures in the upcoming years.

Increasing adoption of liquid nitrogen as a coolant and refrigerant by a number of end-user industries like pharmaceutical, metal fabrication, and frozen food sector are anticipated to drive the growth of liquid nitrogen industry over the forecast period. Other applications of the liquid nitrogen extends to food & beverages sector, rubber & plastic manufacturing, automobile sector, electronics devices market, healthcare sector, and construction & building industry.

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Cryogenic distillation is considered as one of the fastest growing segments in the liquid nitrogen market with substantial revenue generation in the last couple of years. Growing popularity of the cryogenic distillation is attributed to its cost-effectiveness and high performance during production industrial gases such as nitrogen, argon, and oxygen.

The other factors spurring the demand for cryogenic distillation is increasing utilization in the fabrication of semiconductor devices. Cryogenic distillation is broadly adopted during the production of liquefied industrial gases because of the factors such as low initial investment and few utility requirements. Moreover, development of the latest techniques by prominent industry players for purification of gases at low temperatures with help of cryogenic distillation technology, is augmenting market growth of liquid nitrogen, in the recent years. Applications of cryogenic distillation techniques involve purification of industrial gases such as argon, oxygen, carbon monoxide, and light nitrogen.

In addition, pressure swing adsorption (PSA) technology has witnessed substantial growth with a significant CAGR over the forecast period. Pressure swing adsorption (PSA) technology offers air separation for industrial gases without requiring liquefaction. Increasing demand for pressure swing technology due to factors such as lower operational cost and enhanced capabilities is predicted to elevate market demand for the pressure swing adsorption (PSA) in the upcoming period.

Substantial investment by leading industry players in research & development for the liquid nitrogen technologies is leading development of innovative products. These factors are critical for sustaining the growth of liquid nitrogen industry during the forecast period. The liquid nitrogen market is divided by regions such as North America, Europe, Asia-Pacific, Latin America and Africa.

North America has shown major growth in recent years owing to the rise in the adoption of latest technologies, increase in the developmental activities, presence of large number of manufactures & suppliers, and existence of well-established industrial infrastructure. Asia-Pacific region is predicted to hold the major market share in the liquid nitrogen industry with massive growth in forecast period. Countries such as India, China, and Japan are leading the Asia-Pacific’s market with strong economic growth in the region, ever-growing population, rising living standards, and significant investment by leading industry players considering potential growth opportunities in the market.

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The key players in the liquid nitrogen industry are Air Liquide S.A., The Linde Group, Praxair Incorporations, Air Products & Chemicals Incorporations, Taiyo Nippon Sanso Co., Messer Group Co., Emirates Industrial Gases Corporations, Gulf Cryo Co., Southern Industrial Gas BerhadSdn. Bhd., and Nexair LLC.

Market Segment:

Liquid Nitrogen Technology Outlook (Volume, Million Tons; Revenue, USD Million, 2014 - 2025)

    • Cryogenic distillation

    • Pressure swing adsorption

    • Others

Liquid Nitrogen Function Outlook (Volume, Million Tons; Revenue, USD Million, 2014 - 2025)

    • Coolant

    • Refrigerant

Liquid Nitrogen Storage Outlook (Volume, Million Tons; Revenue, USD Million, 2014 - 2025)

    • Cylinders & packaged gas

    • Merchant liquid/ Bulk

    • Tonnage

    • Others

Liquid Nitrogen End-use Outlook (Volume, Million Tons; Revenue, USD Million, 2014 - 2025)

    • Chemicals & pharmaceuticals

    • Healthcare

    • Food & beverages

    • Metal manufacturing & construction

    • Rubber & plastic

    • Others

Liquid Nitrogen Regional Outlook (Volume, Million Tons; Revenue, USD Million, 2014 - 2025)

    • North America

        • U.S.

        • Canada

        • Mexico

    • Europe

        • UK

        • Germany

        • France

        • Belgium

    • Asia Pacific

        • China

        • India

        • Japan

        • South Korea

    • Central & South America

    • Middle East & Africa

Get in touch

At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

Contact Person: 

Ryan Manuel

Research Support Specialist, USA

Email: ryan@millioninsights.com