Liquid Nitrogen Market Size 2022

1. Liquid Nitrogen Market Size, Share, Top Key Players, Growth, Trend and Forecast Till 2025

2. Rapid progression in cryogenic technology development to boost adoption of liquid nitrogen in industrial applications • Technological developments have triggered a change in nearly every aspect of the industrial landscape, including cooling technologies and systems. The emergence of cooling systems has been a landmark achievement, giving humans the ability to control and manipulate temperature according to diverse needs and preferences. • Modern cooling technologies have transcended their basic objective of convenience and have given rise to evolution in many aspects of life. These technologies are evolving constantly, with many innovative and exciting cooling solutions emerging on the scene, including thermally driven air cooling, ice-powered circulation, and more. • A major component supporting this massive technological growth is liquid nitrogen. • Liquid nitrogen, also known as LN, LIN, or LN2, is a type of the element nitrogen that is able to exist in a liquid state due to its extreme coldness and demonstrates robust potential across myriad cryogenic and cooling applications. The commercial production of the substance involves liquefication of nitrogen by subjecting liquid air to fractional distillation.

3. First discovered by Polish physicists Karol Olszewski and Zygmunt Wróblewski in April 1883, liquid nitrogen is an odorless, colorless and non-toxic product used extensively in various freezing and cooling processes, due to its low reactivity and cold temperature. The application scope of the liquid nitrogen market is vast, ranging from transportation & freezing of food products to cryopreservation of medical samples like eggs, genetic and sperm samples, to coolants in vacuum pumps, superconductors, etc. to cryotherapy, among others. • Advancements in cryogenic technologies are likely to drive liquid nitrogen industry growth • One of the most notable technological advancements in recent years has been the emergence of cryogenics. Cryogenics is a low-temperature technology based on thermodynamics and physics applications. These systems have a diverse application scope, including manufacturing & engineering, food freezing, astronomy, space exploration, pharmaceuticals and life sciences, avionics, defense, energy, and LNG (liquefied natural gas) storage & transportation, to name a few. In fact, studies suggest that in the UK, cryogenics are involved in nearly 17% of the broad sectors that represent the regional economy. • LIN is one of the most common elements associated with cryogenic technology. This cryogenic liquid is used widely across various industrial purposes. For instance, the use of liquid nitrogen in automotive applications has been established by the Dearman Engine, a new clean piston engine which is powered by liquid nitrogen or liquid air expansion. Since the exhaust consists only of cold air, as opposed to CO2, carbon monoxide, and other pollutants emitted by conventional motors, this engine is designed to mitigate the emission impact of buses, commercial vehicles, and refrigerated transport solutions, in turn enhancing fuel savings.

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