Liquid Nitrogen Industry Driven by Growing Demand from Pharma, Food and Beverage Industries
The global liquid nitrogen market is expected to proceed at a robust 5% CAGR over the forecast period from 2022 to 2030, according to the latest research report from Market Research Future (MRFR). The liquid nitrogen market is studied in full detail in the report, which takes a look at the historical growth trajectory of the global liquid nitrogen market to zero in on the major drivers enabling growth of the market. The key drivers and restraints affecting the global liquid nitrogen market are studied in the report. Liquid nitrogen is widely used as a refrigerant and coolant, as it is a cryogenic fluid with a boiling below -130 F. The healthcare and pharmaceutical industries have emerged as major end users of liquid nitrogen in recent years due to the growing use of liquid nitrogen for keeping medical devices and pharmaceuticals safe and protected from heat and moisture. Processing live samples is also a crucial task made easier by the use of liquid nitrogen, as liquid nitrogen c...