Global Liquid Nitrogen Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Storage;

Cylinders and Packaged Gas.

By Function;

Coolant and Refrigerant.

By End-Use Industry;

Chemicals & Pharmaceuticals, Healthcare, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn157655568 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Liquid Nitrogen Market (USD Million), 2021 - 2031

In the year 2024, the Global Liquid Nitrogen Market was valued at USD 18,536.77 million. The size of this market is expected to increase to USD 25,395.44 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.6%.

The Global Liquid Nitrogen Market is a dynamic and essential sector within the broader industrial gases industry, catering to a wide range of applications across various sectors worldwide. Liquid nitrogen, a colorless, odorless, and non-toxic cryogenic fluid, is produced by the liquefaction of nitrogen gas through a process of compression and cooling. Its unique properties, including its low boiling point of -196°C (-321°F) at atmospheric pressure, make it indispensable for numerous industrial, medical, and scientific applications.

Liquid nitrogen finds extensive use as a refrigerant in cryogenic applications, where ultra-low temperatures are required for the preservation and storage of biological samples, medical specimens, and perishable goods. Additionally, its inert nature and non-reactivity make it suitable for use as a blanketing agent and inert atmosphere in various chemical processes, such as inert gas welding, purging, and blanketing. Liquid nitrogen serves as a coolant in industrial processes, including metal fabrication, electronics manufacturing, and semiconductor production, where precise temperature control is essential for optimizing product quality and performance.

The Global Liquid Nitrogen Market is characterized by robust demand from diverse end-use industries, including healthcare, food and beverage, metallurgy, electronics, and aerospace, among others. As industries continue to innovate and expand their operations, the demand for liquid nitrogen is expected to witness steady growth, driven by its critical role in enhancing process efficiency, product quality, and safety. Ongoing advancements in cryogenic technologies, coupled with increasing investments in research and development, are poised to further stimulate market growth and foster the emergence of new applications and opportunities.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Storage
    2. Market Snapshot, By Function
    3. Market Snapshot, By End-Use Industry
    4. Market Snapshot, By Region
  4. Global Liquid Nitrogen Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing demand from healthcare and pharmaceutical industries
        2. Increasing applications in food processing and preservation
        3. Expansion of industrial sectors requiring cryogenic solutions
        4. Rising adoption of alternative energy storage solutions
        5. Expansion of cold chain logistics and distribution networks
      2. Restraints
        1. Safety concerns associated with handling and storage of cryogenic fluids
        2. Limited availability of skilled workforce for cryogenic operations
        3. Challenges in maintaining cryogenic temperatures in harsh environments
        4. Potential risks of cryogenic leaks and accidents
        5. Limited awareness and understanding of cryogenic technologies
      3. Opportunities
        1. Development of advanced cryogenic materials and equipment
        2. Integration of cryogenic solutions in renewable energy systems
        3. Expansion of cryopreservation and biobanking facilities
        4. Development of cryogenic cooling systems for data centers
        5. Expansion of cryogenic medical treatments and therapies
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Liquid Nitrogen Market, By Storage, Distribution & Transportation, 2021 - 2031 (USD Million)
      1. Cylinders
      2. Packaged Gas
    2. Global Liquid Nitrogen Market, By Function, 2021 - 2031 (USD Million)
      1. Coolant
      2. Refrigerant
    3. Global Liquid Nitrogen Market, By End-Use Industry, 2021 - 2031 (USD Million)
      1. Chemicals & Pharmaceuticals
      2. Healthcare
      3. Transportation
      4. Others
    4. Global Liquid Nitrogen Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Air Products and Chemicals Inc. (U.S.)
      2. Linde Plc (Germany)
      3. Praxair Technology Inc., (U.S.)
      4. NEXAIR. (U.S.)
      5. Air Liquide S.A. (France)
      6. Taiyo Nippon Sanso Corporation (Japan)
      7. Gulf Cryo (UAE)
      8. Emirates Industrial Gases Co. LLC. (UAE)
      9. Southern Industrial San Bhd (Malaysia)
      10. Universal Industrial Gases Inc, (U.S.)
      11. Yingde Gases Group (China)
      12. Messer Group (Germany)
      13. AMCS Corporation (U.S.)
      14. Statebourne Cryogenics (U.S.)
      15. AIGA (Singapore)
  7. Analyst Views
  8. Future Outlook of the Market