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Global Liquid Nitrogen Market: By Function: Coolant, Refrigerant; By Technology: Cryogenic Distillation, Pressure Swing Adsorption; By Storage; By End Use; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Value Chain Analysis; Price Analysis; Competitive Landscape; Industry Events and Developments

Global Liquid Nitrogen Market Outlook

The global liquid nitrogen market is expected to grow at a CAGR of 4% in the forecast period of 2023-2028.

 

Global Liquid Nitrogen Market

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Increasing Demand in Chemical and Pharmaceutical Sector to Augment the Liquid Nitrogen Industry Growth

Based on end use, the chemical and pharmaceutical segment accounted for a significant share in the market and it is projected to experience a robust growth during the forecast period. Liquid nitrogen is used to cool catalyst-filled reactors in the chemical and pharmaceutical industries. The increasing use of liquid nitrogen in the pharmaceutical industry to maintain the cold reaction temperature for drugs is expected to drive the market growth further.

Another important end use sector of liquid nitrogen was rubber and plastics, as liquid nitrogen in rubber production is used as a refrigerant in deflashing systems. Because of its ultracool temperature, it reduces the need for pre-cooling and can rapidly lower the flash temperature, thus, lowering cycle times and improving transportability. In addition, ultracold, inert nitrogen can help minimise the generation of heat during the grinding process, resulting in high-quality, very thin, uniformly shaped particles. This is expected to further propel the industry forward.

 

Liquid Nitrogen: Market Segmentation

Nitrogen in a liquid state is referred to as liquid nitrogen. Liquid nitrogen is used for cryopreservation, cryosurgery, and cryo medicine since it allows supercooling down to approximately -200°C. Due to its favourable properties, liquid nitrogen is invaluable for storing blood and bone marrow cells, sperm, ova, early embryos, and a host of microorganisms in the microbiology laboratory (bacteria, fungi, and others). A super-chilled scalpel can be used to cut cancer tissue during cryosurgery. Liquid nitrogen is widely used in dermatology to freeze healthy growths, precancers, and skin cancers.

 

Global Liquid Nitrogen Market By Storage

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By function, the market is bifurcated into:

  • Coolant
  • Refrigerant 

Based on technology, the market is bifurcated into:

  • Cryogenic Distillation 
  • Pressure Swing Adsorption 

On the basis of storage, the market is divided into:

  • Cylinders and Packaged Gas 
  • Merchant Liquid 
  • Tonnage 
  • Others

The market is divided based on end use into:

  • Chemical and Pharmaceutical
  • Healthcare
  • Food and Beverage
  • Metal Manufacturing
  • Construction
  • Rubber and Plastic
  • Others

The regional markets for liquid nitrogen can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Liquid Nitrogen Market By Region

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Increasing Demand for Coolants and the Thriving Healthcare Sector to Throttle the Growth of the Liquid Nitrogen Industry

The increasing demand for liquid nitrogen to function as a coolant in a variety of end-use industries, including metal processing and construction, chemical and pharmaceuticals, and healthcare, among others is driving the growth of the market. The rising demand for cylinders and packaged gas has further contributed to the growth of the market. During the forecast period, tonnage delivery and merchant liquid distribution verticals of the storage segment are expected to be the major distribution modes of the product.

Over the projected era, the healthcare industry is expected to witness a robust growth and rapid technological advancements. The increasing use of mobile technologies in the healthcare sector is expected to further propel the market growth. Furthermore, the steady growth of the automotive industry and the increased car production around the world are anticipated to further boost the liquid nitrogen industry expansion.

 

Key Industry Players in the Global Liquid Nitrogen Market

The report gives a detailed analysis of the following key players in the global liquid nitrogen market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Linde plc
  • Air Products Inc.
  • Praxair Technology, Inc
  • Taiyo Nippon Sanso Corporation
  • Southern Industrial Gas Sdn Bhd
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Function, Technology, Storage, End Use, Region
Breakup by Function Coolant, Refrigerant
Breakup by Technology Cryogenic Distillation, Pressure Swing Adsorption
Breakup by Storage Cylinders and Packaged Gas, Merchant Liquid, Tonnage, Others
Breakup by End Use Chemical and Pharmaceutical, Healthcare, Food and Beverage, Metal Manufacturing, Construction, Rubber and Plastic, Others
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends-Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Linde plc, Air Products Inc., Praxair Technology, Inc, Taiyo Nippon Sanso Corporation, Southern Industrial Gas Sdn Bhd, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Liquid Nitrogen Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Liquid Nitrogen Historical Market (2018-2022) 
    8.3    Global Liquid Nitrogen Market Forecast (2023-2028)
    8.4    Global Liquid Nitrogen Market by Function
        8.4.1    Coolant
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Refrigerant
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
    8.5    Global Liquid Nitrogen Market by Technology
        8.5.1    Cryogenic Distillation
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Pressure Swing Adsorption
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
    8.6    Global Liquid Nitrogen Market by Storage
        8.6.1    Cylinders and Packaged Gas
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Merchant Liquid
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Tonnage
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Others
    8.7    Others Global Liquid Nitrogen Market by End Use
        8.7.1    Chemical and Pharmaceutical
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022)
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Healthcare
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022)
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Food and Beverage
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022)
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Metal Manufacturing
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022)
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Construction
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2022)
            8.7.5.3    Forecast Trend (2023-2028)
        8.7.6    Rubber and Plastic
            8.7.6.1    Market Share
            8.7.6.2    Historical Trend (2018-2022)
            8.7.6.3    Forecast Trend (2023-2028)
        8.7.7    Others    
    8.8    Global Liquid Nitrogen Market by Region
        8.8.1    North America
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2018-2022) 
            8.8.1.3    Forecast Trend (2023-2028)
        8.8.2    Europe
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2018-2022)
            8.8.2.3    Forecast Trend (2023-2028)
        8.8.3    Asia Pacific
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2018-2022)
            8.8.3.3    Forecast Trend (2023-2028)
        8.8.4    Latin America
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2018-2022) 
            8.8.4.3    Forecast Trend (2023-2028)
        8.8.5    Middle East and Africa
            8.8.5.1    Market Share
            8.8.5.2    Historical Trend (2018-2022) 
            8.8.5.3    Forecast Trend (2023-2028)
9    North America Liquid Nitrogen Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Liquid Nitrogen Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Liquid Nitrogen Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Liquid Nitrogen Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Liquid Nitrogen Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Price Analysis

    16.1    North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
    16.2    Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
    16.3    Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
    16.4    Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
    16.5    Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
17    Competitive Landscape
    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    Linde plc
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Certifications
        17.2.2    Air Products Inc.
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Certifications
        17.2.3    Praxair Technology, Inc
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Certifications
        17.2.4    Taiyo Nippon Sanso Corporation
            17.2.4.1    Company Overview
            17.2.4.2    Product Portfolio
            17.2.4.3    Demographic Reach and Achievements
            17.2.4.4    Certifications
        17.2.5    Southern Industrial Gas Sdn Bhd
            17.2.5.1    Company Overview
            17.2.5.2    Product Portfolio
            17.2.5.3    Demographic Reach and Achievements
            17.2.5.4    Certifications
        17.2.6    Others
18    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Liquid Nitrogen Market: Key Industry Highlights, 2018 and 2028
2.    Global Liquid Nitrogen Historical Market: Breakup by Function (USD Billion), 2018-2022
3.    Global Liquid Nitrogen Market Forecast: Breakup by Function (USD Billion), 2023-2028
4.    Global Liquid Nitrogen Historical Market: Breakup by Technology (USD Billion), 2018-2022
5.    Global Liquid Nitrogen Market Forecast: Breakup by Technology (USD Billion), 2023-2028
6.    Global Liquid Nitrogen Historical Market: Breakup by Storage (USD Billion), 2018-2022
7.    Global Liquid Nitrogen Market Forecast: Breakup by Storage (USD Billion), 2023-2028 
8.    Global Liquid Nitrogen Historical Market: Breakup by End Use (USD Billion), 2018-2022
9.    Global Liquid Nitrogen Market Forecast: Breakup by End Use (USD Billion), 2023-2028
10.    Global Liquid Nitrogen Historical Market: Breakup by Region (USD Billion), 2018-2022
11.    Global Liquid Nitrogen Market Forecast: Breakup by Region (USD Billion), 2023-2028
12.    North America Liquid Nitrogen Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    North America Liquid Nitrogen Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Europe Liquid Nitrogen Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Europe Liquid Nitrogen Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Asia Pacific Liquid Nitrogen Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Asia Pacific Liquid Nitrogen Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Latin America Liquid Nitrogen Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Latin America Liquid Nitrogen Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Middle East and Africa Liquid Nitrogen Historical Market: Breakup by Country (USD Billion), 2018-2022
21.    Middle East and Africa Liquid Nitrogen Market Forecast: Breakup by Country (USD Billion), 2023-2028
22.    North America Historical Price Trends and Forecast 2018-2028
23.    Europe Historical Price Trends and Forecast 2018-2028
24.    Asia Pacific Historical Price Trends and Forecast 2018-2028
25.    Latin America Historical Price Trends and Forecast 2018-2028
26.    Middle East and Africa Historical Price Trends and Forecast 2018-2028
27.    Global Liquid Nitrogen Market Structure

Key Questions Answered in the Report

The market is projected to grow at a CAGR of 4% between 2021 and 2026.

The major drivers of the market include rising industrialisation, technological advances, growth in automotive industry, and rise in disposable income.

The increasing demand for coolant in healthcare industryis a key industry trend aiding the market growth.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Coolant and refrigerant are the leading functions in the industry.

Cryogenic distillation and pressure swing adsorption are the leading technologies in the industry.

Cylinders and packaged gas, merchant liquid, and tonnage, among others are the leading end uses in the industry.

Chemical and pharmaceutical, healthcare, food and beverage, metal manufacturing, construction, and rubber and plastic, among others are the leading end-uses in the industry.

The major players in the industry are Linde plc, Air Products Inc., Praxair Technology, Inc, Taiyo Nippon Sanso Corporation, and Southern Industrial Gas Sdn Bhd, among others.

Analyst Review

The global liquid nitrogen market is driven by increasing demand for coolant in healthcare industry.  The market is expected to witness further growth in the forecast period of 2023-2028, growing at a CAGR of 4%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its functions, the liquid nitrogen industry can be segmented into coolant and refrigerant. Based on technologies, the liquid nitrogen industry can be segmented into cryogenic distillation and pressure swing adsorption. Based on its storages, the liquid nitrogen industry can be segmented into cylinders and packaged gas, merchant liquid, and tonnage, among others. On the basis of end-uses, the market is divided into chemical and pharmaceutical, healthcare, food and beverage, metal manufacturing, construction, rubber and plastic, among others. The major regional markets for liquid nitrogen are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Linde plc, Air Products Inc., Praxair Technology, Inc, Taiyo Nippon Sanso Corporation, and Southern Industrial Gas Sdn Bhd, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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