Reports
Global Liquid Nitrogen Market Size, Share, Trends, Forecast: By Function: Coolant, Refrigerant; By Technology: Cryogenic Distillation, Pressure Swing Adsorption; By Storage: Cylinders and Packaged Gas, Others; By End Use; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Liquid Nitrogen Market Outlook
The global liquid nitrogen market is expected to grow at a CAGR of 4% in the forecast period of 2024-2032.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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 | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| 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 (2018-2023)
8.3 Global Liquid Nitrogen Market Forecast (2024-2032)
8.4 Global Liquid Nitrogen Market by Function
8.4.1 Coolant
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Refrigerant
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Liquid Nitrogen Market by Technology
8.5.1 Cryogenic Distillation
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Pressure Swing Adsorption
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Liquid Nitrogen Market by Storage
8.6.1 Cylinders and Packaged Gas
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Merchant Liquid
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Tonnage
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Others Global Liquid Nitrogen Market by End Use
8.7.1 Chemical and Pharmaceutical
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Healthcare
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Food and Beverage
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Metal Manufacturing
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Construction
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Rubber and Plastic
8.7.6.1 Historical Trend (2018-2023)
8.7.6.2 Forecast Trend (2024-2032)
8.7.7 Others
8.8 Global Liquid Nitrogen Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Liquid Nitrogen Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Liquid Nitrogen Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Liquid Nitrogen Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Liquid Nitrogen Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Liquid Nitrogen Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
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 (2018-2023) and Forecast (2024-2032)
16.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
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 2032
2. Global Liquid Nitrogen Historical Market: Breakup by Function (USD Billion), 2018-2023
3. Global Liquid Nitrogen Market Forecast: Breakup by Function (USD Billion), 2024-2032
4. Global Liquid Nitrogen Historical Market: Breakup by Technology (USD Billion), 2018-2023
5. Global Liquid Nitrogen Market Forecast: Breakup by Technology (USD Billion), 2024-2032
6. Global Liquid Nitrogen Historical Market: Breakup by Storage (USD Billion), 2018-2023
7. Global Liquid Nitrogen Market Forecast: Breakup by Storage (USD Billion), 2024-2032
8. Global Liquid Nitrogen Historical Market: Breakup by End Use (USD Billion), 2018-2023
9. Global Liquid Nitrogen Market Forecast: Breakup by End Use (USD Billion), 2024-2032
10. Global Liquid Nitrogen Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Liquid Nitrogen Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Liquid Nitrogen Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Liquid Nitrogen Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Liquid Nitrogen Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Liquid Nitrogen Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Liquid Nitrogen Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Liquid Nitrogen Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Liquid Nitrogen Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Liquid Nitrogen Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Liquid Nitrogen Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Liquid Nitrogen Market Forecast: Breakup by Country (USD Billion), 2024-2032
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 2024 and 2032.
The major market drivers include the robust growth of the chemical sector and the increasing demand for liquid nitrogen in rubber production.
The increasing demand for coolant in healthcare sector, the rising use of liquid nitrogen in the metal processing and construction sectors, and the surging usage of mobile technologies in the healthcare sector are the key trends propelling the market demand.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Coolant and refrigerant are the leading functions in the market.
The major technologies considered in the liquid nitrogen market report are cryogenic distillation and pressure swing adsorption.
The significant segments based on storage, considered in the market report are cylinders and packaged gas, merchant liquid, and tonnage, among others.
The different end uses of the product are chemical and pharmaceutical, healthcare, food and beverage, metal manufacturing, construction, and rubber and plastic, among others.
The major players in the market 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 2024-2032, 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.
Purchase Options
Call us on
Purchase Full Report
Mini Report
$1699
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$2799
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER