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Liquid Nitrogen Market Report by Technology, Function, Storage Type, End User, and Region 2024-2032- Product Image
Liquid Nitrogen Market Report by Technology, Function, Storage Type, End User, and Region 2024-2032- Product Image
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Liquid Nitrogen Market Report by Technology, Function, Storage Type, End User, and Region 2024-2032

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    Report

  • 140 Pages
  • September 2024
  • Region: Global
  • IMARC Group
  • ID: 5912242
Description Jump to:
The global liquid nitrogen market size reached US$ 19.4 Billion in 2023. Looking forward, the market is expected to reach US$ 30.9 Billion by 2032, exhibiting a growth rate (CAGR) of 5.3% during 2023-2032.

Liquid nitrogen (LN) is a dry, condensed, scentless, inert and non-combustible cryogenic liquid used for rapid freezing. It is produced in air separation and liquefaction plants through cryogenic distillation and pressure swing adsorption processes and is usually stored in LN dewars, cryogenic liquid cylinders and cryogenic tanks. LN aids in rapid cooling and temporary shrinking of mechanical gears and components during machine assembly for improved intrusion fits. It is also used for cryosurgeries, cryotherapies and cryopreservation procedures to remove decayed tissues, warts, moles, skin tags and pre-cancerous cells in the body. LN also finds extensive applications for the freezing of food and beverages and creating an aesthetic cloud of vapor or fog over dishes in fine-dine restaurants, cafes and hotels.

Liquid Nitrogen Market Trends:

The increasing demand for cryogenic liquids for metal fabrication and manufacturing of electronics, healthcare, automotive and lighting systems is one of the key factors driving the market growth. LN is widely used as a coolant to prevent additional heat generation during the grinding process resulting in minimal corrosion and high-quality and uniformly sized ice particles. Moreover, the widespread adoption of LN as an organic additive for the development of generics, therapeutic medicines and active pharmaceutical ingredients is providing a thrust to the market growth. In line with this, significant growth in the food and beverage industry is also favoring the market growth.

LN is widely used for rapid cooling freezing of bakery products, meat, poultry, fish, prepared meals, vegetables and fruits while retaining their original color, scent and flavor. Other factors, including rapid industrialization, along with the launch of innovative LN-compatible automobile engines for minimal carbon emissions, are anticipated to drive the market toward growth.

Key Market Segmentation:

This report provides an analysis of the key trends in each sub-segment of the global liquid nitrogen market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on technology, function, storage type and end-user.

Breakup by Technology:

  • Cryogenic Distillation
  • Pressure Swing Adsorption
  • Others

Breakup by Function:

  • Coolant
  • Refrigerant

Breakup by Storage Type:

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

Breakup by End User:

  • Chemicals and Pharmaceuticals
  • Food and Beverage
  • Healthcare
  • Metal Manufacturing and Construction
  • Rubber and Plastic
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Air Liquide S.A., Air Products and Chemicals Inc., AMCS Corporation, Asia Industrial Gases Pte. Ltd., Cryomech Inc., Gulf Cryo, Linde plc, Messer Group GmbH, Statebourne Cryogenics Ltd and Taiyo Nippon Sanso Corporation (Mitsubishi Chemical Holdings Corporation).

Key Questions Answered in This Report:

  • How has the global liquid nitrogen market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global liquid nitrogen market?
  • What are the key regional markets?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the function?
  • What is the breakup of the market based on the storage type?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global liquid nitrogen market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Liquid Nitrogen Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Technology
6.1 Cryogenic Distillation
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Pressure Swing Adsorption
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Function
7.1 Coolant
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Refrigerant
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Storage Type
8.1 Cylinders and Packaged Gas
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Merchant Liquid/Bulk
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Tonnage
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by End User
9.1 Chemicals and Pharmaceuticals
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Food and Beverage
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Healthcare
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Metal Manufacturing and Construction
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Rubber and Plastic
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Others
9.6.1 Market Trends
9.6.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Air Liquide S.A.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Air Products and Chemicals Inc.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 AMCS Corporation
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Asia Industrial Gases Pte. Ltd.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Cryomech Inc.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Gulf Cryo
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Linde plc
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.8 Messer Group GmbH
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Statebourne Cryogenics Ltd
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Taiyo Nippon Sanso Corporation (Mitsubishi Chemical Holdings Corporation)
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
List of Figures
Figure 1: Global: Liquid Nitrogen Market: Major Drivers and Challenges
Figure 2: Global: Liquid Nitrogen Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Liquid Nitrogen Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Liquid Nitrogen Market: Breakup by Technology (in %), 2023
Figure 5: Global: Liquid Nitrogen Market: Breakup by Function (in %), 2023
Figure 6: Global: Liquid Nitrogen Market: Breakup by Storage Type (in %), 2023
Figure 7: Global: Liquid Nitrogen Market: Breakup by End User (in %), 2023
Figure 8: Global: Liquid Nitrogen Market: Breakup by Region (in %), 2023
Figure 9: Global: Liquid Nitrogen (Cryogenic Distillation) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Liquid Nitrogen (Cryogenic Distillation) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Liquid Nitrogen (Pressure Swing Adsorption) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Liquid Nitrogen (Pressure Swing Adsorption) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Liquid Nitrogen (Other Technologies) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Liquid Nitrogen (Other Technologies) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Liquid Nitrogen (Coolant) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Liquid Nitrogen (Coolant) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Liquid Nitrogen (Refrigerant) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Liquid Nitrogen (Refrigerant) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Liquid Nitrogen (Cylinders and Packaged Gas) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Liquid Nitrogen (Cylinders and Packaged Gas) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Liquid Nitrogen (Merchant Liquid/Bulk) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Liquid Nitrogen (Merchant Liquid/Bulk) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Liquid Nitrogen (Tonnage) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Liquid Nitrogen (Tonnage) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Liquid Nitrogen (Other Storage Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Liquid Nitrogen (Other Storage Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Liquid Nitrogen (Chemicals and Pharmaceuticals) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Liquid Nitrogen (Chemicals and Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Liquid Nitrogen (Food and Beverage) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Liquid Nitrogen (Food and Beverage) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Liquid Nitrogen (Healthcare) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Liquid Nitrogen (Healthcare) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: Liquid Nitrogen (Metal Manufacturing and Construction) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: Liquid Nitrogen (Metal Manufacturing and Construction) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Global: Liquid Nitrogen (Rubber and Plastic) Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Global: Liquid Nitrogen (Rubber and Plastic) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Global: Liquid Nitrogen (Other End Users) Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Global: Liquid Nitrogen (Other End Users) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: North America: Liquid Nitrogen Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: North America: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: United States: Liquid Nitrogen Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: United States: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Canada: Liquid Nitrogen Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Canada: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Asia-Pacific: Liquid Nitrogen Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Asia-Pacific: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: China: Liquid Nitrogen Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: China: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Japan: Liquid Nitrogen Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Japan: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: India: Liquid Nitrogen Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: India: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: South Korea: Liquid Nitrogen Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: South Korea: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Australia: Liquid Nitrogen Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Australia: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Indonesia: Liquid Nitrogen Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Indonesia: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Others: Liquid Nitrogen Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Others: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Europe: Liquid Nitrogen Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Europe: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Germany: Liquid Nitrogen Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Germany: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: France: Liquid Nitrogen Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: France: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: United Kingdom: Liquid Nitrogen Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: United Kingdom: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Italy: Liquid Nitrogen Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Italy: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Spain: Liquid Nitrogen Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Spain: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Russia: Liquid Nitrogen Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Russia: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Others: Liquid Nitrogen Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Others: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Latin America: Liquid Nitrogen Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Latin America: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Brazil: Liquid Nitrogen Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Brazil: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Mexico: Liquid Nitrogen Market: Sales Value (in Million US$), 2018 & 2023
Figure 82: Mexico: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 83: Others: Liquid Nitrogen Market: Sales Value (in Million US$), 2018 & 2023
Figure 84: Others: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 85: Middle East and Africa: Liquid Nitrogen Market: Sales Value (in Million US$), 2018 & 2023
Figure 86: Middle East and Africa: Liquid Nitrogen Market: Breakup by Country (in %), 2023
Figure 87: Middle East and Africa: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 88: Global: Liquid Nitrogen Industry: SWOT Analysis
Figure 89: Global: Liquid Nitrogen Industry: Value Chain Analysis
Figure 90: Global: Liquid Nitrogen Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Liquid Nitrogen Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Liquid Nitrogen Market Forecast: Breakup by Technology (in Million US$), 2024-2032
Table 3: Global: Liquid Nitrogen Market Forecast: Breakup by Function (in Million US$), 2024-2032
Table 4: Global: Liquid Nitrogen Market Forecast: Breakup by Storage Type (in Million US$), 2024-2032
Table 5: Global: Liquid Nitrogen Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 6: Global: Liquid Nitrogen Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Liquid Nitrogen Market: Competitive Structure
Table 8: Global: Liquid Nitrogen Market: Key Players

Companies Mentioned

  • Air Liquide S.A.
  • Air Products
  • Chemicals Inc.
  • AMCS Corporation
  • Asia Industrial Gases Pte. Ltd.
  • Cryomech Inc.
  • Gulf Cryo
  • Linde plc
  • Messer Group GmbH
  • Statebourne Cryogenics Ltd
  • Taiyo Nippon Sanso Corporation (Mitsubishi Chemical Holdings Corporation)

Methodology

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Table Information

Report AttributeDetails
No. of Pages140
PublishedSeptember 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 19.4 Billion
Forecasted Market Value ( USD ) by 2032 $ 30.9 Billion
Compound Annual Growth Rate5.3%
Regions CoveredGlobal
No. of Companies Mentioned11

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