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Liquid Nitrogen Market, By Production Method (Cryogenic Distillation, Pressure Swing Adsorption (PSA), and Others), By Storage (Cylinders & packaged gas, Merchant liquid/ Bulk, Tonnage, and Others), By Function (Coolant and Refrigerant), By End-use Indust

Published May 30, 2025
Length 145 Pages
SKU # CMI20081599

Description

The global liquid nitrogen market has witnessed significant growth in recent years, driven by its increasing applications across various industries. Liquid nitrogen, a colorless, odorless, and tasteless cryogenic liquid, is produced through the liquefaction of atmospheric air. It finds extensive use in food processing, healthcare, manufacturing, and scientific research due to its unique properties, such as ultra-low temperature and ability to rapidly cool materials. The market's expansion is fueled by technological advancements, growing demand for cryogenic processing, and the need for efficient cooling solutions in diverse sectors. This article aims to provide a comprehensive overview of the global liquid nitrogen market, including its market dynamics, key features, and future prospects.

Market Dynamics:

The global liquid nitrogen market is influenced by several factors that shape its growth trajectory. One of the primary drivers is the increasing demand from the healthcare sector, where liquid nitrogen is used in cryotherapy, cryosurgery, and the preservation of biological samples. The growing prevalence of chronic diseases and the need for advanced treatment options are expected to boost the demand for liquid nitrogen in healthcare applications. Additionally, the food processing industry heavily relies on liquid nitrogen for freezing, chilling, and packaging purposes, contributing to the market's growth. However, the market also faces certain restraints, such as the high cost of production and storage, as well as stringent regulations regarding the handling and transportation of cryogenic liquids. Despite these challenges, the market presents significant opportunities for growth,

Key Features of the Study:
  • This report provides in-depth analysis of the global liquid nitrogen market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global liquid nitrogen market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Air Products and Chemicals, Inc., Linde plc, Praxair Technology, Inc., Matheson Tri-Gas, Inc., Air Liquide S.A., Messer Group GmbH, Cryogenmash, Universal Industrial Gases, Inc., Reliance Gas, Southern Industrial Gas Sdn Bhd, Gulf Cryo, Indura S.A., INOX Air Products, NOVA Chemicals, and Graham Partners
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global liquid nitrogen market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global liquid nitrogen market
Market Segmentation
  • Production Method Insights (Revenue, USD Bn, 2020 - 2032)
  • Cryogenic Distillation
  • Pressure Swing Adsorption (PSA)
  • Others
  • Storage Insights (Revenue, USD Bn, 2020 - 2032)
  • Cylinders & packaged gas
  • Merchant liquid/ Bulk
  • Tonnage
  • Others
  • Function Insights (Revenue, USD Bn, 2020 - 2032)
  • Coolant
  • Refrigerant
  • End-use Industry Insights (Revenue, USD Bn, 2020 - 2032)
  • Chemicals & pharmaceuticals
  • Healthcare
  • Food & beverages
  • Metal manufacturing & construction
  • Rubber & plastic
  • Others
  • Regional Insights (Revenue, USD Bn, 2020 - 2032)
  • North America
  • U.S.
  • Canada
  • Latin America
  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America
  • Europe
  • Germany
  • U.K.
  • Spain
  • France
  • Italy
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
  • Middle East
  • GCC Countries
  • Israel
  • Rest of Middle East
  • Africa
  • South Africa
  • North Africa
  • Central Africa
  • Key Players Insights
  • Air Products and Chemicals, Inc.
  • Linde plc
  • Praxair Technology, Inc.
  • Matheson Tri-Gas, Inc.
  • Air Liquide S.A.
  • Messer Group GmbH
  • Cryogenmash
  • Universal Industrial Gases, Inc.
  • Reliance Gas
  • Southern Industrial Gas Sdn Bhd
  • Gulf Cryo
  • Indura S.A.
  • INOX Air Products
  • NOVA Chemicals
  • Graham Partners

Table of Contents

145 Pages
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Global Liquid Nitrogen Market, By Production Method
Global Liquid Nitrogen Market, By Storage
Global Liquid Nitrogen Market, By Function
Global Liquid Nitrogen Market, By End-use Industry
Global Liquid Nitrogen Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER’s Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trends
4. Global Liquid Nitrogen Market, By Production Method, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Cryogenic Distillation
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
Pressure Swing Adsorption (PSA)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
5. Global Liquid Nitrogen Market, By Storage, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Cylinders & packaged gas
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
Merchant liquid/ Bulk
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
Tonnage
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
6. Global Liquid Nitrogen Market, By Function, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Coolant
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
Refrigerant
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
7. Global Liquid Nitrogen Market, By End-use Industry, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Chemicals & pharmaceuticals
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
Healthcare
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
Food & beverages
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
Metal manufacturing & construction
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
Rubber & plastic
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
8. Global Liquid Nitrogen Market, By Region, 2020 - 2032, Value (USD)
Introduction
Market Share (%) Analysis, 2025, 2028 & 2032, Value (USD)
Market Y-o-Y Growth Analysis (%), 2021 - 2032, Value (USD)
Regional Trends
North America
Introduction
Market Size and Forecast, By Production Method, 2020 - 2032, Value (USD)
Market Size and Forecast, By Storage, 2020 - 2032, Value (USD)
Market Size and Forecast, By Function, 2020 - 2032, Value (USD)
Market Size and Forecast, By End-use Industry, 2020 - 2032, Value (USD)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD)
U.S.
Canada
Latin America
Introduction
Market Size and Forecast, By Production Method, 2020 - 2032, Value (USD)
Market Size and Forecast, By Storage, 2020 - 2032, Value (USD)
Market Size and Forecast, By Function, 2020 - 2032, Value (USD)
Market Size and Forecast, By End-use Industry, 2020 - 2032, Value (USD)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Introduction
Market Size and Forecast, By Production Method, 2020 - 2032, Value (USD)
Market Size and Forecast, By Storage, 2020 - 2032, Value (USD)
Market Size and Forecast, By Function, 2020 - 2032, Value (USD)
Market Size and Forecast, By End-use Industry, 2020 - 2032, Value (USD)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, By Production Method, 2020 - 2032, Value (USD)
Market Size and Forecast, By Storage, 2020 - 2032, Value (USD)
Market Size and Forecast, By Function, 2020 - 2032, Value (USD)
Market Size and Forecast, By End-use Industry, 2020 - 2032, Value (USD)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
Introduction
Market Size and Forecast, By Production Method, 2020 - 2032, Value (USD)
Market Size and Forecast, By Storage, 2020 - 2032, Value (USD)
Market Size and Forecast, By Function, 2020 - 2032, Value (USD)
Market Size and Forecast, By End-use Industry, 2020 - 2032, Value (USD)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD)
GCC Countries
Israel
Rest of Middle East
Africa
Introduction
Market Size and Forecast, By Production Method, 2020 - 2032, Value (USD)
Market Size and Forecast, By Storage, 2020 - 2032, Value (USD)
Market Size and Forecast, By Function, 2020 - 2032, Value (USD)
Market Size and Forecast, By End-use Industry, 2020 - 2032, Value (USD)
Market Size and Forecast, By Country/Region, 2020 - 2032, Value (USD)
South Africa
North Africa
Central Africa
9. Competitive Landscape
Air Products and Chemicals, Inc.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Linde plc
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Praxair Technology, Inc.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Matheson Tri-Gas, Inc.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Air Liquide S.A.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Messer Group GmbH
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Cryogenmash
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Universal Industrial Gases, Inc.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Reliance Gas
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Southern Industrial Gas Sdn Bhd
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Gulf Cryo
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Indura S.A.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
INOX Air Products
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
NOVA Chemicals
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Graham Partners
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
10. Analyst Recommendations
Wheel of Fortune
Analyst View
Coherent Opportunity Map
11. References and Research Methodology
References
Research Methodology
About us
*Browse 32 market data tables and 28 figures on 'Liquid Nitrogen Market' - Global forecast to 2032
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