Liquid Nitrogen Market Size, Share, Trends, Growth, Forecasts, 2032

Liquid Nitrogen Market

Liquid Nitrogen Market By End user industry (food & beverages, chemicals & pharmaceuticals, metal manufacturing & construction, healthcare, electronics and energy, rubber & plastic, and others), By Distribution (merchant liquid distribution, cylinder & packaged distribution, tonnage distribution, and others), By Function (coolant and refrigerant), By Manufacturing Process (cryogenic distillation and pressure swing adsorption) And By Region: - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts, 2024-2032

Category: Chemical & Materials Report Format : PDF Report Code: ZMR-923 Status : Upcoming
Market Size in 2023 Market Forecast in 2032 Growth Rate (in %) Base Year
USD 19.14 Billion USD 31.34 Billion CAGR at 5.63% 2023

Description

According to the report published by Zion Market Research, the global Liquid Nitrogen Market size was valued at USD 19.14 Billion in 2023 and is predicted to reach USD 31.34 Billion by the end of 2032. The market is expected to grow with a CAGR of 5.63% during the forecast period. The report analyzes the global Liquid Nitrogen Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Liquid Nitrogen Market industry.

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Global Liquid Nitrogen Market: Overview

Simple nitrogen in a liquid state at an extremely low temperature is known as liquid nitrogen. It is colorless in nature. It is a cryogenic liquid, which when in contact with living cells can cause rapid freezing. Owing to this property, liquid nitrogen is widely used as a coolant.

Global Liquid Nitrogen Market: Growth Factors

The global liquid nitrogen market is likely to have a great boost in the coming future. The ability of liquid nitrogen to act as a coolant is the main reason that has powered the growth of the global market. Further, the rise in the demand of liquid nitrogen in transport and food industry is also driving the growth of the global liquid nitrogen market. Additionally, growing demand from industry is also one of the main reasons that are driving the global market. Moreover, use of advanced technology is also powering the growth of the global market.

On the other hand, the high value for transportation is the main reason hindering the growth of global liquid nitrogen market. Additionally, high cost for production is also one of the significant reasons that are restraining the growth of the global market. Besides this, growing accidents in the industry when in contact with liquid nitrogen is also one of the reasons that are decreasing the growth of the global market. Lack of job opportunities is also hampering the growth of global liquid nitrogen market.

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Global Liquid Nitrogen Market: Segmentation

Based on end user industry, the global market for liquid nitrogen is mainly classified as food & beverages, chemicals & pharmaceuticals, metal manufacturing & construction, healthcare, electronics and energy, rubber & plastic, and others.

On the basis of storage, distribution, and transportation, the global market is segmented into merchant liquid distribution, cylinder & packaged distribution, tonnage distribution, and others.

Based on function, the global market for liquid nitrogen is mainly bifurcated as coolant and refrigerant.

On the basis of manufacturing process, the global market is divided into cryogenic distillation and pressure swing adsorption

Liquid Nitrogen Market : Report Scope

Report Attributes Report Details
Report Name Liquid Nitrogen Market Research Report
Market Size in 2023 USD 19.14 Billion
Market Forecast in 2032 USD 31.34 Billion
Growth Rate CAGR of 5.63%
Number of Pages 196
Key Companies Covered Air Liquide S.A., Linde Ag, Praxair Inc., Taiyo Nippon Sanso Corporation, Nexair LLC., Gulf Cryo, Air Products and Chemicals Inc., Southern Industrial Gas BHD, and Emirates Industrial Gases Co
Segments Covered By End user industry, By Distribution, By Function, By Manufacturing Process and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Global Liquid Nitrogen Market: Regional Analysis

Geographically, the global liquid nitrogen market is segmented as North America, Asia-Pacific, Europe, and Rest of the World. Rising demand from the industry is one of the main factors that are lowering the global market in Canada and the U.S. Growing awareness about liquid nitrogen has boosted the global market in China and India. Huge demand for coolants in France and Germany will boost the global market in Europe. The remaining part of the world will show a steady growth in the global liquid nitrogen market.

Global Liquid Nitrogen Market: Competitive Players

Key players in the global market for liquid nitrogen are:

  • Air Liquide S.A.
  • Linde Ag
  • Praxair Inc.
  • Taiyo Nippon Sanso Corporation
  • Nexair LLC.
  • Gulf Cryo
  • Air Products and Chemicals Inc.
  • Southern Industrial Gas BHD
  • Emirates Industrial Gases Co.

The Global Liquid Nitrogen Market is segmented as follows:

By End user industry 

  • food & beverages 
  • chemicals & pharmaceuticals 
  • metal manufacturing & construction 
  • healthcare
  • electronics and energy 
  • rubber & plastic 
  • and others 

By Distribution 

By Function 

  • coolant 
  • refrigerant 

By Manufacturing Process 

  • cryogenic distillation 
  • pressure swing adsorption 

Global Liquid Nitrogen Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • Germany
    • France
    • UK
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Report Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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