Liquid Nitrogen Market, By Production Method, By Storage, By Function, By End-use Industry, By Geography

Description

Global Liquid Nitrogen Market is estimated to be valued at USD 22.82 Bn in 2025 and is expected to reach USD 33.87 Bn by 2032, growing at a compound annual growth rate (CAGR) of 5.8% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	USD 22.82 Bn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	5.80%	2032 Value Projection:	USD 33.87 Bn

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

Product Code: CMI8011

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
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