PUBLISHER: The Business Research Company | PRODUCT CODE: 1926983
PUBLISHER: The Business Research Company | PRODUCT CODE: 1926983
Liquid nitrogen, a state of the element nitrogen that exists in a liquid form due to its extremely low temperature, finds application in cooling and cryogenic processes. When subjected to high pressure, nitrogen transforms into liquid nitrogen, a cryogenic liquid with a boiling point of -320.5 °F (-195.8 °C). The temperature of liquid nitrogen (LN), recognized as an inert cryogenic fluid, stands at 196 °C (320 °F). It is directly injected into batch water storage tanks, aggregates, or mixers using lances.
The primary manufacturing processes for liquid nitrogen involve cryogenic distillation, pressure swing adsorption, and others. Cryogenic distillation, particularly prevalent in the chemical industry, is the method by which nitrogen and oxygen are separated from the air. Liquid nitrogen serves various functions, including coolant and refrigerant, and spans multiple industry verticals such as chemicals, pharmaceuticals, food and beverage, healthcare, metal manufacturing and construction, rubber and plastic, among others.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs are impacting the liquid nitrogen market by increasing costs of imported cryogenic equipment, storage vessels, valves, and distribution components. Industrial gas suppliers in North America and Europe are most affected due to dependence on imported equipment, while Asia-Pacific faces higher costs for export-oriented cryogenic systems. These tariffs are increasing capital expenditure for gas producers. However, they are also encouraging domestic equipment manufacturing, regional supply chain development, and efficiency improvements in nitrogen production systems.
The liquid nitrogen market research report is one of a series of new reports from The Business Research Company that provides liquid nitrogen market statistics, including liquid nitrogen industry global market size, regional shares, competitors with a liquid nitrogen market share, detailed liquid nitrogen market segments, market trends and opportunities, and any further data you may need to thrive in the liquid nitrogen industry. This liquid nitrogen market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The liquid nitrogen market size has grown strongly in recent years. It will grow from $19.24 billion in 2025 to $20.63 billion in 2026 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to expansion of industrial gas consumption, growth of frozen food processing, rising use in medical and laboratory applications, availability of cryogenic storage infrastructure, increasing use in metal processing.
The liquid nitrogen market size is expected to see strong growth in the next few years. It will grow to $26.84 billion in 2030 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to increasing demand from healthcare and biotechnology sectors, rising adoption of advanced cold chain logistics, expansion of semiconductor manufacturing cooling needs, growing focus on precision temperature control, increasing investments in industrial gas production. Major trends in the forecast period include rising demand for cryogenic cooling applications, growing use in food freezing and preservation, increased adoption in pharmaceutical storage, expansion of industrial temperature control applications, enhanced focus on safe cryogenic handling.
The increasing demand from the healthcare sector is expected to drive the growth of the liquid nitrogen market. The healthcare sector focuses on maintaining or restoring physical, mental, or emotional well-being through licensed professionals. Liquid nitrogen is widely used in healthcare for cryogenic applications, including the removal of warts, precancerous cells, and unwanted skin, due to its rapid freezing capability. For instance, in January 2025, Air Liquide, a France-based provider of industrial and healthcare gases and technologies, reported strong uptake of its ECO ORIGIN solution, signing 2024 contracts with 19 hospitals and clinics across six European countries and securing its first Brazilian agreement for certified low-carbon oxygen and nitrogen. Therefore, rising healthcare demand is supporting the expansion of the liquid nitrogen market.
Major companies in the liquid nitrogen market are focusing on supplying nitrogen liquefaction refrigeration systems for large-scale scientific experiments, such as the Deep Underground Neutrino Experiment (DUNE), to ensure stable cooling of sensitive detectors and infrastructure. Nitrogen liquefaction refrigeration systems are specialized setups that cool nitrogen gas into a liquid state through thermodynamic processes and are designed for modular underground assembly. For example, in July 2023, Air Products and Chemicals Inc., a US-based company, collaborated with Fermilab to provide a nitrogen liquefaction system for DUNE. The system cools and re-condenses argon that boils off from cryostats, each containing approximately 17,500 metric tons of ultrapure liquid argon, ensuring optimal conditions for neutrino detection.
In April 2024, N2 Solutions (N2S), a US-based provider of nitrogen services, acquired PFS Nitrogen Services for an undisclosed amount. The acquisition allows N2 Solutions to expand its geographic reach and integrate PFS's specialized nitrogen technologies, including pipe-freezing, pipeline pigging, and liquid-nitrogen transport, enhancing its ability to deliver comprehensive solutions to pipeline and petrochemical clients. PFS Nitrogen Services is a US-based company providing nitrogen-technology services.
Major companies operating in the liquid nitrogen market are Air Products and Chemicals Inc., Linde plc, NexAir LLC, Statebourne Cryogenics Ltd., Taiyo Nippon Sanso Corporation, Gulf Cryo, Emirates Industrial Gases Co. LLC, Southern Industrial San Bhd, Universal Industrial Gases Inc., Yingde Gases Group, Messer Group, AMCS Corporation., Air Liquide S.A., Asia Industrial Gases Pte. Ltd., MVS Engineering Pvt. Ltd., Cryogenic Industries Inc., Chart Industries Inc., Cryofab Inc., Cryoquip Inc., Cryostar SAS, Buzwair Industrial Gases Factories, INOX Air Products Pvt. Ltd., Yateem Oxygen, Cryomech Inc.
North America was the largest region in the liquid nitrogen market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the liquid nitrogen market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the liquid nitrogen market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The liquid nitrogen market consists of sales of liquid nitrogen manufactured through pressure swing desorption, membrane nitrogen generation, and fractional distillation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Liquid Nitrogen Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses liquid nitrogen market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for liquid nitrogen ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The liquid nitrogen market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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