South & Central America Liquid Nitrogen Market Forecast to 2031 - Regional Analysis - by Manufacturing Method and End-use Industry

Description

List of Tables

The South & Central America liquid nitrogen market was valued at US$ 627.82 million in 2023 and is expected to reach US$ 874.89 million by 2031; it is estimated to register a CAGR of 4.2% from 2023 to 2031.

Growing Number of Applications in Chemical Industry Fuels South & Central America Liquid Nitrogen Market

In the chemical industry, liquid nitrogen is often used in manufacturing, processing, handling, storage, and transportation. It is employed as a cryopreservation agent and serves as the raw material for cloning processes. Liquid nitrogen is used as a pressurizing gas, propelling liquids through pipelines. Also, it is used to shield oxygen-sensitive materials from the air as well as to remove volatile organic chemicals from process streams. In chemical analysis, liquid nitrogen is commonly used during sample preparation. It is used for maintaining concentration and reduction of the volume of liquid samples. Liquid nitrogen helps produce fertilizers, dyes, nitric acid, and explosives. Further, specialty chemicals manufacturing companies are expanding their capacities to cater to surging demand from domestic and international markets. Thus, the growing liquid nitrogen usage in chemical applications across various economies is expected to create lucrative opportunities for the liquid nitrogen market growth during the forecast period.

South & Central America Liquid Nitrogen Market Overview

The South & Central America liquid nitrogen market growth is attributed to the expansion of the food & beverages industry. Brazil accounts for one of the largest market shares owing to the increased consumption and production of processed foods in the country. According to the Brazilian Food Processors' Association, the food processing sector in the country accounted for a revenue of US$ 231 billion in 2023. This growing food & beverages industry in the region boosts the demand for liquid nitrogen, which fuels the market growth.

Additionally, the region's steel production is witnessing rapid growth, with countries such as Brazil, Argentina, Chile, Columbia, and Costa Rica contributing to its growth. For instance, according to the World Steel Association AISBL, Brazil is among the world's top 10 steel producing countries. Brazil accounted for 8.3 metric tons of steel production in January-March 2024 with an increase of 6.2% from January-March 2023. This increasing steel production in the region gives rise to the demand for liquid nitrogen in South & Central America over the forecast period.

South & Central America Liquid Nitrogen Market Revenue and Forecast to 2031 (US$ Million)

South & Central America Liquid Nitrogen Market Segmentation

The South & Central America liquid nitrogen market is categorized into manufacturing method, end-use industry, and country.

Based on manufacturing method, the South & Central America liquid nitrogen market is bifurcated into cryogenic distillation and pressure swing adsorption. The cryogenic distillation segment held a larger South & Central America liquid nitrogen market share in 2023.

In terms of end-use industry, the South & Central America liquid nitrogen market is segmented into aerospace and defense, automotive, chemical, food and beverage, metal fabrication, pharmaceutical, electronics and semiconductors, and others. The metal fabrication segment held the largest South & Central America liquid nitrogen market share in 2023.

By country, the South & Central America liquid nitrogen market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America liquid nitrogen market share in 2023.

Linde Plc, L'Air Liquide SA, Air Products and Chemicals Inc, SOL SpA, Praxair Technology Inc, Ube Corporation, Air Water Inc, and Matheson Tri-Gas Inc are some of the leading companies operating in the South & Central America liquid nitrogen market.

Product Code: BMIRE00031334

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. South & Central America Liquid Nitrogen Market Landscape

4.1 Overview
4.2 Porters Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Intensity of Competitive Rivalry
- 4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Manufacturers
- 4.3.3 Distributors/Suppliers
- 4.3.4 End Use

5. South & Central America Liquid Nitrogen Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Increasing Use of Liquid Nitrogen in Pharmaceutical Industry
- 5.1.2 Rising Demand for Liquid Nitrogen in Food & Beverages Industry
5.2 Market Restraints
- 5.2.1 Stringent Regulatory Framework
5.3 Market Opportunities
- 5.3.1 Growing Number of Applications in Chemical Industry
5.4 Future Trends
- 5.4.1 Development of Sustainable and Lab-Friendly Liquid Nitrogen
5.5 Impact of Drivers and Restraints:

6. Liquid Nitrogen Market - South & Central America Market Analysis

6.1 South & Central America Liquid Nitrogen Market Volume (Kilo Tons), 2021-2031
6.2 South & Central America Liquid Nitrogen Market Volume Forecast and Analysis (Kilo Tons)
6.3 South & Central America Liquid Nitrogen Market Revenue (US$ Million), 2023-2031
6.4 South & Central America Liquid Nitrogen Market Forecast and Analysis

7. South & Central America Liquid Nitrogen Market Revenue Analysis - by Manufacturing Method

7.1 Cryogenic Distillation
- 7.1.1 Overview
- 7.1.2 Cryogenic Distillation: Liquid Nitrogen Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Pressure Swing Adsorption
- 7.2.1 Overview
- 7.2.2 Pressure Swing Adsorption: Liquid Nitrogen Market - Revenue and Forecast to 2031 (US$ Million)

8. South & Central America Liquid Nitrogen Market Volume and Revenue Analysis - by End-use Industry

8.1 Aerospace and Defense
- 8.1.1 Overview
- 8.1.2 Aerospace and Defense: Liquid Nitrogen Market - Volume and Forecast to 2031 (Kilo Tons)
- 8.1.3 Aerospace and Defense: Liquid Nitrogen Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Automotive
- 8.2.1 Overview
- 8.2.2 Automotive: Liquid Nitrogen Market - Volume and Forecast to 2031 (Kilo Tons)
- 8.2.3 Automotive: Liquid Nitrogen Market - Revenue and Forecast to 2031 (US$ Million)
8.3 Chemical
- 8.3.1 Overview
- 8.3.2 Chemical: Liquid Nitrogen Market - Volume and Forecast to 2031 (Kilo Tons)
- 8.3.3 Chemical: Liquid Nitrogen Market - Revenue and Forecast to 2031 (US$ Million)
8.4 Food and Beverage
- 8.4.1 Overview
- 8.4.2 Food and Beverage: Liquid Nitrogen Market - Volume and Forecast to 2031 (Kilo Tons)
- 8.4.3 Food and Beverage: Liquid Nitrogen Market - Revenue and Forecast to 2031 (US$ Million)
8.5 Metal Fabrication
- 8.5.1 Overview
- 8.5.2 Metal Fabrication: Liquid Nitrogen Market - Volume and Forecast to 2031 (Kilo Tons)
- 8.5.3 Metal Fabrication: Liquid Nitrogen Market - Revenue and Forecast to 2031 (US$ Million)
8.6 Pharmaceutical
- 8.6.1 Overview
- 8.6.2 Pharmaceutical: Liquid Nitrogen Market - Volume and Forecast to 2031 (Kilo Tons)
- 8.6.3 Pharmaceutical: Liquid Nitrogen Market - Revenue and Forecast to 2031 (US$ Million)
8.7 Electronics and Semiconductors
- 8.7.1 Overview
- 8.7.2 Electronics and Semiconductors: Liquid Nitrogen Market - Volume and Forecast to 2031 (Kilo Tons)
- 8.7.3 Electronics and Semiconductors: Liquid Nitrogen Market - Revenue and Forecast to 2031 (US$ Million)
8.8 Others
- 8.8.1 Overview
- 8.8.2 Others: Liquid Nitrogen Market - Volume and Forecast to 2031 (Kilo Tons)
- 8.8.3 Others: Liquid Nitrogen Market - Revenue and Forecast to 2031 (US$ Million)

9. South & Central America Liquid Nitrogen Market - Country Analysis

9.1 South and Central America
- 9.1.1 South and Central America Liquid Nitrogen Market Breakdown by Key Countries, 2023 and 2031 (%)
  - 9.1.1.1 South and Central America Liquid Nitrogen Market Volume and Forecast and Analysis - by Country
  - 9.1.1.2 South and Central America Liquid Nitrogen Market Revenue and Forecast and Analysis - by Country
  - 9.1.1.3 Brazil Liquid Nitrogen Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.3.1 Brazil Liquid Nitrogen Market Breakdown by Manufacturing Method
    - 9.1.1.3.2 Brazil Liquid Nitrogen Market Breakdown by End-use Industry
  - 9.1.1.4 Argentina Liquid Nitrogen Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.4.1 Argentina Liquid Nitrogen Market Breakdown by Manufacturing Method
    - 9.1.1.4.2 Argentina Liquid Nitrogen Market Breakdown by End-use Industry
  - 9.1.1.5 Rest of South and Central America Liquid Nitrogen Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.5.1 Rest of South and Central America Liquid Nitrogen Market Breakdown by Manufacturing Method
    - 9.1.1.5.2 Rest of South and Central America Liquid Nitrogen Market Breakdown by End-use Industry

10. Competitive Landscape

10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration

11. Industry Landscape

11.1 Overview
11.2 Partnership
11.3 Acquisitions
11.4 Expansions And Other Strategic Developments

12. Company Profiles

12.1 Linde Plc
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 L'Air Liquide SA
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 Air Products and Chemicals Inc
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 SOL SpA
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Praxair Technology Inc
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 Ube Corporation
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Air Water Inc
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 Matheson Tri-Gas, Inc
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments

13. Appendix

13.1 About The Insight Partners