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

Description

List of Tables

The North America liquid nitrogen market was valued at US$ 4,022.18 million in 2023 and is expected to reach US$ 6,102.70 million by 2031; it is estimated to register a CAGR of 5.3% from 2023 to 2031.

Increasing Use of Liquid Nitrogen in Pharmaceutical Industry Fuels North America Liquid Nitrogen Market

Liquid nitrogen is extensively used in various pharmaceutical applications. It acts as an organic additive for the development of generics, therapeutic medicines, and an active pharmaceutical ingredient. Nitrogen is used in its pure form or mixtures for a wide range of quality control applications, medical and nonmedical analysis, as well as to preserve living tissues and cells at cryogenic temperatures. Also, it is used to store cells at low temperatures for lab work, promession (a way to dispose of human remains through freeze drying), and cryonic preservation. Liquid nitrogen acts as a coolant; it has become a commonly used anesthetic for minor surgical procedures. For instance, liquid nitrogen is primarily used in healthcare settings to power surgical tools, medical research equipment, and other medical instruments.

Liquid nitrogen is significantly used for cryotherapy medical spas. Medical spas that offer cryotherapy use whole-body cryosaunas to submerge the clients in nitrogen gas, therefore reducing their skin temperature. Removing toxins, reducing inflammation, and enhancing circulation are among the medical advantages of liquid nitrogen in cryotherapy. It is also used to store and freeze tissues, blood, and cells at cryogenic temperatures to prevent oxidation of samples. Thus, the widespread application of liquid nitrogen in the pharmaceutical industry fuels the market growth.

North America Liquid Nitrogen Market Overview

The chemical and electronics & semiconductors industries are growing significantly in North America, majorly in the US. According to the US Department of Homeland Security, the market share for specialty chemicals in North America accounted for 23.4% as of 2022, which was higher than the global average. In addition, in April 2024, SAMSUNG collaborated with the Biden-Harris Administration to sign a nonbinding preliminary memorandum of terms (PMT). According to this PMT, US$ 6.4 billion will be raised in direct funding under the Science Act and CHIPS to strengthen the region's semiconductor supply chain, support advancement in technology leadership, and fuel global competition. With this collaboration, SAMSUNG is expected to invest over US$ 40 billion in the development and production of leading-edge chips in North America. Liquid nitrogen is widely used as a cryopump in cooling shields that help create an ultra-pure vacuum space where chips can be manufactured by molecular layer building via multi-beam epitaxy systems. Thus, the growing operations in the chemical and electronics & semiconductors industries in the region drive the demand for liquid nitrogen.

North America Liquid Nitrogen Market Revenue and Forecast to 2031 (US$ Million)

North America Liquid Nitrogen Market Segmentation

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

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

In terms of end-use industry, the North 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 North America liquid nitrogen market share in 2023.

By country, the North America liquid nitrogen market is segmented into the US, Canada, and Mexico. The US dominated the North America liquid nitrogen market share in 2023.

Linde Plc; L'Air Liquide SA; Air Products and Chemicals Inc; Praxair Technology Inc; Nippon Sanso Holdings Corp; Ube Corporation; Air Water Inc; Osaka Gas Co Ltd; Messer SE & Co KGaA; nexAir, LLC; and Matheson Tri-Gas, Inc. are some of the leading companies operating in the North America liquid nitrogen market.

Product Code: BMIRE00031330

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. North 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
- 4.3.5 List of Vendors in the Value Chain

5. North 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 - North America Analysis

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

7. North 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. North 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. North America Liquid Nitrogen Market - Country Analysis

9.1 North America
- 9.1.1 North America Liquid Nitrogen Market Revenue and Forecast and Analysis - by Country
  - 9.1.1.1 North America Liquid Nitrogen Market Volume and Forecast and Analysis - by Country
  - 9.1.1.2 North America Liquid Nitrogen Market Revenue and Forecast and Analysis - by Country
  - 9.1.1.3 United States Liquid Nitrogen Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.3.1 United States Liquid Nitrogen Market Breakdown by Manufacturing Method
    - 9.1.1.3.2 United States Liquid Nitrogen Market Breakdown by End-use Industry
  - 9.1.1.4 Canada Liquid Nitrogen Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.4.1 Canada Liquid Nitrogen Market Breakdown by Manufacturing Method
    - 9.1.1.4.2 Canada Liquid Nitrogen Market Breakdown by End-use Industry
  - 9.1.1.5 Mexico Liquid Nitrogen Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.5.1 Mexico Liquid Nitrogen Market Breakdown by Manufacturing Method
    - 9.1.1.5.2 Mexico 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 Praxair Technology Inc
- 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 Nippon Sanso Holdings Corp
- 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 Osaka Gas Co Ltd
- 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
12.9 Messer SE & Co KGaA
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
12.10 nexAir, LLC
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments
12.11 Matheson Tri-Gas, Inc
- 12.11.1 Key Facts
- 12.11.2 Business Description
- 12.11.3 Products and Services
- 12.11.4 Financial Overview
- 12.11.5 SWOT Analysis
- 12.11.6 Key Developments

13. Appendix

13.1 About The Insight Partners