Liquid Nitrogen Market By Application (Medically Assisted Procreation (MAP), Conservation of Blood Products), End-User (Metal Manufacturing And Construction, Healthcare), Tank Capacity (Less than 20-40, 40-200), & Region for 2026-2032

Liquid Nitrogen Market Valuation - 2026-2032

Increasing demand in healthcare for cryopreservation and medical procedures is propelling the adoption of liquid nitrogen. The expansion of the food and beverage industry, utilizing liquid nitrogen for freezing and storage is driving the market size surpass USD 1.84 Billion valued in 2024 to reach a valuation of around USD 2.97 Billion by 2032.

In addition to this, rising advancements in industrial processes and technological innovations enhance its usage efficiency is spurring up the adoption of liquid nitrogen. The aerospace sector's need for high-performance cooling solutions contributes to rising demand, this is enabling the market to grow at a CAGR of 6.13% from 2026 to 2032.

Liquid Nitrogen Market is estimated to grow at a CAGR of 6.13% & reach US$ 2.97 Bn by the end of 2032

Liquid Nitrogen Market: Definition/ Overview

Liquid nitrogen is nitrogen in a liquid state at an extremely low temperature of about -196°C (-321°F). It is produced by cooling nitrogen gas under pressure until it condenses into a liquid. This cryogenic liquid is colorless, odorless, and inert, making it ideal for a range of industrial and scientific applications.

Liquid nitrogen is widely used in various industries due to its unique properties. In healthcare, it is crucial for cryopreservation of biological samples and in cryosurgery for removing warts and tumors. The food and beverage industry uses it for flash freezing and preservation, while in manufacturing, it aids in cooling and shrink-fitting processes. Additionally, liquid nitrogen is employed in scientific research, such as in particle physics and materials science, for cooling superconductors and other experiments.

How will Rising Demand for Liquid Nitrogen in the Healthcare Sector Driving the Growth of Liquid Nitrogen Market?

The growing demand for liquid nitrogen in the healthcare sector is a significant driver of the Liquid Nitrogen Market. Hospitals and research facilities use liquid nitrogen for cryogenic storage of biological samples, cryosurgery, and dermatological treatments. According to the World Health Organization, global healthcare expenditure reached $8.3 trillion in 2018, indicating substantial investment in medical technologies and supplies. The COVID-19 pandemic has further accelerated the need for cryogenic storage solutions for vaccines and biological samples. Recently, Air Products, a major player in the industrial gases market, announced the expansion of its liquid nitrogen production capacity in the Asia-Pacific region to meet the rising demand from the healthcare and pharmaceutical industries.

The food and beverage industry's increasing adoption of liquid nitrogen for flash freezing and food preservation is propelling market growth. Liquid nitrogen enables rapid freezing of food products, maintaining their quality and extending shelf life. The United States Department of Agriculture reported that the U.S. food and beverage manufacturing sector accounted for $750 billion in shipments in 2020, highlighting the industry's significant size and potential for liquid nitrogen applications. In a recent development, Linde plc, a global industrial gases company, introduced a new food-grade liquid nitrogen system designed specifically for the food processing industry, offering improved efficiency and safety features.

The expanding electronics and semiconductor manufacturing sector is driving demand for liquid nitrogen, which is used in cooling systems and inert atmospheres during production processes. The rapid growth of 5G technology and IoT devices is fueling this demand. According to the Semiconductor Industry Association, global semiconductor industry sales reached USD 440.4 Billion in 2020, with projections for continued growth. Messer Group, a leading industrial gas supplier, recently announced the completion of a new air separation unit in Texas, USA, to support the growing demand for liquid nitrogen and other industrial gases from the semiconductor industry. This investment demonstrates the market's response to the increasing need for high-purity liquid nitrogen in advanced manufacturing processes.

Will Expensive Infrastructure Required for the Storage and Transport of Liquid Nitrogen Restrain Its Market Growth?

The infrastructure required for the storage and transport of liquid nitrogen is also a limiting factor. Proper storage facilities must maintain low temperatures to keep the nitrogen in a liquid state, and transportation involves carefully insulated and pressurized containers. These requirements can be both expensive and logistically challenging, particularly in regions with limited infrastructure.

Additionally, liquid nitrogen's use is restricted by its environmental impact and sustainability concerns. While it is relatively inert, the energy-intensive process of its production contributes to greenhouse gas emissions. As industries increasingly prioritize sustainability, the environmental footprint of liquid nitrogen production may face scrutiny, influencing its adoption in favor of more eco-friendly alternatives.

Another challenge is the handling and safety concerns related to liquid nitrogen. It's extremely low temperatures can cause severe burns and frostbite if not managed properly. This necessitates stringent safety protocols, specialized training for personnel, and the use of protective equipment, which can increase operational complexity and costs.

Category-Wise Acumens

Which Factors Enhance the Use of Liquid Nitrogen in Medically Assisted Procreation (MAP)?

Medically Assisted Procreation (MAP) is emerging as a dominant application in the liquid nitrogen market, driven by the increasing demand for fertility treatments and advanced reproductive technologies. Liquid nitrogen plays a crucial role in cryopreservation of embryos, eggs, and sperm, enabling long-term storage for future use in fertility procedures. According to the Centers for Disease Control and Prevention (CDC), 2.1% of all infants born in the United States in 2019 were conceived using assisted reproductive technologies. Recently, Chart Industries, a leading manufacturer of cryogenic equipment, announced the launch of a new line of storage tanks specifically designed for IVF clinics, featuring advanced monitoring systems to ensure optimal preservation conditions.

The growing trend of egg freezing for fertility preservation has significantly contributed to the dominance of MAP in the liquid nitrogen market. Women are increasingly choosing to freeze their eggs for social or medical reasons, driving the need for reliable cryogenic storage solutions. The Human Fertilisation and Embryology Authority (HFEA) in the UK reported a 523% increase in egg freezing cycles between 2013 and 2018. In a recent development, Cryoport Systems, a leading provider of temperature-controlled supply chain solutions, partnered with a major fertility clinic network to provide end-to-end cryogenic logistics services for reproductive tissues, enhancing the accessibility of fertility treatments across multiple locations.

Which Factors Enhance the Use of Liquid Nitrogen in Healthcare Sectors?

The healthcare sector is a dominant force in the liquid nitrogen market, driven by its critical applications in cryotherapy, cryopreservation, and various medical procedures. Liquid nitrogen's ability to rapidly freeze tissues and cells has made it indispensable in fertility treatments, dermatology, and oncology. According to the Centers for Disease Control and Prevention (CDC), the number of assisted reproductive technology cycles using cryopreserved embryos in the United States increased by 86% between 2009 and 2019, highlighting the growing importance of liquid nitrogen in healthcare.

The COVID-19 pandemic has further accelerated the demand for liquid nitrogen in the healthcare sector, particularly for vaccine storage and distribution. Its ultra-low temperature capabilities have proven crucial in maintaining the efficacy of mRNA vaccines. The World Health Organization (WHO) reported in 2022 that approximately 12 billion COVID-19 vaccine doses had been administered globally, many of which required cryogenic storage solutions. This surge in demand has prompted key market players to expand their production and distribution networks to meet the healthcare industry's needs.

Country/Region-wise Acumens

Will Early Adoption of Technologies in North America Drive the Liquid Nitrogen Market Growth?

North America is dominating the liquid nitrogen market, driven by robust demand across various industries. The region's dominance can be attributed to its advanced healthcare sector, booming food and beverage industry, and thriving manufacturing capabilities. According to the U.S. Geological Survey, nitrogen production in the United States reached approximately 9.3 million metric tons in 2022, underscoring the region's significant contribution to the global market.

The liquid nitrogen landscape in North America is characterized by continuous technological advancements and strategic expansions by key players. These developments have led to increased production capacity and improved distribution networks, further solidifying the region's market position. In a recent announcement on March 15, 2024, Air Products, a leading industrial gas company, revealed plans to invest USD 500 Million in expanding its liquid nitrogen production facilities across the United States, aiming to meet the growing demand from the semiconductor and healthcare sectors.

Will Rising Demand from Food and Beverage Industry Enhance Adoption of Liquid Nitrogen in Asia Pacific?

The Asia Pacific region is experiencing rapid growth in the liquid nitrogen market, driven by expanding industrial sectors, technological advancements, and increasing healthcare demands. Countries like China, India, and Japan are leading this surge, with their burgeoning manufacturing industries and growing emphasis on research and development. According to China's National Bureau of Statistics, the country's industrial gas production, including liquid nitrogen, increased by 7.8% in 2024 compared to the previous year, reflecting the region's robust market expansion.

The food and beverage industry in Asia Pacific is a significant contributor to the rising demand for liquid nitrogen, particularly in innovative culinary applications and cold chain logistics. This growth is further fueled by the region's expanding middle class and changing consumer preferences for frozen and convenience foods. In a recent development, on April 5, 2024, Linde plc announced the completion of a new air separation unit in South Korea, significantly boosting its liquid nitrogen production capacity to meet the growing regional demand from various industries, including food and beverage.

Competitive Landscape

The liquid nitrogen market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.

The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the liquid nitrogen market include:

• Linde plc
• Air Liquide
• Praxair, Inc.
• Air Products and Chemicals, Inc.
• Taiyo Nippon Sanso Corporation
• Cryogenics, Inc.
• Messer Group
• BASF SE
• Groupe Atlantic
• Nippon Sanso Holdings Corporation
• Iwatani Corporation
• The Linde Group
• Matheson Tri-Gas, Inc.
• Advanced Cryogenics
• Airgas, Inc.
• Westfalen AG
• Yokohama Industries
• Air Water, Inc.
• SOL Group
• Norco, Inc.

Latest Developments

• Liquid Nitrogen Market Key Developments And Mergers
• In September 2024, Air Products and Chemicals announced a major investment in a new liquid nitrogen production facility in Texas, aimed at meeting the growing demand from the healthcare and electronics sectors.
• In August 2024, Linde plc launched a high-purity liquid nitrogen product specifically designed for use in advanced manufacturing and semiconductor industries, enhancing process efficiency and product quality.

Liquid Nitrogen Market, By Category

• Application:
• Medically Assisted Procreation (MAP)
• Conservation of Blood Products
• Pharmacy
• Vaccines
• Cells
• CAR T cells
• Animal Health
• Tank Capacity:
• Less than 20-40

40-200

200-500

500-2000

• Greater than 2000
• End-User:
• Metal Manufacturing & Construction
• Healthcare
• Food & Beverage
• Chemicals & Pharmaceuticals
• Region:
• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa