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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Liquid Nitrogen Market Analysis
The increasing demand for liquid nitrogen to function as a coolant in a variety of end-use industries, including metal processing and construction, chemical and pharmaceuticals, and healthcare, among others is driving the growth of the market. The rising demand for cylinders and packaged gas has further contributed to the growth of the liquid nitrogen industry.
During the forecast period, tonnage delivery and merchant liquid distribution verticals of the storage segment are expected to be the major distribution modes of the product.
Liquid Nitrogen Market Report Snapshots
Liquid Nitrogen Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 4% between 2024 and 2032.
The major market drivers include the robust growth of the chemical sector and the increasing demand for liquid nitrogen in rubber production.
The increasing demand for coolant in healthcare sector, the rising use of liquid nitrogen in the metal processing and construction sectors, and the surging usage of mobile technologies in the healthcare sector are the key trends propelling the market demand.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Based on the function, the market is divided into coolant and refrigerant.
Based on the technology, the market is divided into cryogenic distillation and pressure swing adsorption.
Based on the storage, the market is divided into cylinders and packaged gas, merchant liquid, tonnage, and others.
The different end uses of the product are chemical and pharmaceutical, healthcare, food and beverage, metal manufacturing, construction, and rubber and plastic, among others.
The market's key players are Linde plc, Air Products Inc., Praxair Technology, Inc., Taiyo Nippon Sanso Corporation, and Southern Industrial Gas Sdn Bhd, among others.
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