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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Liquid Nitrogen Market Size
The global liquid nitrogen market value is expected to grow at a CAGR of 4% in the forecast period of 2024-2032.
| Global Liquid Nitrogen Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | XX |
| Market Size 2032 | USD Billion | XX |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 4.0% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 4.5% |
| CAGR 2024-2032 - Market by Country | India | 5.3% |
| CAGR 2024-2032 - Market by Country | China | 4.2% |
| CAGR 2024-2032 - Market by Function | Coolant | 4.6% |
| CAGR 2024-2032 - Market by Storage | Merchant Liquid | 4.3% |
| Market Share by Country 2023 | Germany | 4.4% |
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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+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124