LIQUID NITROGEN MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025 - 2032)

Global Liquid Nitrogen Market Size and Forecast – 2025-2032  

The Global Liquid Nitrogen Market is estimated to be valued at USD 22.82 Bn in 2025 and is expected to reach USD 33.87 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 5.8% from 2025 to 2032.

Key Takeaways of the Liquid Nitrogen Market :

• The cryogenic distillation segment is expected to account for 42.6% of the market share in 2025.
• The cylinders & packaged gas segment is projected to hold 28.7% share of the market in 2025.
• The coolant segment is expected to represent 67.8% of the market share in 2025.
• North America is projected to lead the global liquid nitrogen market in 2025, holding a 39.6% share. Asia Pacific is expected to be the fastest-growing region with a 19.5% share.

Market Overview:

The liquid nitrogen market trend is characterized by stable demand across various industries, including healthcare, food and beverage, and manufacturing. However, the slow growth rate suggests that the market may face challenges such as increasing competition from alternative cryogenic liquids and a shift towards more sustainable cooling solutions. Additionally, the demand for advanced cryogenic tanks plays a crucial role in supporting storage and transportation needs. Nevertheless, the consistent demand from key application sectors is expected to maintain the market's overall stability throughout the forecast period.

Currents Events and their Impact

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Segmental Analysis

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Liquid Nitrogen Market Insights, By Production Method - Cryogenic Distillation Dominates Liquid Nitrogen Production due to Rising Large-scale Demand

Cryogenic distillation segment is expected to contribute 42.6% share of the market in 2025, owing to its efficiency, reliability, and ability to produce high-purity liquid nitrogen. Cryogenic distillation is a well-established and widely adopted method for producing liquid nitrogen on a large scale. This process involves the separation of air into its constituent components, including nitrogen, oxygen, and argon, through a series of cooling, compression, and expansion steps.

Liquid Nitrogen Market Insights, By Storage - Cylinders and Packaged Gases Dominate owing to their Enhanced Safety and Convenience

Cylinders & packaged gas segment is projected to contribute 28.7% share of the market in 2025. The widespread adoption of cylinders and packaged gas for liquid nitrogen storage can be attributed to their versatility, convenience, and safety features. Cylinders and packaged gas solutions offer a flexible and portable means of storing and transporting liquid nitrogen, making them ideal for a wide range of applications. One of the primary factors driving the dominance of cylinders and packaged gas in the liquid nitrogen storage market is their ease of use.

Liquid Nitrogen Market Insights, By Function - Coolant Applications Fuel the Demand for Liquid Nitrogen

Coolant segment is expected to contribute 67.8% share of the market in 2025. The extensive use of liquid nitrogen as a coolant across various industries is a key driver for its dominant market position. Liquid nitrogen's exceptional cooling properties make it an indispensable tool for applications that require extremely low temperatures.

Regional Insights

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North America Liquid Nitrogen Market Analysis and Trends

The North America region is projected to lead the market with a 39.6.% share in 2025. The region boasts a well-established market ecosystem, with a strong presence of key players and a robust distribution network. The U.S., in particular, has a thriving industrial sector, including healthcare, food processing, and manufacturing, which heavily relies on liquid nitrogen for various applications.

Notable companies in North America, such as Praxair Technology, Inc., and Linde plc, have made significant contributions to the liquid nitrogen market through their extensive product portfolios, technological advancements, and strong market presence. These companies have invested in research and development, expanding their production capacities, and forming strategic partnerships to meet the growing demand for liquid nitrogen in various industries across the region.

Asia Pacific Liquid Nitrogen Market Analysis and Trends

The Asia Pacific region is expected to exhibit the fastest growth in the market contributing 19.5% share in 2025. This growth can be attributed to the rapid industrialization and urbanization in countries like China, India, and Southeast Asian nations. The presence of major players, such as Taiyo Nippon Sanso Corporation, Air Liquide, and Air Water Inc., has further accelerated the growth of the liquid nitrogen market in the Asia Pacific region. These companies have expanded their production facilities, distribution networks, and customer base to cater to the increasing demand. Additionally, the region's focus on infrastructure development and the adoption of advanced technologies in various industries have created lucrative opportunities for the liquid nitrogen market.

Global Liquid Nitrogen Market Outlook for Key Countries

U.S. Liquid Nitrogen Market Trends

The U.S. liquid nitrogen market is characterized by its mature and well-established nature. The country's advanced healthcare system, extensive food processing industry, and robust manufacturing sector are major drivers of liquid nitrogen demand. Key players like Air Products and Chemicals, Inc. and Praxair Technology, Inc. have a strong presence in the U.S., offering a wide range of liquid nitrogen products and services. These companies have invested in research and development to introduce innovative solutions and enhance the efficiency of liquid nitrogen production and distribution.

China Liquid Nitrogen Market Trends

China liquid nitrogen market is experiencing rapid growth, driven by the country's industrialization, urbanization, and increasing healthcare expenditure. The government's focus on modernizing industries and promoting technological advancements has created a conducive environment for the growth of the liquid nitrogen market. Major players like Air Liquide and Hangzhou Hangyang Co., Ltd. have established a strong presence in China, expanding their production capacities and distribution networks to meet the growing demand. The country's large population and increasing disposable incomes have also fueled the demand for liquid nitrogen in various applications.

India Liquid Nitrogen Market Trends

India continues to be a leading market for liquid nitrogen in the Asia Pacific region. The country's growing healthcare sector, expanding food processing industry, and increasing industrial activities have driven the demand for liquid nitrogen. The Indian government's initiatives to promote foreign investment and support the growth of key industries have further boosted the liquid nitrogen market. Companies like INOX Air Products Ltd. and Linde India Limited have made significant contributions to the market, providing a wide range of liquid nitrogen solutions and services.

Japan Liquid Nitrogen Market Trends

Japan liquid nitrogen market is characterized by its technological advancements and innovation. The country's highly developed healthcare system, advanced manufacturing sector, and cutting-edge research and development activities have driven the demand for liquid nitrogen. Key players like Taiyo Nippon Sanso Corporation and Air Water Inc. have a strong presence in Japan, offering state-of-the-art liquid nitrogen solutions and services. These companies have invested in research and development to introduce advanced technologies and improve the efficiency of liquid nitrogen production and distribution.

Safety and environmental regulations affecting production and usage:

• Safety and environmental regulations play a crucial role in shaping the production and usage of liquid nitrogen. Strict guidelines govern the handling, storage, and transportation of liquid nitrogen due to its extremely low temperature and potential hazards, ensuring worker safety and preventing accidents. Additionally, environmental regulations aimed at reducing energy consumption and minimizing emissions influence how manufacturers operate liquefaction plants, pushing the industry towards more sustainable and eco-friendly practices. Compliance with these regulations often impacts production costs and market dynamics, ultimately affecting the availability and pricing of liquid nitrogen.

Market Players, Key Development, and Competitive Intelligence

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Key Developments:

• In March 2025, Omex opened a liquid nitrogen distribution facility at the Port of Cork in Ireland. The deep-water port allows easy access and gives options on nitrogen purchases into the future. The new facility will load tankers in 25 min. from parking to take off and will be available 24/7 with the use of security tags.
• In April 2022, Linde plc secured a new long-term contract to supply bulk industrial gases to a leading space launch company in Florida, U.S. To meet this demand, Linde plc will supply liquid nitrogen from its air separation plant in Mims, U.S., and plans to expand the facility’s production capacity by up to 50%. This increased capacity, expected to be operational in 2023, will support the new agreement and address rising demand from sectors including aerospace, healthcare, manufacturing, food processing, and water treatment.
• In February 2022, INOX Air Products inaugurated its sixth air separation plant in Hosur, India, to cater to growing healthcare and industrial needs. The USD 36.48 Mn facility at SIPCOT Phase II was completed within 20 months and will produce high-purity liquid nitrogen with a capacity of up to 150 MT per day, doubling the previous output.

Top Strategies Followed by Global Liquid Nitrogen Market Players

• Established players in the global liquid nitrogen market are focusing on extensive research and development to innovate high-performance products. These companies are investing heavily in R&D to develop advanced cryogenic technologies, improve production efficiency, and enhance product quality.
  • For example, Linde plc focuses on enhancing production efficiency and product quality through cutting-edge innovations in cryogenic processes.

• Mid-level players in the market are adopting strategies focused on delivering cost-effective solutions to attract price-sensitive consumers. These companies are optimizing their production processes and sourcing strategies to offer quality products at competitive prices.
  • For example, companies such as Messer Group are streamlining their production and sourcing to offer competitive pricing. Messer has also formed collaborations with technology providers to upgrade its cryogenic equipment, improving capacity and reliability without escalating costs.

• Small-scale players are carving out their niche by specializing in specific market segments and offering unique features or innovative products. These companies are leveraging their agility and flexibility to quickly adapt to evolving market trends and customer requirements.
  • For example, Cryo Innovations, a regional player in the U.S., specializes in customized cryogenic solutions for the medical and laboratory sectors. They leverage agility to rapidly adopt advanced monitoring systems and automation technologies, enhancing product performance and customer satisfaction.

Market Report Scope

Market Dynamics

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Liquid Nitrogen Market Driver - Growing Demand in the Food Preservation Sector

The global liquid nitrogen market is experiencing significant growth, largely driven by the increasing demand for liquid nitrogen and food preservatives in the food preservation sector. As the world's population continues to grow and the need for efficient food storage and transportation becomes more pressing, liquid nitrogen has emerged as a crucial tool in maintaining food quality and extending shelf life. The unique properties of liquid nitrogen, such as its extremely low temperature and ability to rapidly cool products, make it ideal for various food preservation applications, including its role alongside food preservatives in enhancing product longevity.

For instance, according to the United Nations Food and Agriculture Organization (FAO), global food loss and waste amount to approximately 1.3 billion tons annually, with a significant portion occurring during post-harvest handling and storage. The use of liquid nitrogen in food preservation helps reduce these losses by extending the shelf life of perishable goods, thereby contributing to food security and sustainability efforts.

Liquid Nitrogen Market Opportunity - Expansion of Cryogenic Technology Applications

The expanding applications of cryogenic technology present a substantial opportunity for the global liquid nitrogen market. As industries increasingly recognize the benefits of using liquid nitrogen in various processes, the demand for this cryogenic liquid is expected to rise significantly. One of the most promising areas is the healthcare sector, where liquid nitrogen is used in cryotherapy, cryopreservation of biological samples, and the storage of vaccines and other temperature-sensitive medications. The growing emphasis on personalized medicine and the need for long-term sample storage are driving the demand for liquid nitrogen in this field.

For instance, the World Health Organization (WHO) emphasizes the importance of cryopreservation in advancing regenerative medicine, stem cell research, and personalized therapies (WHO, 2022). Cryogenic storage using liquid nitrogen ensures the viability and genetic stability of these valuable biological materials, enabling groundbreaking research and medical breakthroughs.

Analyst Opinion (Expert Opinion)

• The liquid nitrogen market is witnessing robust growth, driven by its diverse applications in food preservation, cryogenics, and industrial processes. Companies like Recent conferences, at the highly successful Cryogenics 2023 conference held in Dresden, Germany from April 25 to 28, 2023, Mr. Ziad Melhem delivered a comprehensive overview of anticipated advancements in cryogenics technology and its applications by 2030.
• These events highlight the importance of safety standards and sustainability practices, especially as industries seek to reduce their environmental impact. As the market continues to expand, driven by trends in food processing and biotechnology, ongoing collaboration and technological innovation will be essential to address challenges in supply chain logistics and product efficiency.

Market Segmentation

•  Production Method Insights (Revenue, USD Bn, 2020 - 2032)
• • Cryogenic Distillation
  • Pressure Swing Adsorption (PSA)
  • Others
•  Storage Insights (Revenue, USD Bn, 2020 - 2032)
• • Cylinders & packaged gas
  • Merchant liquid/ Bulk
  • Tonnage
  • Others
•  Function Insights (Revenue, USD Bn, 2020 - 2032)
• • Coolant
  • Refrigerant
•  End-use Industry Insights (Revenue, USD Bn, 2020 - 2032)
• • Chemicals & pharmaceuticals
  • Healthcare
  • Food & beverages
  • Metal manufacturing & construction
  • Rubber & plastic
  • Others
• Regional Insights (Revenue, USD Bn, 2020 - 2032)
• • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Key Players Insights
• • Air Products and Chemicals, Inc.
  • Linde plc
  • Praxair Technology, Inc.
  • Matheson Tri-Gas, Inc.
  • Air Liquide S.A.
  • Messer Group GmbH
  • Cryogenmash
  • Universal Industrial Gases, Inc.
  • Reliance Gas
  • Southern Industrial Gas Sdn Bhd
  • Gulf Cryo
  • Indura S.A.
  • INOX Air Products
  • NOVA Chemicals
  • Graham Partners

Sources

Primary Research Interviews:

• Cryogenic Plant Operations Manager – Leading Industrial Gas Producer (insights on production technology, capacity, and safety standards)
• Procurement Lead – Major Food Processing Company (demand trends for liquid nitrogen in food freezing and packaging)
• R&D Director – Biopharmaceutical Manufacturer (requirements and innovations in cryogenic storage for pharma/biotech)
• Sustainability Manager – Industrial Gas Industry Association (impact of energy efficiency and environmental regulations on liquid nitrogen production and logistics)

Stakeholders:

• Manufacturers: Industrial gas companies (e.g., Linde, Air Liquide, Praxair)
• End-use Sectors:
• Healthcare & Pharmaceuticals (cryopreservation, sample storage, medical device cooling)
• Food & Beverage (IQF freezing, preservation, packaging)
• Electronics & Semiconductors (cooling during manufacturing)
• Regulatory & Certification Bodies:
• Occupational Safety and Health Administration (OSHA)
• European Industrial Gases Association (EIGA)
• Bureau of Indian Standards (BIS)
• Service Providers & Aftermarket Players: Cryogenic tank manufacturers, maintenance service companies, logistics and distribution partners
• Technology Solution Providers: IoT and remote monitoring system vendors for cryogenic asset tracking

Databases:

• UN Comtrade Database
• India Import Export (EXIM) Database: Brand-wise and volume-wise data on liquid nitrogen imports and exports.
• Industry Association Databases: GasWorld, Gas Innovations, and relevant national industry associations.

Magazines:

• Gas World: Global industrial gas market trends and technology updates
• CryoGas International: Innovations in cryogenics, safety, and logistics
• Food Processing Magazine: Application of liquid nitrogen in food technology
• Pharmaceutical Technology: Use of cryogenics in drug manufacturing and storage

Journals:

• Journal of Cryogenics: Advances in cryogenic engineering and applications
• International Journal of Refrigeration: Research on low-temperature technologies
• Journal of Food Engineering: Use of liquid nitrogen in food processing
• Journal of Hazardous Materials: Safety and environmental impact of cryogenic gases
• Journal of Cleaner Production: Sustainability and lifecycle assessment of industrial gases

Newspapers

• The Wall Street Journal: Reports on global industrial gas market performance
• The Economic Times: Coverage of India’s industrial gas and healthcare sector growth
• China Daily: Updates on Asia’s electronics and food processing industries
• Financial Times: M&A and investment trends in the global chemicals and gases sector
• Gulf News: Middle East industrial expansion and demand for cryogenic solutions

Associations:

• GasWorld
• European Industrial Gases Association (EIGA)
• Compressed Gas Association (CGA)
• Asia Industrial Gases Association (AIGA)
• Indian Industrial Gases Manufacturers Association (IIGMA)
• International Institute of Refrigeration (IIR)

Public Domain Sources

• OECD: Reports on sustainable industrial processes and energy use
• U.S. Department of Energy: Efficiency standards for industrial gas production
• European Commission: REACH regulations and safety directives for chemicals and gases
• Bureau of Energy Efficiency (India): Energy norms for industrial manufacturing
• UNEP: Circular economy initiatives in chemicals and gases

Proprietary Elements:

• CMI Data Analytics Tool, Proprietary CMI Existing Repository of Information for Last 8 Years