The Liquid Nitrogen Market report segments the industry into Storage Type (Cylinder, Packaged Gas), Function (Coolant, Refrigerant), End-User Industry (Chemical and Pharmaceutical, Healthcare, Transportation, Other End-User Industries), and Geography (Asia-Pacific, North America, Europe, South America, Middle-East and Africa). Five years of historical data and market forecasts are included.

Global Nitrogen market size is expected to reach $48.52 billion by 2029 at 11.4%, segmented as by product type, compressed gas, liquid nitrogen

Global Liquid Nitrogen Market size & share value expected to touch USD 27.07 billion by 2032, to grow at a CAGR of 4.6% during the forecast period.

Nitrogen Market size was valued at USD 39.03 Billion in 2024 and is projected to reach USD 61.7 Billion by 2031, growing at a CAGR of 6.50% from 2024 to 2031.

Nitrogen Market Drivers

Chemical Industry: Nitrogen gas is a crucial component in the production of a wide range of chemicals, including fertilizers, ammonia, and nitric acid. Steel and Metals Industry: Nitrogen is used as a protective atmosphere for heat treating and annealing metals, preventing oxidation and improving product quality. Electronics Industry: Nitrogen is used in the manufacturing of semiconductors and other electronic components to prevent contamination and ensure product reliability.

Nitrogen Market Restraints

Energy Consumption: The production of nitrogen gas requires significant energy consumption, which can impact operating costs. Environmental Concerns: The production and release of nitrogen into the atmosphere can have environmental implications, such as contributing to air pollution and climate change. Competition from Alternative Gases: Nitrogen competes with other gases, such as argon and carbon dioxide, in certain applications.

The global Nitrogen market has reached approximately 43 million tonnes in 2022 and is expected to grow at a CAGR of 5.23% during the forecast period until 2032.

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Liquid Nitrogen Market Size 2025-2029

The liquid nitrogen market size is forecast to increase by USD 7.25 billion, at a CAGR of 6.7% between 2024 and 2029.

The market is characterized by robust growth, driven by escalating demand from various sectors, particularly in the healthcare industry, where it is utilized as a jet medium in petroleum engineering for cryosurgery and preserving organs. This application segment is poised for significant expansion due to the increasing prevalence of chronic diseases and the rising number of organ transplantations. However, the market faces challenges stemming from the volatile prices of liquid nitrogen, which can impact profitability for manufacturers and end-users alike. This price instability is influenced by factors such as production costs, transportation, and supply and demand dynamics.
Another challenge arises from the safety concerns associated with handling and storing liquid nitrogen due to its extremely low temperature and high pressures. Companies must invest in robust safety infrastructure and adhere to stringent regulatory requirements to mitigate risks and ensure customer confidence. In the food and beverage industry, liquid nitrogen is increasingly used for producing innovative and high-quality products, such as frozen desserts and specialty drinks, catering to consumers' evolving preferences. Additionally, the electronics sector leverages liquid nitrogen for cooling and quenching processes, enabling the production of advanced semiconductors and other high-tech components. To capitalize on the market's growth potential and navigate the challenges effectively, companies must focus on optimizing their supply chain and production processes, investing in safety infrastructure, and exploring opportunities in emerging applications.
By staying informed of market trends and proactively addressing challenges, businesses can position themselves for long-term success in the dynamic the market.

What will be the Size of the Liquid Nitrogen Market during the forecast period?

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The market continues to evolve, driven by the diverse applications of this versatile substance across various sectors. Cryogenic vaporization transforms nitrogen gas into its liquid state, which is utilized in numerous industries for cryogenic temperature control, material testing, and cryogenic propulsion, among others. Nitrogen gas condensation plays a crucial role in the production of liquid nitrogen, while nitrogen gas storage solutions ensure its safe and efficient handling. Cryogenic level sensing and cryogenic pressure regulation are essential components of nitrogen gas distribution systems, enabling seamless transportation and delivery. Nitrogen gas pipelines facilitate the large-scale transportation of this essential industrial gas, while nitrogen gas purification ensures the highest levels of nitrogen purity for specific applications.

Nitrogen gas monitoring and cryogenic leak detection are integral to maintaining safety practices and optimizing processes. In the medical field, liquid nitrogen is used for cryotherapy, while in the food industry, it is employed for preservation. Nitrogen gas is also a vital component in semiconductor manufacturing, vacuum insulation, and cryogenic energy efficiency. The aerospace industry relies on liquid nitrogen for cryogenic fuel and cryogenic refrigeration, while Cryogenic Insulation is essential for maintaining low temperatures in various applications. Nitrogen gas cost and production methods continue to be key market dynamics, with ongoing research and innovation driving advancements in nitrogen gas dewars, cryogenic energy efficiency, and cryogenic process optimization.

How is this Liquid Nitrogen Industry segmented?

The liquid nitrogen industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Chemical/pharma/biotech
  Food and beverages
  Metal manufacturing and construction
  Others


Usage

  Coolant
  Refrigerant


Technology

  Cryogenic distillation
  Pressure swing adsorption
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Application Insights

The chemical/pharma/biotech segment is estimated to witness significant growth during the forecast period.

In the realm of industrial applications, liquid nitrogen plays a pivotal role, particularly in the chemical industry. Its primary functions include pressurizing gases and transporting liquids via pipelines through cryogenic vaporization. Additionally, it inerts chemicals, cools reactors, shields them from oxygen exposure, and aids in

Global Nitrogen Market size is set to expand from $ 36.19 Billion in 2023 to $ 88.55 Billion by 2032, with an anticipated CAGR of around 9.4% from 2024 to 2032.

Liquid Nitrogen Market was valued at $19.14 Bn in 2023, and is projected to reach $USD 31.34 Bn by 2032, at a CAGR of 5.63% from 2023 to 2032.

This statistic shows the forecasted market revenue of liquid nitrogen in the United States from 2017 to 2025, by end-use. It is forecasted that the U.S. metal manufacturing and construction industry's utilization of liquid nitrogen will have a market revenue of **** billion U.S. dollars in 2025.

The Liquid Nitrogen Market is valued to reach USD 20.56 Billion by 2025, expanding at CAGR of 5.2% over the forecast period 2020-2026. Growing healthcare, chemical and metal manufacturing industries, growing industrialization and burgeoning energy markets and increasing use of LN2 for cooling the electronic products are driving the market gowth.
Liquid nitrogen is used for cryotherapy to treat malignant skin lesions such as keratosis. It is also used to store cells at low temperature for lab work, for promession (a way to dispose the dead), for cryonic preservation, as a coolant, and etc. The production process involves cryogenic distillation of liquefied air from liquefication of pure nitrogen derived from air with the help of pressure swing adsorption. Air is filtered to high pressure with an air compressor and the high pressure is then cooled to the surroundings temperature which is also allowed to expand to a low pressure. Lastly, the expanding air cools significantly and out of which oxygen, nitrogen and argon are separated by further stages of expansion & distillation.

Liquid Nitrogen Market Drivers:

The major driving forces responsible for the growth of liquid nitrogen market includes rise in demand for electronic items and increasing demand from healthcare domain. Additionally, the expansion of chemical industry in the developing and emerging economies further propelling the growth of liquid nitrogen market. Increasing demand for coolant in cars and heavy vehicles is encouraging the use of liquid nitrogen for automobile industry. Moreover, food industry finds a significant use from storage perspective. However, health hazards associated with excessive use of liquid nitrogen is likely to limit the market growth in terms of use.

Liquid Nitrogen Market Segment Insights:

By End-User:

Based on end-use segmentation, the liquid nitrogen market is segmented into chemicals & pharmaceuticals, food & beverages, healthcare, metal manufacturing, construction, rubber & plastics and electronics and energy. Chemicals & pharmaceuticals segment is projected to be the rapidly growing end-use industry during the forecast period. The market is projected to grow in the healthcare, food & beverages, rubber and plastics over the forecast period. Based on storage, distribution and transportation, the market is segmented as cylinder & packaged distribution, merchant liquid distribution and tonnage distribution.

By Function:

Based on function, the global liquid nitrogen market is segmented into coolant and refrigerant. Coolant segment is projected to grow at the higher CAGR during the forecast period owing to ideal characteristics of liquid nitrogen and wider utility in different applications in diverse end-use verticals.

By Manufacturing Process:

Based on manufacturing process, the global liquid nitrogen market is segmented as cryogenic distillation and pressure swing adsorption. Cryogenic distillation process dominates the liquid nitrogen market in the global market and hence it is widely used process for producing oxygen purity, nitrogen and argon. Being cost-effective it is a favorable solution for industrial plants with high production rate.

By Geography:

Based on geographical segmentation, the liquid nitrogen market spans North America, Europe, Asia-Pacific, Middle-East and Africa. Asia-Pacific and North America is projected to witness a higher CAGR during the forecast period. APAC market is expected to witness boom owing to developmental activities, and proliferation of growing economies in countries like China and India. Further, disposable income of the people in APAC region have led to demand for high-end and quality products. Hence, the metal and chemical industry in the APAC regions are increasing rapidly to satisfy the demand from the construction and manufacturing sector.

The above graph is just for representation purpose and should not be considered as final numbers. The numbers represented in graph are not actual.

A Malaysian health minister recently claimed that liquid nitrogen used in food preparation is not hazardous if handled with care. The minister further stated that liquid nitrogen is been widely used in the food industry which should be avoided if it is not fully evaporated. The ministry strongly insisted that it should only be used at appropriate temperature levels for consumption.

Competit

Liquid Nitrogen Market is projected to reach USD 30.8 Billion by 2034, with a 5.1% CAGR from 2025 to 2034.

Global Nitrogen Market was valued at USD 38742.58 Million in 2024 and is expected to reach USD 79809.11 Million by 2030 with a CAGR of 4.47%.

Pages	185
Market Size	2024: USD 38742.58 Million
Forecast Market Size	2030: USD 79809.11 Million
CAGR	2025-2030: 4.47%
Fastest Growing Segment	Direct
Largest Market	North America
Key Players	1. POSCO 2. Air Liquide 3. Linde PLC 4. INOX-Air Products Inc. 5. Massy Gas Products (Guyana) Ltd (MGPGL) 6. Al Burjussia 7. Pengerang Gas Solutions Sdn Bhd (PGSSB) 8. Air Products and Chemicals, Inc. 9. Ajwaa Gases LLC 10. Jiangsu Hangyang Runhua Gas Co Ltd

In 2022, the nitrogen gas sector contributed significantly to the global industrial gas market, accounting for ***** billion U.S. dollars of the total market size of ***** billion U.S. dollars. The nitrogen gas market is projected to experience considerable growth, with its value expected to nearly double by 2030. Additional information on the global industrial gas market can be found here.

Liquid Nitrogen Market size was valued at USD 1.84 Billion in 2024 and is projected to reach USD 2.97 Billion by 2032, growing at a CAGR of 6.13% during the forecast period 2026-2032.Liquid Nitrogen Market DriversLiquid nitrogen (LN2) is a cryogenic fluid that is widely used in various scientific, medical, and industrial applications due to its extremely low temperature. It is nitrogen in a liquid state at an incredibly low temperature typically around -196 degrees Celsius (-321 degrees Fahrenheit). This remarkable property of liquid nitrogen stems from the fact that nitrogen gas (which makes up about 78% of the Earth’s atmosphere) condenses into a liquid state under atmospheric pressure when cooled to this temperature.This chemical is widely employed in cryogenic operations. One major application is the preservation and transportation of perishable items. LN2’s low temperature successfully maintains biological samples, food goods, and medications by inhibiting biological activity and preventing spoiling. This is crucial for the worldwide supply chain of perishable goods since it ensures that vaccinations, blood samples, and other temperature-sensitive materials stay viable during travel and storage.

The Global Industrial Nitrogen Market was valued at USD 3.55 Billion in 2022 and is growing at a CAGR of 6.81 % during the forecast period.

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Market Size
Forecast Market Size
CAGR
Fastest Growing Segment
Largest Market
Key Players

The industrial nitrogen market, valued at approximately $XX million in 2025, is projected to experience robust growth, driven by a compound annual growth rate (CAGR) of 4.75% from 2025 to 2033. This expansion is fueled by several key factors. The burgeoning chemical and pharmaceutical industries, along with the escalating demand for nitrogen in food processing and preservation, are significant contributors. Furthermore, the increasing adoption of nitrogen as a coolant and refrigerant in various industrial applications, including transportation and healthcare, is boosting market demand. Technological advancements leading to more efficient nitrogen generation and delivery systems are also propelling market growth. Growth is geographically diverse, with Asia Pacific, particularly China and India, expected to lead due to rapid industrialization and expanding manufacturing sectors. However, stringent environmental regulations related to nitrogen emissions and fluctuations in raw material prices present challenges to sustained growth. Competition among established players like Air Liquide, Air Products, and Linde, alongside regional players, is intensifying, leading to innovative product offerings and strategic partnerships. The market segmentation, encompassing various storage types (cylinder, packaged gas), functions (coolant, refrigerant), and end-user industries, reflects the diverse applications of industrial nitrogen and offers lucrative opportunities for specialized players. The forecast period (2025-2033) anticipates continued expansion, driven by sustained growth in key end-use sectors and the increasing adoption of cost-effective and sustainable nitrogen technologies. The market's segmentation by storage type (cylinder and packaged gas) offers insights into evolving consumer preferences and logistical considerations. Similarly, analyzing the functional segmentation (coolant and refrigerant) highlights the distinct applications driving market demand. The regional breakdown allows for targeted market penetration strategies, acknowledging the unique economic and regulatory landscapes of each area. Understanding these dynamics is crucial for manufacturers to tailor product offerings, optimize supply chains, and capitalize on the immense potential within specific market segments and geographic locations. The historical period (2019-2024) provides a valuable baseline for predicting future trends, factoring in past performance and external market influences. By understanding these trends and adapting to the competitive landscape, companies can strategically position themselves for success within this dynamic market. Recent developments include: April 2022: Linde plc signed another long-term arrangement to supply bulk industrial gases with a major space launch firm in Florida. Linde will deliver liquid nitrogen to the client from its air separation facility in Mims, Florida, expanding to increase production capacity by up to 50%. The extra capacity, expected to begin operations in 2023, will fulfill the new agreement's demands and increase demand from clients in the aerospace, healthcare, manufacturing, food processing, and water treatment end sectors., February 2022: INOX Air Products opened its sixth air separation plant in Hosur, India, to satisfy expanding healthcare and industrial demand. The INR 3000 million (USD 36.48 billion) plant at SIPCOT Phase II was completed in just 20 months. It will produce high-purity liquid nitrogen with a capacity of up to 150 MT per day, twice the current amount.. Key drivers for this market are: Increasing Demand from the Chemical and Pharmaceutical Industry, Growing Application in the Healthcare Industry; Other Drivers. Potential restraints include: Increasing Demand from the Chemical and Pharmaceutical Industry, Growing Application in the Healthcare Industry; Other Drivers. Notable trends are: Growing Demand from the Chemical and Pharmaceutical Industry.

[195+ Pages Report] The global liquid nitrogen market size was valued at USD 17.5 billion in 2021 and at a CAGR of 4.8% is expected to reach a value of around USD 22.8 billion by 2028.

Dive into Market Research Intellect's Medical Liquid Nitrogen Market Report, valued at USD 2.1 billion in 2024, and forecast to reach USD 3.9 billion by 2033, growing at a CAGR of 7.5% from 2026 to 2033.

Nitrogen Market Outlook

According to our latest research, the global nitrogen market size reached USD 38.2 billion in 2024, driven by robust demand across key industrial sectors. The market is expected to grow at a CAGR of 4.6% from 2025 to 2033, reaching a projected value of USD 57.2 billion by 2033. This steady growth is propelled by increasing applications in food processing, electronics manufacturing, and healthcare, as well as expanding infrastructure and technological advancements in gas production and distribution. The nitrogen market’s positive trajectory reflects its indispensable role in diverse applications and the ongoing shift towards industrial modernization and sustainability.

A primary growth factor for the nitrogen market is its extensive use in the food and beverage sector, where nitrogen is essential for packaging, preservation, and freezing processes. The rising global demand for packaged and convenience foods has led to a surge in the adoption of modified atmosphere packaging, which relies heavily on nitrogen to extend shelf life and maintain product quality. Additionally, the growing trend towards ready-to-eat meals and the expansion of cold chain logistics in emerging economies further amplify the need for nitrogen. The food industry’s stringent safety and quality standards also fuel the demand for high-purity nitrogen, stimulating investments in advanced gas generation and supply systems.

Another significant driver is the proliferation of nitrogen applications in the chemical and healthcare industries. In chemicals manufacturing, nitrogen is used extensively for inerting, blanketing, and purging processes to prevent unwanted reactions and ensure safety. The healthcare sector depends on high-purity nitrogen for cryopreservation, medical device manufacturing, and pharmaceutical production. The rapid expansion of biotechnology, increasing investments in research and development, and the global focus on healthcare infrastructure improvement are all contributing to heightened nitrogen consumption. Furthermore, the electronics industry’s growth, particularly in semiconductor fabrication and component assembly, has increased the need for ultra-high purity nitrogen, fueling further market expansion.

Technological advancements and the shift towards eco-friendly production methods are also shaping the nitrogen market landscape. Innovations in air separation technologies, such as pressure swing adsorption (PSA) and cryogenic distillation, have improved the efficiency and scalability of nitrogen production. The adoption of on-site nitrogen generation systems by end users is reducing dependency on bulk deliveries and lowering overall costs. Meanwhile, sustainability initiatives and stricter environmental regulations are compelling manufacturers to optimize energy use and minimize emissions during nitrogen production, supporting the market’s evolution towards greener solutions. These trends are expected to further enhance the competitiveness and attractiveness of nitrogen as a critical industrial gas.

Regionally, Asia Pacific continues to dominate the nitrogen market due to rapid industrialization, urbanization, and the presence of major manufacturing hubs in China, India, and Southeast Asia. North America and Europe also represent substantial market shares, driven by mature end-use industries and ongoing investments in technological upgrades. Latin America and the Middle East & Africa are witnessing rising demand, particularly in the oil & gas and food processing sectors, although market penetration remains comparatively lower. The regional outlook remains positive, with Asia Pacific anticipated to maintain its lead, supported by ongoing infrastructure development and favorable government policies.

Form Analysis

The form segment of the nitrogen market is bifurcated into liquid nitrogen and gaseous nitrogen, each catering to distinct applications and end-user requirements. Liquid nitrogen is predominantly used for cryogenic applications, such as food freezing, biological sample preservation, and cryosurgery, due to its extremely low temperature and inert properties. The expansion of the healthcare and food processing sectors has spurred demand for liquid nitrogen, with hospitals, laboratories, and food manufacturers increasingly relying on this form for its efficiency in preserving sensitive materials and products. The growth in biotechnology and pharmaceutical research has also led to a surge in liquid nitro

Global Liquid Nitrogen market size is expected to reach $25.25 billion by 2029 at 7%, growing healthcare sector drives surge in liquid nitrogen market demand