Get the latest insights on price movement and trend analysis of Nitrogen in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Why did the Nitrogen Price Change in July 2025? Nitrogen prices in the U.S trended higher in April 2025, supported by stronger urea applications during the peak spring planting window as improved Midwest weather drove field activity for crops like corn and rice. Agro-dealers restocked actively, while ammonia consumption stayed soft due to limited industrial use.

Graph and download economic data for Producer Price Index by Industry: Industrial Gas Manufacturing: Nitrogen (PCU3251203251207) from Jun 1981 to Jun 2025 about gas, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

United States - Producer Price Index by Industry: Industrial Gas Manufacturing: Nitrogen was 247.68500 Index Jun 1981=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Industrial Gas Manufacturing: Nitrogen reached a record high of 294.51500 in February of 2023 and a record low of 92.00000 in February of 1999. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Industrial Gas Manufacturing: Nitrogen - last updated from the United States Federal Reserve on August of 2025.

Throughout Q1 2025, the nitrogen (fertilizer) market in North America showed a fluctuating but generally resilient trend. In January, prices rose slightly, supported by restocking ahead of the spring planting season and supply tightness caused by winter-related logistical disruptions. Strong agricultural demand, especially from corn and wheat growers, further fueled price strength as buyers secured inputs early. However, February saw a mild price correction, driven by high inventory levels that had built up from aggressive January procurement.

Graph and download economic data for Producer Price Index by Commodity: Chemicals and Allied Products: Nitrogen (WPU06790303) from Jun 1981 to Jun 2025 about chemicals, commodities, PPI, inflation, price index, indexes, price, and USA.

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.

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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

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 expanded slightly to $217.2B in 2024, with an increase of 3.1% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $238.4B. From 2016 to 2024, the growth of the global market failed to regain momentum.

United States - Producer Price Index by Commodity: Chemicals and Allied Products: Nitrogen was 250.85800 Index 1982=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Chemicals and Allied Products: Nitrogen reached a record high of 298.28700 in February of 2023 and a record low of 93.20000 in February of 1999. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Chemicals and Allied Products: Nitrogen - last updated from the United States Federal Reserve on August of 2025.

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.

Urea fell to 442.50 USD/T on August 8, 2025, down 0.84% from the previous day. Over the past month, Urea's price has risen 1.14%, and is up 39.15% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Urea.

After two years of growth, the Vietnamese nitrogen market decreased by -0.6% to $336M in 2024. Overall, the total consumption indicated perceptible growth from 2012 to 2024: its value increased at an average annual rate of +2.5% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +42.4% against 2016 indices. As a result, consumption attained the peak level of $413M.

The global liquid nitrogen market value is expected to grow at a CAGR of 4.00% in the forecast period of 2025-2034.

Forecast: Nitrogen Market Size Value in Germany 2024 - 2028 Discover more data with ReportLinker!

Graph and download economic data for Producer Price Index by Industry: Nitrogenous Fertilizer Manufacturing (PCU325311325311) from Dec 1975 to Jun 2025 about fertilizers, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

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 2024, the GCC nitrogen market decreased by -3.4% to $422M for the first time since 2016, thus ending a seven-year rising trend. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2024; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the peak level at $437M in 2023, and then shrank in the following year.

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.

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