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    Liquid Nitrogen Market

    ID: MRFR/CnM/1591-HCR
    111 Pages
    Chitranshi Jaiswal
    October 2025

    Liquid Nitrogen Market Research Report: By Storage (Cryogenic Cylinders & Packaged Gas, Tonnage), By Technology (Cryogenic Distillation, Pressure Swing Adsorption), By End-Use Industry (Chemical, Healthcare, Food & Beverages, Foundry) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2035.

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    Liquid Nitrogen Market Infographic
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    Liquid Nitrogen Market Summary

    As per MRFR analysis, the Liquid Nitrogen Market Size was estimated at 16.32 USD Billion in 2024. The Liquid Nitrogen industry is projected to grow from 17.03 in 2025 to 26.1 by 2035, exhibiting a compound annual growth rate (CAGR) of 4.36 during the forecast period 2025 - 2035.

    Key Market Trends & Highlights

    The Liquid Nitrogen Market is poised for robust growth driven by diverse applications and technological advancements.

    • The market experiences growing demand in food preservation, particularly in North America, which remains the largest market.
    • Advancements in medical applications are propelling the use of liquid nitrogen, especially in the Asia-Pacific region, recognized as the fastest-growing market.
    • Cryogenic cylinders dominate the market, while tonnage is emerging as the fastest-growing segment due to increased industrial applications.
    • Key drivers include the rising demand in the pharmaceutical sector and the expansion of the electronics industry, which significantly influence market dynamics.

    Market Size & Forecast

    2024 Market Size 16.32 (USD Billion)
    2035 Market Size 26.1 (USD Billion)
    CAGR (2025 - 2035) 4.36%

    Major Players

    Linde plc (IE), Air Products and Chemicals, Inc. (US), Praxair Technology, Inc. (US), Air Liquide S.A. (FR), Messer Group GmbH (DE), Nippon Sanso Holdings Corporation (JP), Taiyo Nippon Sanso Corporation (JP), Universal Industrial Gases, Inc. (US)

    Liquid Nitrogen Market Trends

    The Liquid Nitrogen Market is currently experiencing a notable transformation, driven by various factors that influence its demand and application across multiple sectors. Industries such as food preservation, healthcare, and electronics are increasingly adopting liquid nitrogen due to its unique properties, which facilitate rapid cooling and preservation. This trend appears to be fueled by a growing awareness of the benefits associated with cryogenic technologies, as well as the need for efficient and sustainable solutions in manufacturing and logistics. Furthermore, the expansion of the food and beverage sector, alongside advancements in medical technologies, suggests a robust future for liquid nitrogen applications. In addition, the Liquid Nitrogen Market is likely to witness innovations in production and distribution methods, enhancing accessibility and reducing costs. The rise of environmentally conscious practices may also lead to the development of more sustainable production techniques. As industries continue to explore the potential of liquid nitrogen, the market is poised for growth, with emerging applications in sectors such as pharmaceuticals and aerospace. Overall, the Liquid Nitrogen Market appears to be on a promising trajectory, characterized by evolving technologies and increasing demand across diverse applications.

    Growing Demand in Food Preservation

    The Liquid Nitrogen Market is witnessing an increase in demand from the food preservation sector. This trend is largely attributed to the effectiveness of liquid nitrogen in maintaining food quality and extending shelf life. As consumers become more health-conscious, the need for safe and efficient preservation methods is likely to drive further adoption.

    Advancements in Medical Applications

    Innovations in medical technologies are significantly impacting the Liquid Nitrogen Market. The use of liquid nitrogen in cryotherapy and tissue preservation is becoming more prevalent, suggesting a potential for growth in healthcare applications. This trend indicates a shift towards more advanced medical procedures that rely on cryogenic solutions.

    Sustainability Initiatives in Production

    The Liquid Nitrogen Market is also experiencing a shift towards sustainable production practices. As industries become more environmentally aware, there is a growing emphasis on reducing the carbon footprint associated with liquid nitrogen production. This trend may lead to the development of greener technologies and processes, enhancing the market's appeal.

    The global liquid nitrogen market appears poised for growth, driven by increasing demand across various sectors, including food preservation and industrial applications, which suggests a robust trajectory for the coming years.

    U.S. Department of Energy

    Liquid Nitrogen Market Drivers

    Growth in Food and Beverage Sector

    The food and beverage sector plays a crucial role in the Liquid Nitrogen Market, particularly in food preservation and freezing processes. Liquid nitrogen is increasingly employed for flash freezing, which helps maintain the quality and texture of food products. The Liquid Nitrogen is anticipated to reach 300 billion USD by 2025, indicating a growing reliance on liquid nitrogen for preserving food items. This trend suggests that as consumer preferences shift towards convenience and quality, the demand for liquid nitrogen in the food and beverage sector will likely continue to rise, further enhancing the Liquid Nitrogen Market.

    Expansion of the Electronics Industry

    The Liquid Nitrogen Market is poised for growth due to the expansion of the electronics industry, where liquid nitrogen is utilized for cooling semiconductor devices and enhancing manufacturing processes. As the demand for high-performance electronics continues to rise, the need for effective cooling solutions becomes paramount. The semiconductor market is projected to reach 600 billion USD by 2025, suggesting a substantial increase in the use of liquid nitrogen for cooling applications. This trend indicates that advancements in electronics manufacturing will likely drive the Liquid Nitrogen Market, as companies seek to optimize performance and efficiency.

    Increasing Use in Cryogenic Applications

    The Liquid Nitrogen Market experiences a notable surge in demand due to its extensive applications in cryogenics. Industries such as aerospace, automotive, and electronics utilize liquid nitrogen for cooling and preserving materials at extremely low temperatures. The cryogenic treatment process, which enhances the durability and performance of metals, is gaining traction. In 2025, the market for cryogenic equipment is projected to reach approximately 20 billion USD, indicating a robust growth trajectory. This trend suggests that as industries continue to innovate, the reliance on liquid nitrogen for cryogenic applications will likely expand, further solidifying its role in the Liquid Nitrogen Market.

    Technological Advancements in Production

    Technological advancements in the production of liquid nitrogen are expected to drive the Liquid Nitrogen Market forward. Innovations in cryogenic technology and production efficiency are likely to reduce costs and improve the overall quality of liquid nitrogen. As production methods become more sustainable and energy-efficient, the market may witness an increase in supply, catering to the growing demand across various sectors. In 2025, the market for industrial gases, including liquid nitrogen, is projected to reach 100 billion USD, indicating a favorable environment for growth. This trend suggests that ongoing technological improvements will likely enhance the Liquid Nitrogen Market, making it more competitive and accessible.

    Rising Demand in the Pharmaceutical Sector

    The pharmaceutical sector significantly contributes to the Liquid Nitrogen Market, as liquid nitrogen is essential for the preservation of biological samples and the storage of vaccines. The increasing focus on biopharmaceuticals and personalized medicine has led to a heightened need for effective storage solutions. In 2025, the biopharmaceutical market is expected to surpass 500 billion USD, which may drive the demand for liquid nitrogen in various applications, including cryopreservation and transportation of sensitive materials. This trend indicates that the pharmaceutical industry's growth will likely bolster the Liquid Nitrogen Market, as companies seek reliable methods for maintaining product integrity.

    Market Segment Insights

    By Storage: Cryogenic Cylinders (Largest) vs. Tonnage (Fastest-Growing)

    In the Liquid Nitrogen Market, storage solutions are primarily categorized into Cryogenic Cylinders and Tonnage systems. Cryogenic Cylinders dominate the market due to their versatility and efficiency in storing liquid nitrogen for diverse applications, including medical and industrial use. Tonnage systems, while smaller in market share, are gaining traction and contribute notably to the sector as businesses increasingly adopt larger storage solutions for mass production and distribution requirements, reflecting a shift towards bulk handling of cryogenic gases.

    Storage Solutions: Cryogenic Cylinders (Dominant) vs. Tonnage (Emerging)

    Cryogenic Cylinders are the dominant storage solution in the Liquid Nitrogen Market, favored for their compact design and ability to maintain low temperatures for extensive periods. They cater to various industries, including healthcare for cryopreservation and food processing for freezing applications. Conversely, Tonnage systems represent an emerging trend, well-suited for companies that prioritize high-volume storage. Tonnage systems allow for continuous liquid nitrogen supply, making them ideal for large-scale industrial processes. Both storage solutions illustrate the evolving needs of industries where liquid nitrogen is utilized, showcasing technological advancements and the quest for operational efficiency.

    By Technology: Cryogenic Distillation (Largest) vs. Pressure Swing Adsorption (Fastest-Growing)

    In the Liquid Nitrogen Market, the technology segment is characterized by two main techniques: Cryogenic Distillation and Pressure Swing Adsorption. Cryogenic Distillation holds a significant portion of the market share due to its efficiency and reliability in separating nitrogen from air at low temperatures. In comparison, Pressure Swing Adsorption, while currently a smaller share of the market, is rapidly gaining traction among users seeking cost-effective and energy-efficient solutions for nitrogen production.

    Technology: Cryogenic Distillation (Dominant) vs. Pressure Swing Adsorption (Emerging)

    Cryogenic Distillation is the dominant technology in the Liquid Nitrogen Market, known for its high purity and efficiency in producing liquid nitrogen by cooling air to extremely low temperatures. It is widely adopted in various applications, including food preservation, medical uses, and metal processing. Meanwhile, Pressure Swing Adsorption is emerging as a popular alternative, offering advantages in terms of operational flexibility and lower capital costs. It is particularly appealing for industries looking for on-site nitrogen generation solutions. As environmental regulations tighten, the inclination towards efficient and sustainable manufacturing processes is expected to bolster the growth of both technologies.

    By End-Use Industry: Chemical (Largest) vs. Healthcare (Fastest-Growing)

    The Liquid Nitrogen Market is significantly influenced by its end-use industries, with the chemical sector holding the largest share. The chemical industry exploits liquid nitrogen for various applications, including reaction chilling and serving as an inert gas to prevent unwanted reactions. Meanwhile, the healthcare sector, though smaller in comparison, is rapidly gaining traction by leveraging liquid nitrogen for cryopreservation and storage of biological samples, hence marking itself as the fastest-growing segment in the market. As the chemical industry maintains its lead through established usage, the healthcare sector is propelled by innovation and increasing requirements for cryogenic storage and transport. This growth is in part driven by advancements in medical research, including biobanking, vaccine development, and stem cell research, which consistently demand more efficient and reliable storage solutions, further increasing the consumption of liquid nitrogen in healthcare applications.

    Chemical (Dominant) vs. Healthcare (Emerging)

    The chemical sector stands as the dominant end-use industry for liquid nitrogen, utilizing it for various essential processes such as inerting, cooling, and maintaining particular environmental conditions during reactions. Its well-established infrastructure and extensive usage in pharmaceutical and chemical manufacturing process solidify its dominant position. In contrast, the healthcare sector, categorized as an emerging area, presents significant growth potential. Its applications are expanding due to technological advancements, particularly in cryogenic preservation of cells and tissues. This segment is increasingly recognized for its necessity in advanced medical applications like gene therapy and regenerative medicine, thereby spotlighting healthcare as a crucial area of growth that could reshape market dynamics in years to come.

    Get more detailed insights about Liquid Nitrogen Market

    Regional Insights

    The  Liquid Nitrogen Market revenue is projected at 16.32 USD Billion in 2024, showcasing a robust growth landscape across various regions. North America leads with a valuation of 5.1 USD Billion in 2024, which highlights its significance in the industrial sector due to its notable investment in Cryogenics and the food preservation industry. Europe follows with a solid valuation of 4.2 USD Billion in the same year, benefiting from a strong demand in pharmaceuticals and biotechnology.

    The Asia Pacific region also holds a substantial share, valued at 5.8 USD Billion in 2024, driven primarily by rapid industrialization and a growing population necessitating increased food supply and preservation methods.South America represents a smaller market at 1.0 USD Billion, as the region explores opportunities in agriculture and food processing. Meanwhile, the Middle East and Africa, with a valuation of 0.22 USD Billion in 2024, is emerging as a growing market due to rising applications in the oil and gas sectors.

    The  Liquid Nitrogen Market statistics reflect a diverse landscape, with each region providing unique growth drivers and challenges, establishing opportunities throughout the  supply chain. A focus on sustainable practices and technological advancements is anticipated to further propel market growth in the coming years.

    Liquid Nitrogen Market Regional Insights

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Key Players and Competitive Insights

    The  Liquid Nitrogen Market is a critical segment of the industrial gases sector, characterized by intense competition among key players and ongoing technological advancements. Liquid nitrogen is widely utilized across diverse industries, including food and beverage, pharmaceuticals, electronics, and metal fabrication, contributing to its robust demand. Factors such as increasing industrialization, growing healthcare needs, and the expanding food processing sector have propelled the market. Companies operating in this field are focusing on strategic initiatives such as operational excellence, innovation in production technologies, and expanding their geographical reach to capture market opportunities.

    Their competitive strategies include mergers and acquisitions, partnerships, and collaborations to enhance their service offerings and strengthen market positions.Linde Gas is recognized as a significant player in the  Liquid Nitrogen Market, leveraging its extensive experience and advanced technology to provide high-quality liquid nitrogen solutions. With a strong  footprint, Linde Gas operates numerous production facilities and distribution centers, ensuring efficient supply chains and availability of products across various regions. The company benefits from its established brand reputation and technical expertise, which enable it to cater to a wide range of industries effectively.

    Linde Gas emphasizes customer-centric solutions by offering tailored applications that meet specific needs, thus enhancing customer relationships. Furthermore, the company's commitment to sustainability and operational efficiency positions it favorably against competitors, allowing it to capitalize on market demands.Air Products and Chemicals also plays a vital role in the  Liquid Nitrogen Market, offering a diverse range of industrial gases, including liquid nitrogen for numerous applications. The company's extensive portfolio includes key products and services tailored for sectors such as healthcare, food processing, and electronics manufacturing.

    Air Products and Chemicals strives to maintain a strong presence in the market through innovative technologies and strong customer partnerships. Strengthened by strategic mergers and acquisitions, the company continually enhances its capabilities and expands its  footprint. Its commitment to sustainable practices and operational excellence enables Air Products and Chemicals to maintain a competitive edge, providing reliable, high-quality nitrogen solutions while meeting the evolving needs of its clients in the  landscape.

    Key Companies in the Liquid Nitrogen Market market include

    Industry Developments

    • Q2 2024: Linde Starts Up New Liquid Nitrogen Plant in Texas to Meet Growing Demand Linde announced the opening of a new liquid nitrogen production facility in Texas, expanding its supply capabilities for the healthcare, food, and electronics sectors in the southern United States.
    • Q1 2024: Air Liquide Signs Long-Term Supply Agreement with Major Semiconductor Manufacturer in South Korea Air Liquide secured a multi-year contract to supply liquid nitrogen and other industrial gases to a leading semiconductor manufacturer, supporting the expansion of advanced chip production lines.
    • Q2 2024: Air Products Announces $250 Million Investment in New Liquid Nitrogen Plant in India Air Products revealed plans to build a large-scale liquid nitrogen and oxygen plant in Gujarat, India, to serve the region’s growing industrial and healthcare needs.
    • Q3 2024: Linde and Praxair Form Joint Venture to Expand Liquid Nitrogen Distribution in Brazil Linde and Praxair announced a joint venture to enhance their logistics and distribution network for liquid nitrogen across Brazil, targeting the food processing and medical sectors.
    • Q1 2025: Air Liquide Launches On-Site Liquid Nitrogen Production for Major European Biotech Firm Air Liquide began on-site liquid nitrogen production at a leading European biotechnology company’s facility, enabling continuous supply for cryopreservation and research applications.
    • Q2 2025: Air Products Wins Multi-Year Liquid Nitrogen Supply Contract with US Vaccine Manufacturer Air Products secured a significant contract to provide liquid nitrogen to a US-based vaccine manufacturer, supporting the company’s expanded production and cold chain logistics.
    • Q2 2024: Linde Appoints New Head of Cryogenics Division Amid Market Expansion Linde announced the appointment of a new executive to lead its cryogenics division, reflecting the company’s focus on growth in the liquid nitrogen and industrial gases market.
    • Q3 2024: Gulf Cryo Opens New Liquid Nitrogen Filling Station in Saudi Arabia Gulf Cryo inaugurated a new liquid nitrogen filling station in Dammam, Saudi Arabia, to meet rising demand from the region’s healthcare and food processing industries.
    • Q1 2025: Air Products Launches Next-Generation Liquid Nitrogen Dewar for Laboratory Use Air Products introduced a new, more efficient liquid nitrogen dewar designed for laboratory and medical applications, featuring improved insulation and safety features.
    • Q4 2024: Linde Signs Strategic Partnership with European Food Processor for Liquid Nitrogen Supply Linde entered a strategic partnership to supply liquid nitrogen to a major European food processing company, supporting the expansion of its frozen food production lines.
    • Q2 2025: Air Liquide Acquires CryoTech Solutions to Expand Liquid Nitrogen Service Portfolio Air Liquide completed the acquisition of CryoTech Solutions, a provider of cryogenic storage and transport solutions, strengthening its position in the European liquid nitrogen market.
    • Q1 2024: Linde Secures Liquid Nitrogen Supply Contract with Leading US Biobank Linde signed a multi-year agreement to supply liquid nitrogen to a major US biobank, supporting the storage of biological samples and clinical research materials.

    Future Outlook

    Liquid Nitrogen Market Future Outlook

    The Liquid Nitrogen Market is projected to grow at a 4.36% CAGR from 2024 to 2035, driven by increasing demand in food preservation, healthcare, and industrial applications.

    New opportunities lie in:

    • Expansion of cryogenic storage facilities for pharmaceuticals
    • Development of mobile liquid nitrogen delivery services
    • Integration of liquid nitrogen in advanced manufacturing processes

    By 2035, the Liquid Nitrogen Market is expected to achieve robust growth, driven by diverse applications and innovative solutions.

    Market Segmentation

    Liquid Nitrogen Market Storage Outlook

    • Cryogenic Cylinders & Packaged Gas
    • Tonnage

    Liquid Nitrogen Market Technology Outlook

    • Cryogenic Distillation
    • Pressure Swing Adsorption

    Liquid Nitrogen Market End-Use Industry Outlook

    • Chemical
    • Healthcare
    • Food & Beverages
    • Foundry

    Report Scope

    MARKET SIZE 202416.32(USD Billion)
    MARKET SIZE 202517.03(USD Billion)
    MARKET SIZE 203526.1(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR)4.36% (2024 - 2035)
    REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR2024
    Market Forecast Period2025 - 2035
    Historical Data2019 - 2024
    Market Forecast UnitsUSD Billion
    Key Companies ProfiledMarket analysis in progress
    Segments CoveredMarket segmentation analysis in progress
    Key Market OpportunitiesGrowing demand for cryogenic applications in food preservation and medical sectors enhances Liquid Nitrogen Market opportunities.
    Key Market DynamicsRising demand for liquid nitrogen in food preservation and industrial applications drives market growth and competitive dynamics.
    Countries CoveredNorth America, Europe, APAC, South America, MEA

    Market Highlights

    Author
    Chitranshi Jaiswal
    Research Analyst Level I

    In her 3 years of experience in the market research field, she has handled critical cross-domain projects. She has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.She holds an engineering degree and is an MBA professional from a well-known university, capable of evaluating the market and competitive conditions. An exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. Proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. Generated business through active client and project development, networking, and high-quality responses. Her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.

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    FAQs

    What is the expected market size of the Liquid Nitrogen Market in 2024?

    The Liquid Nitrogen Market is expected to be valued at 16.32 USD Billion in 2024.

    What will the market size reach by 2035 for the Liquid Nitrogen Market?

    By 2035, the Liquid Nitrogen Market is projected to reach a value of 26.1 USD Billion.

    What is the forecasted CAGR for the Liquid Nitrogen Market from 2025 to 2035?

    The expected CAGR for the Liquid Nitrogen Market from 2025 to 2035 is 4.36%.

    Which region holds the largest market share in the Liquid Nitrogen Market for 2024?

    In 2024, North America holds the largest market share, valued at 5.1 USD Billion.

    What is the market size for liquid nitrogen in the Asia Pacific region in 2024?

    The Asia Pacific region is valued at 5.8 USD Billion in the Liquid Nitrogen Market for 2024.

    Who are the key players in the Liquid Nitrogen Market?

    Major players in the Liquid Nitrogen Market include Linde Gas, Air Products and Chemicals, and Air Liquide.

    What is the expected market value for Cryogenic Cylinders & Packaged Gas in 2024?

    The market for Cryogenic Cylinders & Packaged Gas is expected to be valued at 7.8 USD Billion in 2024.

    What is the anticipated market size for Tonnage storage in 2035?

    The Tonnage storage segment is projected to reach 13.9 USD Billion by 2035.

    What growth opportunities exist in the Liquid Nitrogen Market?

    The market presents growth opportunities driven by increasing demand across various applications in industries.

    What is the projected market size for the Middle East and Africa region by 2035?

    By 2035, the market size for the Middle East and Africa region is expected to reach 1.0 USD Billion.

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