India Liquid Nitrogen Market Size, Share, Trends and Forecast by Technology, Function, Storage Type, End User, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A29755

Buy Now Discount
Offer

India Liquid Nitrogen Market Overview:

The India liquid nitrogen market size reached USD 666.80 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,025.59 Million by 2033, exhibiting a growth rate (CAGR) of 4.90% during 2025-2033. The expansion of industrial gas infrastructure and rising investments in cryogenic systems are enhancing liquid nitrogen production, storage, and distribution in India. These developments boost local production, reduce reliance on imports, and improve supply chain efficiency, benefiting industries like manufacturing, healthcare, and energy through increased accessibility and cost-effectiveness.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 666.80 Million
Market Forecast in 2033	USD 1,025.59 Million
Market Growth Rate (2025-2033)	4.90%

India Liquid Nitrogen Market Trends:

Expansion of Industrial Gas Infrastructure

Companies are making significant investments in sophisticated cryogenic facilities, pipelines, and storage systems, which are essential for maintaining a steady and effective supply of gases such as liquid nitrogen. These investments are crucial for boosting local production capability, which subsequently increases availability and lessens reliance on imported gases. Furthermore, sectors like manufacturing, food production, pharmaceuticals, and healthcare are gaining better access to liquid nitrogen at more competitive rates, positioning it as a favored choice for numerous applications. The increasing capacity for domestic production is enhancing cost-effectiveness, enabling industries to incorporate liquid nitrogen into their operations with greater financial feasibility. Moreover, strategic alliances between industrial gas providers and end-user sectors are strengthening the supply chain, guaranteeing that liquid nitrogen is accessible at the most critical times and locations. A prime illustration of this trend is the opening of a new ₹145 crore gas production facility by Sol India Pvt Ltd in 2023at SIPCOT, Ranipet, which greatly enhanced production capacity from 80 to 200 tons per day, catering to the rising demand in both the industrial and healthcare markets.

Rising Investment in Cryogenic Infrastructure

The growing focus on developing cryogenic infrastructure to enhance production, storage, and distribution efficiencies is offering a favorable market outlook. Rising investments in the production of advanced cryogenic equipment are improving the accessibility and effectiveness of liquid nitrogen in various sectors. The local manufacturing of large-capacity storage tanks, transport containers, and related cryogenic systems is diminishing dependence on imports, decreasing expenses, and guaranteeing a consistent supply. This is especially vital for sectors like healthcare, energy, and manufacturing, where liquid nitrogen is essential for uses such as medical gas storage, green fuel creation, and industrial cooling. Furthermore, improvements in cryogenic insulation and energy-efficient storage technologies are enhancing the performance and safety of liquid nitrogen management systems. As India enhances its cryogenic infrastructure via extensive manufacturing and technological advancements, the liquid nitrogen market is witnessing growth, fueled by broadening industrial uses and improved supply chain efficiency. In line with this trend, in 2023, INOXCVA began construction of India's largest cryogenic equipment manufacturing facility in Savli, Gujarat, covering 30 acres. The facility, with an investment of ₹200 crore, aimed to enhance cryogenic storage solutions for liquid nitrogen, green fuels, medical gases, and industrial gases.

India Liquid Nitrogen Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional level for 2025-2033. Our report has categorized the market based on technology, function, storage type, and end user.

Technology Insights:

Cryogenic Distillation
Pressure Swing Adsorption
Others

The report has provided a detailed breakup and analysis of the market based on the technology. This includes cryogenic distillation, pressure swing adsorption, and others.

Function Insights:

Coolant
Refrigerant

A detailed breakup and analysis of the market based on the function have also been provided in the report. This includes coolant and refrigerant.

Storage Type Insights:

Cylinders and Packaged Gas
Merchant Liquid/Bulk
Tonnage
Others

The report has provided a detailed breakup and analysis of the market based on the storage type. This includes cylinders and packaged gas, merchant liquid/bulk, tonnage, and others.

End User Insights:

Chemicals and Pharmaceuticals
Food and Beverage
Healthcare
Metal Manufacturing and Construction
Rubber and Plastic
Others

A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes chemicals and pharmaceuticals, food and beverage, healthcare, metal manufacturing and construction, rubber and plastic, and others.

Regional Insights:

North India
South India
East India
West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Liquid Nitrogen Market News:

In July 2024, Air Liquide India opened a Rs 350 crore manufacturing facility in Mathura, Uttar Pradesh, producing medical-grade oxygen, liquid nitrogen, and other gases. The plant supplied hospitals and industries across Delhi, Western Uttar Pradesh, Rajasthan, and Madhya Pradesh. By 2030, it aimed to run entirely on renewable energy.
In April 2024, INOX India Ltd received a patent for a novel technique to suspend inner vessels in Dewar-type containers designed for the storage of cryogenic fluids like liquid nitrogen, oxygen, and argon. This new design enhanced the stability, safety, and efficiency of these containers. The patent was expected to benefit industries such as healthcare, food processing, and manufacturing.

India Liquid Nitrogen Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Technology Function Storage Type End User Region
Technologies Covered	Cryogenic Distillation, Pressure Swing Adsorption, Others
Functions Covered	Coolant, Refrigerant
Storage Types Covered	Cylinders and Packaged Gas, Merchant Liquid/Bulk, Tonnage, Others
End Users Covered	Chemicals and Pharmaceuticals, Food and Beverage, Healthcare, Metal Manufacturing and Construction, Rubber and Plastic, Others
Regions Covered	North India, South India, East India, West India
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the India liquid nitrogen market performed so far and how will it perform in the coming years?
What is the breakup of the India liquid nitrogen market on the basis of technology?
What is the breakup of the India liquid nitrogen market on the basis of function?
What is the breakup of the India liquid nitrogen market on the basis of storage type?
What is the breakup of the India liquid nitrogen market on the basis of end user?
What is the breakup of the India liquid nitrogen market on the basis of region?
What are the various stages in the value chain of the India liquid nitrogen market?
What are the key driving factors and challenges in the India liquid nitrogen market?
What is the structure of the India liquid nitrogen market and who are the key players?
What is the degree of competition in the India liquid nitrogen market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India liquid nitrogen market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India liquid nitrogen market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India liquid nitrogen industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Purchase Options Discount
Offer

Inquire Before Buying

Speak to an Analyst

Request Brochure

Request Customization

Benefits of Customization

Personalize this research
Triangulate with your data
Get data as per your format and definition
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

IMARC did an outstanding job in preparing our study. They were punctual and precise, delivering all the data we required in a clear and well-organized format. Their attention to detail and ability to meet deadlines was impressive, making them a reliable partner for our project.

I wanted to express my sincere appreciation for your efforts in handling this matter. Your dedication and commitment have truly been commendable. It is evident that you have put in a tremendous amount of hard work and expertise into resolving the issues at hand. I would also like to take this opportunity to inform you that we are greatly interested

Overall, the deliverable was well organized and my experience with the project team was good. In particular, I appreciated how they responded when I requested additional information and the Japanese version.

The IMARC team were extremely professional and very cooperative. The team were also extremely flexible in making changes and modifications wherever required. The entire experience right from project kick-off to after sales support was fruitful and smooth.

I’d like to express my gratitude for the work you accomplished with the industry report. The way you responded to the requirements and delivered under tight timelines shows your expertise, exceptional work ethic and commitment to your customer’s success. The entire team and company are incredibly thankful for your dedication. Once again, thank you

The market reports from IMARC have been instrumental in guiding our business strategies. We found the reports comprehensive and data-driven, which helped us make informed decisions. The detailed insights and actionable data have consistently provided us with a competitive edge in a rapidly changing alcohol market.

One of the best things about IMARC is their flexibility and predisposition to tailor the reports and adapt to our needs. They are not just great in their researching and consulting solutions, but their service is unparallelled. We’ve worked with them a couple of times and we will keep working with them in future projects.

We recently commissioned multiple market research reports from IMARC, and the insights we received were invaluable. The depth of analysis, accuracy of data, and actionable recommendations have greatly enhanced our strategic decision-making.

The market estimates provided by your team were pretty much in line with what we were theorizing internally. Really appreciate the work on this.

The sale account manager and the service was excellent. The data and market trends gathered from the report was insightful and really assisted while planning future product and growth strategies.

The report is excellent and has good amount of data and our team is extremely happy with the information provided.

Thank you very much for your cooperation and post purchase support. We were really happy with the final deliverable, and the takeaways from the report.

India Liquid Nitrogen Market