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Liquid Nitrogen Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global liquid nitrogen market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Liquid nitrogen (LN) is a dry, condensed, scentless, inert and non-combustible cryogenic liquid used for rapid freezing. It is produced in air separation and liquefaction plants through cryogenic distillation and pressure swing adsorption processes and is usually stored in LN dewars, cryogenic liquid cylinders and cryogenic tanks. LN aids in rapid cooling and temporary shrinking of mechanical gears and components during machine assembly for improved intrusion fits. It is also used for cryosurgeries, cryotherapies and cryopreservation procedures to remove decayed tissues, warts, moles, skin tags and pre-cancerous cells in the body. LN also finds extensive applications for the freezing of food and beverages and creating an aesthetic cloud of vapor or fog over dishes in fine-dine restaurants, cafes and hotels.

Liquid Nitrogen Market Trends:

The increasing demand for cryogenic liquids for metal fabrication and manufacturing of electronics, healthcare, automotive and lighting systems is one of the key factors driving the market growth. LN is widely used as a coolant to prevent additional heat generation during the grinding process resulting in minimal corrosion and high-quality and uniformly sized ice particles. Moreover, the widespread adoption of LN as an organic additive for the development of generics, therapeutic medicines and active pharmaceutical ingredients is providing a thrust to the market growth. In line with this, significant growth in the food and beverage industry is also favoring the market growth. LN is widely used for rapid cooling freezing of bakery products, meat, poultry, fish, prepared meals, vegetables and fruits while retaining their original color, scent and flavor. Other factors, including rapid industrialization, along with the launch of innovative LN-compatible automobile engines for minimal carbon emissions, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global liquid nitrogen market report, along with forecasts at the global, regional and country-level from 2021-2026. Our report has categorized the market based on technology, function, storage type and end-user.

Breakup by Technology:

  • Cryogenic Distillation
  • Pressure Swing Adsorption
  • Others
     

Breakup by Function:

  • Coolant
  • Refrigerant
     

Breakup by Storage Type:

  • Cylinders and Packaged Gas
  • Merchant Liquid/Bulk
  • Tonnage
  • Others
     

Breakup by End User:

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

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Air Liquide S.A., Air Products and Chemicals Inc., AMCS Corporation, Asia Industrial Gases Pte. Ltd., Cryomech Inc., Gulf Cryo, Linde plc, Messer Group GmbH, Statebourne Cryogenics Ltd and Taiyo Nippon Sanso Corporation (Mitsubishi Chemical Holdings Corporation).

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
    Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Technology, Function, Storage Type, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Air Liquide S.A., Air Products and Chemicals Inc., AMCS Corporation, Asia Industrial Gases Pte. Ltd., Cryomech Inc., Gulf Cryo, Linde plc, Messer Group GmbH, Statebourne Cryogenics Ltd and Taiyo Nippon Sanso Corporation (Mitsubishi Chemical Holdings Corporation).
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
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 global liquid nitrogen market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global liquid nitrogen market?
  • What are the key regional markets?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the function?
  • What is the breakup of the market based on the storage type?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global liquid nitrogen market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Liquid Nitrogen Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Technology
    6.1    Cryogenic Distillation
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Pressure Swing Adsorption
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Others
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Function
    7.1    Coolant
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Refrigerant
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Storage Type
    8.1    Cylinders and Packaged Gas
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Merchant Liquid/Bulk
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Tonnage
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by End User
    9.1    Chemicals and Pharmaceuticals
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Food and Beverage
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Healthcare
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Metal Manufacturing and Construction
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Rubber and Plastic
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6    Others
        9.6.1 Market Trends
        9.6.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Air Liquide S.A.
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 Financials
           15.3.1.4 SWOT Analysis
        15.3.2    Air Products and Chemicals Inc.
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials
           15.3.2.4 SWOT Analysis
        15.3.3    AMCS Corporation
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
        15.3.4    Asia Industrial Gases Pte. Ltd.
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
        15.3.5    Cryomech Inc.
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
        15.3.6    Gulf Cryo
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
        15.3.7    Linde plc
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
        15.3.8    Messer Group GmbH
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
        15.3.9    Statebourne Cryogenics Ltd
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
        15.3.10    Taiyo Nippon Sanso Corporation (Mitsubishi Chemical Holdings Corporation)
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio

List of Figures

Figure 1: Global: Liquid Nitrogen Market: Major Drivers and Challenges
Figure 2: Global: Liquid Nitrogen Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Liquid Nitrogen Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Liquid Nitrogen Market: Breakup by Technology (in %), 2020
Figure 5: Global: Liquid Nitrogen Market: Breakup by Function (in %), 2020
Figure 6: Global: Liquid Nitrogen Market: Breakup by Storage Type (in %), 2020
Figure 7: Global: Liquid Nitrogen Market: Breakup by End User (in %), 2020
Figure 8: Global: Liquid Nitrogen Market: Breakup by Region (in %), 2020
Figure 9: Global: Liquid Nitrogen (Cryogenic Distillation) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Liquid Nitrogen (Cryogenic Distillation) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Liquid Nitrogen (Pressure Swing Adsorption) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Liquid Nitrogen (Pressure Swing Adsorption) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Liquid Nitrogen (Other Technologies) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Liquid Nitrogen (Other Technologies) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Liquid Nitrogen (Coolant) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Liquid Nitrogen (Coolant) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Liquid Nitrogen (Refrigerant) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Liquid Nitrogen (Refrigerant) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Liquid Nitrogen (Cylinders and Packaged Gas) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Liquid Nitrogen (Cylinders and Packaged Gas) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Liquid Nitrogen (Merchant Liquid/Bulk) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Liquid Nitrogen (Merchant Liquid/Bulk) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Liquid Nitrogen (Tonnage) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Liquid Nitrogen (Tonnage) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Liquid Nitrogen (Other Storage Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Liquid Nitrogen (Other Storage Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Liquid Nitrogen (Chemicals and Pharmaceuticals) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Liquid Nitrogen (Chemicals and Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Liquid Nitrogen (Food and Beverage) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Liquid Nitrogen (Food and Beverage) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Global: Liquid Nitrogen (Healthcare) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Global: Liquid Nitrogen (Healthcare) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Global: Liquid Nitrogen (Metal Manufacturing and Construction) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Global: Liquid Nitrogen (Metal Manufacturing and Construction) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Global: Liquid Nitrogen (Rubber and Plastic) Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Global: Liquid Nitrogen (Rubber and Plastic) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Global: Liquid Nitrogen (Other End Users) Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Global: Liquid Nitrogen (Other End Users) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: North America: Liquid Nitrogen Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: North America: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: United States: Liquid Nitrogen Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: United States: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Canada: Liquid Nitrogen Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Canada: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Asia-Pacific: Liquid Nitrogen Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Asia-Pacific: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: China: Liquid Nitrogen Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: China: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Japan: Liquid Nitrogen Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Japan: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: India: Liquid Nitrogen Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: India: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: South Korea: Liquid Nitrogen Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: South Korea: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Australia: Liquid Nitrogen Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Australia: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Indonesia: Liquid Nitrogen Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Indonesia: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: Others: Liquid Nitrogen Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: Others: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Europe: Liquid Nitrogen Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Europe: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Germany: Liquid Nitrogen Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Germany: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: France: Liquid Nitrogen Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: France: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: United Kingdom: Liquid Nitrogen Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: United Kingdom: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Italy: Liquid Nitrogen Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Italy: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Spain: Liquid Nitrogen Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Spain: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Russia: Liquid Nitrogen Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Russia: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Others: Liquid Nitrogen Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Others: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Latin America: Liquid Nitrogen Market: Sales Value (in Million US$), 2015 & 2020
Figure 78: Latin America: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: Brazil: Liquid Nitrogen Market: Sales Value (in Million US$), 2015 & 2020
Figure 80: Brazil: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 81: Mexico: Liquid Nitrogen Market: Sales Value (in Million US$), 2015 & 2020
Figure 82: Mexico: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 83: Others: Liquid Nitrogen Market: Sales Value (in Million US$), 2015 & 2020
Figure 84: Others: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 85: Middle East and Africa: Liquid Nitrogen Market: Sales Value (in Million US$), 2015 & 2020
Figure 86: Middle East and Africa: Liquid Nitrogen Market: Breakup by Country (in %), 2020
Figure 87: Middle East and Africa: Liquid Nitrogen Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 88: Global: Liquid Nitrogen Industry: SWOT Analysis
Figure 89: Global: Liquid Nitrogen Industry: Value Chain Analysis
Figure 90: Global: Liquid Nitrogen Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Liquid Nitrogen Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Liquid Nitrogen Market Forecast: Breakup by Technology (in Million US$), 2021-2026
Table 3: Global: Liquid Nitrogen Market Forecast: Breakup by Function (in Million US$), 2021-2026
Table 4: Global: Liquid Nitrogen Market Forecast: Breakup by Storage Type (in Million US$), 2021-2026
Table 5: Global: Liquid Nitrogen Market Forecast: Breakup by End User (in Million US$), 2021-2026
Table 6: Global: Liquid Nitrogen Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: Global: Liquid Nitrogen Market: Competitive Structure
Table 8: Global: Liquid Nitrogen Market: Key Players

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