Liquid Nitrogen Market Outlook:
Liquid Nitrogen Market size was valued at USD 18.73 billion in 2025 and is set to exceed USD 30.8 billion by 2035, registering over 5.1% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of liquid nitrogen is estimated at USD 19.59 billion.
The market is expanding as a result of the growing concern about food safety, which has also given rise to cryogenic freezing in the food and beverage sector. The procedure takes less time, has no impact on the caliber and flavor of the food, and most of the packaging is environmentally friendly. The largest player in the frozen food industry is Nestlé USA, which produces goods for practically all product categories. For instance, Nestlé USA's sales in the frozen pizza category totaled 2.3 billion dollars in 2021.
Precancers, skin malignancies, and benign growths can all be frozen and prevented from spreading using liquid nitrogen in dermatology. Such benign growths and malignancies can be treated by simply applying liquid nitrogen with a cotton pad or spraying it on the affected area. According to a recent report, every day, more than 9,500 Americans receive a skin cancer diagnosis. Every hour, more than two people pass away from the illness.
Key Liquid Nitrogen Market Insights Summary:
Regional Highlights:
- The Asia Pacific liquid nitrogen market will hold around 37% share, projected to grow by 2035, driven by booming chemical/pharma sectors and demand for electronics.
- The North America market will secure 28% share, anticipated to rise by 2035, attributed to rising R&D and healthcare applications using liquid nitrogen.
Segment Insights:
- The cryogenic distillation segment in the liquid nitrogen market is projected to achieve a 53% share by 2035, driven by the growing use in semiconductor manufacturing.
- The chemical & pharmaceutical segment in the liquid nitrogen market is forecasted to achieve a remarkable share by 2035, fueled by the rising demand for inert gases in drug manufacturing processes.
Key Growth Trends:
- Increasing Demand for Liquid Nitrogen in Industrial Gas and Electronic Product Applications
- Growing Infrastructural Activities
Major Challenges:
- Severe Effects of Liquid Nitrogen
- High Cost Associated with the Production of Liquid Nitrogen
Key Players: Cryomech Inc, Air Liquide, Linde Group Messer Group, Nexair LLC, Fujitsu, Taiyo Nippon Sanso Corporation, Mitsubishi Heavy Industries, Nikkiso Co. Ltd, Tokyo Gas Chemicals Co. Ltd.
Global Liquid Nitrogen Market Forecast and Regional Outlook:
Market Size & Growth Projections:
- 2025 Market Size: USD 18.73 billion
- 2026 Market Size: USD 19.59 billion
- Projected Market Size: USD 30.8 billion by 2035
- Growth Forecasts: 5.1% CAGR (2026-2035)
Key Regional Dynamics:
- Largest Region: Asia Pacific (37% Share by 2035)
- Fastest Growing Region: Asia Pacific
- Dominating Countries: United States, China, Germany, Japan, United Kingdom
- Emerging Countries: China, India, Japan, South Korea, Taiwan
Last updated on : 9 September, 2025
Liquid Nitrogen Market Growth Drivers and Challenges:
Growth Drivers
- Increasing Demand for Liquid Nitrogen in Industrial Gas and Electronic Product Applications – Increasing demand for liquid nitrogen is estimated to fuel the liquid nitrogen market over the forecast period in applications for industrial gases and electronic devices. According to a study, industrial gases are an essential component for any production industry, including the food, electronics, construction, and chemical industries. As per a report, the biggest industrial gas businesses in the world are Taiyo Nippon Sanso, Air Products, Linde, and Air Liquide. These four firms collectively control more than 80% of the industrial gas sector. In the electronics sector, it is also employed as a semiconductor. These factors are driving the market growth.
- Growing Infrastructural Activities – Around the world, liquid nitrogen is frequently employed in construction projects. Pharmaceutical, food processing, chemical, and manufacturing industries are a few of them. In addition, as infrastructure projects increase globally, liquid nitrogen is in great demand for a variety of engineering and construction projects.
- Growing Application in Automotive Sector – Liquid nitrogen can be utilized as a coolant for vehicles in the age of automotive emissions and air pollution. As a result, growing automotive production will fuel liquid nitrogen market expansion. For instance, around 68.21% of all motor vehicle sales worldwide were passenger automobiles, which accounted for the greatest percentage of sales.
Challenges
- Severe Effects of Liquid Nitrogen – If not utilized properly, at the proper temperature, and in the proper quantity, liquid nitrogen can be detrimental to the body. If cryogenic liquid gas comes into direct contact with the body, it can result in cold burns. Therefore, it is anticipated that its negative effects on human health will impede market expansion.
- High Cost Associated with the Production of Liquid Nitrogen
- Liquid nitrogen storage tank regulations
Liquid Nitrogen Market Size and Forecast:
| Report Attribute | Details |
|---|---|
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Base Year |
2025 |
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Forecast Period |
2026-2035 |
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CAGR |
5.1% |
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Base Year Market Size (2025) |
USD 18.73 billion |
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Forecast Year Market Size (2035) |
USD 30.8 billion |
|
Regional Scope |
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Liquid Nitrogen Market Segmentation:
Technology
The cryogenic distillation segment in the liquid nitrogen market is expected to hold a significant share of 53% during the forecast period, accredited to the growing use of cryogenic distillation technology in the production of automotive semiconductors and other semiconductor devices. Additionally, this technique enables the cost-effective production of industrial gases including nitrogen, argon, and oxygen. Moreover, it is frequently used to produce liquified industrial gases because of its low initial investment and minimum utility demand. For instance, in 2020 over 74 thousand people were employed by an industrial gas company, Linde. Also, the company made over 27 billion dollars in revenue. Also, cryogenic distillation is used in the purification of gases such as argon, oxygen, carbon monoxide, and light hydrocarbons. These factors are escalating the growth of the segment.
End-User
Chemical & pharmaceutica segment in Liquid nitrogen market is expected to account for remarkable revenue share by the end of 2035. Liquid nitrogen is the nitrogen element in the liquid form prepared with the help of fractional distillation of liquid air. It is odourless, colorless, inert, non-toxic, and inflammable. These properties of liquid nitrogen raise its demand in the chemical and pharmaceutical industry. When making medications, nitrogen is usually utilized to transport the reaction mixture from one container to another. It is essential to use safe, inert gas when delivering liquid or powdered drugs as doing so could be harmful. According to a report, the pharmaceutical industry has grown significantly over the last 20 years, and in 2022, global pharma revenues reached USD 1.48 trillion. Thus, the expansion of the pharmaceutical industry is also escalating the market growth.
Our in-depth analysis of the global liquid nitrogen market includes the following segments:
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Function |
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Technology |
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Vishnu Nair
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Liquid Nitrogen Market Regional Analysis:
APAC Market Insights
The liquid nitrogen market in Asia Pacific is expected to hold a share of 37% by the end of 2035, owing to the robust progress of chemical and pharmaceutical industries, especially in China, and India, and the increasing demand for electronic products. In addition, the presence of a large and diverse domestic drug industry is also predicted to boost the market growth. As per a report, in 2022, about 295 acquisitions of biotechnology or pharmaceutical companies involving Chinese parties were recorded. The majority of the products produced by Chinese companies are generics, therapeutic drugs, active pharmaceutical components, and traditional Chinese remedies. In China, generic medications make up more than 90% of all registered pharmaceuticals. These factors are expanding the market growth.
North American Market Insights
North America liquid nitrogen market is anticipated to hold a share of 28% during the forecast period, growing due to an increase in the number of manufacturers and suppliers, along with a rise in research and development activities. The demand for liquid nitrogen in the healthcare sector, specifically for preserving biological samples, is also contributing to the market growth. According to a survey, the US economy is anticipated to generate a revenue of USD 27.13 billion by 2027. The healthcare sector employs 14% of adult Americans. Additionally, liquid nitrogen is utilized for welding and cutting in the metal manufacturing and construction industries, due to increased reconstruction activities. These factors are accelerating the liquid nitrogen market growth.
Liquid Nitrogen Market Players:
- Cryomech Inc
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Air Liquide
- Linde Group
- Messer Group
- Nexair LLC
Recent Developments
- July 2023 - Air Liquide and KBR collaborated to provide low-carbon ammonia solutions using ATR technology. ATR is ideal for producing large-scale low-carbon hydrogen, which when combined with nitrogen, creates low-carbon ammonia. These solutions will aid the growth of a global low-carbon hydrogen market and enable easy transportation of hydrogen as ammonia.
- April 2022 - Linde announced the signing of another long-term contract for the supply of bulk industrial gases with a significant Florida space launch firm.
- Report ID: 3638
- Published Date: Sep 09, 2025
- Report Format: PDF, PPT
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