Liquid Nitrogen Market Size, Share, and Trends by 2031
The liquid nitrogen market size is projected to reach US$ 28.87 billion by 2031 from US$ 18.83 billion in 2023; the market is expected to register a CAGR of 5.5% during 2023–2031. The development of sustainable and lab-friendly liquid nitrogen is likely to bring new trends into the market.
Liquid Nitrogen Market Analysis
Liquid nitrogen is extensively used in various pharmaceutical applications. It acts as an organic additive for the development of generics, therapeutic medicines, and an active pharmaceutical ingredient. Nitrogen is used in its pure form or mixtures for a wide range of quality control applications, medical and nonmedical analysis, as well as to preserve living tissues and cells at cryogenic temperatures. Also, it is used to store cells at low temperatures for lab work, promession (a way to dispose of human remains through freeze drying), and cryonic preservation. Liquid nitrogen acts as a coolant, becoming a commonly used anesthetic for minor surgical procedures. Thus, the widespread application of liquid nitrogen in the pharmaceutical industry is fueling the market growth.
Liquid Nitrogen Market Overview
Liquid nitrogen is a cryogenic liquid, inert, noncorrosive, colorless, odorless, nonflammable, and extremely cold. Although used more commonly in the gaseous state, nitrogen is stored and transported as a liquid, making it a more cost-effective way of providing product supply. Liquid nitrogen is widely used in a multitude of commercial and technical applications. It finds application in food freezing, plastic and rubber deflashing and grinding, cooling, metal treating, biological sample preservation, pulverization, and other temperature-related applications.
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Liquid Nitrogen Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Liquid Nitrogen Market: Strategic Insights
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Liquid Nitrogen Market Drivers and Opportunities
Rising Demand for Liquid Nitrogen in Food & Beverages Industry
The growing food & beverages industry across various economies boosts the demand for liquid nitrogen. In the food & beverages sector, liquid nitrogen is majorly used to chill, freeze, cool, and preserve products. It is utilized in freezing baked goods, meat, poultry, fish, prepared foods, fruits, and vegetables while retaining their original color, scent, and flavor. Preservation involves cooling the food product or freezing it with the help of liquid nitrogen, thereby improving the product's shelf-life. It is also used for storage and transportation of perishable food products. Unlike traditional mechanical freezers, liquid nitrogen has minimal adverse environmental effects and requires limited initial equipment investment.
Moreover, the adoption of cryogenic freezing in the food & beverages industry is increasing due to growing concerns over the safety of food products. Cryogenic freezing does not affect the final product's quality and is more environmentally friendly and time efficient. Cryogenic freezing systems use liquid nitrogen as the refrigerant. Thus, the preference for liquid nitrogen among various food and beverage manufacturers is increasing owing to the rising adoption of cryogenic freezing.
Growing Number of Applications in the Chemical Industry
In the chemical industry, liquid nitrogen is often used in manufacturing, processing, handling, storage, and transportation. It is employed as a cryopreservation agent and serves as the raw material for cloning processes. Liquid nitrogen is used as a pressurizing gas, propelling liquids through pipelines. Also, it is used to shield oxygen-sensitive materials from the air as well as to remove volatile organic chemicals from process streams. In chemical analysis, liquid nitrogen is commonly used during sample preparation. It is used for maintaining concentration and reduction of the volume of liquid samples. Liquid nitrogen helps produce fertilizers, dyes, nitric acid, and explosives.
Further, specialty chemicals manufacturing companies are expanding their capacities to cater to surging demand from domestic and international markets. The chemical sector in Japan, India, European countries, and the US is significantly increasing. According to the India Brand Equity Foundation (IBEF), India became the sixth-largest producer of chemicals worldwide and ranked third in Asia; the chemical industry contributed 7% to the country's GDP in 2023. Thus, the growing liquid nitrogen usage in chemical applications across various economies is expected to create lucrative opportunities for the liquid nitrogen market growth during the forecast period.
Liquid Nitrogen Market Report Segmentation Analysis
Key segments that contributed to the derivation of the liquid nitrogen market analysis are the manufacturing method and end-use industry.
- Based on the manufacturing method, the liquid nitrogen market is divided into cryogenic distillation and pressure swing adsorption. The cryogenic distillation segment held a larger market share in 2023.
- By end-use industry, the market is segmented into aerospace & defense, automotive, chemical, food & beverages, metal fabrication, pharmaceutical, electronics & semiconductors, and others. The metal fabrication segment dominated the market in 2023.
Liquid Nitrogen Market Share Analysis by Geography
The geographic scope of the liquid nitrogen market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
Asia Pacific held the largest market share in 2023 and is expected to register the highest CAGR during the forecast period. North America held the second-largest liquid nitrogen market share in 2023. In terms of revenue, China held the largest share of the market in Asia Pacific in 2023. China is witnessing significant growth in the food & beverages industry owing to increased disposable income and a growing population. According to the US Department of Agriculture, in 2023, food production in China grew by 2.9%, which is 1.9% higher than the average industrial production growth rate. The country is also witnessing increased demand for processed food and packaged food products due to increased focus on convenience among consumers. Liquid nitrogen plays a crucial role in reducing food soilage, discoloration of food products, and giving strength to retail food packaging. Thus, the growing food & beverages industry fuels the demand for liquid nitrogen in China.
Liquid Nitrogen Market Report Scope
Liquid Nitrogen Market News and Recent Developments
The liquid nitrogen market is evaluated by gathering qualitative and quantitative data post post-primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the liquid nitrogen market are listed below:
- Linde announced the signing of a long-term agreement with H2 Green Steel for the supply of industrial gases to the world's first large-scale green steel production plant. (Linde PLC, Company website, May 2024)
- Safran announced that it entered into exclusive negotiations with Air Liquide to acquire the aeronautical oxygen and nitrogen activities of Air Liquide advanced Technologies, with the exception of the cryogenic activities related to naval applications. (Safran Group, Company Website, June 2023)
Liquid Nitrogen Market Report Coverage and Deliverables
The "Liquid Nitrogen Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Liquid nitrogen market size and forecast for all the key market segments covered under the scope
- Liquid nitrogen market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed Porter's Five Forces and SWOT analysis
- Liquid nitrogen market analysis covering key market trends, country framework, major players, regulations, and recent market developments.
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the liquid nitrogen market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The increasing use of liquid nitrogen in the pharmaceutical industry and the rising demand for liquid nitrogen in the food & beverages industry are driving the market.
A few of the key players in the liquid nitrogen market include Linde Plc, L'Air Liquide SA, Air Products and Chemicals Inc, SOL SpA, Praxair Technology Inc, Nippon Sanso Holdings Corp, Ube Corporation, AIR WATER INC, Gulf Cryo LLC, Osaka Gas Co Ltd, Tokyo Gas Chemicals Co Ltd, Messer SE & Co KGaA, nexAir LLC, ADNOC Gas, and Matheson Tri-Gas Inc.
The market is expected to register a CAGR of 5.5% during 2023–2031.
The cryogenic distillation segment held the largest share of the global liquid nitrogen market in 2023. The principle of the cryogenic distillation method is based on a cryogenic distillation of liquefied air. The cryogenic distillation method is considered efficient and it is instrumental in generating high-purity nitrogen.
In 2023, Asia Pacific held the largest share of the global liquid nitrogen market. Asia Pacific is experiencing substantial growth in the metal fabrication industry. According to the World Steel Association AISBL, the region produced 1,367.2 metric tons of steel as of 2023. This growing steel production in the region boosts the demand for liquid nitrogen.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Liquid Nitrogen Market Landscape
4.1 Overview
4.2 Porters Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturers
4.3.3 Distributors/Suppliers
4.3.4 End Use
4.3.5 List of Vendors in the Value Chain
5. Liquid Nitrogen Market – Key Market Dynamics
5.1 Liquid Nitrogen Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Increasing Use of Liquid Nitrogen in Pharmaceutical Industry
5.2.2 Rising Demand for Liquid Nitrogen in Food & Beverages Industry
5.3 Market Restraints
5.3.1 Stringent Regulatory Framework
5.4 Market Opportunities
5.4.1 Growing Number of Applications in Chemical Industry
5.5 Future Trends
5.5.1 Development of Sustainable and Lab-Friendly Liquid Nitrogen
5.6 Impact of Drivers and Restraints:
6. Liquid Nitrogen Market – Global Market Analysis
6.1 Liquid Nitrogen Market Volume (Kilo Tons), 2021–2031
6.2 Liquid Nitrogen Market Volume Forecast and Analysis (Kilo Tons)
6.3 Liquid Nitrogen Market Revenue (US$ Million), 2023–2031
6.4 Liquid Nitrogen Market Forecast and Analysis
7. Liquid Nitrogen Market Revenue Analysis – by Manufacturing Method
7.1 Cryogenic Distillation
7.1.1 Overview
7.1.2 Cryogenic Distillation: Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Pressure Swing Adsorption
7.2.1 Overview
7.2.2 Pressure Swing Adsorption: Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
8. Liquid Nitrogen Market Volume and Revenue Analysis – by End-use Industry
8.1 Aerospace and Defense
8.1.1 Overview
8.1.2 Aerospace and Defense: Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons)
8.1.3 Aerospace and Defense: Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Automotive
8.2.1 Overview
8.2.2 Automotive: Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons)
8.2.3 Automotive: Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Chemical
8.3.1 Overview
8.3.2 Chemical: Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons)
8.3.3 Chemical: Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
8.4 Food and Beverage
8.4.1 Overview
8.4.2 Food and Beverage: Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons)
8.4.3 Food and Beverage: Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
8.5 Metal Fabrication
8.5.1 Overview
8.5.2 Metal Fabrication: Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons)
8.5.3 Metal Fabrication: Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
8.6 Pharmaceutical
8.6.1 Overview
8.6.2 Pharmaceutical: Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons)
8.6.3 Pharmaceutical: Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
8.7 Electronics and Semiconductors
8.7.1 Overview
8.7.2 Electronics and Semiconductors: Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons)
8.7.3 Electronics and Semiconductors: Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons)
8.8.3 Others: Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
9. Liquid Nitrogen Market – Geographical Analysis
9.1 Overview
9.2 North America
9.2.1 North America Liquid Nitrogen Market Overview
9.2.2 North America Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons)
9.2.3 North America Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
9.2.4 North America Liquid Nitrogen Market Breakdown by Manufacturing Method
9.2.4.1 North America Liquid Nitrogen Market Revenue and Forecast and Analysis – by Manufacturing Method
9.2.5 North America Liquid Nitrogen Market Breakdown by End-use Industry
9.2.5.1 North America Liquid Nitrogen Market Volume and Forecast and Analysis – by End-use Industry
9.2.5.2 North America Liquid Nitrogen Market Revenue and Forecast and Analysis – by End-use Industry
9.2.6 North America Liquid Nitrogen Market Revenue and Forecast and Analysis – by Country
9.2.6.1 North America Liquid Nitrogen Market Volume and Forecast and Analysis – by Country
9.2.6.2 North America Liquid Nitrogen Market Revenue and Forecast and Analysis – by Country
9.2.6.3 United States Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
9.2.6.3.1 United States Liquid Nitrogen Market Breakdown by Manufacturing Method
9.2.6.3.2 United States Liquid Nitrogen Market Breakdown by End-use Industry
9.2.6.4 Canada Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
9.2.6.4.1 Canada Liquid Nitrogen Market Breakdown by Manufacturing Method
9.2.6.4.2 Canada Liquid Nitrogen Market Breakdown by End-use Industry
9.2.6.5 Mexico Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
9.2.6.5.1 Mexico Liquid Nitrogen Market Breakdown by Manufacturing Method
9.2.6.5.2 Mexico Liquid Nitrogen Market Breakdown by End-use Industry
9.3 Europe
9.3.1 Europe Liquid Nitrogen Market Overview
9.3.2 Europe Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons)
9.3.3 Europe Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
9.3.4 Europe Liquid Nitrogen Market Breakdown by Manufacturing Method
9.3.4.1 Europe Liquid Nitrogen Market Revenue and Forecast and Analysis – by Manufacturing Method
9.3.5 Europe Liquid Nitrogen Market Breakdown by End-use Industry
9.3.5.1 Europe Liquid Nitrogen Market Volume and Forecast and Analysis – by End-use Industry
9.3.5.2 Europe Liquid Nitrogen Market Revenue and Forecast and Analysis – by End-use Industry
9.3.6 Europe Liquid Nitrogen Market Revenue and Forecast and Analysis – by Country
9.3.6.1 Europe Liquid Nitrogen Market Volume and Forecast and Analysis – by Country
9.3.6.2 Europe Liquid Nitrogen Market Revenue and Forecast and Analysis – by Country
9.3.6.3 Germany Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.3.1 Germany Liquid Nitrogen Market Breakdown by Manufacturing Method
9.3.6.3.2 Germany Liquid Nitrogen Market Breakdown by End-use Industry
9.3.6.4 France Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.4.1 France Liquid Nitrogen Market Breakdown by Manufacturing Method
9.3.6.4.2 France Liquid Nitrogen Market Breakdown by End-use Industry
9.3.6.5 Italy Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.5.1 Italy Liquid Nitrogen Market Breakdown by Manufacturing Method
9.3.6.5.2 Italy Liquid Nitrogen Market Breakdown by End-use Industry
9.3.6.6 United Kingdom Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.6.1 United Kingdom Liquid Nitrogen Market Breakdown by Manufacturing Method
9.3.6.6.2 United Kingdom Liquid Nitrogen Market Breakdown by End-use Industry
9.3.6.7 Russia Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.7.1 Russia Liquid Nitrogen Market Breakdown by Manufacturing Method
9.3.6.7.2 Russia Liquid Nitrogen Market Breakdown by End-use Industry
9.3.6.8 Rest of Europe Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.8.1 Rest of Europe Liquid Nitrogen Market Breakdown by Manufacturing Method
9.3.6.8.2 Rest of Europe Liquid Nitrogen Market Breakdown by End-use Industry
9.4 Asia Pacific
9.4.1 Asia Pacific Liquid Nitrogen Market Overview
9.4.2 Asia Pacific Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons)
9.4.3 Asia Pacific Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
9.4.4 Asia Pacific Liquid Nitrogen Market Breakdown by Manufacturing Method
9.4.4.1 Asia Pacific Liquid Nitrogen Market Revenue and Forecast and Analysis – by Manufacturing Method
9.4.5 Asia Pacific Liquid Nitrogen Market Breakdown by End-use Industry
9.4.5.1 Asia Pacific Liquid Nitrogen Market Volume and Forecast and Analysis – by End-use Industry
9.4.5.2 Asia Pacific Liquid Nitrogen Market Revenue and Forecast and Analysis – by End-use Industry
9.4.6 Asia Pacific Liquid Nitrogen Market Revenue and Forecast and Analysis – by Country
9.4.6.1 Asia Pacific Liquid Nitrogen Market Volume and Forecast and Analysis – by Country
9.4.6.2 Asia Pacific Liquid Nitrogen Market Revenue and Forecast and Analysis – by Country
9.4.6.3 Australia Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.3.1 Australia Liquid Nitrogen Market Breakdown by Manufacturing Method
9.4.6.3.2 Australia Liquid Nitrogen Market Breakdown by End-use Industry
9.4.6.4 China Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.4.1 China Liquid Nitrogen Market Breakdown by Manufacturing Method
9.4.6.4.2 China Liquid Nitrogen Market Breakdown by End-use Industry
9.4.6.5 India Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.5.1 India Liquid Nitrogen Market Breakdown by Manufacturing Method
9.4.6.5.2 India Liquid Nitrogen Market Breakdown by End-use Industry
9.4.6.6 Japan Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.6.1 Japan Liquid Nitrogen Market Breakdown by Manufacturing Method
9.4.6.6.2 Japan Liquid Nitrogen Market Breakdown by End-use Industry
9.4.6.7 South Korea Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.7.1 South Korea Liquid Nitrogen Market Breakdown by Manufacturing Method
9.4.6.7.2 South Korea Liquid Nitrogen Market Breakdown by End-use Industry
9.4.6.8 Rest of APAC Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.8.1 Rest of APAC Liquid Nitrogen Market Breakdown by Manufacturing Method
9.4.6.8.2 Rest of APAC Liquid Nitrogen Market Breakdown by End-use Industry
9.5 Middle East and Africa
9.5.1 Middle East and Africa Liquid Nitrogen Market Overview
9.5.2 Middle East and Africa Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons)
9.5.3 Middle East and Africa Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
9.5.4 Middle East and Africa Liquid Nitrogen Market Breakdown by Manufacturing Method
9.5.4.1 Middle East and Africa Liquid Nitrogen Market Revenue and Forecast and Analysis – by Manufacturing Method
9.5.5 Middle East and Africa Liquid Nitrogen Market Breakdown by End-use Industry
9.5.5.1 Middle East and Africa Liquid Nitrogen Market Volume and Forecast and Analysis – by End-use Industry
9.5.5.2 Middle East and Africa Liquid Nitrogen Market Revenue and Forecast and Analysis – by End-use Industry
9.5.6 Middle East and Africa Liquid Nitrogen Market Revenue and Forecast and Analysis – by Country
9.5.6.1 Middle East and Africa Liquid Nitrogen Market Volume and Forecast and Analysis – by Country
9.5.6.2 Middle East and Africa Liquid Nitrogen Market Revenue and Forecast and Analysis – by Country
9.5.6.3 South Africa Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
9.5.6.3.1 South Africa Liquid Nitrogen Market Breakdown by Manufacturing Method
9.5.6.3.2 South Africa Liquid Nitrogen Market Breakdown by End-use Industry
9.5.6.4 Saudi Arabia Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
9.5.6.4.1 Saudi Arabia Liquid Nitrogen Market Breakdown by Manufacturing Method
9.5.6.4.2 Saudi Arabia Liquid Nitrogen Market Breakdown by End-use Industry
9.5.6.5 United Arab Emirates Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
9.5.6.5.1 United Arab Emirates Liquid Nitrogen Market Breakdown by Manufacturing Method
9.5.6.5.2 United Arab Emirates Liquid Nitrogen Market Breakdown by End-use Industry
9.5.6.6 Rest of Middle East and Africa Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
9.5.6.6.1 Rest of Middle East and Africa Liquid Nitrogen Market Breakdown by Manufacturing Method
9.5.6.6.2 Rest of Middle East and Africa Liquid Nitrogen Market Breakdown by End-use Industry
9.6 South and Central America
9.6.1 South and Central America Liquid Nitrogen Market Overview
9.6.2 South and Central America Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons)
9.6.3 South and Central America Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
9.6.4 South and Central America Liquid Nitrogen Market Breakdown by Manufacturing Method
9.6.4.1 South and Central America Liquid Nitrogen Market Revenue and Forecast and Analysis – by Manufacturing Method
9.6.5 South and Central America Liquid Nitrogen Market Breakdown by End-use Industry
9.6.5.1 South and Central America Liquid Nitrogen Market Volume and Forecast and Analysis – by End-use Industry
9.6.5.2 South and Central America Liquid Nitrogen Market Revenue and Forecast and Analysis – by End-use Industry
9.6.6 South and Central America Liquid Nitrogen Market Revenue and Forecast and Analysis – by Country
9.6.6.1 South and Central America Liquid Nitrogen Market Volume and Forecast and Analysis – by Country
9.6.6.2 South and Central America Liquid Nitrogen Market Revenue and Forecast and Analysis – by Country
9.6.6.3 Brazil Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
9.6.6.3.1 Brazil Liquid Nitrogen Market Breakdown by Manufacturing Method
9.6.6.3.2 Brazil Liquid Nitrogen Market Breakdown by End-use Industry
9.6.6.4 Argentina Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
9.6.6.4.1 Argentina Liquid Nitrogen Market Breakdown by Manufacturing Method
9.6.6.4.2 Argentina Liquid Nitrogen Market Breakdown by End-use Industry
9.6.6.5 Rest of South and Central America Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
9.6.6.5.1 Rest of South and Central America Liquid Nitrogen Market Breakdown by Manufacturing Method
9.6.6.5.2 Rest of South and Central America Liquid Nitrogen Market Breakdown by End-use Industry
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration
11. Industry Landscape
11.1 Overview
11.2 Partnership
11.3 Acquisitions
11.4 Expansions And Other Strategic Developments
12. Company Profiles
12.1 Linde Plc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 L’Air Liquide SA
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Air Products and Chemicals Inc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 SOL SpA
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Praxair Technology Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Nippon Sanso Holdings Corp
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Ube Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 AIR WATER INC
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Gulf Cryo LLC
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Osaka Gas Co Ltd
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.11 Tokyo Gas Chemicals Co., Ltd
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
12.12 Messer SE & Co KGaA
12.12.1 Key Facts
12.12.2 Business Description
12.12.3 Products and Services
12.12.4 Financial Overview
12.12.5 SWOT Analysis
12.12.6 Key Developments
12.13 nexAir, LLC
12.13.1 Key Facts
12.13.2 Business Description
12.13.3 Products and Services
12.13.4 Financial Overview
12.13.5 SWOT Analysis
12.13.6 Key Developments
12.14 ADNOC Gas
12.14.1 Key Facts
12.14.2 Business Description
12.14.3 Products and Services
12.14.4 Financial Overview
12.14.5 SWOT Analysis
12.14.6 Key Developments
12.15 Matheson Tri-Gas, Inc
12.15.1 Key Facts
12.15.2 Business Description
12.15.3 Products and Services
12.15.4 Financial Overview
12.15.5 SWOT Analysis
12.15.6 Key Developments
13. Appendix
13.1 About The Insight Partners
List of Tables
Table 1. Liquid Nitrogen Market Segmentation
Table 2. List of Vendors
Table 3. Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons)
Table 4. Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Table 5. Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by Manufacturing Method
Table 6. Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons) – by End-use Industry
Table 7. Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by End-use Industry
Table 8. North America Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by Manufacturing Method
Table 9. North America Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons) – by End-use Industry
Table 10. North America Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by End-use Industry
Table 11. North America Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons) – by Country
Table 12. North America Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 13. United States Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by Manufacturing Method
Table 14. United States Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons) – by End-use Industry
Table 15. United States Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by End-use Industry
Table 16. Canada Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by Manufacturing Method
Table 17. Canada Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons) – by End-use Industry
Table 18. Canada Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by End-use Industry
Table 19. Mexico Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by Manufacturing Method
Table 20. Mexico Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons) – by End-use Industry
Table 21. Mexico Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by End-use Industry
Table 22. Europe Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by Manufacturing Method
Table 23. Europe Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons) – by End-use Industry
Table 24. Europe Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by End-use Industry
Table 25. Europe Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons) – by Country
Table 26. Europe Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 27. Germany Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by Manufacturing Method
Table 28. Germany Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons) – by End-use Industry
Table 29. Germany Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by End-use Industry
Table 30. France Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by Manufacturing Method
Table 31. France Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons) – by End-use Industry
Table 32. France Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by End-use Industry
Table 33. Italy Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by Manufacturing Method
Table 34. Italy Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons) – by End-use Industry
Table 35. Italy Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by End-use Industry
Table 36. United Kingdom Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by Manufacturing Method
Table 37. United Kingdom Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons) – by End-use Industry
Table 38. United Kingdom Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by End-use Industry
Table 39. Russia Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by Manufacturing Method
Table 40. Russia Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons) – by End-use Industry
Table 41. Russia Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by End-use Industry
Table 42. Rest of Europe Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by Manufacturing Method
Table 43. Rest of Europe Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons) – by End-use Industry
Table 44. Rest of Europe Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by End-use Industry
Table 45. Asia Pacific Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by Manufacturing Method
Table 46. Asia Pacific Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons) – by End-use Industry
Table 47. Asia Pacific Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by End-use Industry
Table 48. Asia Pacific Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons) – by Country
Table 49. Asia Pacific Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 50. Australia Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by Manufacturing Method
Table 51. Australia Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons) – by End-use Industry
Table 52. Australia Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by End-use Industry
Table 53. China Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by Manufacturing Method
Table 54. China Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons) – by End-use Industry
Table 55. China Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by End-use Industry
Table 56. India Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by Manufacturing Method
Table 57. India Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons) – by End-use Industry
Table 58. India Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by End-use Industry
Table 59. Japan Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by Manufacturing Method
Table 60. Japan Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons) – by End-use Industry
Table 61. Japan Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by End-use Industry
Table 62. South Korea Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by Manufacturing Method
Table 63. South Korea Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons) – by End-use Industry
Table 64. South Korea Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by End-use Industry
Table 65. Rest of APAC Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by Manufacturing Method
Table 66. Rest of APAC Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons) – by End-use Industry
Table 67. Rest of APAC Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by End-use Industry
Table 68. Middle East and Africa Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by Manufacturing Method
Table 69. Middle East and Africa Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons) – by End-use Industry
Table 70. Middle East and Africa Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by End-use Industry
Table 71. Middle East and Africa Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons) – by Country
Table 72. Middle East and Africa Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 73. South Africa Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by Manufacturing Method
Table 74. South Africa Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons) – by End-use Industry
Table 75. South Africa Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by End-use Industry
Table 76. Saudi Arabia Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by Manufacturing Method
Table 77. Saudi Arabia Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons) – by End-use Industry
Table 78. Saudi Arabia Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by End-use Industry
Table 79. United Arab Emirates Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by Manufacturing Method
Table 80. United Arab Emirates Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons) – by End-use Industry
Table 81. United Arab Emirates Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by End-use Industry
Table 82. Rest of Middle East and Africa Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by Manufacturing Method
Table 83. Rest of Middle East and Africa Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons) – by End-use Industry
Table 84. Rest of Middle East and Africa Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by End-use Industry
Table 85. South and Central America Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by Manufacturing Method
Table 86. South and Central America Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons) – by End-use Industry
Table 87. South and Central America Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by End-use Industry
Table 88. South and Central America Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons) – by Country
Table 89. South and Central America Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 90. Brazil Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by Manufacturing Method
Table 91. Brazil Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons) – by End-use Industry
Table 92. Brazil Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by End-use Industry
Table 93. Argentina Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by Manufacturing Method
Table 94. Argentina Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons) – by End-use Industry
Table 95. Argentina Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by End-use Industry
Table 96. Rest of South and Central America Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by Manufacturing Method
Table 97. Rest of South and Central America Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons) – by End-use Industry
Table 98. Rest of South and Central America Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million) – by End-use Industry
Table 99. Heat Map Analysis by Key Players
List of Figures
Figure 1. Liquid Nitrogen Market Segmentation, by Geography
Figure 2. Porters Analysis
Figure 3. Ecosystem: Liquid Nitrogen Market
Figure 4. Value Added to US GDP By Major Industries (2017–2023)
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Liquid Nitrogen Market Volume (Kilo Tons), 2021–2031
Figure 7. Liquid Nitrogen Market Revenue (US$ Million), 2023–2031
Figure 8. Liquid Nitrogen Market Share (%) – Manufacturing Method, 2023 and 2031
Figure 9. Cryogenic Distillation: Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. Pressure Swing Adsorption: Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. Liquid Nitrogen Market Share (%) – End-use Industry, 2023 and 2031
Figure 12. Aerospace and Defense: Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 13. Aerospace and Defense: Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. Automotive: Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 15. Automotive: Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. Chemical: Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 17. Chemical: Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. Food and Beverage: Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 19. Food and Beverage: Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. Metal Fabrication: Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 21. Metal Fabrication: Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 22. Pharmaceutical: Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 23. Pharmaceutical: Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 24. Electronics and Semiconductors: Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 25. Electronics and Semiconductors: Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 26. Others: Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 27. Others: Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 28. Liquid Nitrogen Market Breakdown by Region, 2023 and 2031 (%)
Figure 29. North America Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 30. North America Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 31. North America Liquid Nitrogen Market Breakdown by Manufacturing Method (2023 and 2031)
Figure 32. North America Liquid Nitrogen Market Breakdown by End-use Industry (2023 and 2031)
Figure 33. North America Liquid Nitrogen Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 34. United States Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 35. Canada Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 36. Mexico Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 37. Europe Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 38. Europe Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 39. Europe Liquid Nitrogen Market Breakdown by Manufacturing Method (2023 and 2031)
Figure 40. Europe Liquid Nitrogen Market Breakdown by End-use Industry (2023 and 2031)
Figure 41. Europe Liquid Nitrogen Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 42. Germany Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 43. France Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 44. Italy Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 45. United Kingdom Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 46. Russia Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 47. Rest of Europe Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 48. Asia Pacific Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 49. Asia Pacific Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 50. Asia Pacific Liquid Nitrogen Market Breakdown by Manufacturing Method (2023 and 2031)
Figure 51. Asia Pacific Liquid Nitrogen Market Breakdown by End-use Industry (2023 and 2031)
Figure 52. Asia Pacific Liquid Nitrogen Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 53. Australia Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 54. China Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 55. India Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 56. Japan Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 57. South Korea Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 58. Rest of APAC Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 59. Middle East and Africa Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 60. Middle East and Africa Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 61. Middle East and Africa Liquid Nitrogen Market Breakdown by Manufacturing Method (2023 and 2031)
Figure 62. Middle East and Africa Liquid Nitrogen Market Breakdown by End-use Industry (2023 and 2031)
Figure 63. Middle East and Africa Liquid Nitrogen Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 64. South Africa Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 65. Saudi Arabia Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 66. United Arab Emirates Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 67. Rest of Middle East and Africa Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 68. South and Central America Liquid Nitrogen Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 69. South and Central America Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 70. South and Central America Liquid Nitrogen Market Breakdown by Manufacturing Method (2023 and 2031)
Figure 71. South and Central America Liquid Nitrogen Market Breakdown by End-use Industry (2023 and 2031)
Figure 72. South and Central America Liquid Nitrogen Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 73. Brazil Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 74. Argentina Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 75. Rest of South and Central America Liquid Nitrogen Market – Revenue and Forecast to 2031 (US$ Million)
Figure 76. Company Positioning & Concentration
The List of Companies - Liquid Nitrogen Market
- Linde Plc
- L’Air Liquide SA
- Air Products and Chemicals Inc
- SOL SpA
- Praxair Technology Inc
- Nippon Sanso Holdings Corp
- Ube Corporation
- AIR WATER INC
- Gulf Cryo LLC
- Osaka Gas Co Ltd
- Tokyo Gas Chemicals Co Ltd
- Messer SE & Co KGaA
- nexAir LLC
- ADNOC Gas
- Matheson Tri-Gas Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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