Press release
Steady Expansion Forecast for Liquid Nitrogen Market, Projected to Reach $25.91 Billion by 2029
Liquid Nitrogen
Liquid Nitrogen Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the size of the liquid nitrogen market has seen significant expansion. The market value is anticipated to rise from $18.31 billion in 2024 to $19.47 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.3%. This growth during the historic period is the result of factors such as industrial refrigeration, cryopreservation, food freezing, medical applications, and metal processing.
Liquid Nitrogen Market Size Forecast: What's the Projected Valuation by 2029?
Predictions suggest substantial growth in the liquid nitrogen market in the coming years, with the market expected to reach $25.91 billion by 2029, recording a compound annual growth rate (CAGR) of 7.4%. This growth during the forecasted period is due to the development of emergent healthcare technologies, biotechnology and pharmaceutical sectors, cryogenic energy storage, space exploration, along with sustainable and eco-friendly technologies. Key trends projected to shape the market during this period encompass cryotherapy and aesthetic procedures, biobanking and biopreservation, cryogenic storage solutions, cryogenic cooling and rocket propulsion.
View the full report here:
https://www.thebusinessresearchcompany.com/report/liquid-nitrogen-global-market-report
What Are the Drivers Transforming the Liquid Nitrogen Market?
The liquid nitrogen market is projected to grow owing to an escalating demand from the healthcare sector. Renowned for supporting or enhancing physical, mental, or emotional wellbeing under the supervision of accredited healthcare professionals, the healthcare sector often utilizes liquid nitrogen. This substance is typically employed for removing warts, precancerous cells, and undesired skin, and in the field of cryogenics. It serves as a powerful cryogenic agent capable of instantly freezing living cells upon contact, especially for treatment of skin diseases. For instance, in September 2024, The Centers for Medicare and Medicaid Services, an American organization, reported that the National Health Expenditure (NHE) for 2022 witnessed a 4.1% rise, amounting to $4.5 trillion. This equates to $13,493 per individual, contributing to 17.3% of the total Gross Domestic Product (GDP). Consequently, the surging demand within the healthcare sector is expected to consistently fuel the expansion of the liquid nitrogen market throughout the projected timeline.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7724&type=smp
What Long-Term Trends Will Define the Future of the Liquid Nitrogen Market?
Significant operators in the liquid nitrogen market concentrate on advancing liquid nitrogen (LN2) controlled-rate freezers to meet the evolving demands of industries like healthcare, food processing, and biotechnology, and to guarantee accuracy in temperature control during freezing. LN2 controlled-rate freezers are custom-designed devices that accurately regulate the cooling and freezing processes using liquid nitrogen. This tool is vital to organizations practicing cryopreservation, particularly those dealing with high-worth biological materials that need a stringent control while freezing prior to storage. For example, BioLife Solutions, Inc., an American biotechnology firm, in June 2023, introduced the IntelliRate i67C Liquid Nitrogen (LN2) Controlled-Rate Freezer, a liquid nitrogen controlled-rate freezer. The IntelliRate i67C has a chamber capacity of 67 liters (2.35 cu. ft.), 40% larger than other similar tabletop units, making for fewer runs, an easier setup and programming phase, and the optimization of LN2 supervision and energy needs.
Which Segments in the Liquid Nitrogen Market Offer the Most Profit Potential?
The liquid nitrogen market covered in this report is segmented -
1) By Manufacturing Process: Cryogenic Distillation, Pressure Swing Adsorption, Other Manufacturing Processes
2) By Function: Coolant, Refrigerant
3) By Industry Vertical: Chemicals and Pharmaceuticals, Food and Beverage, Healthcare, Metal Manufacturing and Construction, Rubber and Plastic, Other Industry Verticals
Subsegments:
1) By Cryogenic Distillation: Atmospheric Distillation, Fractional Distillation
2) By Pressure Swing Adsorption (PSA): PSA For Nitrogen Generation, PSA For Purification
3) By Other Manufacturing Processes: Membrane Separation, Adsorption Process, Chemical Process
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=7724&type=smp
Which Firms Dominate the Liquid Nitrogen Market by Market Share and Revenue in 2025?
Major companies operating in the liquid nitrogen market include Air Products and Chemicals Inc., Linde plc, NexAir LLC, Statebourne Cryogenics Ltd., Taiyo Nippon Sanso Corporation, Gulf Cryo, Emirates Industrial Gases Co. LLC, Southern Industrial San Bhd, Universal Industrial Gases Inc., Yingde Gases Group, Messer Group, AMCS Corporation., Air Liquide S.A., Asia Industrial Gases Pte. Ltd., MVS Engineering Pvt. Ltd., Cryogenic Industries Inc., Chart Industries Inc., Cryofab Inc., Cryoquip Inc., Cryostar SAS, Buzwair Industrial Gases Factories, INOX Air Products Pvt. Ltd., Yateem Oxygen, Cryomech Inc.
Which Regions Offer the Highest Growth Potential in the Liquid Nitrogen Market?
North America was the largest region in the liquid nitrogen market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the liquid nitrogen market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7724
This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Steady Expansion Forecast for Liquid Nitrogen Market, Projected to Reach $25.91 Billion by 2029 here
News-ID: 4079322 • Views: …
More Releases from The Business Research Company
Seed Treatment Fungicides Market to Grow at 9.3% CAGR, Reaching $3.15 Billion by …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Seed Treatment Fungicides Market Outlook: How is the Market Expected to Grow by 2025?
Over the past few years, the market for seed treatment fungicides has seen robust growth. Its market value is projected to rise from $2.07 billion in 2024 to $2.21 billion in 2025, signifying a compound annual…
Rheology Modifiers Market Growth to be Driven by Emerging Trends | $10.92 Billio …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Rheology Modifiers Industry?
There has been a consistent expansion in the size of the rheology modifiers market in the past few years. The market, which was worth $8.59 billion in 2024, is projected to increase to $8.89 billion in 2025, demonstrating a compound…
Polyurethane Foam Market to Record 8.4% CAGR Growth Through 2029 | Global Analys …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Polyurethane Foam Market Outlook: How is the Market Expected to Grow by 2025?
In recent years, the size of the polyurethane foam market has experienced substantial growth. It is projected to increase from a value of $54.27 billion in 2024 to $57.26 billion in 2025, indicating a compound annual growth…
Pharmaceutical Intermediates Market Size to Reach $46.04 Billion by 2029 | Growt …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Pharmaceutical Intermediates Industry?
There has been consistent growth in the market size of pharmaceutical intermediates over the past few years. The market is predicted to increase from a value of $33.37 billion in 2024, up to $34.95 billion in 2025, with a compound…
More Releases for Liquid
Vitamins: The Liquid Goldmine in the Booming Liquid Dietary Supplements Market
The liquid dietary supplements market is experiencing a surge in popularity, driven by consumers seeking convenient and effective ways to boost their health and wellness. Among the diverse offerings, the vitamins segment stands out as a high-opportunity area, catering to a wide range of health needs and preferences.
Market Dynamics and Growth Drivers
Liquid vitamins offer a compelling alternative to traditional pills and capsules, providing faster absorption, easier consumption, and customizable dosages.…
Thermoelectric Assemblies Market, By Type (Air to Air, Direct to Air, Liquid to …
The thermoelectric assemblies market is expected to witness market growth at a rate of 8.25% in the forecast period of 2021 to 2028. Data Bridge Market Research report on thermoelectric assemblies market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the application of thermoelectric assemblies in the food and beverage industry…
Southeast Asia Liquid Gases Market : Growing with a CAGR of 7.1%, By Type (Liqui …
Southeast Asia liquid gases market is expected to grow significantly in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.1% in the forecast period of 2023 to 2030 and is expected to reach USD 5,042,237.33 thousand by 2030. The major factor driving the growth of the liquid gases market is the rising demand of fresh packaged products…
Southeast Asia Liquid Gases Market growing with a CAGR of 7.1%, By Type (Liquid …
Southeast Asia liquid gases market is expected to grow significantly in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.1% in the forecast period of 2023 to 2030 and is expected to reach USD 5,042,237.33 thousand by 2030. The major factor driving the growth of the liquid gases market is the rising demand of fresh packaged products…
Southeast Asia liquid gases market growing with a CAGR of 7.1%, Size, Share, Tre …
Southeast Asia liquid gases market is expected to grow significantly in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.1% in the forecast period of 2023 to 2030 and is expected to reach USD 5,042,237.33 thousand by 2030. The major factor driving the growth of the liquid gases market is the rising demand of fresh packaged products…
Dual Chamber Prefilled Syringes Market 2021 by Product (Liquid/Powder, Liquid/Li …
The Dual Chamber Prefilled Syringes Market report examines the market size by vital countries/regions, product type, application, historical data, and estimate to forecast. It helps to understand the structure of the Dual Chamber Prefilled Syringes Market by recognizing its different sub-segments. Furthermore, the report focuses on key market players to determine, describe and analyze the value, market share, market competition landscape, SWOT analysis, and development plans in the next few…
