Liquid Nitrogen Market Report 2026

The liquid nitrogen market size has grown strongly in recent years. It will grow from $19.24 billion in 2025 to $20.63 billion in 2026 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to expansion of industrial gas consumption, growth of frozen food processing, rising use in medical and laboratory applications, availability of cryogenic storage infrastructure, increasing use in metal processing.

The liquid nitrogen market size is expected to see strong growth in the next few years. It will grow to $26.84 billion in 2030 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to increasing demand from healthcare and biotechnology sectors, rising adoption of advanced cold chain logistics, expansion of semiconductor manufacturing cooling needs, growing focus on precision temperature control, increasing investments in industrial gas production. Major trends in the forecast period include rising demand for cryogenic cooling applications, growing use in food freezing and preservation, increased adoption in pharmaceutical storage, expansion of industrial temperature control applications, enhanced focus on safe cryogenic handling.

The increasing demand from the healthcare sector is expected to drive the growth of the liquid nitrogen market. The healthcare sector focuses on maintaining or restoring physical, mental, or emotional well-being through licensed professionals. Liquid nitrogen is widely used in healthcare for cryogenic applications, including the removal of warts, precancerous cells, and unwanted skin, due to its rapid freezing capability. For instance, in January 2025, Air Liquide, a France-based provider of industrial and healthcare gases and technologies, reported strong uptake of its ECO ORIGIN solution, signing 2024 contracts with 19 hospitals and clinics across six European countries and securing its first Brazilian agreement for certified low-carbon oxygen and nitrogen. Therefore, rising healthcare demand is supporting the expansion of the liquid nitrogen market.

Major companies in the liquid nitrogen market are focusing on supplying nitrogen liquefaction refrigeration systems for large-scale scientific experiments, such as the Deep Underground Neutrino Experiment (DUNE), to ensure stable cooling of sensitive detectors and infrastructure. Nitrogen liquefaction refrigeration systems are specialized setups that cool nitrogen gas into a liquid state through thermodynamic processes and are designed for modular underground assembly. For example, in July 2023, Air Products and Chemicals Inc., a US-based company, collaborated with Fermilab to provide a nitrogen liquefaction system for DUNE. The system cools and re-condenses argon that boils off from cryostats, each containing approximately 17,500 metric tons of ultrapure liquid argon, ensuring optimal conditions for neutrino detection.

In April 2024, N2 Solutions (N2S), a US-based provider of nitrogen services, acquired PFS Nitrogen Services for an undisclosed amount. The acquisition allows N2 Solutions to expand its geographic reach and integrate PFS’s specialized nitrogen technologies, including pipe-freezing, pipeline pigging, and liquid-nitrogen transport, enhancing its ability to deliver comprehensive solutions to pipeline and petrochemical clients. PFS Nitrogen Services is a US-based company providing nitrogen-technology services.

Major companies operating in the liquid nitrogen market are 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.

North America was the largest region in the liquid nitrogen market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the liquid nitrogen market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the liquid nitrogen market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The liquid nitrogen market consists of sales of liquid nitrogen manufactured through pressure swing desorption, membrane nitrogen generation, and fractional distillation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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