Published by IMARC Services Private Limited
Posted on October 6, 2021
4 min readLast updated: January 30, 2026
The liquid nitrogen market is set for growth, driven by demand in electronics and healthcare. Key players and COVID-19 impacts are discussed.
According to the latest report by IMARC Group, titled “Liquid Nitrogen Market Price Trends: Global Industry Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global liquid nitrogen market reached a value of US$ XX Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Liquid nitrogen is an inert cryogenic fluid that is colorless, odorless, non-corrosive, non-flammable, and extremely cold in nature. It is produced by the fractional distillation of liquid air that shares two covalent bonds of nitrogen. It has the capability of rapidly freezing any living cell that comes in contact with it. Liquid nitrogen is generally used as a coolant to temporarily shrink mechanical gears and make intrusions fit better while assembling the machine. It also serves an integral role in the medical and surgical processes for removing unwanted skin, precancerous cells, warts, skin tags, moles, and verruca.
The global liquid nitrogen market is primarily driven by the significant demand for consumer electronic products. It is used as a refrigerant to prevent additional heat generation during the manufacturing process of electronic goods. The growth in the healthcare industry is also propelling the demand for liquid nitrogen as it finds application in cryosurgeries, cryotherapies and cryopreservation. In addition to this, liquid nitrogen is increasingly utilized in bakery products, meat, poultry, fish, prepared meals, vegetables, and fruits while retaining the original color, scent, and flavor. It is also utilized to freeze food products and create an aesthetic cloud of vapor and fog over dishes in fine-dine restaurants, cafes, and hotels. These factors are expected to drive the market in the upcoming years.
Liquid Nitrogen Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global liquid nitrogen market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Key Market Segmentation:
The report has segmented the global liquid nitrogen market on the basis of technology, function, storage type, end user and region.
Breakup by Technology:
Breakup by Function:
Breakup by Storage Type:
Breakup by End User:
Breakup by Region:
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Key highlights of the report:
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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The article discusses the trends and forecast of the global liquid nitrogen market from 2021 to 2026.
What are the key applications of liquid nitrogen in various industries?
How has COVID-19 impacted the liquid nitrogen market?
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