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The liquid nitrogen market was valued at USD 18.83 billion in 2023 and is expected to reach USD 28.87 billion by 2031. It is estimated to register a CAGR of 5.5% from 2023 to 2031.
United States and Canada, October 9, 2024 (Globe Newswire) — According to The Insight, “Liquid Nitrogen Market Forecast to 2031 – Global and Regional Shares, Trends, Growth Opportunities Analysis – Manufacturing Methods, End-Use Industries, “The market growth is due to the increasing usage of liquid nitrogen in the pharmaceutical industry and the growing demand for liquid nitrogen in the food and beverage industry. It can be produced as a by-product of the oxygen production process.”Liquid nitrogen is produced commercially using a variety of techniques, including cryogenic separation and pressure swing adsorption.
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Liquid Nitrogen Market: Competitive Environment and Key Developments
Major 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 Co., Ltd., Ube Industries, Ltd., 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 players operating in the market are committed to offering quality products that meet the customer demands. The emphasis is on
Liquid nitrogen is used in applications such as aerospace and defense, automotive, chemicals, food and beverages, metal manufacturing, pharmaceuticals, electronics and semiconductors. Liquid nitrogen is used in the chemical industry for applications such as inertization, nitrogen stripping and recovery. and cooling of the nuclear reactor. Liquid nitrogen is also used to treat and recover volatile organic compounds (VOCs). In the automotive industry, nitrogen is used for a variety of functions, from tire inflation to welding and brazing. Various assembly plants use nitrogen for welding auto parts, frames, and other components. This is because nitrogen can provide the necessary atmosphere for proper welding on any material. Furthermore, the use of liquid nitrogen increases vehicle cooling efficiency and reduces cooling time.
The demand for liquid nitrogen is increasing due to the growth of the food and beverage industry in various economies. Liquid nitrogen infusion is one of the latest eye-catching food trends. Liquid nitrogen, with its ability to create a fog-like effect and quickly freeze food, has recently found applications in ice creams, snacks, cocktails, and more. Additionally, the food and drink industry is the UK’s largest manufacturing sector, according to the Food and Drink Federation. Food and beverage production in 2022 increased by 8% from 2021. In addition, Russia was the 8th largest market for processed foods with a trading volume of 27.5 tonnes, and beverages (alcohol and soft drinks) with a trading volume of 26 tonnes. According to the International Trade Agency (ITA), 1 billion liters. The increase in volume indicates that there is a huge demand for food and beverages in different countries.
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The liquid nitrogen market is bifurcated based on manufacturing method and end-use industry. Based on production method, the market is segmented into cryogenic distillation and pressure swing adsorption. The cryogenic distillation segment accounted for a larger market share in 2023. The principle of cryogenic distillation method is based on the cryogenic distillation of liquefied air. This method involves filling the air separation device with atmospheric air. The air is then compressed by an air compressor, and after being compressed, it is sent to a cleanup system to remove impurities such as moisture, hydrocarbons, and carbon dioxide. Additionally, the air passes through a heat exchanger where it is cooled to cryogenic temperatures. At this stage, the nitrogen is sent to a high-pressure distillation column where it is physically separated from other different gases to form nitrogen at the top of the column. Finally, nitrogen is removed from the column and transferred to a low-pressure column where it is distilled until purity meets commercial specifications.
By end-use industry, the market is segmented into aerospace and defense, automotive, chemicals, food and beverages, metal processing, pharmaceuticals, electronics and semiconductors, and others. The metal processing segment held the largest share in the market in 2023. The pharmaceutical segment held the second largest share in the market in 2023.
In the pharmaceutical and biotechnology industries, liquid nitrogen is used for reactor cooling and freeze-drying. Nitrogen is used to replace an undesired atmosphere with an inert, dry atmosphere. Nitrogen reduces the presence of oxygen. Oxygen can catalyze combustion and adversely affect product quality. Nitrogen also helps maintain the sterility and cleanliness of pharmaceutical products and controls oxygen levels throughout workplaces, laboratories, and facilities. Liquid nitrogen is also important for cryopreservation of cell samples, organs, and tissues, both for research and transplantation. Additionally, in the food and beverage industry, liquid nitrogen is used for freezing and refrigeration, cooling flour and dough, meat mixing, and controlled atmosphere packaging.
Since liquid nitrogen is a cryogenic liquid, it can achieve extremely low temperatures, making it the perfect tool for a variety of packaging applications in food processing and protection. Liquid nitrogen is used for deep freezing, where food is exposed to extremely low temperatures over a short period of time. This helps maintain the texture and nutritional value of meals by minimizing ice crystal formation and maintaining the integrity of cellular systems. Liquid nitrogen also plays an important role in extending the shelf life of fresh foods. Liquid nitrogen is used in modified atmosphere packaging (MAP) to extend the shelf life of foods. This requires replacing the air in the package with a controlled fuel combination that includes liquid nitrogen. Therefore, the wide application of liquid nitrogen in the food and beverage industry is driving the market.
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Another method is pressure swing adsorption (PSA). This is a technology that uses an adsorption process to separate nitrogen from air. PSA helps produce high-purity nitrogen in small quantities and is used in applications such as food packaging and laboratory equipment. However, it requires a stable ambient temperature and has a high initial capital cost. Additionally, the purity level of nitrogen produced using PSA is related to flow rate, making high purity PSA systems more expensive.
Regarding end-use industries, metal processing accounted for the largest market share in 2023. Liquid nitrogen plays an important role in heat treatment and inerting processes. In metalworking, nitrogen is used in annealing processes to reduce hardness and increase ductility. It is also used for plasma cutting and laser cutting of metals such as stainless steel and aluminum. Increasing demand for lightweight materials, especially in the aerospace and automotive sectors, is driving growth in metal processing and, as a result, the demand for liquid nitrogen is also increasing.
The food and beverage industry is also a major consumer of liquid nitrogen. Used in freezing and refrigeration applications such as deep freezing to minimize ice crystal formation and preserve food texture and nutritional value. Liquid nitrogen is also used in modified atmosphere packaging (MAP), where it is used to extend shelf life by displacing oxygen within the packaging. These applications make liquid nitrogen an important tool for food processing and preserving fresh produce.
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In addition to metalworking and food and beverages, liquid nitrogen is used in other industries such as aerospace and defense, automotive, pharmaceuticals, electronics and semiconductors, and chemicals. For example, they are used in the aerospace sector for propulsion and testing, and in the pharmaceutical and electronics sectors for cryogenic cooling. These diverse applications further contribute to the growing demand for liquid nitrogen.
In summary, cryogenic distillation remains the dominant method for large-scale production of liquid nitrogen because it can efficiently produce high-purity nitrogen. The metal manufacturing industry is the largest end-user sector, driven by increasing demand for nitrogen in heat treating and metal cutting processes. The food and beverage industry is also contributing significantly to the market growth due to the use of liquid nitrogen in refrigeration and food preservation technology. The market is expected to continue expanding due to continuous industrial growth, technological advancements, and increasing application of cryogenic processes in various fields.
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