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Liquid Nitrogen Market Share

Report ID: GMI2530
Published Date: Oct 2024
Report Format: PDF

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Liquid Nitrogen Market Share

Companies include, Linde AG, Messer Group, Praxair Inc. (now part of Linde), Nexair LLC, and Air Liquide S.A. play pivotal roles in the U.S. liquid nitrogen industry, driving innovation and efficiency. Linde AG enhances production and distribution through advanced technologies while focusing on sustainability and reducing carbon emissions. Messer Group offers customized solutions for food preservation and healthcare, leveraging its robust distribution network for reliable supply.

Praxair Inc. contributes by optimizing cryogenic applications, improving product quality in manufacturing and research. Nexair LLC emphasizes personalized service and regional expertise, ensuring prompt delivery to local industries. Air Liquide S.A. leads in research and development, pioneering new applications for liquid nitrogen in pharmaceuticals and electronics while promoting sustainable practices.

Liquid Nitrogen Market Companies

Major players operating in the liquid nitrogen industry are:

Air Products and Chemicals Inc.
Air Liquide SA
Emirates Industrial Gas Company LLC
Gulf Cryo Holding CJSC
Linde plc
Messer Group GmbH
NexAir LLC
Praxair Inc.
Southern Industrial Gas Berhad
Taiyo Nippon Sanso Corporation

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

The global market size for liquid nitrogen was valued at USD 15.3 billion in 2023 and is expected to reach USD 23.8 billion by 2032, driven by a CAGR of over 5.8% from 2024 to 2032 due to increasing demand in various industrial applications.

The liquid nitrogen industry from chemicals & pharmaceutical segment held a 23.1% market share in 2023, amounting to USD 3.5 billion, and is projected to grow at a 5.9% CAGR from 2024 to 2032, driven by the rising need for cryogenic preservation and cooling in these industries.

The U.S. market is projected to achieve USD 3.8 billion by 2032, driven by a CAGR of 5.9% from 2024 to 2032, supported by advancements in healthcare and food preservation technologies.

Major players in the industry include Air Products and Chemicals Inc., Praxair Inc., Southern Industrial Gas Berhad, and Taiyo Nippon Sanso Corporation, driven by their extensive distribution networks and technological innovations.