Latest News- Liquid Nitrogen Market: Chemical/pharma/biotech is expected to lead the Application segment during 2025-2029

The Liquid Nitrogen Market is being driven by Increasing demand from healthcare industry

The Liquid Nitrogen Market is expected to grow at a CAGR of 6.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 7249.4 million. In the realm of petroleum engineering, liquid nitrogen has gained significant traction as an efficacious jet medium for cleaning oil wells, pipelines, and associated equipment. This application hinges on the unique property of liquid nitrogen to expand rapidly when exposed to atmospheric conditions upon injection at high pressure. This expansion generates a powerful jet stream, capable of dislodging and eliminating obstructions, such as scale and debris, from wellbores and pipelines. Known as nitrogen lifting or nitrogen jetting, this technique is employed in various applications, including well stimulation, pipeline cleaning, and descaling, to optimize operational efficiency and productivity within the petroleum industry. 

Get more information on Liquid Nitrogen Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Chemical/pharma/biotech
  • Food and beverages
  • Metal manufacturing and construction
  • Others
• Usage
  • Coolant
  • Refrigerant
• Technology
  • Cryogenic distillation
  • Pressure swing adsorption
  • Others
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing demand from healthcare industry
• Growing adoption of liquid nitrogen in food and beverage industry
• Rising demand for liquid nitrogen in electronics industry

However, the market also witnesses some limitations, which are as follows:

• Fluctuating prices of liquid nitrogen
• Environmental regulations in global liquid nitrogen market
• Technological advancements

Benefits of Buying Global Liquid Nitrogen Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Liquid Nitrogen Market Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

Liquid Nitrogen, a form of elemental nitrogen, is a cryogenic liquid used extensively as a refrigerant, coolant, preservative, and packaged gas. It finds applications in various sectors including pharmacological medication for antibiotics production, cryopreservation and cryosurgery, metalworking, food processing, and agricultural demands. The global population's needs in science and research, petrochemical industries, and as a compressor gas further boost the market growth.

Market Research Overview

The global commodity chemicals market encompasses businesses primarily engaged in the production of industrial and basic chemicals, such as plastics, synthetic fibers, films, commodity-based paints and pigments, explosives, and petrochemicals. Notably, this sector excludes companies producing diversified chemicals, fertilizers and agricultural chemicals, industrial gases, and specialty chemicals. According to Technavio's market analysis, the growth of the global commodity chemicals market is primarily driven by the escalating demand for plastic packaging. As plastic is the most widely used material in the packaging industry, the increasing preference for lightweight and corrosion-resistant materials has spurred continuous innovation, thereby significantly influencing the application of chemicals in the manufacturing process of plastic packaging materials.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/