GITNUX MARKETDATA REPORT 2024

Liquid Nitrogen Industry Statistics

The liquid nitrogen industry is projected to experience steady growth in demand due to its wide range of applications in various sectors such as healthcare, food processing, and electronics.

With sources from: technavio.com, researchandmarkets.com, futuremarketinsights.com, fortunebusinessinsights.com and many more

Statistic 1

The global nitrogen market was valued at USD 12.86 billion in 2019.

Statistic 2

The nitrogen market is projected to reach USD 19.96 billion by 2026.

Statistic 3

Asia Pacific region holds the largest market share in the liquid nitrogen market as of 2020.

Statistic 4

In 2022, China is expected to be the largest consumer of liquid nitrogen.

Statistic 5

The liquid nitrogen market was predicted to grow at a CAGR of 6.2 % from 2021 to 2027.

Statistic 6

The thermosetting plastics application accounted for the largest share of the liquid nitrogen market in 2019.

Statistic 7

The U.S. accounted for the major market share in the North America liquid nitrogen market in 2020.

Statistic 8

Approximately 30% of liquid nitrogen demand is from the healthcare industry.

Statistic 9

Europe is expected to be the second largest market for liquid nitrogen after Asia-Pacific in 2022.

Statistic 10

Automotive industry in Germany was the largest consumer of liquid nitrogen in 2019.

Statistic 11

Analysts predict that the liquid nitrogen service market will grow by USD 4.55 billion during 2021-2025.

Statistic 12

The largest application sector for liquid nitrogen is in manufacturing, representing over 25% market share.

Statistic 13

The liquid nitrogen's metal fabrication segment will witness a growth rate of 7.0% through 2027.

Statistic 14

The global demand for liquid nitrogen is increasing 5.8% every year.

Statistic 15

The global Liquid Nitrogen market size by Production Output was 45 million tonnes in 2019.

Statistic 16

Liquid nitrogen accounted for more than 70% share of the overall nitrogen revenue in 2019.

Statistic 17

LIN (Liquid Nitrogen) is expected to reach a market size of over USD 16 Billion by 2025.

Statistic 18

The electronics industry is projected to generate more than USD 2.5 Billion by 2027 for the liquid nitrogen market.

Statistic 19

By 2025, India's liquid nitrogen market is expected to grow at a CAGR of over 9%.

Sources Icon Sources

In this post, we’ll explore the dynamic landscape of the liquid nitrogen industry, backed by a comprehensive collection of compelling statistics. From the current market values and growth projections to regional market shares and key industry applications, these statistics paint a clear picture of the evolving trends and opportunities within the global liquid nitrogen market.

Statistic 1

"The global nitrogen market was valued at USD 12.86 billion in 2019."

Sources Icon

Statistic 2

"The nitrogen market is projected to reach USD 19.96 billion by 2026."

Sources Icon

Statistic 3

"Asia Pacific region holds the largest market share in the liquid nitrogen market as of 2020."

Sources Icon

Statistic 4

"In 2022, China is expected to be the largest consumer of liquid nitrogen."

Sources Icon

Statistic 5

"The liquid nitrogen market was predicted to grow at a CAGR of 6.2 % from 2021 to 2027."

Sources Icon

Statistic 6

"The thermosetting plastics application accounted for the largest share of the liquid nitrogen market in 2019."

Sources Icon

Statistic 7

"The U.S. accounted for the major market share in the North America liquid nitrogen market in 2020."

Sources Icon

Statistic 8

"Approximately 30% of liquid nitrogen demand is from the healthcare industry."

Sources Icon

Statistic 9

"Europe is expected to be the second largest market for liquid nitrogen after Asia-Pacific in 2022."

Sources Icon

Statistic 10

"Automotive industry in Germany was the largest consumer of liquid nitrogen in 2019."

Sources Icon

Statistic 11

"Analysts predict that the liquid nitrogen service market will grow by USD 4.55 billion during 2021-2025."

Sources Icon

Statistic 12

"The largest application sector for liquid nitrogen is in manufacturing, representing over 25% market share."

Sources Icon

Statistic 13

"The liquid nitrogen's metal fabrication segment will witness a growth rate of 7.0% through 2027."

Sources Icon

Statistic 14

"The global demand for liquid nitrogen is increasing 5.8% every year."

Sources Icon

Statistic 15

"The global Liquid Nitrogen market size by Production Output was 45 million tonnes in 2019."

Sources Icon

Statistic 16

"Liquid nitrogen accounted for more than 70% share of the overall nitrogen revenue in 2019."

Sources Icon

Statistic 17

"LIN (Liquid Nitrogen) is expected to reach a market size of over USD 16 Billion by 2025."

Sources Icon

Statistic 18

"The electronics industry is projected to generate more than USD 2.5 Billion by 2027 for the liquid nitrogen market."

Sources Icon

Statistic 19

"By 2025, India's liquid nitrogen market is expected to grow at a CAGR of over 9%."

Sources Icon

Interpretation

In conclusion, the liquid nitrogen industry is experiencing significant growth and evolution on a global scale, with various regions and sectors playing crucial roles in shaping the market landscape. The statistics highlight a promising future for the industry, with projections indicating substantial increases in market size, consumption, and demand across multiple applications and geographic locations. Insights into market trends, consumer behavior, and growth forecasts underscore the importance of liquid nitrogen in numerous sectors, particularly in manufacturing, healthcare, electronics, and automotive industries. As the industry continues to expand and innovate, stakeholders are poised to capitalize on these opportunities and leverage the increasing demand for liquid nitrogen products and services in the coming years.

Can You Trust Our Report?

The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.

Learn more about our process here.

Submit Your Own Statistic Data

Would you like to submit your own researched statistics on this topic? You are welcome to use the form below and submit your suggestion to us. We will check the source and approve it if necessary.

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!