Liquid Nitrogen Market Industry Insights, Trends, and Forecasts to 2030
Data Bridge Market Research analyses that the liquid nitrogen market which was USD 16,779.00 million in 2022, would rocket up to USD 24,790.22 million by 2030, and is expected to undergo a CAGR of 5.0% during the forecast period of 2023 to 2030. Industry Analysis The liquid nitrogen market consists of the production, distribution, and use of extremely cold nitrogen gas in liquid form. It is produced through cryogenic distillation that is further stored in insulated containers, and used in various industries. It is used for freezing and preserving food, biological samples cryopreservation, and pharmaceutical applications among others. Liquid nitrogen can cool rapidly and maintain product quality across medical treatments and different industrial processes that require low temperatures. “Coolant” dominates the function segment of the liquid nitrogen market owing to the extensive use of liquid nitrogen in different industries for freezing and preserving ...