The Global Industrial Liquid Nitrogen Market was valued at USD 20.21 Billion in 2024 and is projected to reach USD 29.85 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.7% during the forecast period (2024–2030). This robust growth is underpinned by expanding applications across food freezing, metal fabrication, electronics manufacturing, and pharmaceutical sectors, coupled with the rising demand for cryogenic preservation solutions.

As industries worldwide intensify their focus on operational efficiency, safety, and technological advancement, the role of reliable industrial gas suppliers becomes increasingly critical. In this analysis, we profile the Top 10 Companies in the Industrial Liquid Nitrogen Industry—a group of global giants and specialized producers that are shaping the infrastructure and innovation landscape for this essential cryogenic fluid.

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🔟 1. Linde plc

Headquarters: Guildford, Surrey, United Kingdom (operational headquarters)
Key Offering: High-purity liquid nitrogen, on-site generation plants, cryogenic solutions

Linde stands as the world’s largest industrial gas company by revenue, formed by the merger of Linde AG and Praxair. The company operates an extensive production and distribution network, supplying ultra-pure liquid nitrogen to a diverse industrial clientele. Their technological expertise in cryogenic applications and on-site generation solutions makes them a pivotal partner for large-scale consumers.

Innovation and Sustainability Initiatives:

• Development of efficient air separation unit (ASU) technologies

• Carbon capture and utilization projects leveraging cryogenic processes

• Commitment to climate neutrality by 2050

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9️⃣ 2. Air Liquide S.A.

Headquarters: Paris, France
Key Offering: Liquid nitrogen, nitrogen gas, cryogenic equipment and services

Air Liquide is a global leader in gases, technologies, and services for Industry and Health. The company has a formidable presence across all continents, with a strong focus on innovation in gas production and application technologies. Their liquid nitrogen solutions are critical for industries ranging from aerospace to food and beverage.

Innovation and Sustainability Initiatives:

• Pioneering cryogenic energy storage solutions

• Investments in low-carbon hydrogen production

• ADVANCE strategic plan targeting ESG performance

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8️⃣ 3. Air Products and Chemicals, Inc.

Headquarters: Allentown, Pennsylvania, USA
Key Offering: Merchant and on-site liquid nitrogen, nitrogen purging services

Air Products is a world-leading industrial gas company with a focus on serving energy, environment, and emerging markets. The company is known for its large-scale industrial gas projects and technological leadership in cryogenic gas separation and liquefaction processes.

Innovation and Sustainability Initiatives:

• World-scale carbon-free hydrogen projects

• Advanced cryogenic gas processing technologies

• Multi-billion dollar investments in clean energy transitions

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7️⃣ 4. Messer Group GmbH

Headquarters: Bad Soden, Germany
Key Offering: Liquid nitrogen, bulk gas supply, application-specific solutions

Messer is the largest privately-owned industrial gas specialist in the world, operating across Europe, Asia, and the Americas. The company provides tailored liquid nitrogen solutions for specific industrial processes, with a strong emphasis on customer partnership and technical support.

Innovation and Sustainability Initiatives:

• Focus on energy-efficient production methods

• Development of application technologies for various industries

• Sustainable product stewardship programs

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6️⃣ 5. Taiyo Nippon Sanso Corporation

Headquarters: Tokyo, Japan
Key Offering: Liquid nitrogen, gas supply systems, cryogenic equipment

Taiyo Nippon Sanso is a leading industrial gas company in Asia and a significant global player following its acquisition of Matheson Tri-Gas. The company serves a broad spectrum of industries with high-purity liquid nitrogen, leveraging advanced production and logistics capabilities.

Innovation and Sustainability Initiatives:

• Expansion of electronic-grade specialty gases

• Development of on-site gas generation systems

• Global integration and operational synergies

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5️⃣ 6. Yingde Gases Group Company Ltd.

Headquarters: Yingde, Guangdong, China
Key Offering: Bulk and packaged liquid nitrogen, on-site supply solutions

Yingde Gases is China’s leading industrial gas supplier and one of the fastest-growing players globally. The company has capitalized on China’s industrial expansion, establishing a comprehensive network of production facilities and supply chains across the country.

Innovation and Sustainability Initiatives:

• Rapid capacity expansion in emerging industrial zones

• Investment in clean energy applications

• Strategic partnerships with multinational industrial clients

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4️⃣ 7. Gulf Cryo

Headquarters: Kuwait City, Kuwait
Key Offering: Liquid nitrogen, specialty gases, cylinder gases

Gulf Cryo is the Middle East’s leading industrial and medical gases company, with operations spanning more than 20 countries. The company plays a crucial role in supplying liquid nitrogen to the region’s growing oil and gas, petrochemical, and metal industries.

Innovation and Sustainability Initiatives:

• Expansion of production facilities across MENA region

• Development of hydrocarbon recovery solutions

• Focus on industrial gas applications for environmental protection

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3️⃣ 8. SOL Group

Headquarters: Monza, Italy
Key Offering: Liquid nitrogen, technical gases, home healthcare gases

SOL Group is a leading industrial and medical gas company in Europe, with a strong presence particularly in Southern Europe. The company has been expanding its liquid nitrogen capabilities to serve growing demand from the food, pharmaceutical, and research sectors.

Innovation and Sustainability Initiatives:

• Investment in biogas upgrading technologies

• Development of sustainable packaging solutions

• Expansion of medical and specialty gases portfolio

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2️⃣ 9. Air Water Inc.

Headquarters: Osaka, Japan
Key Offering: Liquid nitrogen, industrial gases, chemicals

Air Water is a major Japanese industrial gas company with diversified operations spanning gases, chemicals, medical, agriculture, and energy. The company has been strengthening its industrial gas business through strategic acquisitions and organic growth.

Innovation and Sustainability Initiatives:

• Development of hydrogen energy infrastructure

• Expansion into high-value specialty chemicals

• Focus on circular economy and carbon recycling

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1️⃣ 10. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Liquid nitrogen (captive consumption), specialty gases

While primarily a chemical company, BASF is a significant consumer and producer of industrial gases including liquid nitrogen for its own manufacturing processes. The company’s extensive chemical operations require substantial cryogenic gases for various applications including inerting, cooling, and as process inputs.

Innovation and Sustainability Initiatives:

• Carbon Management Program for climate protection

• Development of new catalyst technologies

• Commitment to net-zero CO2 emissions by 2050

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🌍 Outlook: The Future of Industrial Liquid Nitrogen Is Efficient and Applications-Driven

The industrial liquid nitrogen market is experiencing transformative changes as industries demand more efficient, sustainable, and application-specific solutions. While traditional uses in metalworking and food processing continue to drive volume growth, emerging applications in electronics, pharmaceuticals, and energy storage are creating new growth vectors.

📈 Key Trends Shaping the Market:

• Rising demand for cryogenic freezing in the food industry for quality preservation

• Increased usage in electronics manufacturing for wafer cooling and inert atmospheres

• Growth in pharmaceutical and biotech applications for cryopreservation

• Adoption of on-site nitrogen generation systems for large industrial consumers

Get Full Report Here: Industrial Liquid Nitrogen Market – View in Detailed Research Report

The companies profiled above are not only supplying a critical industrial commodity—they’re driving innovation in cryogenic applications that enable advanced manufacturing processes across global industries.