At 4.4% CAGR, Middle East & Africa Liquid Nitrogen Market is Projected to be Worth US$ 1,985.71 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Middle East & Africa liquid nitrogen market was valued at US$ 1,404.90 million in 2023 and is expected to reach US$ 1,985.71 million by 2031, registering a CAGR of 4.4% from 2023 to 2031. Increasing use of liquid nitrogen in pharmaceutical industry and growing number of applications in chemical industry are among the critical factors attributed to drive the Middle East & Africa liquid nitrogen market growth.

Liquid nitrogen is extensively used in various pharmaceutical applications. It acts as an organic additive for the development of generics, therapeutic medicines, and an active pharmaceutical ingredient. Nitrogen is used in its pure form or mixtures for a wide range of quality control applications, medical and nonmedical analysis, as well as to preserve living tissues and cells at cryogenic temperatures. Also, it is used to store cells at low temperatures for lab work, promession (a way to dispose of human remains through freeze drying), and cryonic preservation. Liquid nitrogen acts as a coolant; it has become a commonly used anesthetic for minor surgical procedures. For instance, liquid nitrogen is primarily used in healthcare settings to power surgical tools, medical research equipment, and other medical instruments.

Liquid nitrogen is significantly used for cryotherapy medical spas. Medical spas that offer cryotherapy use whole-body cryosaunas to submerge the clients in nitrogen gas, therefore reducing their skin temperature. Removing toxins, reducing inflammation, and enhancing circulation are among the medical advantages of liquid nitrogen in cryotherapy. It is also used to store and freeze tissues, blood, and cells at cryogenic temperatures to prevent oxidation of samples. Thus, the widespread application of liquid nitrogen in the pharmaceutical industry fuels the market growth.

On the contrary, stringent regulatory framework hampers the growth of Middle East & Africa liquid nitrogen market.

Based on manufacturing method, the Middle East & Africa liquid nitrogen market is bifurcated into cryogenic distillation and pressure swing adsorption. The cryogenic distillation segment held 67.3% market share in 2023, amassing US$ 945.56 million. It is projected to garner US$ 1,369.19 million by 2031 to register 4.7% CAGR during 2023–2031.

In terms of end-use industry, the Middle East & Africa liquid nitrogen market is segmented into aerospace and defense, automotive, chemical, food and beverage, metal fabrication, pharmaceutical, electronics and semiconductors, and others. The metal fabrication segment held 23.4% share of Middle East & Africa liquid nitrogen market in 2023, amassing US$ 328.63 million. It is anticipated to garner US$ 461.34 million by 2031 to expand at 4.3% CAGR during 2023–2031.

Based on country, the Middle East & Africa liquid nitrogen market is categorized into South Africa, the UAE, Saudi Arabia, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 42.2% share of Middle East & Africa liquid nitrogen market in 2023. It was assessed at US$ 593.13 million in 2023 and is likely to hit US$ 818.63 million by 2031, registering a CAGR of 4.1% during 2023–2031.

Key players operating in the Middle East & Africa liquid nitrogen market are Linde Plc, L’Air Liquide SA, Air Products and Chemicals Inc, SOL SpA, Ube Corporation, Air Water Inc, Gulf Cryo LLC, ADNOC Gas, and Matheson Tri-Gas Inc, among others.

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