Product Code: ETC044829 | Publication Date: Jul 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Philippines Liquid Nitrogen Market is likely to experience consistent growth rate gains over the period 2025 to 2029. Commencing at 2.14% in 2025, growth builds up to 3.79% by 2029.
The Liquid Nitrogen market in Philippines is projected to grow at a stable growth rate of 3.07% by 2027, highlighting the country's increasing focus on advanced technologies within the Asia region, where China holds the dominant position, followed closely by India, Japan, Australia and South Korea, shaping overall regional demand.
Liquid nitrogen is an odorless, colorless, and nonflammable gas. It is widely used in the healthcare industry as a refrigerant for cryogenic storage of biological samples such as blood components, stem cells, reproductive material, and tissue culture. Additionally, liquid nitrogen finds applications in various industries such as food & beverage processing to preserve food items; automotive manufacturing for cooling parts during production processes; oil & gas exploration for pipeline insulation purpose; electronics & semiconductor manufacturing to cool electrical components while storing them; metalworking operations to achieve superior surface finish on alloy products; and pharmaceuticals sector for drug development process among others.
The Philippine market for liquid nitrogen has been witnessing considerable growth over the recent years with increasing usage across multiple industries coupled with rapid technological advancements leading to its increased utilization rate within key end-use sectors. Moreover, government initiatives towards encouraging industrialization have further contributed positively towards driving the sales of liquid nitogen within different industries such as energy & power and chemical manufacturing sector among others which are expected to continue over the forecast period from 2025 till 2031 resulting into positive outlook ahead in terms of revenue generation prospects from this segment throughout the projected timeline
Liquid Nitrogen finds significant application in healthcare sector owing largely due its capability of preserving biological samples at very low temperatures without causing any damage or alteration making it an ideal choice by medical practitioners all around the world leading to its increased demand within this particular sector which is likely propel market growth further going forward during 2025-2031 timeline. Further, liquid Nitrogen also enjoys wide adoption across numerous industrial sectores including but not limited ot automotive manufacturing , oil & gas , chemicals etc driven majorly by its ability ti provide excellent heat transfer properties along with substantially superior thermal conductivity compared ot other cryogens available currently , resulting into increased demand from these areas driving overall market fortunes up significantly.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Liquid Nitrogen Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Liquid Nitrogen Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Liquid Nitrogen Market - Industry Life Cycle |
3.4 Philippines Liquid Nitrogen Market - Porter's Five Forces |
3.5 Philippines Liquid Nitrogen Market Revenues & Volume Share, By End-Use Industry, 2021 & 2031F |
3.6 Philippines Liquid Nitrogen Market Revenues & Volume Share, By Storage, Distribution and Transportation, 2021 & 2031F |
3.7 Philippines Liquid Nitrogen Market Revenues & Volume Share, By Function, 2021 & 2031F |
3.8 Philippines Liquid Nitrogen Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F |
4 Philippines Liquid Nitrogen Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Liquid Nitrogen Market Trends |
6 Philippines Liquid Nitrogen Market, By Types |
6.1 Philippines Liquid Nitrogen Market, By End-Use Industry |
6.1.1 Overview and Analysis |
6.1.2 Philippines Liquid Nitrogen Market Revenues & Volume, By End-Use Industry, 2021-2031F |
6.1.3 Philippines Liquid Nitrogen Market Revenues & Volume, By Chemicals & pharmaceuticals, 2021-2031F |
6.1.4 Philippines Liquid Nitrogen Market Revenues & Volume, By Food & beverage, 2021-2031F |
6.1.5 Philippines Liquid Nitrogen Market Revenues & Volume, By Healthcare, 2021-2031F |
6.1.6 Philippines Liquid Nitrogen Market Revenues & Volume, By Metal manufacturing & construction, 2021-2031F |
6.1.7 Philippines Liquid Nitrogen Market Revenues & Volume, By Rubber & Plastic, 2021-2031F |
6.1.8 Philippines Liquid Nitrogen Market Revenues & Volume, By Others, 2021-2031F |
6.2 Philippines Liquid Nitrogen Market, By Storage, Distribution and Transportation |
6.2.1 Overview and Analysis |
6.2.2 Philippines Liquid Nitrogen Market Revenues & Volume, By Cylinder & packaged distribution, 2021-2031F |
6.2.3 Philippines Liquid Nitrogen Market Revenues & Volume, By Merchant liquid distribution, 2021-2031F |
6.2.4 Philippines Liquid Nitrogen Market Revenues & Volume, By Tonnage distribution, 2021-2031F |
6.3 Philippines Liquid Nitrogen Market, By Function |
6.3.1 Overview and Analysis |
6.3.2 Philippines Liquid Nitrogen Market Revenues & Volume, By Coolant, 2021-2031F |
6.3.3 Philippines Liquid Nitrogen Market Revenues & Volume, By Refrigerant, 2021-2031F |
6.4 Philippines Liquid Nitrogen Market, By Manufacturing Process |
6.4.1 Overview and Analysis |
6.4.2 Philippines Liquid Nitrogen Market Revenues & Volume, By Cryogenic distillation, 2021-2031F |
6.4.3 Philippines Liquid Nitrogen Market Revenues & Volume, By Pressure swing adsorption, 2021-2031F |
7 Philippines Liquid Nitrogen Market Import-Export Trade Statistics |
7.1 Philippines Liquid Nitrogen Market Export to Major Countries |
7.2 Philippines Liquid Nitrogen Market Imports from Major Countries |
8 Philippines Liquid Nitrogen Market Key Performance Indicators |
9 Philippines Liquid Nitrogen Market - Opportunity Assessment |
9.1 Philippines Liquid Nitrogen Market Opportunity Assessment, By End-Use Industry, 2021 & 2031F |
9.2 Philippines Liquid Nitrogen Market Opportunity Assessment, By Storage, Distribution and Transportation, 2021 & 2031F |
9.3 Philippines Liquid Nitrogen Market Opportunity Assessment, By Function, 2021 & 2031F |
9.4 Philippines Liquid Nitrogen Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F |
10 Philippines Liquid Nitrogen Market - Competitive Landscape |
10.1 Philippines Liquid Nitrogen Market Revenue Share, By Companies, 2024 |
10.2 Philippines Liquid Nitrogen Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |