| Product Code: ETC5524799 | Publication Date: Nov 2023 | Updated Date: Jan 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Armenia liquid nitrogen import trend experienced significant growth from 2023 to 2024, with a notable 200.0% increase. The compound annual growth rate (CAGR) for the period of 2020 to 2024 stood at 73.21%. This surge in imports can be attributed to a combination of factors, including increased industrial demand and favorable trade agreements that facilitated market expansion.

Armenia's Liquid Nitrogen market is anticipated to experience a high growth rate of 12.03% by 2027, reflecting trends observed in the largest economy China, followed by India, Japan, Australia and South Korea.

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 Armenia Liquid Nitrogen Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Liquid Nitrogen Market Revenues & Volume, 2021 & 2031F |
3.3 Armenia Liquid Nitrogen Market - Industry Life Cycle |
3.4 Armenia Liquid Nitrogen Market - Porter's Five Forces |
3.5 Armenia Liquid Nitrogen Market Revenues & Volume Share, By End-Use Industry, 2021 & 2031F |
3.6 Armenia Liquid Nitrogen Market Revenues & Volume Share, By Storage, Distribution and Transportation, 2021 & 2031F |
3.7 Armenia Liquid Nitrogen Market Revenues & Volume Share, By Function, 2021 & 2031F |
3.8 Armenia Liquid Nitrogen Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F |
4 Armenia Liquid Nitrogen Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for liquid nitrogen in various industries such as food and beverage, healthcare, and electronics. |
4.2.2 Increasing adoption of liquid nitrogen in cryosurgery and cryotherapy applications. |
4.2.3 Rising use of liquid nitrogen in semiconductor manufacturing processes. |
4.3 Market Restraints |
4.3.1 High cost associated with the production and transportation of liquid nitrogen. |
4.3.2 Safety concerns related to handling and storage of liquid nitrogen due to its extremely low temperature. |
5 Armenia Liquid Nitrogen Market Trends |
6 Armenia Liquid Nitrogen Market Segmentations |
6.1 Armenia Liquid Nitrogen Market, By End-Use Industry |
6.1.1 Overview and Analysis |
6.1.2 Armenia Liquid Nitrogen Market Revenues & Volume, By Chemicals & pharmaceuticals, 2021-2031F |
6.1.3 Armenia Liquid Nitrogen Market Revenues & Volume, By Food & beverage, 2021-2031F |
6.1.4 Armenia Liquid Nitrogen Market Revenues & Volume, By Healthcare, 2021-2031F |
6.1.5 Armenia Liquid Nitrogen Market Revenues & Volume, By Metal manufacturing & construction, 2021-2031F |
6.1.6 Armenia Liquid Nitrogen Market Revenues & Volume, By Rubber & Plastic, 2021-2031F |
6.1.7 Armenia Liquid Nitrogen Market Revenues & Volume, By Others, 2021-2031F |
6.2 Armenia Liquid Nitrogen Market, By Storage, Distribution and Transportation |
6.2.1 Overview and Analysis |
6.2.2 Armenia Liquid Nitrogen Market Revenues & Volume, By Cylinder & packaged distribution, 2021-2031F |
6.2.3 Armenia Liquid Nitrogen Market Revenues & Volume, By Merchant liquid distribution, 2021-2031F |
6.2.4 Armenia Liquid Nitrogen Market Revenues & Volume, By Tonnage distribution, 2021-2031F |
6.3 Armenia Liquid Nitrogen Market, By Function |
6.3.1 Overview and Analysis |
6.3.2 Armenia Liquid Nitrogen Market Revenues & Volume, By Coolant, 2021-2031F |
6.3.3 Armenia Liquid Nitrogen Market Revenues & Volume, By Refrigerant, 2021-2031F |
6.4 Armenia Liquid Nitrogen Market, By Manufacturing Process |
6.4.1 Overview and Analysis |
6.4.2 Armenia Liquid Nitrogen Market Revenues & Volume, By Cryogenic distillation, 2021-2031F |
6.4.3 Armenia Liquid Nitrogen Market Revenues & Volume, By Pressure swing adsorption, 2021-2031F |
7 Armenia Liquid Nitrogen Market Import-Export Trade Statistics |
7.1 Armenia Liquid Nitrogen Market Export to Major Countries |
7.2 Armenia Liquid Nitrogen Market Imports from Major Countries |
8 Armenia Liquid Nitrogen Market Key Performance Indicators |
8.1 Average selling price of liquid nitrogen. |
8.2 Number of new applications utilizing liquid nitrogen. |
8.3 Investment in research and development for liquid nitrogen applications. |
8.4 Adoption rate of liquid nitrogen in emerging industries. |
8.5 Percentage increase in the number of liquid nitrogen suppliers in Armenia. |
9 Armenia Liquid Nitrogen Market - Opportunity Assessment |
9.1 Armenia Liquid Nitrogen Market Opportunity Assessment, By End-Use Industry, 2021 & 2031F |
9.2 Armenia Liquid Nitrogen Market Opportunity Assessment, By Storage, Distribution and Transportation, 2021 & 2031F |
9.3 Armenia Liquid Nitrogen Market Opportunity Assessment, By Function, 2021 & 2031F |
9.4 Armenia Liquid Nitrogen Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F |
10 Armenia Liquid Nitrogen Market - Competitive Landscape |
10.1 Armenia Liquid Nitrogen Market Revenue Share, By Companies, 2024 |
10.2 Armenia Liquid Nitrogen Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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