| Product Code: ETC5524840 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Grenada saw significant liquid nitrogen import shipments from top exporting countries including Trinidad and Tobago, USA, and Saint Vincent and the Grenadines. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry experienced a remarkable compound annual growth rate (CAGR) of 50.56% from 2020 to 2024. However, there was a slight decline in growth rate from 2023 to 2024 at -13.7%, suggesting a potential shift in market dynamics that should be closely monitored for future developments.
The Liquid Nitrogen market in Grenada is projected to grow at a negative growth rate of -1.96% by 2027, within the North America region led by United States of America, along with other countries like Canada, Trinidad and Tobago, Jamaica and Bahamas, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

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 Grenada Liquid Nitrogen Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Liquid Nitrogen Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Liquid Nitrogen Market - Industry Life Cycle |
3.4 Grenada Liquid Nitrogen Market - Porter's Five Forces |
3.5 Grenada Liquid Nitrogen Market Revenues & Volume Share, By End-Use Industry, 2021 & 2031F |
3.6 Grenada Liquid Nitrogen Market Revenues & Volume Share, By Storage, Distribution and Transportation, 2021 & 2031F |
3.7 Grenada Liquid Nitrogen Market Revenues & Volume Share, By Function, 2021 & 2031F |
3.8 Grenada Liquid Nitrogen Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F |
4 Grenada Liquid Nitrogen Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for liquid nitrogen in the healthcare sector for cryotherapy and medical applications. |
4.2.2 Growing use of liquid nitrogen in the food and beverage industry for freezing and chilling applications. |
4.2.3 Rising adoption of liquid nitrogen in the electronics industry for cooling purposes. |
4.3 Market Restraints |
4.3.1 High initial investment required for setting up liquid nitrogen production and storage facilities. |
4.3.2 Limited availability of skilled workforce for handling liquid nitrogen safely. |
4.3.3 Environmental concerns related to the production and transportation of liquid nitrogen. |
5 Grenada Liquid Nitrogen Market Trends |
6 Grenada Liquid Nitrogen Market Segmentations |
6.1 Grenada Liquid Nitrogen Market, By End-Use Industry |
6.1.1 Overview and Analysis |
6.1.2 Grenada Liquid Nitrogen Market Revenues & Volume, By Chemicals & pharmaceuticals, 2021-2031F |
6.1.3 Grenada Liquid Nitrogen Market Revenues & Volume, By Food & beverage, 2021-2031F |
6.1.4 Grenada Liquid Nitrogen Market Revenues & Volume, By Healthcare, 2021-2031F |
6.1.5 Grenada Liquid Nitrogen Market Revenues & Volume, By Metal manufacturing & construction, 2021-2031F |
6.1.6 Grenada Liquid Nitrogen Market Revenues & Volume, By Rubber & Plastic, 2021-2031F |
6.1.7 Grenada Liquid Nitrogen Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Liquid Nitrogen Market, By Storage, Distribution and Transportation |
6.2.1 Overview and Analysis |
6.2.2 Grenada Liquid Nitrogen Market Revenues & Volume, By Cylinder & packaged distribution, 2021-2031F |
6.2.3 Grenada Liquid Nitrogen Market Revenues & Volume, By Merchant liquid distribution, 2021-2031F |
6.2.4 Grenada Liquid Nitrogen Market Revenues & Volume, By Tonnage distribution, 2021-2031F |
6.3 Grenada Liquid Nitrogen Market, By Function |
6.3.1 Overview and Analysis |
6.3.2 Grenada Liquid Nitrogen Market Revenues & Volume, By Coolant, 2021-2031F |
6.3.3 Grenada Liquid Nitrogen Market Revenues & Volume, By Refrigerant, 2021-2031F |
6.4 Grenada Liquid Nitrogen Market, By Manufacturing Process |
6.4.1 Overview and Analysis |
6.4.2 Grenada Liquid Nitrogen Market Revenues & Volume, By Cryogenic distillation, 2021-2031F |
6.4.3 Grenada Liquid Nitrogen Market Revenues & Volume, By Pressure swing adsorption, 2021-2031F |
7 Grenada Liquid Nitrogen Market Import-Export Trade Statistics |
7.1 Grenada Liquid Nitrogen Market Export to Major Countries |
7.2 Grenada Liquid Nitrogen Market Imports from Major Countries |
8 Grenada Liquid Nitrogen Market Key Performance Indicators |
8.1 Average price of liquid nitrogen in the Grenada market. |
8.2 Number of new applications or industries adopting liquid nitrogen. |
8.3 Investments in research and development for innovative uses of liquid nitrogen. |
9 Grenada Liquid Nitrogen Market - Opportunity Assessment |
9.1 Grenada Liquid Nitrogen Market Opportunity Assessment, By End-Use Industry, 2021 & 2031F |
9.2 Grenada Liquid Nitrogen Market Opportunity Assessment, By Storage, Distribution and Transportation, 2021 & 2031F |
9.3 Grenada Liquid Nitrogen Market Opportunity Assessment, By Function, 2021 & 2031F |
9.4 Grenada Liquid Nitrogen Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F |
10 Grenada Liquid Nitrogen Market - Competitive Landscape |
10.1 Grenada Liquid Nitrogen Market Revenue Share, By Companies, 2024 |
10.2 Grenada Liquid Nitrogen Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |