| 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 |
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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