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Liquid nitrogen market is highly diversified, many multinational giants, mid-scale and small-scale companies are operating in the market. This can be attributed to low capital requirement for the product manufacturing. In addition, liquid nitrogen is used in a diverse range of end-use industries. Some major players operating in the industry includes
Key companies are engaged in strategic mergers and acquisitions in order to expand their market share. For instance, In May 2016, Air Liquide completed the acquisition of Airgas Inc., one of the leading industrial gases & associated products and services supplier in U.S. This acquisition is likely to increase the company’s customer base in North America in industrial gases and liquid nitrogen market.