Global Industrial Nitrogen Market Trends, Applications, Analysis, Growth, and Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global industrial nitrogen market in its upcoming report titled, “Global Industrial Nitrogen Market Trends, Applications, Analysis, Growth, and Forecast to 2027”. The global industrial nitrogen market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018 to 2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global industrial nitrogen market has been segmented on the basis of form, technology, transportation and distribution, end-use industry, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Nitrogen gas (N2) is a colorless, odorless gas which makes up roughly 78% of the earth's atmosphere. It is used in industry as a simple asphyxiant with inert quality making it useful in many applications where oxidation is not desired. Nitrogen gas is used for a wide range of industrial applications, from modified atmosphere packaging for perishable food products, to preventing fire and explosions in chemical plants.
Growing consumption of industrial nitrogen from food and beverage industry is major factor driving growth of the global industrial nitrogen market in the near future. Industrial nitrogen creates a dry atmosphere, so food stuffs do not perish due to moisture. It is also used to maintain freshness and increase the shelf life of products, which helps in the packaging and storage of food and beverages. In addition, increasing consumption of industrial nitrogen from chemical industry is another factor expected to propel growth of the target market in the near future.
However, increasing structural and regulatory restrictions related to industrial nitrogen are factors expected to limit growth of the global industrial nitrogen market over the forecast period.
Currently, market in Asia-Pacific accounts for highest market share in the global industrial nitrogen market in terms of revenue. This can be attributed rising population coupled with high disposable income in the region. In addition, increasing consumption of industrial nitrogen, owing to growing industrialization in the region is another factor expected to propel growth of target market over the forecast period. The market in Europe is also expected to witness significant growth over the forecast period, owing to increasing demand for industrial nitrogen, owing to growing modern healthcare facilities in the region. Also the market in Asia-Pacific is expected to register a CAGR of X.X% during the forecast period.
Global industrial nitrogen market segmentation:
- Compressed gas
- Liquid nitrogen
- Cryogenic fractional distillation
- Pressure swing adsorption
- Membrane separation
By transportation and distribution:
- Cylinder and packed gas
By end-use industry:
- Metal manufacturing & fabrication
- Oil & gas
- Pharmaceutical & healthcare
- Food & beverages
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Estimated Year 2020 Actual Year 2021 Forecast Period 2021–2030 Revenue in US$
- Praxair Inc.
- Air Products and Chemicals Inc.
- Air Liquide International S.A.
- Linde Aktiengesellschaft
- Taiyo Nippon Sanso Corporation
- Messer Group GmbH
- Nexair LLC
- Gulf Cryo Holding C.S.C.
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