Global Industrial Nitrogen Market

Global Industrial Nitrogen Market by Forms (Compressed Gas and Liquid Nitrogen), Technology (Cryogenic Fractional Distillation, Pressure Swing Adsorption, and Membrane Separation), Transportation & Distribution (Bulk, Cylinder & Packed Gas, and Tonnage/Pipeline), End-use Industries (Chemicals, Food & Beverages, Metal Manufacturing & Fabrication, Oil & Gas, Pharmaceuticals & Healthcare, Petrochemical, Electronics, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021-2028

  • Report ID: MC-2915
  • Author: Growth Market Reports
  • Rating: 4.5
  • Total Reviews: 3
  • No. Of Pages: 227
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  • Pub. Date: Upcoming
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The global industrial nitrogen market size is anticipated to expand at substantial CAGR of 6.24% and is projected to reach USD 27.72 billion during the forecast period, between 2021 and 2028. Industrial nitrogen is the 7th most abundant element that naturally occurs in the planet’s atmosphere. It is highly stable, versatile, as well as colorless and odorless, and is found in all living organisms and organic matter. It has the ability to construct multiple bonds with other elements and compounds. Additionally, industrial nitrogen gas is commonly used in the production of nitric acid, nitrates, oxides, cyanides, and ammonia, which are required for fertilization, explosives, and other materials commonly used in food (including perishable packaging without oxygen to increase the shelf life) and pharmaceuticals (storage of medicines and antibiotics). Industrial nitrogen is used in chemical blanketing (to prevent fires, and explosion by lowering oxygen level), laboratories (to ensure accuracy in test and results by controlling moisture, humidity, and maintaining temperature), laser cutting (helps in achieving strong stainless or aluminized steel produce), electronics (to reduce surface tension), and others.


Global Industrial Nitrogen Market

Market Trends, Drivers, Restraints, and Opportunities:

  • Rising trend of modernizing healthcare sector in developing countries is boosting the market.
  • Growing adoption of industrial nitrogen by various industries such as chemical, food & beverages, healthcare, pharmaceuticals, and research centers is driving the market.
  • Technological advancement such as food preservation technology, and development in cryogenic fraction distillation technology are fueling the market.    
  • Huge cost incurred in production and manufacturing process with uncertainty in return on investment are restricting the market growth.
  • Stringent rules and regulation, and structural restrictions for nitrogen production are hampering the growth of the market.
  • Growing demand from the chemical industry to perform research and development activities are creating opportunities for the growth of the market in the near future.     

Scope of the report:

The report on the global industrial nitrogen market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Industrial Nitrogen Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast

Base Year

2020

Historic Data

2018 & 2019

Forecast Period

2021–2028

Segmentation

Forms (Compressed Gas and Liquid Nitrogen), Technology (Cryogenic Fractional Distillation, Pressure Swing Adsorption, and Membrane Separation), Transportation & Distribution (Bulk, Cylinder & Packed Gas, and Tonnage/Pipeline), End-user Industries (Chemicals, Food & Beverages, Metal Manufacturing & Fabrication, Oil & Gas, Pharmaceuticals & Healthcare, Petrochemical, Electronics, and Others)

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Industrial Nitrogen Market Segment Insights:

Compressed Gas segment to drive the market

In terms of forms, the industrial nitrogen market is bifurcated into compressed gas and liquid nitrogen. The compressed gas segment held a considerable share of the market in 2020, due to its wide usage in various applications by large number of industries. Compressed nitrogen is an active element; hence, it is used to store petroleum liquified explosive and flammable materials. Being an inert gas, nitrogen is used to manufacture stainless steel. Thus, the compressed nitrogen gas segment is expected to expand at significant CAGR during the forecast period.


Global Industrial Nitrogen Market

Cryogenic Fraction Distillation segment to drive the market

Based on technology, the industrial nitrogen market is fragmented into cryogenic fractional distillation, pressure swing adsorption, and membrane separation. The cryogenic fraction distillation segment constituted a significant market share in 2020 and is projected to expand at a rapid rate during the forecast period. The growth in cryogenic fraction distillation technology is attributed to its process that is typically used in the production of high-purity commodities at high output rate. Furthermore, cryogenic fraction distillation technology helps in the production or manufacture of liquid and gaseous products. This technology is highly adopted, as its operation is based on different boiling points, depending upon several gases and the particular temperature required by them.  

Cylinders & Packaged Gas segment to drive the market

On the basis of transportation & distribution, the industrial nitrogen market is segregated into bulk, cylinders & packaged gas, and tonnage/pipeline. The cylinders & packaged gas segment is expected to hold a significant share of the market during the forecast period, due to continuous demand from hospitals. Nitrogen cylinders are built and designed based on required pressure and temperature specifications and norms. Cryogenic liquid cylinders are vacuum-jacketed and insulated pressure containers that are equipped with safety valves and rupture discs for protecting them from pressure surges.   


Global Industrial Nitrogen Market

Food & Beverages segment to drive the market

On the basis of end-use industries, the industrial nitrogen market is segregated into chemicals, food & beverages, metal manufacturing & fabrication, oil & gas, pharmaceuticals & healthcare, petrochemicals, electronics, and others. The others segment is sub-segmented into automotive, rubber, research & development, construction, and plastic industry. The food & beverages segment is expected to hold a significant share of the market during the forecast period, due to use of industrial nitrogen in the form of liquid, which creates a dry atmosphere around the foodstuffs to prevent perishing or spoilage by moisture, and maintains freshness of food. Industrial nitrogen is used for packaging and storing food & beverages to increase the shelf life.

High demand for packed food & beverages in Asia Pacific to drive the market

In terms of regions, the industrial nitrogen market is split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific constituted a significant share of the market in 2020, due to mergers and acquisitions conducted by key market players. The market in Asia Pacific is projected to expand at a significant CAGR during the forecast period, due to growing population associated with increasing demand for packaged beverages, and rapid industrialization particularly in industries such as food & beverages and healthcare in Asia Pacific. Additionally, increasing production of industrial nitrogen with improved production methods and processes, and high disposable income in the region aid the market growth in Asia Pacific.


Global Industrial Nitrogen Market  

Segments

Segments Covered in the Report:

By Forms

  • Compressed Gas
  • Liquid Nitrogen 

By Technology

  • Cryogenic Fractional Distillation
  • Pressure Swing Adsorption
  • Membrane Separation 

By Transportation & Distribution

  • Bulk
  • Cylinder & Packed Gas
  • Tonnage/Pipeline  

By End-use industries

  • Chemical
  • Food & Beverages
  • Metal Manufacturing & Fabrication
  • Oil & Gas
  • Pharmaceuticals & Healthcare
  • Petrochemical
  • Electronics
  • Others

By Regions

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

Competitive Landscape

Key players in the industrial nitrogen market include Air Products Inc, Aspen Air LLC, CanAir Nitrogen Inc, Chengdu Taiyu Industrial Gases Co Ltd, Ellenbarrie Industrial Gases, EPC Engineering & Technologies GmbH, Gulf Cryo, Industrial Gas Manufacturing, Merrer, NEXAIR, Praxair Technology, Inc, and Southern Industrial Gas Sdn Bhd. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Nitrogen Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Industrial Nitrogen Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Industrial Nitrogen Market - Supply Chain
  4.5. Global Industrial Nitrogen Market Forecast
     4.5.1. Industrial Nitrogen Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Industrial Nitrogen Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Industrial Nitrogen Market Absolute $ Opportunity
5. Global Industrial Nitrogen Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Industrial Nitrogen Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Industrial Nitrogen Demand Share Forecast, 2019-2026
6. North America Industrial Nitrogen Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Industrial Nitrogen Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Industrial Nitrogen Demand Share Forecast, 2019-2026
7. Latin America Industrial Nitrogen Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Industrial Nitrogen Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Industrial Nitrogen Demand Share Forecast, 2019-2026
8. Europe Industrial Nitrogen Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Industrial Nitrogen Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Industrial Nitrogen Demand Share Forecast, 2019-2026
9. Asia Pacific Industrial Nitrogen Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Industrial Nitrogen Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Industrial Nitrogen Demand Share Forecast, 2019-2026
10. Middle East & Africa Industrial Nitrogen Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Industrial Nitrogen Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Industrial Nitrogen Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Industrial Nitrogen Market: Market Share Analysis
  11.2. Industrial Nitrogen Distributors and Customers
  11.3. Industrial Nitrogen Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Segments Covered in the Report:

By Forms

  • Compressed Gas
  • Liquid Nitrogen 

By Technology

  • Cryogenic Fractional Distillation
  • Pressure Swing Adsorption
  • Membrane Separation 

By Transportation & Distribution

  • Bulk
  • Cylinder & Packed Gas
  • Tonnage/Pipeline  

By End-use industries

  • Chemical
  • Food & Beverages
  • Metal Manufacturing & Fabrication
  • Oil & Gas
  • Pharmaceuticals & Healthcare
  • Petrochemical
  • Electronics
  • Others

By Regions

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

Key players in the industrial nitrogen market include Air Products Inc, Aspen Air LLC, CanAir Nitrogen Inc, Chengdu Taiyu Industrial Gases Co Ltd, Ellenbarrie Industrial Gases, EPC Engineering & Technologies GmbH, Gulf Cryo, Industrial Gas Manufacturing, Merrer, NEXAIR, Praxair Technology, Inc, and Southern Industrial Gas Sdn Bhd. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

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