Industrial Nitrogen Market Trends 2020 Demand, Industry Size, Share, Growth Status, Top Manufacturers Analysis, CAGR Status, Future Scope and Forecast to 2027

Industrial Nitrogen Market

The industrial nitrogen market is expected to reach value of USD 29.36 Billion by 2027, according to a current analysis by Emergen Research. Ammonia, nitric acid, cyanides, nitrates, and oxides are primarily produced using nitrogen, an odourless and colourless chemical molecule. Additionally, it is used in the production of fertilisers, pharmaceutical medications like antibiotics, and a variety of food and beverage sectors.

Because of its improved process efficiency, nitrogen is predicted to be used more frequently in the oil and gas sector for well stimulation, inertization, and drilling, which is anticipated to be a key driver of growth for the industrial nitrogen sector. A additional factor driving the expansion of the industrial nitrogen market is the increase in the use of industrial nitrogen in the food and beverage sector for modified environment packaging applications to replace oxygen-containing air with nitrogen and reduce rancidity. The market for industrial nitrogen is expected to rise, but high nitrogen production costs are expected to impede that expansion. On the other hand, rising demand for industrial nitrogen in the chemical industry is anticipated to open up attractive new market prospects.

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Key Highlights of Report and Developments

Praxair and Linde Group combined in October 2018 to form a single company with a market worth of USD 90 billion. By expanding its geographic reach to become a global power, the merger would help to further consolidate positions in the nitrogen industry.

The acquisition of the intellectual property, machinery, and associated assets for the Microbulk cryogenic tank from IC Biomedical was finished by Chart Industries, Inc. (NASDAQ: GTLS) in November 2020. (ICB). In addition, the acquisition expands Chart Industries’ line of speciality products to include a fresh, effective engineered food processing tank. In food processing facilities, these tanks are used to inject liquid nitrogen into the chicken nugget blending process.

Asia Pacific had the greatest revenue share of the global industrial nitrogen market in 2019; over the forecast period, this revenue share is expected to grow at the highest CAGR. Growing food demand, fueled by a rapidly expanding global population in these nations, as well as growing disposable income, changing lifestyles, raising living standards for consumers, and quick industrialization, have all contributed to an increase in the demand for industrial nitrogen for food processing and packaging applications.

Praxair, Air Products and Chemicals, Air Liquide, Linde, Taiyo Nippon Sanso, Cryotec, Bhuruka Gases Limited, Sudanese Liquid Air Company, Cross Country Infrastructure Services Inc., and Canair Nitrogen Inc. are some of the major competitors in the market.

Emergen Research has segmented the global industrial nitrogen market based on form, production technology, distribution and transportation, end-use, and region:

Form Outlook (Revenue, USD Billion; Volume: Million Metric Tons; 2020-2027)

  • Compressed
  • Liquid

Production Technology Outlook (Revenue, USD Billion; 2020-2027)

  • Cryogenic Fractional Distillation
  • Pressure Swing Adsorption
  • Membrane Separation

Distribution and Transportation Outlook (Revenue, USD Billion; 2020-2027)

  • Cylinders
  • Bulk
  • Tonnage or Pipeline

End User Outlook (Revenue, USD Billion; 2020-2027)

  • Metal Industry
  • Food and Beverages
  • Oil and Gas
  • Chemical
  • Electronics

Regional Outlook (Revenue, USD Billion; 2020-2027)

  • North America
    1. U.S.
    2. Canada
  • Europe
    1. Germany
    2. U.K.
    3. France
    4. BENELUX
    5. Rest of Europe
  • Asia Pacific
    1. China
    2. Japan
    3. South Korea
    4. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. UAE
    3. Rest of MEA

Browse Full Report Description + Research Methodology + Table of Content + Infographics @ https://www.emergenresearch.com/industry-report/industrial-nitrogen-market

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At Emergen Research, we believe in advancing with technology. We are growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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