Global Industrial Nitrogen Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Form;

Compressed Gas and Liquid Nitrogen.

By Technology;

Cryogenic Fraction Distillation, Membrane Separation, and Pressure Swing Adsorption.

By End-Use;

Food & Beverage, Petrochemical, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn645240276 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Industrial Nitrogen Market (USD Million), 2020 - 2030

In the year 2023, the Global Industrial Nitrogen Market was valued at USD 3,895.21 million. The size of this market is expected to increase to USD 5,703.98 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 5.6%.

The Global Industrial Nitrogen Market plays a crucial role across various industries due to nitrogen's unique properties as an inert, colorless, and odorless gas. Nitrogen is utilized extensively in manufacturing and processing operations, serving as a critical input for sectors such as chemicals and petrochemicals, healthcare and pharmaceuticals, food and beverage, metallurgy, electronics, and others. Its ability to create inert atmospheres, as well as its applications in cooling, purging, and blanketing, make nitrogen an essential component of many industrial processes.

In the chemicals and petrochemicals industry, nitrogen is used for purging, inerting, and blanketing to enhance safety and efficiency during production. The healthcare and pharmaceutical industries leverage nitrogen for cryogenic preservation, anesthesia, and sterilization applications. In the food and beverage industry, nitrogen is crucial for preserving the freshness and quality of products through modified atmosphere packaging and cryogenic freezing.

Additionally, nitrogen is an important part of the electronics industry, where it provides inert environments for semiconductor manufacturing and circuit board assembly. In metallurgy, nitrogen is used for heat treatments, surface hardening, and other processes to enhance metal properties. The market is poised for growth due to increasing demand from key industries and continuous advancements in nitrogen production and applications. As industries evolve and expand, the need for efficient and safe nitrogen usage is expected to drive market growth and innovation.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Form
    2. Market Snapshot, By Technology
    3. Market Snapshot, By End-Use
    4. Market Snapshot, By Region
  4. Global Industrial Nitrogen Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing demand for nitrogen in food and beverage processing and packaging
        2. Growth in the petrochemical and chemical industries worldwide
        3. Rising investments in healthcare and pharmaceutical industries
        4. Expanding electronics and semiconductor manufacturing sectors
        5. Rising use of nitrogen in oil and gas operations for purging and inerting
      2. Restraints
        1. Availability of alternative industrial gases
        2. Regional supply chain disruptions affecting nitrogen availability
        3. Energy-intensive nature of cryogenic fraction distillation processes
        4. Limited availability of skilled labor
        5. Potential safety risks associated with improper handling of nitrogen
      3. Opportunities
        1. Development of more energy-efficient nitrogen production technologies
        2. Integration of digital technologies for optimized nitrogen production
        3. Increased demand for nitrogen in medical applications such as cryosurgery
        4. Growth in research and development activities in nitrogen applications
        5. Rising demand for nitrogen in renewable energy sectors such as hydrogen production
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Industrial Nitrogen Market, By Form, 2022 - 2032 (USD Million)
      1. Compressed Gas
      2. Liquid Nitrogen
    2. Global Industrial Nitrogen Market, By Technology, 2022 - 2032 (USD Million)
      1. Cryogenic Fraction Distillation
      2. Membrane Separation
      3. Pressure Swing Adsorption
    3. Global Industrial Nitrogen Market, By End-Use, 2022 - 2032 (USD Million)
      1. Food & Beverage
      2. Petrochemical
      3. Others
    4. Global Industrial Nitrogen Market, By Geography, 2022 - 2032 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Linde (Germany)
      2. Air Products and Chemicals, Inc. (United States)
      3. Air Liquide S.A. (France)
      4. Praxair, Inc. (United States)
      5. Yara International ASA (Norway)
      6. Taiyo Nippon Sanso Corporation (Japan)
      7. Messer Group GmbH (Germany)
      8. Gulf Cryo (Bahrain)
      9. Air Water Inc. (Japan)
      10. Hangzhou Hangyang Co., Ltd. (China)
      11. Airgas, Inc. (United States)
      12. Parker Hannifin Corporation (United States)
      13. Matheson Tri-Gas, Inc. (United States)
      14. SOL Group (Italy)
      15. Nitrotec Industrias Metalúrgicas S.A. (Brazil)
      16. Calgaz (United Kingdom)
      17. Ellenbarrie Industrial Gases Ltd. (India)
      18. Cryotec Anlagenbau GmbH (Germany)
      19. Asia Technical Gas Co., Ltd. (Taiwan)
      20. Abdullah Hashim Industrial Gases & Equipment Co. Ltd. (Saudi Arabia)
  7. Analyst Views
  8. Future Outlook of the Market

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