Industrial Nitrogen Market Share, Size, Future Demand, Business Prospects, Leading Players Updates and Industry Analysis, 2022

Industrial Nitrogen Market
Industrial Nitrogen Market report provides whole assessment for those who are looking for Business expand in various regions, manufacturers, New entrants in the industry, Professional organisation/solutions providers, Government bodies, financial investors and private value firms.

The global industrial nitrogen market is set to register a high CAGR owing to increasing demand in the metal production and construction industries.

Market Overview

Industrial nitrogen is obtained in compressed gas or liquid form through the fractional distillation or mechanical separation of air. The product is widely used as a high-pressure gas in the steel industry for laser cutting of steel and other metals. The use of this gas provides a high-quality edge and prevents the corrosion of steel. In addition, it is used in brazing and welding. Moreover, industrial nitrogen finds application in the food & beverage, healthcare, and agrochemicals industries, among others.

Based on end-use industry, the global industrial nitrogen market has been segmented into food & beverage, healthcare, agrochemicals, metal production, automotive, and others. The metal production segment is expected to account for the largest share of the global industrial nitrogen market during the review period. The use of nitrogen in steel production as a high-pressure gas for laser cutting and to prevent the oxidation of steel is likely to boost product demand in the coming years.

The rapid growth of the steel and food & beverage industries is expected to fuel the demand for industrial nitrogen in the coming years. The expanding population have led to a significant demand for food products and a need to maintain quality and safety. Nitrogen helps keep food products fresh by reducing spoilage and discoloration.

Get Sample Copy of ” Industrial Nitrogen Market Research Report – Forecast to 2023″ @ https://www.marketresearchfuture.com/sample_request/6326 

Competitive Analysis

  • Linde Group
  • Products and Chemicals
  • Praxair Technology
  • Ellenbarrie Industrial Gases
  • Universal Industrial Gases
  • CanAir Nitrogen Inc
  • Messer Group GmbH
  • Parker Hannifin Corp
  • Chengdu Taiyu Industrial Gases Co
  • EPC Engineering 

The growing concern for food safety and hygienic storage is likely to drive market growth during the review period.  In addition, there is a considerable demand for the product as a cryogen in the healthcare sector to freeze and preserve cell tissue, blood, reproductive cells, and other samples. The significant growth of the healthcare sector due to various technological advances is likely to drive the growth of the industrial nitrogen market during the forecast period. Moreover, nitrogen gas is used in fire suppression systems, production of fertilizers, manufacture of stainless steel, aircraft fuel systems to reduce fire hazards, and to inflate racecar and aircraft tires. The use of liquid-nitrogen based engines in the automotive industry, as a zero-emission alternative to diesel engines, is expected to propel the growth of the industrial nitrogen market in the coming years.

Segmentation

Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa are the key regions studied for the global industrial nitrogen market.

On the basis of end-use industry, the global industrial nitrogen market has been classified into food & beverage, healthcare, agrochemicals, metal production, automotive, and others.

According to type, the global industrial nitrogen market has been divided into compressed gas and liquid.

Based on process, the global industrial nitrogen market has been segregated into fractional distillation, membrane separation, and pressure swing adsorption (PSA).

The global industrial nitrogen market has been classified on the basis of process, type, end-use industry, and region.  

Intended Audience

  • Industrial nitrogen manufacturers
  • Traders and distributors of industrial nitrogen
  • Research and development institutes
  • Potential investors
  • Raw material suppliers
  • Nationalized laboratories

DC Description

  • Cryogenic liquid
  • Refrigerant
  • Coolant
  • Industrial gas
  • PSA

Geographiical Analysis

The global industrial nitrogen market has been studied with respect to five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia-Pacific accounted for the largest share of global industrial nitrogen market in 2017. Rapid industrialization and expanding population are the leading factors driving market growth in this region. In addition, the increasing demand for industrial nitrogen in the food & beverage industry and healthcare sector is likely to propel product demand. The key markets in this region are China, India, Japan, and South Korea.

The other significant markets for industrial nitrogen are North America and Europe. Increasing metal production is likely to drive the growth of the industrial nitrogen market. The major contributor to the regional market in North America is the US owing to the high product demand in the metal production industry. The markets in Latin America and the Middle East & Africa are estimated to witness substantial growth during the forecast period with Turkey, Qatar, and Brazil accounting for major market shares.

TABLE OF CONTENTS

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/industrial-nitrogen-market-6326 

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat Of New Entrants

4.1.2 Bargaining Power Of Buyers

4.1.3 Threat Of Substitutes

4.1.4 Segment Rivalry

4.2 Value Chain/Supply Chain Of Industrial Nitrogen Market

5 Industry Overview Of Industrial Nitrogen Market

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/industrial-nitrogen-market-6326