Increasing development in the global healthcare sector due to technological advancement is expected to continue to drive global industrial nitrogen market growth.
The industrial nitrogen market is expected to be valued at USD 29.36 billion in 2027 from USD 18.70 billion in 2019, registering a CAGR of 5.7% through the forecast period, according to a current report by Emergen Research. Liquid nitrogen is commonly used as it helps to ensure and preserve product sterility in the packaging of medical items. Before it is sealed, high purity nitrogen gas is added into the packaging, thereby providing a sterile atmosphere for the preservation and protection of goods during transport and storage. Examples of items commonly packaged with nitrogen gas are examination kits for physicians’ offices, blood supplies, specimen tanks, and other medical equipment.
Nitrogen generators are systems that produce nitrogen gas of high quality and are used in laboratories and hospitals for medical equipment. It is simpler to use and easier to handle nitrogen generators than high-force cylinders. In order to regulate the amount of oxygen in the workspace, labs, or an entire enclosed environment, these generators can be used. Generators of nitrogen are highly active and effective and produce a supply of nitrogen from the air around them. These systems not only increase the safety of laboratories, but also lower costs and allow for greater sterility and laboratory operating standards.
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The study relies heavily on both qualitative and quantitative to generate, interpret and analyze raw data about the target market, product or services offered and prominent market players operating in the Industrial Nitrogen market for the forecast period, 2020 – 2027.
Industrial Nitrogen Market Key Highlights from Report
Linde Group and Praxair came together in October 2018 to form a single company with a USD 90 billion market value. In addition, the deal will further consolidate the industrial nitrogen sector by being a multinational power in terms of geographical footprint.
Chart Industries, Inc. completed the acquisition of the intellectual property, facilities, and related properties of the Microbulk cryogenic tank from IC Biomedical in November 2020. (ICB). In addition, to Chart Industries’ specialty product offering, the acquisition introduces a modern, powerful engineered food processing tank. In food plants, these tanks are used to drive liquid nitrogen into the process of mixing chicken nuggets.
Asia Pacific accounted for the largest share of global industrial nitrogen industry sales in 2019, and revenue share during the forecast period is expected to record the highest CAGR. Demand for industrial nitrogen for food processing and packaging applications has increased as a result of rising demand for food, powered by a rapidly growing global population in the region’s countries, as well as increasing disposable incomes, evolving lifestyles, improving consumer living standards, and rapid industrialization.
Key players operating in the market include 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.
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For the purpose of this report, Emergen Research has segmented the global industrial nitrogen market based on form, production technology, distribution and transportation, end-user, and region:
Form Outlook (Revenue, USD Billion; 2020-2027)
Industrial Nitrogen Market Production Technology Outlook (Revenue, USD Billion; 2020-2027)
Cryogenic Fractional Distillation
Pressure Swing Adsorption
Industrial Nitrogen Market Distribution and Transportation Outlook (Revenue, USD Billion; 2020-2027)
Tonnage or Pipeline
Industrial Nitrogen Market End-User Outlook (Revenue, USD Billion; 2020-2027)
Food and Beverage
Oil and Gas
Industrial Nitrogen Market Industrial Nitrogen Market Regional Outlook (Revenue, USD Billion; 2020–2027)
Middle East & Africa
Table of Content
Chapter 1. Industrial Nitrogen Market Methodology & Sources
1.1. Industrial Nitrogen Market Definition
1.2. Industrial Nitrogen Market Research Scope
1.3. Industrial Nitrogen Market Methodology
1.4. Industrial Nitrogen Market Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Industrial Nitrogen Market Key Insights
Chapter 4. Industrial Nitrogen Market Segmentation & Impact Analysis
4.1. Industrial Nitrogen Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
18.104.22.168. Growing adoption of the Industrial Nitrogen in e-commerce
22.214.171.124. Reduces overall cost
4.2.3. Market restraints analysis
126.96.36.199. Limited support platform for market hardware and software
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Industrial Nitrogen Market By Offering Insights & Trends Revenue (USD Million)
Chapter 6. Industrial Nitrogen Market By Application Insights & Trends Revenue (USD Million)
Chapter 7. Industrial Nitrogen Market By End-User Insights & Trends Revenue (USD Million)
Chapter 8. Industrial Nitrogen Market By Industry Vertical Insights & Trends Revenue (USD Million)
Chapter 9. Industrial Nitrogen Market Regional Outlook
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