Global Industrial Nitrogen Market Analysis 2024, Forecast To 2033
21 Feb, 2024
Industrial nitrogen market size has increased, from $18.94 billion in 2023 to $20.26 billion in 2024, with a 7.0% CAGR. Projections indicate growth to $26.09 billion in 2028, with a 6.5% CAGR. Trends include green nitrogen production and increased application in healthcare.
Global Industrial Nitrogen Market Key Driver
The industrial nitrogen market is growing, fueled by the expanding food and beverage industry. Nitrogen is widely used in the food and beverage sector for modified atmosphere packaging, extending the shelf life of products. The global food and beverage market is expected to grow from $6,196.1 billion in 2021 to $8,641.0 billion in 2026. The increasing demand for food and beverage products is a key factor driving the industrial nitrogen market.
Get A Free Sample Of The Global Industrial Nitrogen Market ReportGlobal Industrial Nitrogen Market Segments
The industrial nitrogen market covered in this report is segmented –
1)By Form: Compressed Gas, Liquid Nitrogen
2)By Grade: High Purity, Low Purity
3)By Technology: Cryogenic Fractional Distillation, Pressure Swing Adsorption, Membrane Separation
4)By Transportation And Distribution: Bulk, Cylinder And Packed Gas, Tonnage/Pipeline
5)By End Use Inustry: Petrochemical, Oil And gas, Metal Manufacturing And Fabrication, Food And Beverage, Electronics, Pharmaceutical And Healthcare, Chemical
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacificwas the largest region in the Industrial Nitrogen market in 2023. Asia-Pacificis expected to be the fastest-growing region in the forecast period. The regions covered in the industrial nitrogen market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Industrial Nitrogen Industry Players
Praxair Technology Inc.; Air Products And Chemicals Inc.; Air Liquide S. A.; Linde plc; Nippon Sanso Holdings Corporation; Cryotec Anlagenbau GmbH; Bhuruka Gases Limited; Sudanese Liquid Air Co. Ltd.; Canair Nitrogen Inc.; The Messer Group GmbH; Nexair LLC; Gulf Cryo; Southern Industrial Gas Sdn. Bhd.; Universal Industrial Gases Inc.; Yingde Gases Group Company; Ellenbarrie Industrial Gases Ltd.; Bombay Oxygen Corporation Ltd.; Emirates Industrial Gases Co. LLC; Parker Hannifin Corporation; Chengdu Taiyu Industrial Gases Co. Ltd.; Aspen Air Corporation; Cryomech Inc.; MVS Engineering Pvt. Ltd.; Cryogenic Industries Inc.; AMCS Corporation; Statebourne Cryogenics Ltd.; Asia Industrial Gases Pte. Ltd.; Rigaku Corporation; Sutton-Garten Co.; RMA Armament Inc.
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Industrial Nitrogen Market Overview
Industrial nitrogen is a colorless, odorless, and chemically inert gas. It is used in industrial applications where chemical cross-reactivity between substrates is undesirable, such as food processing, beverage and brewery industries, oil and gas recovery, and others.
Industrial Nitrogen Global Market Report 2023 provides data on the global industrial nitrogen market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The industrial nitrogen market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.