Global nitrogen market was worth USD 28.61 billion in 2021 and is anticipated to record a CAGR of 4% over the forecast duration 2022-2030, thereby accumulating USD 43.28 billon by the end of the analysis timeline.
Nitrogen is an inert gas that is colourless, non-flammable, and odourless. In liquid or compressed form, it is employed in a range of industries for a variety of applications. Nitrogen is commonly used to substitute air in order to minimise oxidation of goods, including food. It’s also used to generate nitric acid, fertilisers, explosives, nylon, and colours through a variety of chemical processes.
Nitrogen is a colourless, odourless chemical compound that is commonly used in the production of nitric acid, nitrates, ammonia, cyanides, and oxides. It is also widely used in the fertiliser, food, and beverage industries, as well as in the development of pharmaceutical medications such as antibiotics. Nitrogen gas is used in a wide range of industries for a variety of applications. Industrial nitrogen use has gained in popularity around the world due to its inexpensive cost. Because to technological advances, industrial nitrogen is now a cost-effective solution for a wide range of industries.
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The extensive usage of liquid nitrogen as a chilling agent in various end-use industries such as food and beverage and pharmaceutical industries is a major factor driving the worldwide liquid nitrogen market. With fast modernisation, packaged food has become increasingly popular, and there is a growing worry about food preservation. Because liquid nitrogen is chemically inert, it is useful for cooling and freezing food products, extending their shelf life. Liquid nitrogen is also widely utilised in the medical and health-care industries to treat a variety of skin disorders. Liquid nitrogen is mostly supplied as an inorganic chemical, and demand for it is likely to rise during the projection period due to its wide range of applications.
Global Nitrogen Market- Segmental Analysis
Key Players:-
- Linde Group
- Praxair Inc.
- Air Products and Chemicals
- Messer Group
- Southern Industrial Gas Berhad
- Taiyo Nippon Sanso Corporation
- Gulf Cryo
- Emirates Industrial Gases Co. LLC
- nexAir
- CanAir Nitrogen,
- Chengdu Taiyu Industrial Gases,
- Universal Industrial Gases,
- Yingde Gases Group Company,
- Aspen Air Corp,
- Sudanese Liquid Air Company,
- Yingde Gases Group,
- Ellenbarrie Industrial Gases,
- Conair Nitrogen Inc
By Product
- Compressed gas
- Liquid Nitrogen
By End Use
- Petrochemical
- Oil & Gas
- Metal Manufacturing & Fabrication
- Food & Beverage
- Chemical
- Electronics
- Pharmaceutical & Healthcare
- Others
By Application
- Commercial Use
- Industrial Use
- Science and Research
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Table of Contents
- Introduction and Market Overview
- Executive Summary
- Trends, Outlook, and Factors Analysis
- Estimates & Historic Trend Analysis (2018 to 2021)
- Estimates & Forecast Trend Analysis, by Deployment
- Estimates & Forecast Trend Analysis, by Component
- Estimates & Forecast Trend Analysis, by Content Type
- Estimates & Forecast Trend Analysis, by End Use
- Analysis and Forecast, by Region
- North America Nitrogen Market: Estimates & Forecast Trend Analysis
- Europe Nitrogen Market: Estimates & Forecast Trend Analysis
- Asia Pacific Nitrogen Market: Estimates & Forecast Trend Analysis
- Middle East & Africa Nitrogen Market: Estimates & Forecast Trend Analysis
- Latin America Nitrogen Market: Estimates & Forecast Trend Analysis
- Competitive Landscape
- Company Profiles
- Assumptions and Research Methodology
- Conclusions and Recommendations
Key benefits of the report:
This study presents the analytical depiction of the global liquid this market along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global liquid nitrogen market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight this market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed this market analysis based on competitive intensity and how the competition will take shape in coming years.
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