PUBLISHER: Allied Market Research | PRODUCT CODE: 1140252
PUBLISHER: Allied Market Research | PRODUCT CODE: 1140252
The global industrial nitrogen market was valued at $3.47 billion in 2021, and is projected to reach $5.71 billion by 2031, growing at a CAGR of 5.2% from 2022 to 2031.
Nitrogen can be produced for industrial usage through different methods including polymeric membrane, fractional distillation, and pressure swing adsorption. Major application industries of industrial nitrogen are food packaging, pharmaceutical, petroleum, metal manufacturing, and chemical plants. The characteristic of nitrogen to displace oxygen primarily in food packaging, mining, and chemical plants is propelling the market growth.
For the purpose of analysis, the industrial nitrogen market scope covers form, application, and region. The report outlines the details about industrial nitrogen forms including compressed gas and liquid nitrogen. The use of industrial nitrogen in various end-use industries, including metal manufacturing and fabrication, oil and gas, pharmaceutical and healthcare, chemical, food and beverage, electronics, and others are analyzed in the report. Moreover, it analyzes the current market trends of industrial nitrogen across different regions such as North America, Europe, Asia-Pacific, and LAMEA and suggests the future growth opportunities.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter's five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. Value chain analysis for this industry, which includes R&D, components manufacturers, assembly, programming & testing, marketing & sales, customers, and post-sales services, is explained. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain intense competition in the industry.
In addition, the report covers profiles of key industry participants such as Air Products and Chemicals, Inc.; Axcel Gases; Dubai Industrial Gases; Ellenbarrie Industrial Gases Ltd; Gulf Cryo; Linde plc; Messer Group; nexAir; Omega Air; Parker Hannifin Corp.; Praxair; Southern Industrial Gas; Taiyo Nippon Sanso; Universal Industrial Gases, Inc.; and Yingde Gases Group.
Key Benefits For Stakeholders
Key Market Segments
By Form
By Application
By Region