PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1107125
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1107125
According to SPER Market Research, the Industrial Nitrogen global market is estimated to reach USD 29.78 billion by 2030 with a CAGR of 5.4%.
The market for industrial nitrogen comprises of companies (organizations, sole traders, and partnerships) that sell high-purity nitrogen derived through various techniques used in industries. Nitrogen gas is utilized in industrial applications where chemical cross-reactivity between substrates is undesired, such as food processing, the beverage and brewing industries, oil and gas recovery, and others since it is colorless, odorless, and chemically inert.
Compressed gas and liquid nitrogen are the two primary industrial nitrogen forms. In cylinders under pressure, compressed gas is kept. The non-reactive gas compressed nitrogen makes up 78% of the atmosphere. Both high purity and low purity industrial nitrogen are available in various grades.
The industrial nitrogen technologies include membrane separation, pressure swing adsorption, and cryogenic fractional distillation. Industrial nitrogen is utilized by end-users in the petrochemical, oil and gas, metal manufacture and fabrication, food and beverage, electronics, pharmaceutical and healthcare, chemical, and bulk, cylinder, and packed gas and tonnage/pipeline industries.
The market for industrial nitrogen is expanding as a result of the expansion of the food and beverage sector. In the manufacturing of commercial foods and beverages, nitrogen is used by the food and beverage industry. In modified atmosphere packaging, it keeps commercially produced food products fresh longer.
The COVID-19 epidemic is reducing demand for industrial nitrogen in a wide range of applications. Many governments throughout the world have imposed lockdowns to prevent the spread of the coronavirus. This has resulted in a slowdown and halt in manufacturing activities, limits on supply and transportation, and a delay in infrastructures, all of which have hampered demand for industrial nitrogen.
Air Liquide, Air Products and Chemicals, Aspen Air Corp., Bhuruka Gases Limited, Bombay Oxygen Corporation Ltd., Canair Nitrogen Inc., Cross Country Infrastructure Services Inc., Cryotec Anlagenbau GmbH, Ellenbarrie Industrial Gases, Emirates Industrial Gases Co. LLC, Gulf Cryo, Messer Group, Nexair LLC, Praxair Inc., Southern Industrial Gas Berhad, Sudanese Liquid Air Company, Taiyo Nippon Sanso Corporation, The Linde Group, Universal Industrial Gases, Yingde Gases Group Company.
Based on the Technology, Industrial Nitrogen Global Market is segmented as; Cryogenic Fractional Distillation, Pressure Swing Adsorption, Membrane separation.
Based on the Grade, Industrial Nitrogen Global Market is segmented as; High Purity, Low Purity.
Based on the Form, Industrial Nitrogen Global Market is segmented as; Compressed Gas, Liquid Nitrogen.
Based on the End User, Industrial Nitrogen Global Market is segmented as; Petrochemical, Oil and Gas, Metal manufacturing and Fabrication, Food and Beverages, Electronics, Pharmaceutical and Healthcare, Chemical.
Based on the Transportation, Industrial Nitrogen Global Market is segmented as; Bulk, Cylinder and Packed Gas, Tonnage/Pipeline.
The Industrial Nitrogen market is majorly driven by Asia Pacific. During the projected period, Asia Pacific is anticipated to have the quickest rate of growth in the worldwide industrial nitrogen market.