Industrial Nitrogen Market by Metal manufacturing, Food & beverage Applications to 2023 - Rear Excessive Growth Estimated by Key Top Players Form, Transportation & Distribution, Technology, End User Industry and Region

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The report aims at estimating industrial nitrogen market size and future growth potential of the industrial nitrogen market across different segments form, transportation & distribution, technology, end-use industry, and region. It also provides detailed information regarding the main factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges).

Industrial Nitrogen Market was valued at USD 15.03 Billion in 2017 and is expected to reach USD 19.96 Billion by 2022. The market is projected to grow at a CAGR of 5.83% during the forecast period. The base year considered for the study is 2016, and the market size is projected from 2017 to 2022.

The various key players profiled in the report are as follows:
• Praxair (US),
• Air Products and Chemicals (US),
• Air Liquide (France),
• Linde (Germany),
• TaiyoNippon Sanso (Japan).
• Messer Group (Germany),
• Nexair LLC (US),
• Gulf Cryo (Kuwait).
• Emirates Industrial Gases (UAE),
• Southern Industrial Gas (Malaysian)

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It aims to study the individual growth trends, prospects, and contribution of the various segments to the total market. The study also analyzes the opportunities in the market for stakeholders and details of the competitive landscape of market leaders. It also strategically profiles the key players and comprehensively analyzes their core competencies.

The distribution of primary interviews is as follows:
• By Company Type: Tier 1 –35%, Tier2 –30%, and Tier 3 –35%
• By Designation: Manager Level – 61%, C Level – 39%
• By Region: North America –15%,Europe – 21%, Asia Pacific – 51%,South America–5%, Middle East & Africa – 8%

The research methodology used to estimate and forecast the industrial nitrogen market begins with capturing data on key vendor revenues through secondary research and associations such as the European Industrial Gases Association AISBL, US Environmental Protection Agency (IBEF), and the European Environment Agency. Vendor offerings are also taken into consideration to determine the market segmentation.

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The bottom-up procedure was employed to arrive at the overall size of the global industrial nitrogen market from the revenues of key players. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. These data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

Asia Pacific is projected to be the fastest-growing in the industrial nitrogen market, in terms of value and volume, followed by North America, Europe, and the Middle East & Africa. Asia Pacific is the hub of foreign investments with its booming manufacturing sectors, largely due to the low-cost labor and cheap availability of land. The increase in demand for industrial nitrogen can be attributed to the rising population of the region with high disposable incomes, which is driving the food &beverage industry in this region.

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