Industrial Nitrogen Market Global Industry Development, Business Demand by Linde Group , Air Products and Chemicals Inc. , Praxair Technology Inc., Ellenbarrie Industrial Gases , Universal Industrial Gases, Inc., CanAir Nitrogen Inc

Global Industrial Nitrogen Market: Information by Process (Fractional Distillation, Mechanical Separation), Type (Compressed Gas, Liquid), End-Use Industry (Food & Beverage, Healthcare, Agrochemicals, Metal Production, Others), Region—Forecast till 2023

Market Synopsis:-

Industrial nitrogen is high-purity nitrogen obtained either by the fractional distillation of air or mechanical separation. It is obtained in a liquid or gaseous form and finds application in various end-use industries such as food & beverage, healthcare, automotive, agrochemicals, metal production, and chemicals. Liquid nitrogen is a cryogenic liquid and hence is used as a coolant for high-temperature superconductors and in transportation of food products. Industrial nitrogen is used in the aerospace and aircraft industry in wind tunnels, heat treating furnaces, and autoclaves for creating strong and lightweight materials. Furthermore, the product is used in the chemicals industry for reactor cooling, as a pressurizing gas to propel liquid through pipelines, and to remove volatile organic compounds from the process stream.

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Top Players:-

Some of the leading players in the global industrial nitrogen market are the Linde Group (Germany), Air Products and Chemicals Inc. (US), Praxair Technology Inc. (US), Ellenbarrie Industrial Gases (India), Universal Industrial Gases, Inc. (US), CanAir Nitrogen Inc. (Canada), Messer Group GmbH (Germany), Parker Hannifin Corp. (US), Chengdu Taiyu Industrial Gases Co. (China), nexAir LLC (US), and EPC Engineering & Technologies GmbH (Germany)

Regional Analysis:-

The global industrial nitrogen market has been segmented into five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia-Pacific accounted for the largest share of the global industrial nitrogen market in 2017. This can be attributed to rapid industrialization and expanding population in the region. Moreover, the advancements in the healthcare sector in this region are likely to boost the demand for industrial nitrogen in the coming years. Also, the increasing use of ammonia-based fertilizers in agrarian countries to increase the fertility of land is expected to drive market growth during the forecast period.

North America and Europe are the other significant markets for industrial nitrogen. The growth of the metal production and construction industries in these regions are likely to drive the growth of the industrial nitrogen market. Lastly, the markets in Latin America and the Middle East & Africa are estimated to witness substantial growth during the forecast period.

Market Segmentation:-

The global industrial nitrogen market has been segmented on the basis of process, type, end-use industry, and region.

Based on process, the global industrial nitrogen market has been divided into fractional distillation, membrane separation, and pressure swing adsorption (PSA).

Based on type, the global industrial nitrogen market has been classified as compressed gas and liquid.

By end-use industry, the global industrial nitrogen market has been categorized as food & beverage, healthcare, agrochemicals, metal production, automotive, and others.

The global industrial nitrogen market has been studied with respect to five key regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Intended Audience:-

Industrial nitrogen manufacturers
Traders and distributors of industrial nitrogen
Research and development institutes
Potential investors
Raw material suppliers
Nationalized laboratories
The rapid growth of the steel and food & beverage industries is expected to fuel the demand for industrial nitrogen in the coming years. The expanding population have led to a significant demand for food products and a need to maintain quality and safety. Nitrogen helps keep food products fresh by reducing spoilage and discoloration. The growing concern for food safety and hygienic storage is likely to drive market growth during the review period. In addition, there is a considerable demand for the product as a cryogen in the healthcare sector to freeze and preserve cell tissue, blood, reproductive cells, and other samples. The significant growth of the healthcare sector due to various technological advances is likely to drive the growth of the industrial nitrogen market during the forecast period. Moreover, nitrogen gas is used in fire suppression systems, production of fertilizers, manufacture of stainless steel, aircraft fuel systems to reduce fire hazards, and to inflate racecar and aircraft tires. The use of liquid-nitrogen based engines in the automotive industry, as a zero-emission alternative to diesel engines, is expected to propel the growth of the industrial nitrogen market in the coming years.

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