Press release
Nitrogen Market Competitive Scenario of Leading Key Players 2018 and 2025 | Praxair (US), Air Products and Chemicals (US), Air Liquide (France), Linde (Germany), Taiyo Nippon Sanso (Japan), Messer group (Germany), Nexair LLC (US), Gulf Cyro (Kuwait)
Nitrogen
About the Nitrogen Market:
Nitrogen is an odorless, colorless chemical element and is an important raw material in most industrial compounds. Nitrogen is mostly used in the form of fertilizers which are synthetically manufactured. Increased attention towards developing bio –based agrochemicals such as nitrogen fixation biofertilizers are expected to provide new opportunities for the growth of the Nitrogen market.The Nitrogen market outlook has helped in segmenting Nitrogen on various factors. On the basis of form it can be segmented as compressed gas and liquid nitrogen. The compressed gas is the leader and is contributes maximum share in Nitrogen market. This is due to its use in large number of industries to store petroleum liquefied explosive.
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Nitrogen Market Competition by TOP PLAYERS, with Nitrogen sales volume, price, revenue (Million USD) and market share for each manufacturer/player; the top players including: Praxair (US), Air Products and Chemicals (US), Air Liquide (France), Linde (Germany), Taiyo Nippon Sanso (Japan), Messer group (Germany), Nexair LLC (US), Gulf Cyro (Kuwait)
Scope of the Report (Overlook 2018-2025):
The Nitrogen Market analysis reflects a clear growth in the forecast period. However factors such as structural and regulatory restrictions are hampering the growth of industrial nitrogen market. Furthermore, high cost of production and uncertain ROIs and growth unproductivity are also some factors effecting the market growth.
The liquid nitrogen market is segmented into food and beverages, pharmaceuticals, healthcare, electronics, metal manufacturing and fabrication chemical, oil & gas, petrochemical, and others (construction, automotive, R&D, rubber, and plastic). Industrial nitrogen market is growing due to its feature that creates a dry atmosphere resulting in foodstuff being fresh and not perishing. Based on the end-user, nitrogen can be segmented into food and beverages, pharmaceuticals and healthcare, electronics and metal manufacturing & fabrication, chemical, oil & gas, petrochemical, and others (construction, automotive, R&D, rubber, and plastic). The food and beverage industry contributed for the largest market share in 2017.
North America is expected to have the largest market share and govern the market for liquid nitrogen during the forecast period. Asia-Pacific offers potential growth opportunities, as developing countries such as China and India are proposed to be emerging markets. This would make the Asia-Pacific region the fastest-growing market for liquid nitrogen. The growth of the liquid nitrogen market in this region is driven by factors such as the growth of the metal manufacturing & fabrication industry, rise in demand for electronic products from the rising population, and due to economic development.
In this study the year considered to estimate the market size of Nitrogen Market are as follows:
• History Year: 2014-2018
• Base Year: 2018
• Estimated Year: 2018
• Forecast Year: 2018 to 2025
The various segments of Nitrogen Market are,
End Users:
Metal manufacturing & fabrication
Oil & gas
Petrochemical
Pharmaceutical & healthcare
Chemical
Food & beverages
Electronics
Form:
Gas
Liquid
Applications:
Adhesives
Sealants used as rubber roof repair
Tubeless tire liners
Regions:
North America (USA, Canada)
Europe (Germany, France, UK and Italy)
Asia Pacific (China, India, Japan, Australia)
Latin America (Argentina, Brazil)
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