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Industrial Nitrogen Market Statistics, Facts and Figures, Investment Trends, Key Players and Forecast by 2028 |Key Players: Taiyo Nippon Sanso Corporation, Gulf Cryo, Emirates Industrial Gases Co. LLC, Nexair LLC, and Air Products and Chemicals

08-04-2020 11:27 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: QUINCE MARKET INSIGHTS

Industrial Nitrogen Market

Industrial Nitrogen Market

Global Industrial Nitrogen Market Projected to Grow due to Increasing Applications in Food & Beverage, Pharmaceutical, and Other Industries

Nitrogen is valued both as a liquid for cooling and freezing and as gas for its inert. It is also extensively used to create ammonia, which is required for fertilizer, explosives, and other materials. Its unique properties to optimize performance and improve yields have led to its usage in several industries. Industrial Nitrogen has applications in aerospace & aircraft industry, Automotive & Transportation Equipment, Food & Beverage, Chemicals, Energy, Healthcare, Metal Production, Pharmaceutical & Biotechnology, Oil & Gas, Refining, and Welding & Metal Fabrication. Nitrogen generation can offer cost savings for manufacturers who shift from delivered liquid nitrogen service.

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Key Takeaways of the Industrial Nitrogen Market Study
1. The global industrial nitrogen market is increasingly propelled by the rising application of Liquid nitrogen, which is valued for coldness as well as inertness. It is an ideal coolant for certain applications such as food freezing. Liquid nitrogen is also used for manufacturing tires, plastics, certain metals, and even pharmaceuticals.
2. Rapid advancement in Industrial gas nitrogen has facilitated it usage in pharmaceuticals, chemicals, petroleum processing, steelmaking, glass and ceramic manufacture, pulp and paper manufacture, other metals refining and fabrication processes, and healthcare.
3. Asia Pacific might hold a vast potential in the global market in the coming few years. The growth in the regional market is expected to be propelled by the swift pace of industrialization, especially the growth in end-use industries such as in food and beverages.
4. The food & beverage segment accounted for the largest market share in 2017. Foodstuffs do not perish due to moisture as industrial nitrogen creates a dry atmosphere. It is also used to maintain freshness and increase the shelf life of products, which helps in the packaging and storage of food & beverages is driving the demand for industrial nitrogen in this sector.

Notable Development Trends to Open up New Horizons of Growth for Industrial Nitrogen Market
The leading companies in the market focus on product development as well as the acquisition in the market to enhance the market share in the global market during the forecast period.
1. July 16, 2019 - JPH Holdings, announced Nitrogen Services Division to service pipeline owners and operators.
2. 7 Nov 2019 - GEA launched its new nitrogen freezing pilot plant for bacteria. Giving food and dairy processors the opportunity to trial this new technology in their own plants before investing in production-scale equipment.

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Major points covered in the report:
1. Macroeconomic factors affecting the Industrial Nitrogen market and its potential
2. Industrial Nitrogen Market dynamics, such as drivers, challenges, and trends
3. Detailed value chain analysis of the Industrial Nitrogen market
4. The cost structure of the products and segments covered in the study
5. key product segments, regions and by major market participants are analyzed
6. Analysis of demand and supply, such as top manufacturing and consuming regions, overall trade scenario with imports/exports details
7. Analysis of the market structure, including a tier-wise categorization of key market participants
8. Competitive landscape of the Industrial Nitrogen market, including detailed profiles of the top players in this market

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Some of the major players in the Industrial Nitrogen market are Taiyo Nippon Sanso Corporation, Gulf Cryo, Emirates Industrial Gases Co. LLC, Nexair LLC, and Air Products and Chemicals.

Market Segmentation:
By Form:
• Compressed
• Liquid

By Technology:
• Cryogenic Fraction Distillation
• Pressure Swing Adsorption
• Membrane Separation

By Transportation & Distribution
• Pipeline
• Cylinders & Packaged Gas
• Others

By End-Use Industry
• Petrochemicals
• Healthcare
• Chemicals
• Food & Beverages
• Others

By Region:
• North America

o By Country (US, Canada, Mexico)
o By Form
o By Technology
o By Transportation & Distribution
o By End-Use Industry

• Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest Western of Europe)
o By Form
o By Technology
o By Transportation & Distribution
o By End-Use Industry

• Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Form
o By Technology
o By Transportation & Distribution
o By End-Use Industry

• Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Form
o By Technology
o By Transportation & Distribution
o By End-Use Industry

• Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Form
o By Technology
o By Transportation & Distribution
o By End-Use Industry

• Rest of the World
o By Region (South America, Africa)
o By Form
o By Technology
o By Transportation & Distribution
o By End-Use Industry

Reasons To Buy This Report:
• Market size estimation of the industrial nitrogen market on a regional and global basis
• The unique research design for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all possible segments helping every stakeholder in the market

Customization:
We provide customization of the study to meet specific requirements:
• By Segment
• By Sub-segment
• By Region/Country

Contact:
Quince Market Insights
Office No- A109
Pune, Maharashtra 411028
Phone: APAC +91 706 672 4848 / US +1 208 405 2835 / UK +44 1444 39 0986
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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