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Nitrogen Market Report Overview, Industry Trends, Scope, Size, Growth 2023 - 2032
Nitrogen Market
As per the nitrogen market report by The Business Research Company, The growing food and beverage industry contributes to the growth of the nitrogen market. Nitrogen gas is widely used in the food and beverage industry for packaging food items. Nitrogen gas eliminates oxygen contact with the food item, preventing the oxidation of food, thus increasing its shelf life. This prevents food spoilage and helps maintain its quality.
The global nitrogen market size will grow from $35.19 billion in 2022 to $38.95 billion in 2023 at a compound annual growth rate (CAGR) of 10.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global nitrogen market size is expected to grow from $57.79 billion in 2027 at a CAGR of 10.4%.
Read More On The Nitrogen Market Report Here:
https://www.thebusinessresearchcompany.com/report/nitrogen-global-market-report
Major competitors in the nitrogen market include Air Liquide, Linde Group, Praxair Inc., Air Products and Chemicals, Messer Group, Southern Industrial Gas Berhad, Taiyo Nippon Sanso Corporation, Gulf Cryo, Emirates Industrial Gases Co. LLC., and nexAir.
The nitrogen market is segmented -
• By Product Type: Compressed Gas, Liquid Nitrogen
• By Application: Commercial Use, Industrial Use, Science and Research
• By End User Industry: Petrochemical, Oil & Gas, Metal Manufacturing & Fabrication, Food & Beverage, Electronics, Pharmaceutical & Healthcare, Chemical, Other End Use Industries
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Nitrogen is a chemical substance used to replace air and reduce or eliminate the oxidation of materials, including food items. Nitrogen gas has no color, no odor, is inert, and is not flammable.
The Table Of Content For The Nitrogen Market Include:
1. Executive Summary
2. Nitrogen Market Characteristics
3. Nitrogen Market Trends And Strategies
4. Nitrogen Market - Macro Economic Scenario
5. Nitrogen Market Size And Growth
…
27. Nitrogen Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Nitrogen Market
29. Nitrogen Market Future Outlook and Potential Analysis
30. Appendix
The "Global Nitrogen Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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