Press release
Strong Growth Ahead: Industrial Nitrogen Market Size To Grow At Arecord 7% Cagr By 2029
Industrial Nitrogen
How Big Is the Industrial Nitrogen Market Size Expected to Be by 2034?
Over the past few years, there has been significant growth in the industrial nitrogen market. This market, initially valued at $20.13 billion in 2024, is projected to increase to $21.47 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.7%. The surge in the market during the historical period is due to factors such as increased industrialization, escalating demand in the chemical industry, advances in metal manufacturing, and expansion of food and beverage industry.
The market size of industrial nitrogen is predicted to experience significant expansion in the forthcoming years. It is anticipated to escalate to a whopping $28.16 billion by 2029, with a compound annual growth rate (CAGR) of 7.0%. The expansion during the forecasted period is due to several factors such as the booming electronics industry, healthcare applications, energy sector, and environmental laws. The forecast period will also see major trends such as the production of green nitrogen, advancements in technology, increased usage in the pharmaceutical sector, on-site nitrogen production, digitalization and automation, and strategic alliances and partnerships.
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What Are the Emerging Segments Within the Industrial Nitrogen Market?
The industrial nitrogen market covered in this report is segmented -
1) By Form: Compressed Gas, Liquid Nitrogen
2) By Grade: High Purity, Low Purity
3) By Technology: Cryogenic Fractional Distillation, Pressure Swing Adsorption, Membrane Separation
4) By Transportation And Distribution: Bulk, Cylinder And Packed Gas, Tonnage Or Pipeline
5) By End Use Industry: Petrochemical, Oil And gas, Metal Manufacturing And Fabrication, Food And Beverage, Electronics, Pharmaceutical And Healthcare, Chemical
Subsegments:
1) By Compressed Gas: High-Pressure Nitrogen Gas, Standard Nitrogen Gas
2) By Liquid Nitrogen: Dewar-Container Liquid Nitrogen, Bulk Liquid Nitrogen
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What Long-Term Drivers Are Shaping Industrial Nitrogen Market Trends?
The expansion of the food and beverage sector plays a significant role in boosting the industrial nitrogen market. Nitrogen is employed widely in this industry, being a crucial element in commercial food and beverage production processes to enhance the longevity of the freshness of these items. However, the ongoing Russia-Ukraine conflict has brought about unexpected disruptions to potential global economic recovery following the COVID-19 pandemic, at least for the short term. This strife has resulted in several countries facing economic sanctions, spikes in the price of commodities, and interruptions in the supply chain, all of which negatively impact numerous markets globally. Specifically, in April 2024, the United States Department of Agriculture (USDA), a Federal agency based in the US, noted that there was an increase in food expenditures which rose to 12.4% in 2022, securing the third spot following housing (33.3%) and transportation (16.8%). This trend saw a rise compared to 2021 in expenditure in various sectors such as savings, food, transportation, insurance, and clothing. Thus, it is anticipated that the thriving food and beverage industry will further stimulate the growth of the industrial nitrogen market in the forthcoming period.
Who Are the Top Competitors in Key Industrial Nitrogen Market Segments?
Major companies operating in the industrial nitrogen market include Praxair Technology Inc., Air Products And Chemicals Inc., Air Liquide S. A., Linde plc, Nippon Sanso Holdings Corporation, Cryotec Anlagenbau GmbH, Bhuruka Gases Limited, Sudanese Liquid Air Co. Ltd., Canair Nitrogen Inc., The Messer Group GmbH, Nexair LLC, Gulf Cryo, Southern Industrial Gas Sdn. Bhd., Universal Industrial Gases Inc., Yingde Gases Group Company, Ellenbarrie Industrial Gases Ltd., Bombay Oxygen Corporation Ltd., Emirates Industrial Gases Co. LLC, Chengdu Taiyu Industrial Gases Co. Ltd., Aspen Air Corporation, Cryomech Inc., MVS Engineering Pvt. Ltd., Cryogenic Industries Inc., AMCS Corporation, Statebourne Cryogenics Ltd., Asia Industrial Gases Pte. Ltd., Sutton-Garten Co.
What Industrial Nitrogen Market Trends Are Gaining Traction Across Different Segments?
Leading firms in the industrial nitrogen market are prioritizing technology innovation, such as the development of nitrogen leaching monitoring systems, to enhance their market profitability. Nitrogen leaching monitoring refers to the ability to gauge and trace the path of nitrogen as it moves through soil into groundwater or body of water on the surface. Industrial monitoring can employ a variety of analysis methods and tracking systems to identify and quantify nitrogen traces in waste streams, soil, and water sources. This ensures environmental impacts are reduced and regulatory guidelines are adhered to. For example, in August 2022, CropX Technologies, Ltd, a company based in Israel that primarily develops digital solutions for precision farming, unveiled their nitrogen leaching monitoring system. They are vital for efficient farm and environmental management, offering accurate measurement and monitoring of nitrogen flow in the soil. This is a critical component in keeping the environment safe, particularly in farming where surplus nitrogen may result in water contamination and other environmental dangers.
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Which Regions Are Becoming Hubs for Industrial Nitrogen Market Innovation?
Asia-Pacific was the largest region in the Industrial Nitrogen market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial nitrogen market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Industrial Nitrogen Market?
2. What is the CAGR expected in the Industrial Nitrogen Market?
3. What Are the Key Innovations Transforming the Industrial Nitrogen Industry?
4. Which Region Is Leading the Industrial Nitrogen Market?
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Nitrogen Generation (Nitrogen Generator)
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