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Key Factor Supporting Industrial Nitrogen Market Development in 2025: Rising Food And Beverage Industry Drives Growth In The Industrial Nitrogen Market
Industrial Nitrogen
How Large Will the Industrial Nitrogen Market Size By 2025?
The size of the industrial nitrogen market has seen robust growth in the past few years. The market, which was worth $20.13 billion in 2024, is predicted to increase to $21.47 billion in 2025, indicating a Compound Annual Growth Rate (CAGR) of 6.7%. This substantial increase during the historic period can be traced back to factors such as the increase in industrialization, the demand in the chemical industry, metal manufacturing, as well as the food and beverage industry.
How Big Is the Industrial Nitrogen Market Size Expected to Grow by 2029?
In the coming years, the industrial nitrogen market is anticipated to experience robust expansion, reaching a projection of $28.16 billion in 2029, with a 7.0% compound annual growth rate (CAGR). The growth during the forecast period can be credited to the growth of the electronics sector, healT*HCare applications, energy sector, and environmental regulations. The forecast period also predicts major trends such as green nitrogen production, technological advancements, increased use in pharmaceuticals, on-site nitrogen generation, digitalization and automation, and strategic collaborations and partnerships.
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Which Key Market Drivers Powering Industrial Nitrogen Market Expansion and Growth?
The expansion of the food and beverage sector is stimulating the development of the industrial nitrogen market. Nitrogen is employed in the commercial processes of producing food and beverages. Its use in modified atmosphere packaging helps to extend the shelf life of industrially produced food products. The conflict between Russia and Ukraine has hindered any prospects for an immediate global economic rebound from the COVID-19 pandemic. This war has resulted in economic sanctions against various countries, spikes in commodity prices, and interruptions in supply chains, affecting numerous markets worldwide. For example, the United States Department of Agriculture (USDA), a US-based Federal agency, reported in April 2024 that food expenses rose to 12.4% in 2022, trailing behind housing (33.3%) and transportation (16.8%). This shows an increase in expenditures across savings, food, transportation, insurance, and clothing in comparison to 2021. Therefore, the escalating food and beverage sector is anticipated to boost the growth of the industrial nitrogen market in the upcoming period.
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Which Fast-Growing Trends Are Poised to Disrupt the Industrial Nitrogen Market?
Leading entities in the industrial nitrogen sector are directing their efforts towards the development of innovative technologies, including nitrogen leaching monitoring capabilities, in order to advance their profitability in the market. The ability to monitor nitrogen leaching implies the facilities to quantify and trace the progression of nitrogen as it travels through the soil and into groundwater or surface water. In the industrial context, monitoring capabilities can encompass a range of analytical techniques and surveillance systems utilized for detecting and quantifying nitrogen concentrations in by-products, soil, and water bodies. This ensures a lower environmental impact and compliance with regulatory norms. For example, in August 2022, CropX Technologies, Ltd, a firm based in Israel that is dedicated to developing and implementing digital precision agriculture solutions, introduced nitrogen leaching monitoring capability. This development is vital to both agriculture and environmental management as it allows for accurate measurement and tracking of nitrogen's movement in the soil. Excessive nitrogen is a notable concern in agriculture due to its potential to cause water pollution and related environmental problems.
What Are the Emerging Segments in 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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Who Are the Global Leaders in the Industrial Nitrogen Market?
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.
Which are the Top Profitable Regional Markets for the Industrial Nitrogen Industry?
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
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