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2025-2034 Nitrogen Market Evolution: Disruptions, Innovations, and Untapped Opportunities
Nitrogen Market
Nitrogen Market Size Growth Forecast: What to Expect by 2025?
In the past few years, there has been a quick expansion in the size of the nitrogen market. The market, which is projected to be $43.17 billion in size by 2024, will grow to $47.92 billion by 2025, with a compound annual growth rate (CAGR) of 11.0%. Factors responsible for the growth during the historic period include agricultural demand, industrial applications, a growing population and urbanization, increasing demand from the energy sector, and biofuel production.
How Will the Nitrogen Market Size Evolve and Grow by 2029?
In the coming years, the nitrogen market is projected to experience significant expansion, surging to $71.36 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 10.5%. This anticipated growth during the forecasted period can be linked to factors such as the progression towards renewable energy, emission control and environmental regulations, worldwide infrastructure growth, initiatives for carbon capture and storage (ccs) and changes in farming techniques. Furthermore, the expected trends during this period encompass market movements in emerging economies, advancements in nitrogen production, technological breakthroughs pertaining to nitrogen storage and transport, a move towards onsite nitrogen generation, as well as expansion in global nitrogen capacity.
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What Drivers Are Propelling the Growth of Nitrogen Market Forward?
The nitrogen market's expansion is propelled by the dynamic growth of the food and beverage sector. Nitrogen gas, used extensively in the industry for food packaging, disallows the contact of oxygen with food, thus inhibiting oxidation and enhancing shelf life. This ensures the food remains fresh and keeps its quality intact. A report by Statista predicts an 8.4% growth rate for the food and beverage sector. This expansion consequently induces a considerable rise in the nitrogen demand, thereby facilitating the growth of the nitrogen market positively.
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Which Emerging Trends Are Transforming the Nitrogen Market in 2025?
The increasing reliance of industrial gas corporations on Pressure Swing Adsorption (PSA) technology showcases a cost-efficient and highly productive way of generating nitrogen. PSA systems, running on the foundation of adsorption, comprise of absorption containers filled with Carbon Molecular Sieves (CMS). These sieves absorb carbon dioxide and residual humidity. Upon experiencing high pressures, CMS distinguishes oxygen for adsorption, permitting the passage of nitrogen with the preferred level of purity. The onsite nitrogen production using PSA systems stands more affordable compared to conventional cryogenic distillation or stowed liquid nitrogen. PSA units can conveniently generate nitrogen ranging from under 5,000 scfh to over 60,000 scfh, and purity levels fluctuating between 95% to 99.9995%. Mahler AGS, a German enterprise specializing in onsite gas generation plants, exploits PSA systems for nitrogen production at reduced expenses. Major players in the industrial gas industry like Linde, Air Products, Air Liquide, and Praxair incorporate PSA systems to augment nitrogen production.
What Are the Key Segments in the Nitrogen Market?
The nitrogen market covered in this report is segmented -
1) By Product Type: Compressed Gas, Liquid Nitrogen
2) By Application: Commercial Use, Industrial Use, Science and Research
3) By End User Industry: Petrochemical, Oil And Gas, Metal Manufacturing And Fabrication, Food And Beverage, Electronics, Pharmaceutical And Healthcare, Chemical, Other End Use Industries
Subsegments:
1) By Compressed Gas: Industrial Grade Compressed Nitrogen, Medical Grade Compressed Nitrogen, Food Grade Compressed Nitrogen
2) By Liquid Nitrogen: Bulk Liquid Nitrogen, Packaged Liquid Nitrogen, Specialty Liquid Nitrogen For Cryogenic Applications
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Who Are the Key Players Shaping the Nitrogen Market's Competitive Landscape?
Major companies operating in the nitrogen market include BASF SE, Dow Chemical Company, Nutrien Ltd., Mitsubishi Chemical Corporation, Linde plc, Air Liquide SA, Yara International ASA, Sumitomo Chemical Co. Ltd., DuPont de Nemours Inc., Air Products and Chemicals Inc., Sinochem Group Co. Ltd., CF Industries Holdings Inc., EuroChem Group AG, OCI Co. Ltd., Air Water Inc., Taiyo Nippon Sanso Corporation, UBE Industries Ltd., Messer Group GmbH, Shandong Hualu-Hengsheng Chemical Co. Ltd., Terra Nitrogen Company LP, Yingde Gases Group Co. Ltd., Praxair Technology Inc., Chengdu Taiyu Industrial Gases Co. Ltd.
What Geographic Markets Are Powering Growth in the Nitrogen Market?
Asia-Pacific was the largest region in the nitrogen market in 2024. North America was the second-largest region in the global nitrogen market. The regions covered in the nitrogen market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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BY ANN.CASTRO ON JANUARY 10, 2020
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Nitrogen Generation (Nitrogen Generator)
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