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Global Industrial Nitrogen Market Size, Share, and Forecast Analysis 2025-2029
Industrial Nitrogen
What Are the Industrial Nitrogen Market Size Forecast for 2025?
In recent times, there has been significant expansion in the industrial nitrogen market. The market size is projected to increase from $20.13 billion in 2024 to $21.18 billion in 2025, maintaining a compound annual growth rate (CAGR) of 5.2%. The notable growth during the historical period can be linked to the rise in industrialization, the demand of the chemical industry, metal manufacturing, and the food and beverage sector.
What Is the Market Size Outlook for Industrial Nitrogen Until 2029?
The market size of industrial nitrogen is projected to witness considerable expansion in the upcoming years, reaching $27.36 billion by 2029 with a compound annual growth rate (CAGR) of 6.6%. The predicted growth during the forecast period can be associated with the development in various sectors like electronics, healthcare, energy, and environmental regulations. Key trends expected to emerge during this period involve the production of green nitrogen, technological innovation, an upsurge in its usage in the pharmaceutical industry, on-site nitrogen creation, digitalization, automation, and strategic alliances and partnerships.
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What Are the Major Factors Driving Demand in the Industrial Nitrogen Market?
The expansion of the food and beverage sector is playing a substantial role in driving the growth of the industrial nitrogen market. Nitrogen finds extensive applications within the commercial production processes in this sector, particularly within modified atmosphere packaging that ensures longevity of freshness for commercially produced foodstuffs. However, the war between Russia and Ukraine has posed obstacles to the anticipated global economic recovery from the COVID-19 pandemic, especially in the short term. This conflict has resulted in numerous nations facing economic sanctions, a spike in commodity prices, and interruptions in supply chains which have impacted various global markets. For instance, as per the United States Department of Agriculture (USDA), an American Federal agency, in April 2024, food expenditure in 2022 increased to 12.4%. This positioned it third behind housing (33.3%) and transportation (16.8%). Additionally, rises were witnessed in spending across sectors such as savings, food, transportation, insurance, and clothing compared to 2021. Therefore, the escalating food and beverage sector is predicted to fuel the growth of the industrial nitrogen market throughout the forecast period.
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How Are End-Use Segments Shaping the Industrial Nitrogen Market Outlook?
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
What Are the Strategic Trends Transforming the Industrial Nitrogen Market Landscape?
Leading corporations in the industrial nitrogen market are concentrated on creating novel technologies like nitrogen leaching monitoring capabilities to augment their market profitability. The usage of nitrogen leaching monitoring allows for the tracking and measurement of nitrogen's transfer via soil to groundwater or surface water. This monitoring mechanism can include a range of analytical methods and systems in an industrial context to identify and gauge the levels of nitrogen in effluents, soil, and water sources. This assures minimal environmental harm and compliance with regulatory standards. To illustrate, CropX Technologies, Ltd, a firm based in Israel that specializes in creating and offering digital solutions for precision farming, launched a nitrogen leaching monitoring capability in August 2022. This monitoring system is pivotal for effective agricultural and environmental management, permitting accurate tracking and measurement of nitrogen's movement through the soil. It plays a crucial role in environmental management, particularly in the farming sector where surplus nitrogen can result in water pollution and other environmental concerns.
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Who Are the Prominent Companies in the Industrial Nitrogen Market by ?
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 Region Is Expected to See the Highest CAGR in the Industrial Nitrogen Market?
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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