Global Industrial Nitrogen Market Insights
The global industrial nitrogen market is estimated to witness a high CAGR during the forecast period (2019-2026). Industrial nitrogen is a high grade purity nitrogen obtained from mechanical separation or fractional distillation of air. It is available in a gaseous and liquid form in the market. Liquid nitrogen is used to cool superconductors at very high temperatures and transport food items. Growing demand for industrial nitrogen from food & beverage industry is driving the market growth. Raising concerns related to hygienic storage and food safety are some of the major factors driving the market. Nitrogen gas is used in the production of stainless steel, aircraft fuel systems, fire suspension systems and fertilizers among others. These factors are expected to propel the market growth for industrial nitrogen during the forecast period. High production cost of nitrogen along with stringent government rules for the production of nitrogen are likely to hamper the market growth during the forecast period.
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Industrial Nitrogen Market: By Form
On the basis of form, the global industrial nitrogen market is segmented into compressed gas and liquid nitrogen. The compressed gas segment is expected to hold the largest market share during the forecast period. Growing demand from oil & gas and metal manufacturing industries is driving the market growth for compressed gas segment. Compressed gas is used to store petroleum liquefied explosive and flammable materials in oil & gas industries. Liquid nitrogen segment is expected to grow at a significant CAGR during the forecast period. Liquid nitrogen is widely used in food & beverage industries for food freezing and storing applications.
Industrial Nitrogen Market: By Technology
On the basis of technology, the market is segmented into cryogenic fraction distillation, membrane separation, and pressure swing adsorption. Cryogenic segment is expected to hold the significant market share during the forecast period. Cryogenic distillation technology is used to separate chemicals with very low boiling points such as propylene and propane. This technology is used in different industries including oil & gas, pharmaceuticals, and beer and wine production industries among others. Pressure swing adsorption technology is used to separate some gas species from a mixture of gases under pressure by gas species molecular characteristics.
Industrial Nitrogen Market: By Transportation and Distribution
Based on transportation and distribution, the industrial nitrogen market is segmented into cylinders & packaged gas, bulk, and tonnage/pipeline. Cylinders & packaged gas segment is dominating the market and is projected to grow at a high CAGR in terms of revenue during the forecast period. The easy carrying property of cylinders is expected to drive the market. Cylinders are easy to install and maintain compared to pipe line systems.
Industrial Nitrogen Market: By End Use Industry
On the basis of end-use industry, the industrial nitrogen market is segmented into petrochemicals, oil & gas, metal manufacturing & fabrication, food & beverage, electronics, pharmaceutical & healthcare, and chemical among others. The food & beverage industry is estimated to account for the largest market share, in terms of volume, during the forecast period (2019-2026). The growing concern for food safety and hygienic storage is likely to drive market growth for food & beverage segment during the forecast period. Industrial nitrogen is used to keep food products fresh by reducing spoiling and discoloration in food & beverage industries. The pharmaceutical & healthcare sector is estimated to grow at the highest CAGR between 2019 and 2026, in terms of value. Growing demand for the nitrogen gas as a cryogen in the healthcare sector to preserve cell tissue, blood, reproductive cells, and other samples is propelling the market growth.
Industrial Nitrogen Market: By Region
On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America. Asia Pacific is expected to witness considerable growth in the industrial nitrogen market during the forecast period. The expanding manufacturing sector along with rapid industrialization in the region are the major factors driving the industrial nitrogen market growth. Growing technology along with advancements in the healthcare & medical sector in the region are expected to propel the demand for industrial nitrogen during the forecast period.
Industrial Nitrogen Market: End Use Landscape
The end-user landscape entails a list of current and prospective consumers prevailing across the regions. This section briefs you about company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase. The key end-users of the markets are BASF, Nestle, Pepsi and Samsung among others.
Industrial Nitrogen Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the Industrial Nitrogen market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Industrial Nitrogen Market Share & Competitor Analysis
Some of the key players operating in the Industrial Nitrogen market are Parker Hannifin, Ellenbarrie Industrial Gases, Universal Industrial Gases, Praxair Technology, nexAir, Air Products and Chemicals, Messer Group, CanAir Nitrogen, EPC Engineering & Technologies, Chengdu Taiyu Industrial Gases, and Linde Group among others.
In August 2019, Messer group has constructed 1000 meters’ pipeline to provide nitrogen for HBIS Group Serbia steelworks in Smederevo.
In November 2018, Praxair established a new nitrogen production facility in South Korea to meet the demand of semiconductor manufacturers in the country.
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