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Nitrogen Market Size - By Product Type(Compressed Gas, Liquid Nitrogen), By End Use Industry(Petrochemical, Oil & Gas, Metal Manufacturing & Fabrication, Food & Beverage, Electronics, Pharmaceutical & Healthcare, Chemical), by Application(Commercial Use, Industrial Use, Science and Research) & Region - Forecasts 2023 - 2033

  • PUBLISHED ON
  • 2022-08-04
  • NO OF PAGES
  • 261
  • CATEGORY
  • Chemicals & Materials

Global Nitrogen Market- Description

Nitrogen is a type of colorless, non-inflammable, odourless, and inert gas. It is used across various industries for a variety of applications in liquid or compressed forms. Nitrogen is predominantly used to replace air reduce oxidation of materials which includes food items as well. It is further utilized to make nitric acid, fertilizers, explosives, nylon, and dyes using various chemical methodologies.

The nitrogen market refers to the market for nitrogen-based products, including nitrogen fertilizers, industrial gases, and other chemical products. Nitrogen is an essential element for plant growth and is widely used in agriculture, making fertilizers the largest end-use market for nitrogen. The global nitrogen market is highly competitive and is dominated by a few major players, including Yara International, CF Industries, and Agrium. Other significant players in the market include OCI Nitrogen, EuroChem, and Uralkali. In recent years, there has been a shift in demand for nitrogen-based products from developed countries to developing countries, particularly in Asia. This has led to increased investment in nitrogen production capacity in these regions. However, the market is also affected by fluctuating prices of natural gas, which is a key feedstock for the production of nitrogen-based products.


IMG1


Source: WMR


Global Nitrogen Market- Overview

Global nitrogen market was worth USD 28,610 million in 2022 and is anticipated to record a CAGR of 4% over the forecast duration 2023-2033, thereby accumulating USD 43,280 million by the end of the analysis timeline.

The growth of this market is driven by rapid expansion in food & beverages industry, growing industrialization, and technological advancements in industrial gas. In addition, surging demand from applications like electronics, healthcare, automotive, metal fabrication, and lighting coupled with prompt development in the healthcare sector across the globe is creating lucrative growth avenues for the market. However, fluctuations in raw material prices and difficulty in handling nitrogen as excess contact with nitrogen can result in serious burns are impeding market progression. Also, increasing concerns regarding the severity pertaining to mishandling of nitrogen is another restraining factor. Citing an instance, liquid nitrogen explosion at a Textron Aviation Plant located near Wichita, Kansas in December 2019 injured 15 people while resulting in severe property damage.



IMG2


Source: WMR


Global Nitrogen Market- Key Trends

·         Growing application of nitrogen in food & beverages industry is boosting market development: 

The use of nitrogen in the food and beverage industry is growing due to its unique properties, such as its inertness, low solubility, and ability to preserve food quality. Nitrogen is commonly used in the industry for packaging and storage of food products, where it is used to create a modified atmosphere that can help prevent spoilage and maintain freshness. In the beverage industry, nitrogen is often used to dispense beverages such as beer, coffee, and tea. Nitrogen is added to these beverages to create a creamy texture and a smoother, less acidic taste. Nitrogen is also used in the production of wine and champagne, where it is used to remove oxygen and improve the quality and shelf life of the product.

The use of nitrogen in the food and beverage industry is expected to continue to grow due to the increasing demand for fresh, high-quality products and the need to reduce food waste. This has led to increased investment in research and development of nitrogen-based technologies and applications. Overall, the growing application of nitrogen in the food and beverage industry is expected to contribute to the growth of the nitrogen market, as manufacturers and producers seek to meet the evolving needs of consumers and the industry.


·         Technological advancements across industrial gas industry is fostering market expansion: 

The industrial gas industry is constantly evolving and innovating to meet the needs of various end-use industries. Technological advancements across the industry are driving market expansion, as new and improved products and services are developed to address the challenges faced by customers. One key area of technological advancement in the industrial gas industry is the development of new production and delivery methods. For example, advancements in gas separation technologies, such as cryogenic distillation and membrane separation, have enabled the production of high-purity gases in large quantities, while reducing energy consumption and environmental impact. Additionally, the use of advanced analytics and digital technologies has enabled companies to optimize production and delivery operations, reducing costs and improving efficiency.

Another area of technological advancement in the industrial gas industry is the development of new applications for industrial gases. For example, the use of carbon dioxide in the food and beverage industry has expanded from traditional applications, such as carbonation and freezing, to new applications such as modified atmosphere packaging and inert gas purging. Similarly, the use of nitrogen in the electronics industry has expanded to include applications such as wafer cooling and inert gas welding. Overall, the continued development of new and improved technologies across the industrial gas industry is expected to foster market expansion, as companies seek to meet the evolving needs of customers and address the challenges posed by a rapidly changing market.


Global Nitrogen Market- Segmental Analysis

By Product

·         Compressed gas

·         Liquid Nitrogen

Liquid nitrogen segment is anticipated to amplify significantly over the estimated timeline owing to escalating demand from chemical, healthcare and pharmaceutical industries. This nitrogen form is predominantly used in cryotherapies, cryosurgeries, and cryopreservation to eliminate decayed tissues, warts, skin tags, moles, and skin cancers. Alongside, it is also used as a coolant to temporarily shrink mechanical gears during machine assembly.


IMG3


Source: WMR

 

By End Use

·         Petrochemical

·         Oil & Gas

·         Metal Manufacturing & Fabrication

·         Food & Beverage

·         Chemical

·         Electronics

·         Pharmaceutical & Healthcare

·         Others

The food & beverage segment is expected to register substantial CAGR over the stipulated timeline owing to the increasing usage of nitrogen to increase the shelf life of various food products.


By Application

·         Commercial Use

·         Industrial Use

·         Science and Research

The report contains further assessment of the aforementioned segments and sub segments to accurately determine the size and scope of the marketplace over the mentioned timeline. The analysis is conducted using proven research methodologies.


Global Nitrogen Market- Regional Analysis

Considering the geographical point of reference, Asia Pacific, Europe, North America, Latin America and Middle East & Africa, are the major benefactors to global nitrogen market dynamics. Among these, Asia Pacific is forecasted to record a high CAGR over the analysis timeline owing to rapid industrialization and advancements in pharmaceutical and healthcare sectors. Similarly, Europe nitrogen market is also projected to showcase lucrative growth trends over the estimated duration ascribing to escalating demand for industrial nitrogen driven by developing healthcare facilities across the region.


Global Nitrogen Market- Competitive Landscape

Key players constituting the competitive landscape of this business sphere are Air Liquide SA, Praxair Inc, Linde Group, Gulf Cryo, Emirates Industrial Gases Co LLC, Taiyo Nippon Sanso Corporation, NexAir LLC, Southern Industrial Gas Sdn Bhd, Messer Group, and Air Products and Chemicals Inc. CanAir Nitrogen, Chengdu Taiyu Industrial Gases, Universal Industrial Gases, Yingde Gases Group Company, Aspen Air Corp, Sudanese Liquid Air Company, Yingde Gases Group, Ellenbarrie Industrial Gases, Conair Nitrogen Inc. and Others. 

Notably, in October 2018, Praxair, Inc and The Linde Group merged to form Linde Plc. This decision was aimed at further consolidating the nitrogen market by emerging as a global leader in terms of sales and revenue as both the companies had stronghold foothold across several regions.

Apart from that, other noteworthy players are making similar strategic decisions to expand their reach in the overall market. Many companies are entering into partnerships, collaborations, mergers and are putting efforts in launching innovative techniques and products to strengthen their presence and emerge as global leaders in the sector.


Global Nitrogen Market- Report Scope

Historical Period -2020-2021

Forecast Years- 2023-2033

Global Nitrogen Market 2022- USD 28.61 million

Global Nitrogen Projected Market 2033- USD 43.28 million

Global Nitrogen Market CAGR- 4%

Key segments covered-


Product Type (Compressed Gas and Liquid Nitrogen),

by End User (Petrochemical, Oil & Gas, Metal Manufacturing & Fabrication, Food & Beverage, Pharmaceuticals & Healthcare, Electronics, Chemical, and Others),

by Application (Commercial Use, Industrial Use, and Research),

Key regions covered- Asia Pacific, Europe, North America, and Middle East & Africa


Key players profiled- Air Liquide SA, Praxair Inc, Linde Group, Gulf Cryo, Emirates Industrial Gases Co LLC, Taiyo Nippon Sanso Corporation, NexAir LLC, Southern Industrial Gas Sdn Bhd, Messer Group, and Air Products and Chemicals Inc. CanAir Nitrogen, Chengdu Taiyu Industrial Gases, Universal Industrial Gases, Yingde Gases Group Company, Aspen Air Corp, Sudanese Liquid Air Company, Yingde Gases Group, Ellenbarrie Industrial Gases, Conair Nitrogen Inc. and Others. 

1. Global Nitrogen Market Introduction and Market Overview

1.1. Objective of the Market Research Study

1.2. NITROGEN Market Definition & Description

1.3. Research Data Parameters & Reporting Timelines

1.3.1. Historical Data Reporting Years – 2020 to 2021

1.3.2. Projected Data Reporting Years – 2022 to 2033

1.3.3. Reporting Data Parameters – Value (US$ Million) & Volume (Units)

1.4. Global Nitrogen Market Scope and Market Estimation

1.4.1. Global NITROGEN Overall Market Size (US$ Million) & (Units), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)

1.4.2. Global NITROGEN Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033

1.5. Nitrogen Market Segmentation

1.5.1. Product Type of Global Nitrogen Market

1.5.2. End Use Industry of Global Nitrogen Market

1.5.3. Application of Global Nitrogen Market

1.5.4. Key Regions of Global Nitrogen Market


2. Global NITROGEN Market - Executive Summary

2.1. Global Nitrogen Market – Summary & Snapshot

2.2. Global Nitrogen Market, By Product Type (Us$ Million) & (Units)

2.3. Global Nitrogen Market, By End Use Industry (Us$ Million) & (Units)

2.4. Global Nitrogen Market, By Application (Us$ Million) & (Units)

2.5. Global Nitrogen Market, By Geography (Us$ Million) & (Units)

2.6. Global Nitrogen Market Outlook & Future Opportunities


3. Nitrogen Market Trends, Outlook, and Factors Analysis

3.1. Global Nitrogen Market Industry Development Trends under COVID-19 Outbreak

3.1.1. Global COVID-19 Status Overview

3.1.2. Influence of COVID-19 Outbreak on Global NITROGEN Market Industry Development

3.1.3. Pre & Post COVID-19 Trends and Scenarios

3.2. Market Dynamics (Growth Impacting Factors & Rationales)

3.2.1. Drivers

3.2.1.1. The growing demand for nitrogen in food and beverage industry has boasted the nitrogen market as it is used in packaging of foods items to last long.

3.2.1.2. Driver 2

3.2.1.3. Driver 3

3.2.2. Restraints

3.2.2.1. The transportation of nitrogen is matter of concern and is difficult to handle and can be harmful if not in not taken care of properly.

3.2.2.2. Restraint 2

3.2.3. Opportunities

3.2.3.1. Industrial use of nitrogen is growing and as new applications emerge so doses the demand for nitrogen increases.

3.2.3.2. Opportunity 2

3.2.3.3. Opportunity 3

3.2.4. Impact Analysis of Drivers and Restraints

3.3. Ecosystem/ Value Chain Analysis

3.4. Porter’s Five Forces Analysis

3.5. SWOT Analysis

3.6. PEST Analysis

3.7. Average Selling Prices and Pricing Trends Analysis of NITROGEN Market

3.8. Technological Roadmap

3.9. Key Investment Pockets of NITROGEN Market

3.9.1. By Product Type

3.9.2. By End Use Industry

3.9.3. By Application

3.9.4. By Regions


4. Global Nitrogen Market: Estimates & Historic Trend Analysis (2020 to 2021)

4.1. Global Nitrogen Market, 2020 – 2021 (Us$ Million) & (Units)

4.2. Global Nitrogen Market, By Product Type, 2020 To 2021 (Us$ Million) & (Units)

4.3. Global Nitrogen Market, By End Use Industry, 2020 To 2021 (Us$ Million) & (Units)

4.4. Global Nitrogen Market, By Application, 2020 To 2021 (Us$ Million) & (Units)

4.5. Global Nitrogen Market, By Region, 2020 To 2021 (Us$ Million) & (Units)


5. Global Nitrogen Market Estimates & Forecast Trend Analysis, By Product Type

5.1. Global Nitrogen Market Share (%) Estimates and Forecasts, By Product Type, 2022 & 2033

5.2. Global Nitrogen Market Size (US$ Million) & (Units) Estimates and Forecasts, By Product Type, 2022 To 2033

5.2.1. Product Type_ Compressed Gas

5.2.2. Product Type_ Liquid Nitrogen


6. Global Nitrogen Market Estimates & Forecast Trend Analysis, by End Use Industry

6.1. Global Nitrogen Market Share (%) Estimates and Forecasts, By End Use Industry, 2022 & 2033

6.2. Global Nitrogen Market (US$ Million) & (Units) Estimates and Forecasts, By End Use Industry, 2022 To 2033

6.2.1. End Use Industry_ Petrochemical

6.2.2. End Use Industry_ Oil & Gas

6.2.3. End Use Industry_ Metal Manufacturing & Fabrication

6.2.4. End Use Industry_ Food & Beverage

6.2.5. End Use Industry_ Electronics

6.2.6. End Use Industry_ Pharmaceutical & Healthcare

6.2.7. End Use Industry_ Chemical

6.2.8. End Use Industry_Others


7. Global Nitrogen Market Estimates & Forecast Trend Analysis, by Application

7.1. Global Nitrogen Market Share (%) Estimates and Forecasts, by Application, 2022 & 2033

7.2. Global Nitrogen Market (US$ Million) & (Units) Estimates and Forecasts, by Application, 2022 to 2033

7.2.1. Application_ Commercial Use

7.2.2. Application_ Industrial Use

7.2.3. Application_ Science and Research


8. Global NITROGEN Market Analysis and Forecast, by Region

8.1. Global Nitrogen Market Share (%) Estimates and Forecasts, by Region, 2022 & 2033

8.2. Global Nitrogen Market (US$ Million) & (Units) Estimates and Forecasts, by Region, 2022 to 2033

8.2.1. North America

8.2.2. Europe

8.2.3. Asia Pacific

8.2.4. Middle East and Africa

8.2.5. Latin America


9. North America Nitrogen Market: Estimates & Forecast Trend Analysis

9.1. North America Nitrogen Market Assessments & Key Findings

9.2. North America Nitrogen Market Share (%) Estimates and Forecasts, 2022 & 2033

9.3. North America Nitrogen Market Size Estimates and Forecast (Us$ Million) & (Units) (2022 to 2033)

9.3.1. By Product Type

9.3.2. By End Use Industry

9.3.3. By Application

9.3.4. By Major Country

9.3.4.1. The U.S.

9.3.4.2. Canada


10. Europe Nitrogen Market: Estimates & Forecast Trend Analysis

10.1. Europe NITROGEN Market Assessments & Key Findings

10.2. Europe NITROGEN Market Share (%) Estimates and Forecasts, 2022 & 2033

10.3. Europe NITROGEN Market Size Estimates and Forecast (US$ Million) & (Units) (2022 to 2033)

10.3.1. By Product Type

10.3.2. By End Use Industry

10.3.3. By Application

10.3.4. By Major Country

10.3.4.1. Germany

10.3.4.2. The U.K.

10.3.4.3. France

10.3.4.4. Italy

10.3.4.5. Spain

10.3.4.6. Rest of Europe (includes all other European countries)


11. Asia Pacific Nitrogen Market: Estimates & Forecast Trend Analysis

11.1. Asia Pacific Nitrogen Market Assessments & Key Findings

11.2. Asia Pacific Nitrogen Market Share (%) Estimates and Forecasts, 2022 & 2033

11.3. Asia Pacific Nitrogen Market Size Estimates and Forecast (US$ Million) & (Units) (2022 to 2033)

11.3.1. By Product Type

11.3.2. By End Use Industry

11.3.3. By Application

11.3.4. By Major Country

11.3.4.1. China

11.3.4.2. Japan

11.3.4.3. India

11.3.4.4. ASEAN

11.3.4.5. South Korea

11.3.4.6. Rest of Asia Pacific (includes all other Asia Pacific countries)


12. Middle East & Africa Nitrogen Market: Estimates & Forecast Trend Analysis

12.1. Middle East & Africa Nitrogen Market Assessments & Key Findings

12.2. Middle East & Africa Nitrogen Market Share (%) Estimates and Forecasts, 2022 & 2033

12.3. Middle East & Africa Nitrogen Market Size Estimates and Forecast (US$ Million) & (Units) (2022 to 2033)

12.3.1. By Product Type

12.3.2. By End Use Industry

12.3.3. By Application

12.3.4. By Major Country

12.3.4.1. GCC

12.3.4.2. South Africa

12.3.4.3. Egypt

12.3.4.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)


13. Latin America Nitrogen Market: Estimates & Forecast Trend Analysis

13.1. Latin America Market Assessments & Key Findings

13.2. Latin America NITROGEN Market Share (%) Estimates and Forecasts, 2022 & 2033

13.3. Latin America NITROGEN Market Size Estimates and Forecast (US$ Million) & (Units) (2022 to 2033)

13.3.1. By Product Type

13.3.2. By End Use Industry

13.3.3. By Application

13.3.4. By Major Country

13.3.4.1. Brazil

13.3.4.2. Mexico

13.3.4.3. Rest of Latin America (includes all other Latin America countries)


14. Competitive Landscape

14.1. Market Revenue Share Analysis (%), by Major Players (2021)

14.2. Market Competition Matrix, by Leading Players

14.3. List of Emerging, Prominent and Leading Players

14.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, etc.


15. Company Profiles

15.1. Air Liquide

15.1.1. Company Overview & Insights

15.1.2. Financial Performance

15.1.3. Product / Service Portfolio

15.1.4. Geographical Footprint & Share

15.1.5. Strategic Initiatives & Key Developments

*Similar details would be provided for all the players mentioned below

15.2. Linde Group

15.3. Praxair Inc.

15.4. Air Products and Chemicals

15.5. Messer Group

15.6. Southern Industrial Gas Berhad

15.7. Taiyo Nippon Sanso Corporation

15.8. Gulf Cryo

15.9. Emirates Industrial Gases Co. LLC

15.10. nexAir

15.11. CanAir Nitrogen,

15.12. Chengdu Taiyu Industrial Gases,

15.13. Universal Industrial Gases,

15.14. Yingde Gases Group Company,

15.15. Aspen Air Corp,

15.16. Sudanese Liquid Air Company,

15.17. Yingde Gases Group,

15.18. Ellenbarrie Industrial Gases,

15.19. Conair Nitrogen Inc

15.20. Others


16. Assumptions and Research Methodology

16.1. Data Mining

16.2. Secondary Research

16.3. Primary Research

16.4. Subject Matter Expert Advice

16.5. Quality Check

16.6. Final Review

16.7. Data Triangulation

16.8. Bottom-Up Approach

16.9. Top Down Approach

16.10. Research Flow

16.11. Key Insights from Industry Experts

16.12. Data Sources

16.13. Assumptions

16.14. Limitations


17. Conclusions and Recommendations

17.1. Key Research Findings and Conclusion

17.2. Key Insights & Recommendations from Analysts

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


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