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Nitrogen Market Analysis by Product Type (Compressed gas, Liquid nitrogen), By Application, By End-User and by Region: Global Forecast, 2024 - 2033

  • PUBLISHED ON
  • 2024-08-04
  • NO OF PAGES
  • 261
  • CATEGORY
  • Chemicals & Materials

Market Overview

The Nitrogen market is predicted to develop at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2033, when it is projected to reach USD 79.12 Billion, based on an average growth pattern. The market is estimated to reach a value of USD 33.17 Billion in 2024.


SOURCE: We Market Research

The global trading and interchange of nitrogen-containing products, such as ammonia, urea, and nitric acid, is known as the nitrogen market. Nitrogen molecules are needed for a number of chemical applications, manufacturing, and agricultural fertilizers. A few of the variables influencing this industry are energy prices, technological advancements, environmental regulations, and demand from agriculture. It supports crop development and the provision of food for the world's population in modern agriculture. Variables that affect market dynamics include shifting farming practices, growing populations, and concerns about climate change. As a necessary component of both industry and life, nitrogen plays a significant role in global economic activity.

A number of important factors impact the growth of the nitrogen market. First, the need for nitrogen-based fertilizers to increase crop yields and fulfill the demands of an expanding worldwide population for food production continues to be the main driver of agricultural demand. The manufacturing of chemicals and pharmaceuticals, among other industrial uses, also fuels market expansion. Environmental restrictions governing nitrogen usage and technological developments enhancing the efficiency of nitrogen production both influence market dynamics. In addition, economic variables such as energy costs and exchange rates come into play. The dynamics of worldwide demand and supply are shaped by a complex interaction of agricultural, industrial, technological, and economic factors, which together determine the size of the nitrogen market.

 

 Market Scope

Report Attributes

Description

Market Size in 2024

USD 33.17 Billion

Market Forecast in 2033

USD 79.12Billion

CAGR % 2024-2033

8.8%

Base Year

2023

Historic Data

2016-2022

Forecast Period

2024-2033

Report USP

 

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

By Product Type, By Application, By End-User and By Region

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

 

Nitrogen Industry: Dynamics & Restrains 

                                            

                                    

                          

Market opportunity:

                                         

          

 We Market Research: Nitrogen Dashboard

Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.

    

Nitrogen Market Segmentation

Market- By Product Type Analysis

By Product Type, the Nitrogen Market is Categories into Compressed gas, Liquid nitrogen. The Compressed gas segment accounts for the largest share of around 64% in 2024.


Compressed nitrogen gas serves as an industrial gas system's primary component. A popular method for producing high-purity industrial gates is cryogenic fraction distillation. Demand for compressed nitrogen gas is anticipated to rise throughout the course of the projection period due to its application in cylinder systems for cryogenic fractional distillation, pressure swing adsorption, and membrane separation.

The following segments are part of an in-depth analysis of the global Nitrogen market:

Market Segments

 

By  Product Type

·         Compressed gas

·         Liquid nitrogen

By  Application

·         Commercial

·         Industrial

·         Science and research

By  End-User

·         Petrochemical

·         Oil and gas

·         Metal manufacturing and fabrication

·         Food and beverage

·         Electronics

·         Pharmaceutical and healthcare

·         Chemical

 

Nitrogen Industry: Regional Analysis

Asia Pacific Market Forecast

Asia Pacific dominate the Nitrogen Market with the highest revenue generating market with share of more than 46%. The region's economy is sustained by industrialization driving the use of nitrogen fertilizers in a variety of sectors, while agricultural demand for these fertilizers is fueled by rapid population expansion, which increases crop yields and ensures food security.


  North America Market Statistics

North America Nitrogen market benefits from increasing awareness of the importance of employee well-being. Government support and Extensive use of nitrogen fertilizers supports the region's large agricultural sector, enhancing crop yields and ensuring food security for a growing population.

Europe Market Forecasts

Europe is expected to be the fastest-growing regional segment of the Nitrogen market during the forecast period. In the Europe, Stringent rules drive adoption of cleaner technologies, influencing nitrogen production and usage patterns towards sustainability while maintaining agricultural productivity and supporting economic growth.

Key Market Players

·         Air Liquide

·         Yingde Gases Group Company

·         Linde Group

·         Praxair Inc.

·         nexAir

·         CanAir Nitrogen

·         Chengdu Taiyu Industrial Gases

·         Universal Industrial Gases

·         Air Products and Chemicals

·         Taiyo Nippon Sanso

·         Corporation

·         Gulf Cryo

·         Emirates Industrial Gases Co. LLC   

1.      Global Nitrogen Market Introduction and Market Overview

1.1.    Objectives of the Study

1.2.    Global Nitrogen Market Scope and Market Estimation

1.2.1. Global Nitrogen Overall Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023 - 2033)

1.2.2. Global Nitrogen Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2033

1.3.    Market Segmentation

1.3.1. Component of Global Nitrogen Market

1.3.2. Technology of Global Nitrogen Market

1.3.3. End-user of Global Nitrogen Market

1.3.4. Region of Global Nitrogen Market

2.      Executive Summary

2.1.    Global Nitrogen Market Industry Trends under COVID-19 Outbreak

2.1.1. Global COVID-19 Status Overview

2.1.2. Influence of COVID-19 Outbreak on Global Nitrogen Market Industry Development

2.2.    Market Dynamics

2.2.1. Drivers

2.2.2. Limitations

2.2.3. Opportunities

2.2.4. Impact Analysis of Drivers and Restraints

2.3.    Pricing Trends Analysis & Average Selling Prices (ASPs)

2.4.    Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.

2.5.    Porter’s Five Forces Analysis

2.5.1. Bargaining Power of Suppliers

2.5.2. Bargaining Power of Buyers

2.5.3. Threat of Substitutes

2.5.4. Threat of New Entrants

2.5.5. Competitive Rivalry

2.6.    Value Chain / Ecosystem Analysis

2.7.    Russia-Ukraine War Impacts Analysis

2.8.    Economic Downturn Analysis

2.9.      Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region

3.      Global Nitrogen Market Estimates & Historical Trend Analysis (2019 - 2022)

4.      Global Nitrogen Market Estimates & Forecast Trend Analysis, by PRODUCT TYPE

4.1.    Global Nitrogen Market Revenue (US$ Mn) Estimates and Forecasts, by PRODUCT TYPE, 2019 to 2033

4.1.1. Compressed gas

4.1.2. Liquid nitrogen

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

5.1.    Global Nitrogen Market Revenue (US$ Mn) Estimates and Forecasts, by Application, 2019 to 2033

5.1.1. Commercial

5.1.2. Industrial

5.1.3. Science and research

6.      Global Nitrogen Market Estimates & Forecast Trend Analysis, by End-user

6.1.    Global Nitrogen Market Revenue (US$ Mn) Estimates and Forecasts, by End-user, 2019 to 2033

6.1.1. Petrochemical

6.1.2. Oil and gas

6.1.3. Metal manufacturing and fabrication

6.1.4. Food and beverage

6.1.5. Electronics

6.1.6. Pharmaceutical and healthcare

6.1.7. Chemical

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

7.1.    Global Nitrogen Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2019 to 2033

7.1.1. North America

7.1.2. Europe

7.1.3. Asia Pacific

7.1.4. Middle East & Africa

7.1.5. South America

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

8.1.    North America Nitrogen Market Assessments & Key Findings

8.1.1. North America Nitrogen Market Introduction

8.1.2. North America Nitrogen Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

8.1.2.1.   By PRODUCT TYPE

8.1.2.2.   By Application

8.1.2.3.   By End-user

8.1.2.4.   By Country

8.1.2.4.1.     The U.S.

8.1.2.4.2.     Canada

8.1.2.4.3.     Mexico

9.      Europe Nitrogen Market: Estimates & Forecast Trend Analysis

9.1.    Europe Nitrogen Market Assessments & Key Findings

9.1.1. Europe Nitrogen Market Introduction

9.1.2. Europe Nitrogen Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

9.1.2.1.   By PRODUCT TYPE

9.1.2.2.   By Application

9.1.2.3.   By End-user

9.1.2.4.        By Country

9.1.2.4.1.     Germany

9.1.2.4.2.     U.K.

9.1.2.4.3.     France

9.1.2.4.4.     Italy

9.1.2.4.5.     Spain

9.1.2.4.6.     Russia

9.1.2.4.7.     Rest of Europe

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

10.1.  Asia Pacific Market Assessments & Key Findings

10.1.1.   Asia Pacific Nitrogen Market Introduction

10.1.2.   Asia Pacific Nitrogen Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

10.1.2.1.    By PRODUCT TYPE

10.1.2.2.    By Application

10.1.2.3.    By End-user

10.1.2.4.    By Country

10.1.2.4.1. China

10.1.2.4.2. Japan

10.1.2.4.3. India

10.1.2.4.4. Australia

10.1.2.4.5. South Korea

10.1.2.4.6. ASEAN

10.1.2.4.7. Rest of Asia Pacific

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

11.1.  Middle East & Africa Market Assessments & Key Findings

11.1.1.   Middle East & Africa Nitrogen Market Introduction

11.1.2.   Middle East & Africa Nitrogen Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

11.1.2.1.    By PRODUCT TYPE

11.1.2.2.    By Application

11.1.2.3.    By End-user

11.1.2.4.    By Country

11.1.2.4.1. U.A.E.

11.1.2.4.2. Saudi Arabia

11.1.2.4.3. Egypt

11.1.2.4.4. South Africa

11.1.2.4.5. Rest of Middle East & Africa

12.  South America Nitrogen Market: Estimates & Forecast Trend Analysis

12.1.  South America Market Assessments & Key Findings

12.1.1.   South America Nitrogen Market Introduction

12.1.2.   South America Nitrogen Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

12.1.2.1.    By PRODUCT TYPE

12.1.2.2.    By Application

12.1.2.3.    By End-user

12.1.2.4.    By Country

12.1.2.4.1. Brazil

12.1.2.4.2. Argentina

12.1.2.4.3. Colombia

12.1.2.4.4. Rest of South America

13.  Competition Landscape

13.1.  Global Nitrogen Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

13.2.  Global Nitrogen Market Competition White Space Analysis, By End-user

13.3.  Global Nitrogen Market Competition Heat Map Analysis, By End-user

13.4.  Global Nitrogen Market Concentration & Company Market Shares (%) Analysis, 2022

14.  Company Profiles

14.1.                     Air Liquide.

14.1.1.   Company Overview & Key Stats

14.1.2.   Financial Performance & KPIs

14.1.3.   Product Portfolio

14.1.4.   Business Strategy & Recent Developments

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

14.2.      Yingde Gases Group Company

14.3.      Linde Group

14.4.      Praxair Inc.

14.5.      nexAir

14.6.      CanAir Nitrogen

14.7.      Chengdu Taiyu Industrial Gases

14.8.      Universal Industrial Gases

14.9.      Air Products and Chemicals

14.10.  Messer Group

14.11.  Southern Industrial Gas Berhad

14.12.  Taiyo Nippon Sanso

14.13.  Corporation

14.14.  Gulf Cryo

14.15.  Emirates Industrial Gases Co. LLC

14.16.  Others

15.  Research Methodology

15.1.  External Transportations / Databases

15.2.  Internal Proprietary Database

15.3.  Primary Research

15.4.  Secondary Research

15.5.  Assumptions

15.6.  Limitations

15.7.  Report FAQs

16.  Research Findings & Conclusion

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Market Research Process




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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.

Frequently Asked Questions

What is the market size of Nitrogen Market in 2024?

Nitrogen Market was valued at USD 33.17 Billion in 2024

What is the growth rate for the Nitrogen Market?

Nitrogen Market size will increase at approximate CAGR of 8.8% during the forecasted period.

Which are the top companies operating within the market?

Major companies operating within the Nitrogen Market are Air Liquide, Yingde Gases Group Company, Linde Group, Praxair Inc., nexAir, CanAir Nitrogen, Chengdu Taiyu Industrial Gases, Universal Industrial Gases, Air Products and Chemicals, Messer Group, Southern Industrial Gas Berhad, Taiyo Nippon Sanso, Corporation, Gulf Cryo, Emirates Industrial Gases Co. LLC.

Which region dominates the Nitrogen Market?

North America dominates the market with an active share of 46%.

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