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 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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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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