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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.
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.
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.
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. Porters 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