Industrial Nitrogen Trends and Forecast
The future of the global industrial nitrogen market looks promising with opportunities in the food & beverage, electronic, metal manufacturing and fabrication, oil & gas, pharmaceutical & healthcare, and chemical markets. The global industrial nitrogen market is expected to reach an estimated $4.4 billion by 2030 with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are increased use of nitrogen in the oil and gas sector for well stimulation, inertization, and drilling, rising demand for industrial nitrogen in the chemical industry, and the increased use of industrial nitrogen in the food and beverage industries for modified environment packaging.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Industrial Nitrogen by Segment
The study includes a forecast for the global industrial nitrogen by form, application, and region.
Industrial Nitrogen Market by Form [Shipment Analysis by Value from 2018 to 2030]:
• Compressed Gas
• Liquid Nitrogen
Industrial Nitrogen Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Food & Beverage
• Electronic
• Metal Manufacturing And Fabrication
• Oil & Gas
• Pharmaceutical & Healthcare
• Chemical
• Others
Industrial Nitrogen Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Industrial Nitrogen Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies industrial nitrogen companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the industrial nitrogen companies profiled in this report include-
• Axcel Gases
• Dubai Industrial Gases
• nexAir
• Air Products and Chemical
• Praxair
• Universal Industrial Gases
• Taiyo Nippon Sanso
• Omega Air
• Ellenbarrie Industrial Gases
• Parker Hannifin
Industrial Nitrogen Market Insights
Lucintel forecasts that compressed gas will remain the larger segment over the forecast period because it is frequently employed in the manufacturing of liquid explosives and flammable compounds.
Within this market, food & beverage will remain the largest segment due to it is used to increase the shelf life of products and keep them fresh, which assists in the packing and storage of food and beverages.
APAC is expected to witness highest growth over the forecast period due to rapid industrial development in a variety of industries, including electronics, chemicals, and food production, and these industries rely extensively on industrial nitrogen for a variety of uses.
Features of the Global Industrial Nitrogen Market
Market Size Estimates: Industrial nitrogen market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Industrial nitrogen market size by form, application, and region in terms of value ($B).
Regional Analysis: Industrial nitrogen market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different form, application, and regions for the industrial nitrogen market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the industrial nitrogen market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the industrial nitrogen market size?
Answer: The global industrial nitrogen market is expected to reach an estimated $4.4 billion by 2030.
Q2. What is the growth forecast for industrial nitrogen market?
Answer: The global industrial nitrogen market is expected to grow with a CAGR of 4.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the industrial nitrogen market?
Answer: The major drivers for this market are increased use of nitrogen in the oil and gas sector for well stimulation, inertization, and drilling, rising demand for industrial nitrogen in the chemical industry, and the increased use of industrial nitrogen in the food and beverage industries for modified environment packaging.
Q4. What are the major segments for industrial nitrogen market?
Answer: The future of the global industrial nitrogen market looks promising with opportunities in the food & beverage, electronic, metal manufacturing and fabrication, oil & gas, pharmaceutical & healthcare, and chemical markets.
Q5. Who are the key industrial nitrogen market companies?
Answer: Some of the key industrial nitrogen companies are as follows:
• Axcel Gases
• Dubai Industrial Gases
• nexAir
• Air Products and Chemical
• Praxair
• Universal Industrial Gases
• Taiyo Nippon Sanso
• Omega Air
• Ellenbarrie Industrial Gases
• Parker Hannifin
Q6. Which industrial nitrogen market segment will be the largest in future?
Answer: Lucintel forecasts that compressed gas will remain the larger segment over the forecast period because it is frequently employed in the manufacturing of liquid explosives and flammable compounds.
Q7. In industrial nitrogen market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rapid industrial development in a variety of industries, including electronics, chemicals, and food production, and these industries rely extensively on industrial nitrogen for a variety of uses.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the industrial nitrogen market by form (compressed gas and liquid nitrogen), application (food & beverage, electronic, metal manufacturing and fabrication, oil & gas, pharmaceutical & healthcare, chemical, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Industrial Nitrogen Market, Industrial Nitrogen Market Size, Industrial Nitrogen Market Growth, Industrial Nitrogen Market Analysis, Industrial Nitrogen Market Report, Industrial Nitrogen Market Share, Industrial Nitrogen Market Trends, Industrial Nitrogen Market Forecast, Industrial Nitrogen Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.