Vancouver, Oct. 04, 2023 (GLOBE NEWSWIRE) -- The global industrial nitrogen market is forecast to be valued at USD 38.74 Billion by 2032, according to a current analysis by Emergen Research. Nitrogen gas is used in a wide range of applications and end-uses, some of which include laser cutting, food packaging, coffee production, chemicals, electronics, breweries, oil and gas industries, and laboratories. Some among the primary factors driving growth of industrial liquid nitrogen market include major improvements in industrial gas industry, surge in demand from various end-use industries such as metal cutting and fabrication, manufacturing, and food & beverages industry, and growing demand from pharmaceuticals and medical industry. However, increasingly stringent safety regulations, and structural and regulatory restrictions are some factors expected to hamper market growth to some extent. High production cost and labor force risk driven by accidental leakage of gas are other factors to consider.
Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/477
In addition, demand for nitrogen for applications in cryopreservation, cryotherapies, and in cryosurgeries for removing skin tags, moles, and treating skin cancer is expected to remain consistent over the forecast period. Wide applications in preserving blood in blood banks, food freezing, rubber and plastic deflashing and grinding, cooling, preserving of biological samples, metal treating, pulverization, and other temperature-associated applications is also expected to support demand and drive market growth.
Scope of Research
| Report Details | Outcome |
| Market size in 2019 | USD 18.70 Billion |
| CAGR (2020 - 2027) | 5.7% |
| Revenue forecast in 2032 | USD 38.74 Billion |
| Base year for estimation | 2019 |
| Historical data | 2016--2018 |
| Forecast period | 2020--2027 |
| Quantitative units | Revenue in USD Billion, volume in million metric tons; and CAGR from 2020 to 2027 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Types of material, packaging type, animal type, and regions |
| Regional scope | North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
| Country scope | U.S.; Canada; Mexico; U.K.; Germany; France; Italy; Spain; China; India; Japan; South Korea; Brazil; Saudi Arabia; South Africa; Turkey |
| Key companies profiled | Praxair, Air Products and Chemicals, Air Liquide, Linde, Taiyo Nippon Sanso, Cryotec, Bhuruka Gases Limited, Sudanese Liquid Air Company, Cross Country Infrastructure Services Inc., and Canair Nitrogen Inc |
| Customization scope | 10 hours of free customization and expert consultation |
Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now) @ https://www.emergenresearch.com/request-discount/477
Competitive Landscape and Developments
The industrial nitrogen market is fragmented, with a large number of large well as medium-sized companies accounting for a major share in the global market. Intense competition is resulting in companies operating in this market focusing on expanding production capacity to strengthen or expand global footprint. Some of the key players in the market are:
- Praxair
- Air Products and Chemicals
- Air Liquide
- Linde
- Taiyo Nippon Sanso
- Cryotec
- Bhuruka Gases Limited
- Sudanese Liquid Air Company
- Cross Country Infrastructure Services Inc.
- Canair Nitrogen Inc
Strategic Development
In October 2018, Linde Group and Praxair merged to become a single entity with a market cap of USD 90 Billion. The merger would further help to consolidate position in the nitrogen market by becoming a global force in terms of geographic footprint.
On November, 2020, Chart Industries, Inc. completed the takeover of the Microbulk cryogenic tank intellectual property, equipment, and related assets from IC Biomedical. The acquisition adds a new, more efficient engineered food processing tank to their specialty product offering. These tanks help in food plants to push liquid nitrogen into the blending process of chicken nuggets.
In January 2021, CIMC Enric Holdings announced that its subsidiary Zhangjiagang CIMC Sanctum Cryogenic Equipment Co., Ltd. recently initiated the Research & Development activity of liquid nitrogen biological containers for long-term cryogenic storage of vaccines, stem cells, plasma, embryos and multiple tissues and organs for use in the biomedical industry.
Direct Order Can Be Placed Through This Link [Exclusive Copy] @ https://www.emergenresearch.com/select-license/477
Key Highlights of Report and Developments
- Asia Pacific accounted for 28.1% revenue share in the global market in 2019, and is expected to contribute to contribute significantly to market growth.
- Increasing metal production and growing construction industry in countries in Europe and Asia Pacific is resulting in rising demand for industrial nitrogen.
Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/industrial-nitrogen-market
For the purpose of this report, Emergen Research has segmented the global industrial nitrogen market based on form, production technology, distribution and transportation, end-user and regions as follows:
- Form Outlook (Revenue, USD Billion; Volume: Million Metric Tons; 2020-2027)
- Compressed
- Liquid
- Production Technology Outlook (Revenue, USD Billion; 2020-2027)
- Cryogenic Fractional Distillation
- Pressure Swing Adsorption
- Membrane Separation
- Distribution and Transportation Outlook (Revenue, USD Billion; 2020-2027)
- Cylinders
- Bulk
- Tonnage or Pipeline
- End User Outlook (Revenue, USD Billion; 2020-2027)
- Metal Industry
- Food and Beverages
- Oil and Gas
- Chemical
- Electronics
- Regional Outlook (Revenue, USD Billion; 2020-2027)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- Rest of MEA
- North America
Curated Reports You Shouldn't Miss: Dive In Now!
Nanocoatings Market By Product Type (Antimicrobial, Anti-Fouling & Easy-to-Clean, Self-Cleaning. Anti-Fingerprints), By Distribution Channel, By Industry Verticals (Healthcare, Automotive, Building & Construction, Electronics, Marine, Energy, Water Treatment, Packaging), Forecasts to 2027
PVDF Membrane Market By Type (Hydrophobic, Hydrophilic), By Technology (Microfiltration, Ultrafiltration, Nanofiltration), By Application (Bead-based Assays, Sample Preparation, General Filtration), By End-use Industry (Industrial, Biopharmaceutical, Food & Beverage), and By Region Forecast to 2027
Wood Preservatives Market By Application (Commercial, Residential, Industrial), By Formulation (Solvent-based Wood Preservatives, Water-based Wood Preservatives, Oil-based Wood Preservatives), and By Region, Forecasts to 2027
Electrophoresis Market By Product (Electrophoresis Reagents, Electrophoresis Systems, Electrophoresis Software, Gel Documentation Systems), By Application (Research, Quality Control & Process Validation, Diagnostics), By End User (Academic & Research Institutes, Hospitals, Pharmaceutical & Biotechnology Companies, Others), and By Regions, Forecast to 2028
Cellulose-Based Plastics Market Size, Share, Trends, By Type (Cellulose Butyrate, Cellulose Acetate, Cellulose Propionate), By Application (Thermoplastic, Extruded Films, Rods, Sheets, Ophthalmic Goods), By End-use (Food Packaging, Automotive) and By Region Forecast to 2028
Fiber Reinforced Polymer Rebar Market By Fiber Type, By Resin Type (Epoxy, Polyester, Vinyl Easter, Others), By Application (Water Treatment Plants, Highways, Bridges & Buildings, and Others), and By Region Forecast to 2028
Synthetic Leather Market By Type (Polyurethane, Polyvinyl Chloride, Bio-Based), By Application (Footwear, Clothing, Automotive, Bags, Purses & Wallets, Furnishing, Sports, Electronics) and By Region Forecast to 2028
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: https://www.emergenresearch.com/
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Explore Our Japanese Version: Industrial Nitrogen Market
Explore Our Blogs and Insights Section: https://www.emergenresearch.com/insights
Read our Press Release @ https://www.emergenresearch.com/press-release/global-industrial-nitrogen-market
