Global Industrial Nitrogen Market To Power Strappingly And Reach $36.54 Billion By 2032

Zion Market Research forecasts that the global Industrial Nitrogen Market was valued at USD 19.54 Billion in 2023 and is projected to hit USD 36.54 Billion by 2032, with a compound annual growth rate (CAGR) of 7.2% during the forecast period 2024-2032. This market is observing considerable development owing to the increasing pharmaceutical and food & beverage sectors in the up-and-coming Asia Pacific market. Technical enhancements in industrial gas are the major factors powering the development of the global market for industrial nitrogen.

The global market for industrial nitrogen is powered by vendors such Linde, Praxair, Air Liquide, Air Products and Chemicals, and Taiyo Nippon Sanso. Other players in the global market comprise Nexair LLC, Messer Group, and Gulf Cryo. These players used different plans such as agreements & joint ventures, investments & expansions, new product launches, contracts, and acquisitions & mergers to elevate their global market share.

Compressed Gas Category Added Up For The Biggest Share Of The Global Industrial Nitrogen Market

On the basis of form, the industrial nitrogen market is divided into liquid nitrogen and compressed gas. The compressed gas category added up for the biggest share. The vanguard position of this section is because nitrogen gas finds huge application in a large amount of sectors as it is employed to amass flammable materials and petroleum liquefied explosive since it is an active component. Since nitrogen is an inert gas, it is also employed in the production of stainless steel.

Food & Beverage Category Added Up For The Biggest Share Of The Global Industrial Nitrogen Market

On the basis of end-use industry, the industrial liquid nitrogen market is divided into petrochemical, pharmaceuticals & healthcare, food & beverages, metal manufacturing & fabrication, electronics, oil & gas, chemical, and others. The food & beverage category added up for the biggest share of the market. Industrial nitrogen makes a dry surrounding, so foodstuffs do not expire owing to moisture. It is also employed to increase the life span and maintain freshness of products, which assists in the storage and packaging of food & beverages and is powering the requirement for industrial nitrogen in this segment.

Asia Pacific Expected To Develop At The Max Speed In The Years To Come

Asia Pacific added for the biggest share of the global market for industrial nitrogen and is expected to develop at the max speed in the years to come. The rise in the requirement for industrial nitrogen can majorly be credited to the increasing population of the area with increasing industrialization and high disposable revenues in the region.

Browse the full “Industrial Nitrogen Market Form (Compressed, and Liquid), Technology (Membrane Separation, Pressure Swing Adsorption, and Cryogenic Distillation), Grade (Low Purity, and High Purity), Transportation (Pipeline, Bulk, and Cylinder), End-User (Food and Beverage, Automotive, Healthcare, Agrochemicals, Metal Production, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 – 2032” Report at https://www.zionmarketresearch.com/report/industrial-nitrogen-market

The global industrial nitrogen market is segmented as follows:

By Form:

• Compressed gas
• Liquid nitrogen

By Technology:

• Cryogenic fractional distillation
• Pressure swing adsorption
• Membrane separation

By Transportation & Distribution:

• Bulk
• Cylinder & packed gas
• Tonnage/Pipeline

By End-use Industry:

• Metal manufacturing & fabrication
• Oil & gas
• Petrochemical
• Pharmaceutical & healthcare
• Chemical
• Food & beverages
• Electronics

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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