Nitrogen Market Size, Share, Growth Report 2030

Nitrogen Market

Nitrogen Market- By Product (Compressed Gas and Liquid Nitrogen), By End-Use Industry (Petrochemical, Oil & Gas, Metal Manufacturing & Fabrication, Electronics, Pharmaceuticals & Healthcare, Chemicals, and Food & Beverage), By Application (Commercial and Industrial), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2028

Category: Chemical & Materials Report Format : PDF Pages: 150 Report Code: ZMR-6817 Published Date: Nov-2021 Status : Published

The global nitrogen market earned 27.45 billion dollars in 2020 and is expected to make 40.25 billion dollars by 2028, a 4.7% CAGR.

The global Nitrogen Market accrued earnings worth approximately 27.45 (USD Billion) in 2020 and is predicted to gain revenue of about 40.25(USD Billion) by 2028, is set to record a CAGR of nearly 4.7% over the period from 2021 to 2028. The report offers assessment and analysis of the Nitrogen Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).

Nitrogen Market: Overview

Nitrogen – a colorless & odorless gas- is a non-combustible & non-toxic in nature. Moreover, air comprises major percentage of nitrogen and utilized in food processing activities. In addition to this, nitrogen gas also finds myriad applications in air conditioning & refrigeration systems. It is also utilized in pressurizing tires of airplane. However, a large proportion of nitrogen available in biosphere is in N2 form and can be useful only when fixed abiotically in NH3 form. After fixing nitrogen into NH3, it is assimilated or converted into either organic N or nitrified into NO3. Furthermore, this nitrate can be transformed into N20 through process of nitrification & de-nitrification. Additionally, occurrence of nitrification takes place in aerobic habitats while de-nitrification is found in anaerobic habitats including water-logged soils & sediments.

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Nitrogen Market: Growth Drivers

Thriving food & beverages sector is set to make major contributions towards nitrogen market size in years ahead. In addition to this, nitrogen is utilized in packaging of food products as well as other materials, thereby preventing oxidation or spoilage of food products as well as rusting of materials. This, in turn, will amplify scope of market growth in ensuing years. Apart from this, nitrogen helps in increasing shelf life of product and this factor is predicted to play a pivotal role in influencing growth of nitrogen market. Additionally, liquid nitrogen finds plethora of applications in agrochemicals, oil & gas, healthcare, electronics, chemicals, food processing, automotive, and metalworking sectors. With industrial gas units making use of cost-efficient pressure swing adsorption method for nitrogen gas production, the nitrogen industry is predicted to expand exponentially in ensuing years. Nonetheless, lack of safety measures during nitrogen handling in aerospace and steel manufacturing industries will put brakes on expansion of nitrogen industry.

Global Nitrogen Market: Report Scope:

Report Attributes Report Details
Report Name Nitrogen Market
Market Size in 2020 USD 27.45 Billion
Market Forecast in 2028 USD 40.25 Billion
Compound Annual Growth Rate CAGR of 4.7%
Number of Pages 152
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered Messer Group, Air Liquide, Emirates Industrial Gases Co. LLC, Linde Group, Gulf Cryo, Praxair Inc., Taiyo Nippon Sanso Corporation, Air Products and Chemicals, Southern Industrial Gas Berhad, and nexAir.
Segments Covered By Product type, By End-Use Industry, By Application And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latian America, Middle East and Africa (MEA)
Countries Covered North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2021
Historical Year 2018 to 2020
Forecast Year 2021 - 2028
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Regional Landscape

Asia Pacific Nitrogen Market To Record Highest CAGR Over 2021-2028

Growth of nitrogen market in Asia Pacific zone over assessment period is subject to presence of key nitrogen manufacturers in the sub-continent. Additionally, large-scale use of nitrogen in food processing and metal production activities in emerging economies will elevate growth curve of nitrogen market in Asia Pacific. Moreover, need for improving crop yield has prompted use of nitrogen in farming. This, in turn, has triggered business scope in region. 

Competitive Landscape

Some of the major participants of nitrogen industry have a deep impact on its growth and we have profiled some of them in our market research report. They include Messer Group, Air Liquide, Emirates Industrial Gases Co. LLC, Linde Group, Gulf Cryo, Praxair Inc., Taiyo Nippon Sanso Corporation, Air Products and Chemicals, Southern Industrial Gas Berhad, and nexAir.

The global Nitrogen Market is segmented as follows:

By Product

  • Liquid Nitrogen
  • Compressed Gas

By End-Use Industry

  • Petrochemical
  • Food & Beverage
  • Oil & Gas
  • Metal Manufacturing & Fabrication
  • Electronics
  • Pharmaceuticals & Healthcare
  • Chemicals

By Application

  • Commercial
  • Industrial

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

Table Of Content

Methodology

FrequentlyAsked Questions

Thriving food & beverages sector is set to make major contributions towards nitrogen market size in years ahead. In addition to this, nitrogen is utilized in packaging of food products as well as other materials, thereby preventing oxidation or spoilage of food products as well as rusting of materials. This, in turn, will amplify scope of market growth in ensuing years. Apart from this, nitrogen helps in increasing shelf life of product and this factor is predicted to play a pivotal role in influencing growth of nitrogen market. Additionally, liquid nitrogen finds plethora of applications in agrochemicals, oil & gas, healthcare, electronics, chemicals, food processing, automotive, and metalworking sectors. With industrial gas units making use of cost-efficient pressure swing adsorption method for nitrogen gas production, the nitrogen industry is predicted to expand exponentially in ensuing years.    

According to Zion market research report, the global Nitrogen Market accrued earnings worth approximately 27.45 (USD Billion) in 2020 and is predicted to gain revenue of about 40.25(USD Billion) by 2028, is set to record a CAGR of nearly 4.7% over the period from 2021 to 2028.

Asia Pacific will contribute lucratively towards the regional market size over the projected timeline. The regional market surge is subject to presence of key nitrogen manufacturers in the sub-continent. Additionally, large-scale use of nitrogen in food processing and metal production activities in emerging economies will elevate growth curve of nitrogen market in Asia Pacific. Additionally, need for improving crop yield has prompted use of nitrogen in farming. This, in turn, has triggered business scope in region. 

The key market participants include Messer Group, Air Liquide, Emirates Industrial Gases Co. LLC, Linde Group, Gulf Cryo, Praxair Inc., Taiyo Nippon Sanso Corporation, Air Products and Chemicals, Southern Industrial Gas Berhad, and nexAir.

 

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