Industrial Nitrogen Market Size, Share, Trends, Growth 2032

Industrial Nitrogen Market Insights

According to a report from Zion Market Research, 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 report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Industrial Nitrogen industry over the next decade.

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Global Industrial Nitrogen Market: Overview

Industrial nitrogen is high-grade purity nitrogen, which is obtained either via mechanical separation or fractional distillation of air. Generally, industrial nitrogen is obtained in a gaseous or liquid form. Liquid nitrogen is a cryogenic liquid, which is used to cool superconductors at high temperatures and transport food items. The global demand for industrial nitrogen can be due to the varied product applications in several end-use industries, such as healthcare, food and beverage, automotive, agrochemicals, metal production, and chemicals, among others.

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Global Industrial Nitrogen Market: Growth Factors

The major growth driver in the global industrial nitrogen market is the rapidly growing food and beverage and steel industries. The rising population has further led to a huge boost in the demand for food products along with the need for maintaining the safety and quality of products simultaneously. Furthermore, nitrogen also helps in keeping food items fresh by reducing the chances of discoloration and spoilage. The rising concerns related to hygienic storage and food safety are anticipated to further fuel this global market over the estimated time period. Additionally, the demand for cryogen by the healthcare industry to preserve and freeze blood, tissues, and reproductive cells, etc.

The development of the healthcare industry due to substantial technological advances are likely to drive the growth of the industrial nitrogen market in the future. The increased use of nitrogen gas in the production of stainless steel and fertilizers, fire suppression systems, aircraft fuel systems are also contributing to the development of the industrial nitrogen market globally in the forthcoming years.

Global Industrial Nitrogen Market: Segmentation

The global industrial nitrogen market is classified into form, technology, grade, transportation, and end-user.

By form, this market includes compressed and liquid.

On the basis of technology, this market is segmented into membrane separation, pressure swing adsorption, and cryogenic distillation.

Based on grade, this market includes low-and high-purity.

By transportation, the market for industrial nitrogen comprises pipeline, bulk, and cylinder.

Food and beverage, automotive, healthcare, agrochemicals, metal production, and others form the end-user segment of the market for industrial nitrogen.

Industrial Nitrogen Market: Report Scope

Global Industrial Nitrogen Market: Regional Analysis

Based on regions, the global Industrial Nitrogen market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

In 2019, the Asia Pacific industrial nitrogen market dominated globally and is anticipated to maintain its position over the estimated period as well. This growth can be attributed to the increase in the regional population, rapid industrialization, various advancements made in the healthcare sector, and the rise in the usage of fertilizers containing ammonia in agrarian countries, such as India, to enhance soil fertility. The North American and European regions are likely to show a good rate of growth in this market over the estimated time period.

This can be due to the increasing metal production of metal and the growing construction industry in both regions. Furthermore, the Latin American and the Middle Eastern and African industrial nitrogen markets are projected to register a substantial rate of growth over the forecast time period.

Global Industrial Nitrogen Market: Competitive Players

Some most important players of the global Industrial Nitrogen market are

• Messer Group
• CanAir Nitrogen
• EPC Engineering & Technologies
• Chengdu Taiyu Industrial Gases
• Parker Hannifin
• Ellenbarrie Industrial Gases
• Universal Industrial Gases
• Praxair Technology
• nexAir
• Air Products and Chemicals
• Linde Group

The global industrial nitrogen market is segmented as follows:

By Form

• Compressed
• Liquid

By Technology

• Membrane Separation
• Pressure Swing Adsorption
• Cryogenic Distillation

By Grade

• Low Purity
• High Purity

By Transportation

• Pipeline
• Bulk
• Cylinder

By End-User

• Food and Beverage
• Automotive
• Healthcare
• Agrochemicals
• Metal Production
• Others

Industrial Nitrogen Market: Regional Segment Analysis

• 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