Industrial Nitrogen Market Research Report – Forecast to 2030

Industrial Nitrogen Market: Information by Process (Fractional Distillation, Mechanical Separation), Type (Compressed Gas, Liquid), End-Use Industry (Food & Beverage, Healthcare, Agrochemicals, Metal Production, Others), Region—Forecast till 2030

ID: MRFR/CnM/4865-HCR | January 2023 | Region: Global | 100 Pages         

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Industrial Nitrogen Market

Industrial Nitrogen Market is projected to be worth USD 39.96 Billion by 2030, registering a CAGR of 5.88% during the forecast period (2021 - 2028).

Segmentation
By Process Fractional Distillation Mechanical Separation
By Type Compressed Gas Liquid
By End-User Industry Food & Beverage Healthcare Agrochemicals Metal Production Others
Key Players
Companies Profiled   Linde Group (Germany)   Air Products and Chemicals Inc. (US)   Praxair Technology Inc. (US)   Ellenbarrie Industrial Gases (India)   Universal Industrial Gases Inc. (US)   CanAir Nitrogen Inc. (Canada)   Messer Group GmbH (Germany)   Parker Hannifin Corp. (US)   Chengdu Taiyu Industrial Gases Co.   nexAir LLC (US)   EPC Engineering & Technologies GmbH.
Drivers
Market Driving Forces   Rapid growth of the steel and food & beverage industries   growing concern for food safety and hygienic storage
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Industrial Nitrogen Market Overview Industrial Nitrogen Market is projected to be worth USD 39.96 Billion by 2030, registering a CAGR of 5.88% during the forecast period (2021 - 2028). Ammonia, cyanides, nitric acid, nitrates, and oxides are all made from nitrogen, which is a colorless and odorless chemical element. It is widely utilized in fertilizer production, as well as a range of food and beverage industries, as well as the production of medicinal drugs like antibiotics. As a result of its higher process efficiency, nitrogen is being more widely used in the oil and gas industry for inertization, well stimulation, and drilling. In addition, the growing popularity of modified environment packaging solutions that substitute oxygen-containing air with nitrogen to reduce rancidity in the food and beverage industries will fuel industry growth in the future years. Factors such as its use as a retention agent in the food and beverage industries are fueling the market growth. The region's expanding population with high disposable incomes and developing industrialization, which would further pave the way for market growth, are expected to hinder the industrial nitrogen market's growth during the forecast period. Furthermore, its characteristics, such as extending the shelf life of foods and maintaining their freshness, increase the need for industrial nitrogen, which is expected to slow the overall market's growth. Technical developments in industrial gas are projected to open up a variety of opportunities for businesses in the industrial nitrogen market.Global Industrial Nitrogen Market Share, by End-Use Industry, 2017 (%)


Industrial Nitrogen Market Share


Source: MRFR analysis


Regional Analysis


The global industrial nitrogen market has been segmented into five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia-Pacific accounted for the largest share of the global industrial nitrogen market in 2017. This can be attributed to rapid industrialization and expanding population in the region. Moreover, the advancements in the healthcare sector in this region are likely to boost the demand for industrial nitrogen in the coming years. Also, the increasing use of ammonia-based fertilizers in agrarian countries to increase the fertility of land is expected to drive market growth during the forecast period.


North America and Europe are the other significant markets for industrial nitrogen. The growth of the metal production and construction industries in these regions are likely to drive the growth of the industrial nitrogen market. Lastly, the markets in Latin America and the Middle East & Africa are estimated to witness substantial growth during the forecast period.


Market Segmentation


The global industrial nitrogen market has been segmented on the basis of process, type, end-use industry, and region.


Based on process, the global industrial nitrogen market has been divided into fractional distillation, membrane separation, and pressure swing adsorption (PSA).


Based on type, the global industrial nitrogen market has been classified as compressed gas and liquid.


By end-use industry, the global industrial nitrogen market has been categorized as food & beverage, healthcare, agrochemicals, metal production, automotive, and others.


The global industrial nitrogen market has been studied with respect to five key regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.


Key Players


Some of the leading players in the global industrial nitrogen market are the Linde Group (Germany), Air Products and Chemicals Inc. (US), Praxair Technology Inc. (US), Ellenbarrie Industrial Gases (India), Universal Industrial Gases, Inc. (US), CanAir Nitrogen Inc. (Canada), Messer Group GmbH (Germany), Parker Hannifin Corp. (US), Chengdu Taiyu Industrial Gases Co. (China), nexAir LLC (US), and EPC Engineering & Technologies GmbH (Germany).Recent DevelopmentFebruary 2022: Messer, the industrial gases giant, announced today the expansion of its China activities with the start-up of a new generator in Xiangtan, Hunan Province (7th March). The generator is located on the campus of Hunan Yuneng New Energy Battery Materials Co., Ltd. (Yuneng), a significant Messer customer that will get nitrogen from the remote-controlled on-site plant. Yuneng, China's largest maker of lithium iron phosphate (LFP) – the cathode material for lithium-ion batteries – has partnered with Messer since the company's first manufacturing facility in Xiangtan opened in 2016.


Recent Development


Messer, the industrial gases behemoth, announced the start-up of a new generator in Xiangtan, Hunan Province, as part of its China growth (7th March). The generator may be found on the Hunan Yuneng New Energy Battery Materials Co., Ltd. campus. Yuneng is a major Messer customer who will receive nitrogen from the on-site remote-controlled facility. Since the company's first manufacturing facility in Xiangtan opened in 2016, Yuneng, China's largest maker of lithium iron phosphate (LFP) – the cathode material for lithium-ion batteries – has teamed with Messer.

Intended Audience



  • Industrial nitrogen manufacturers

  • Traders and distributors of industrial nitrogen

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratories



Report Scope:

Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   2030: Substantial CAGR
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Process, Type, End-Use Industry
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Linde Group (Germany), Air Products and Chemicals Inc. (US), Praxair Technology Inc. (US), Ellenbarrie Industrial Gases (India), Universal Industrial Gases, Inc. (US), CanAir Nitrogen Inc. (Canada), Messer Group GmbH (Germany), Parker Hannifin Corp. (US), Chengdu Taiyu Industrial Gases Co. (China), nexAir LLC (US), and EPC Engineering & Technologies GmbH (Germany).
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers

  • rapid growth of the steel and food & beverage industries
  • growing concern for food safety and hygienic storage


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    Frequently Asked Questions (FAQ) :

    Food & beverage, automotive, healthcare, agrochemicals, chemicals, and metal production, are the major end-use industries of industrial nitrogen.

    Asia Pacific holds the largest share in the global industrial nitrogen market followed by North America and Europe, respectively.

    Air Products and Chemicals Inc. (US), the Linde Group (Germany), Praxair Technology Inc. (US), Universal Industrial Gases, Inc. (US), Ellenbarrie Industrial Gases (India), CanAir Nitrogen Inc. (Canada), Parker Hannifin Corp. (US), Messer Group GmbH (Germany), Chengdu Taiyu Industrial Gases Co. (China), EPC Engineering & Technologies GmbH (Germany), and nexAir LLC (US), are some of the leading players in the global industrial nitrogen market.

    Strategic initiatives such as mergers & acquisitions, collaborations, expansion, and technology/ product launch are some of the growth strategies that players operating in the global industrial nitrogen market adopt to gain a larger competitive advantage.