Industrial Nitrogen Market Revenue, Statistics, Industry Growth and Demand Analysis Research Report by 2027

The industrial nitrogen market is expected to reach value of USD 29.36 Billion by 2027, according to a current analysis by Emergen Research. Liquid nitrogen is widely used in packaging of medical products as it helps to ensure and maintain product sterility. High purity nitrogen gas is introduced into the packaging before it is sealed, thereby creating a sterile environment to preserve and protect products during transportation and storage. Test kits for doctors’ offices, blood supplies, specimen containers, and other medical devices are examples of products frequently packaged with nitrogen gas.

Nitrogen generators are systems that produce high quality nitrogen gas and are used in medical equipment in laboratories and hospitals. Nitrogen generators are safer to use and easier to handle than high-force cylinders. These generators can be sued to control the amount of oxygen in the workspace, laboratories, or an entire enclosed area. Nitrogen generators are highly productive and efficient, and create a supply of nitrogen from the surrounding air. Not only do these systems enhance safety of facilities, but also lower costs and enables higher sterility and levels of operations at laboratories.

Factors influencing the growth of the Industrial Nitrogen market and impacting the growth of the industry are studied extensively in the report. The report considers the COVID-19 pandemic as one of the key influencing factors of the Industrial Nitrogen market. The report discusses in detail the positive and negative impact of the pandemic on the Industrial Nitrogen industry. The supply chain disruptions and economic volatility have altered the dynamics of the Industrial Nitrogen industry. The report explores the effects of the pandemic on the market and its key segments and regions. It also offers a forecast estimation of the market growth in a post-COVID-19 scenario.

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The Global Industrial Nitrogen Market report provides full coverage of the companies’ data, including details about their production and manufacturing capacity, product portfolio, business overview, revenue, gross profit margins, sales network and distribution channel, financial standing, and market position. The report also studies business strategies and strategic alliances undertaken by companies to gain a robust footing in the market. The report sheds light on the mergers and acquisitions, collaborations, joint ventures, brand promotions and product launches, agreements and partnerships, and corporate and government deals. The comprehensive analysis of the competitive landscape offers the readers a deeper understanding about the competitors.

Competitive Terrain:

The Global Industrial Nitrogen Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold.

Global Industrial Nitrogen Market Report – Table of Contents:

Chapter 1 includes the global Industrial Nitrogen market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
Chapter 2 broadly categorizes the Industrial Nitrogen market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
Chapter 3 elaborates on the competitive outlook of the Industrial Nitrogen market, focusing on the major manufacturers and vendor landscape.
Chapter 4 exhaustively studies the key manufacturers of the Industrial Nitrogen industry, along with their anticipated sales and revenue shares.

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Key Highlights of Report and Developments

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.
In November 2020, Chart Industries, Inc. (NASDAQ: GTLS) completed the takeover of the Microbulk cryogenic tank intellectual property, equipment, and related assets from IC Biomedical (ICB). Additionally, the acquisition adds a new, efficient engineered food processing tank to Chart Industries’ specialty product offering. These tanks are used in food plants to push liquid nitrogen into the blending process of chicken nuggets.
In 2019, Asia Pacific accounted for largest share of the global industrial nitrogen market revenue, and revenue share is projected to register the highest CAGR during the forecast period. Demand for industrial nitrogen for food processing and packaging applications has been rising as a result of increasing food demand driven by a rapidly growing global population in countries in this region, as well as growing disposable income, changing lifestyle, improving living standards among consumers, and rapid industrialization.

Key players operating in the market include 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.

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For the purpose of this report, Emergen Research has segmented the global industrial nitrogen market based on form, production technology, distribution and transportation, end-use, and region:

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
  1. S.
  2. Canada
- Europe
  1. Germany
  2. K.
  3. France
  4. BENELUX
  5. Rest of Europe
- Asia Pacific
  1. China
  2. Japan
  3. South Korea
  4. Rest of APAC
- Latin America
  1. Brazil
  2. Rest of LATAM
- Middle East & Africa
  1. Saudi Arabia
  2. UAE
  3. Rest of MEA