Nitrogen Market Overview
“The Nitrogen Market Predictable at $28 billion in 2022, is estimated to increase at a CAGR of 8.57% from $34 billion in 2023 to $75 billion by 2030.”
The nitrogen market involves the sale of industrial nitrogen and related services used in steel production and food packaging to prevent spoilage and oxidation in various industries.
The nitrogen market is thriving due to the expanding food and beverage industry. Nitrogen gas is used in packaging food goods to prevent oxygen from contacting the food, extending its shelf life and preserving its quality. This growth has led to a significant increase in the demand for nitrogen, thereby enhancing the food industry's efficiency.
Industrial nitrogen, a pure element produced through mechanical purification of air, is used in various end-use processes like metal production, food, drinks, chemicals, and agrochemicals. Due to population growth in emerging nations, there is a growing need to ensure the quality and safety of processed food products.
The global nitrogen market is expected to grow due to rising demand in the chemical sector for industrial nitrogen, driven by developments in the nitrogen fraction distillation process. This is due to the need for cost-effective and logistically challenging nitrogen gas cylinders, and the increasing demand for better food preservation techniques. The best alternative is a nitrogen generator.
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Market Dynamics
Growth Factors
The market demand for nitrogen is increasing due to its expanding use across various sectors. Due to its low price, industrial nitrogen has gained popularity worldwide. Technological improvements have made it a viable alternative for various sectors, making it a cost-effective solution.
The expanding needs of the general public in terms of nitrogen.
Cheap price of nitrogen.
The industry's rising need for nitrogen
Market Drivers
Increasing applications
The global industrial nitrogen market is expanding due to the increasing use of nitrogen in the food and beverage industry. Nitrogen gas is commonly used in packaging food products to extend shelf life and prevent food deterioration. This growth is fueled by the expanding food and beverage sector, which benefits from nitrogen gas's ability to prevent oxygen from contacting food, thereby preserving its quality. The market also benefits from rapid industry improvements worldwide.
Rising demand of nitrogen –
The global market for industrial nitrogen is expected to expand due to rising industrial nitrogen demand, particularly in the chemical industry, and advancements in cryogenic fraction distillation. The growing demand for better food preservation methods is also expected to drive market growth.
Opportunities
Higher demand from the chemical industry
Nitrogen gas is essential in the chemical industry for safety, integrity, and fire prevention. It is used to remove impurities from liquids and transport goods between tanks under pressure. Nitrogen gas is forced into the tank head area at chemical processing and storage plants to prevent product degradation or contamination. This provides lucrative economic opportunities in the chemical industry.
Challenges
Negative aspects of nitrogen –
Liquid nitrogen, with a boiling point of -196C, is used in cryogenics, machinery cooling, and treating excess skin and pre-cancerous cells. However, it can rapidly freeze skin tissues and cause cold burns. It may also expand in the stomach if swallowed. Handling liquid nitrogen requires proper safety precautions, as it can cause frostbite and cryogenic burns similar to those caused by steam or hot oil. These factors hinder the growth of the liquid nitrogen sector.
Competitive Landscape of the Nitrogen Market
Recent Developments in Nitrogen Market
In October 2019 – Southern Industrial Gases was purchased by Air Liquide, a French multinational corporation that offers industrial gases and services, for an unknown sum. By acquiring Southern Industrial Gases Sdn Bhd, Air Liquide would be able to fill twice as many packaged gases in Malaysia. Malaysia-based Southern Industrial Gases is a provider of industrial gas solutions and services.
In September 2022, Corteva Inc., an American agricultural chemical company acquired Symborg for an undisclosed amount. The acquisition enables Corteva to produce advanced biologicals portfolio. Symborg is a Spanish new-tech nitrogen tool company.
In 2021, Linde plc announced the expansion of its air separation unit (ASU) in Russia to meet the growing demand for nitrogen in the country. The expansion was aimed at increasing the company's production capacity and enhancing its position in the global nitrogen market.
In 2020, Praxair, Inc. merged with Linde AG to form Linde plc, creating the world's largest industrial gas company. The merger was aimed at enhancing the companies' ability to compete globally and expand their product offerings in the nitrogen market.
In 2020, Air Products and Chemicals, Inc. announced a strategic investment in a new air separation unit in China to supply nitrogen to its customers in the country. The investment was aimed at increasing the company's production capacity and enhancing its position in the global nitrogen market.
In 2020, Messer Group GmbH acquired Linde's gasses business in North America to expand its presence in the region and enhance its product offerings in the nitrogen market.
In 2020, CF Industries Holdings, Inc. announced the completion of its nitrogen capacity expansion project at its Donaldsonville Nitrogen Complex in Louisiana, USA. The expansion was aimed at increasing the company's production capacity and enhancing its position in the global nitrogen market.
Regional Insights
The Asia-Pacific region is expected to remain a significant market for nitrogen, accounting for the majority of the global nitrogen market. This is due to the region's rapid population growth and the anticipated improvement in the healthcare system, which is expected to increase the demand for nitrogen in the coming years.
The market is expected to grow due to the increasing use of ammonia-based fertilizers in agricultural countries, driven by industrialization and growth in end-use industries like food and beverage. The prospects are also enhanced by the implementation of improved nitrogen manufacturing methods.
The demand for industrial nitrogen is expected to peak in North America and Europe, potentially offering unattractive additional opportunities. The expanding chemical and pharmaceutical sectors are expected to drive the market in Europe, causing an increase in liquid nitrogen demand.
Segments Covered in the Nitrogen Market
Nitrogen Market By Product Type
- Compressed gas
- Liquid nitrogen
Nitrogen Market By Application
- Commercial
- Industrial
- Science and research
Nitrogen Market By End-User
- Petrochemical
- Oil and gas
- Metal manufacturing and fabrication
- Food and beverage
- Electronics
- Pharmaceutical and healthcare
- Chemical
Nitrogen Market By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa (MEA)
Frequently Asked Questions:
What is the current size of nitrogen market?
The Nitrogen Market Predictable at $28 billion in 2022, is estimated to increase at a CAGR of 8.57% from $34 billion in 2023 to $75 billion by 2030.
What will be the CAGR of global nitrogen market?
The global nitrogen market is poised to grow at a CAGR of 8.57% from 2023 to 2032.
Who are the prominent players operating in the nitrogen market?
The major players operating in the nitrogen market are Air Liquide, Yingde Gases Group Company, Linde Group, Praxair Inc., nexAir, CanAir Nitrogen, Chengdu Taiyu Industrial Gases, Universal Industrial Gases, Air Products and Chemicals, Messer Group, Southern Industrial Gas Berhad, Taiyo Nippon Sanso, Corporation, Gulf Cryo, Emirates Industrial Gases Co. LLC
Which are the driving factors of the nitrogen market?
Increasing demand for industrial nitrogen in the chemical sector, increasing use in the food and beverage sector and rising use in the health care sector & the manufacture of pharmaceuticals these are driving the growth of the nitrogen market.
- Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
- Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
- Executive Summary
3.1. Market Snapshot
- Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
- COVID 19 Impact on Nitrogen Market
5.1. COVID-19 Landscape: Nitrogen Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
- Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
- Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
- Global Nitrogen Market, By Product Type
8.1. Nitrogen Market, by Product Type, 2022-2030
8.1.1 Compressed gas
8.1.1.1. Market Revenue and Forecast
8.1.2. Liquid nitrogen
8.1.2.1. Market Revenue and Forecast
- Global Nitrogen Market, By Application
9.1. Nitrogen Market, by Application, 2022-2030
9.1.1. Commercial
9.1.1.1. Market Revenue and Forecast
9.1.2. Industrial
9.1.2.1. Market Revenue and Forecast
9.1.3. Science and research
9.1.3.1. Market Revenue and Forecast
- Global Nitrogen Market, By End-User
10.1. Nitrogen Market, by End-User, 2022-2030
10.1.1. Petrochemical
10.1.1.1. Market Revenue and Forecast
10.1.2. Oil and gas
10.1.2.1. Market Revenue and Forecast
10.1.3. Metal manufacturing and fabrication
10.1.3.1. Market Revenue and Forecast
10.1.4. Food and beverage
10.1.4.1. Market Revenue and Forecast
10.1.5. Electronics
10.1.5.1. Market Revenue and Forecast
10.1.6. Pharmaceutical and healthcare
10.1.6.1. Market Revenue and Forecast
10.1.7. Chemical
10.1.7.1. Market Revenue and Forecast
- Global Nitrogen Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Product Type
11.1.2. Market Revenue and Forecast, by Application
11.1.3. Market Revenue and Forecast, by End-User
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Product Type
11.1.5.2. Market Revenue and Forecast, by Application
11.1.5.3. Market Revenue and Forecast, by End-User
11.2. Europe
11.2.1. Market Revenue and Forecast, by Product Type
11.2.2. Market Revenue and Forecast, by Application
11.2.3. Market Revenue and Forecast, by End-User
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Product Type
11.2.7.2. Market Revenue and Forecast, by Application
11.2.7.3. Market Revenue and Forecast, by End-User
11.3. APAC
11.3.1. Market Revenue and Forecast, by Product Type
11.3.2. Market Revenue and Forecast, by Application
11.3.3. Market Revenue and Forecast, by End-User
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Product Type
11.3.7.2. Market Revenue and Forecast, by Application
11.3.7.3. Market Revenue and Forecast, by End-User
11.4. MEA
11.4.1. Market Revenue and Forecast, by Product Type
11.4.2. Market Revenue and Forecast, by Application
11.4.3. Market Revenue and Forecast, by End-User
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Product Type
11.4.7.2. Market Revenue and Forecast, by Application
11.4.7.3. Market Revenue and Forecast, by End-User
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Product Type
11.5.2. Market Revenue and Forecast, by Application
11.5.3. Market Revenue and Forecast, by End-User
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Product Type
11.5.5.2. Market Revenue and Forecast, by Application
11.5.5.3. Market Revenue and Forecast, by End-User
- Company Profiles
12.1. Air Liquide
12.2. Yingde Gases Group Company
12.3. Linde Group
12.4. Praxair Inc.
12.5. nexAir
12.6. CanAir Nitrogen
12.7. Chengdu Taiyu Industrial Gases
12.8. Universal Industrial Gases
12.9. Air Products and Chemicals
12.10. Messer Group
- Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
- Appendix
14.1. About Us
14.2. Glossary of Terms
