Industry Updates:

In November 2018, Dearman and Air Products, an industrial gas supplier, have collaboratively unveiled a new liquid nitrogen refueler to be used for industrial purposes.

In November 2018, Pfingsten Partners has announced that it has acquired South-Tek Systems, LLC, a manufacturer of industrial nitrogen generators.

Key Players:

The key players profiled by MRFR that are operating in the global industrial nitrogen market are Linde Group (Germany), Air Products and Chemicals Inc. (the U.S.), Praxair Technology Inc. (the U.S.), Ellenbarrie Industrial Gases (India), Universal Industrial Gases, Inc. (the U.S.), CanAir Nitrogen Inc. (Canada), Messer Group GmbH (Germany), Parker Hannifin Corp. (the U.S.), Chengdu Taiyu Industrial Gases Co. (China), nexAir LLC (the U.S.), and EPC Engineering & Technologies GmbH (Germany)

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Global Industrial Nitrogen Market to Expand Significantly During The Forecast Period Of 2018-2023

Market Overview:

Industrial nitrogen is an inert gas that is majorly utilized during electronics assembly and semiconductor production. The liquid and gaseous forms of nitrogen find their application in wide range of industries such as pharmaceuticals, chemicals, metal refining and fabrication processes, pulp and paper manufacturing, healthcare, petroleum processing and others. Market Research Future (MRFR) has published a report stating that the global industrial nitrogen market is marked to expand at a significant growth rate during the forecast period of 2018-2023.

Market Drivers and Restraints:

various important industrial compounds such as ammonia, nitric acid and cyanides are derived by using nitrogen as a raw material. Hence, high demand for industrial compounds is leading to the significant growth of the global industrial nitrogen market. Increased demand for frozen food products is leading to the rise in utilization of nitrogen as an ideal coolant in the food and beverages industry, which in turn is propelling the growth of the global industrial nitrogen market. Rapid industrialization and large-scale production of nitrogen from natural or artificial sources in order to use it as fertilizer in agriculture industry are also fueling the growth of the global industrial nitrogen market. However, rise in concerns regarding the adverse effects of nitrogen-based fertilizers on health as well as on environment is likely to restrain the expansion of the global industrial nitrogen market.

Market Segmentation:

The global industrial nitrogen market is segmented on the basis of type, process and end-use industry. Based on process, the industrial nitrogen market is segmented into fractional distillation, membrane separation, and pressure swing adsorption (PSA). The fractional distillation segment is forecasted to command for the largest share in the global industrial nitrogen market during the assessment period. Based on type, the industrial nitrogen market is segmented into compressed gas and liquid. The liquid form of nitrogen is majorly used as an ideal coolant for various applications, especially food freezing. The gaseous form of nitrogen is used to prevent potentially reactive materials from coming in contact with oxygen for quality control and safety purposes. By end-use industry, the industrial nitrogen market is segmented into food & beverage, agrochemicals, healthcare, automotive, metal production, and others.

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Regional Analysis:

Geographically, the global industrial nitrogen market has been segmented into five major regions such as Europe, Latin America, North America, Asia Pacific and the Middle East and Africa. The industrial nitrogen market in the Asia Pacific region command for a major share in the global market owing to the large-scale production of nitrogen to be utilized for industrial purposes and high demand from various end-use industries as a result of rapid industrialization in this region. Advancement in healthcare sector, expansion of construction and metal refining industries are driving the industrial nitrogen market in the Europe region. Increasing demand for industrial nitrogen in the food and beverage industry as it is an excellent coolant and rise in popularity of frozen foods are propelling the growth of the industrial nitrogen market in the North America region. Rapid industrialization and improving economic conditions are leading to the substantial growth of the industrial nitrogen market in the Latin America region.