Report Overview

Global Industrial Nitrogen Market Forecast and Trends

The global Industrial Nitrogen market has reached USD 16.59 Billion in 2019 and estimated to reach USD 23.759 Billion in 2026 and anticipated to grow by CAGR of 5.28% during the forecast period 2020-2026. The fast-growing food and beverage and steel industries are the most significant growth factor in the global industrial nitrogen market. The fast-growing food and beverage and steel industries are the most significant growth factor in the global industrial nitrogen market.

Furthermore, the rising population has led to a considerable increase in demand for food products, along with the need to preserve product safety and quality at the same time. Nitrogen also helps to keep food items fresh by reducing the likelihood of discoloration and spoilage. The growing concerns regarding hygienic storage and food safety are expected to drive this global market further over the projected period.

Furthermore, the healthcare industry's demand for cryogen to preserve and freeze blood, tissues, and reproductive cells, etc. are fueling the market. The growth in the healthcare industry is most likely to drive the growth of the industrial nitrogen market in the forthcoming years. The growing use of nitrogen gas in the manufacture of stainless steel and fertilizers, fire suppression systems, and aircraft fuel systems will also lead to the global development of the industrial nitrogen sector in the coming years.

Global Industrial Nitrogen Market: Overview

Industrial nitrogen is high purity nitrogen, obtained either through mechanical separation or fractional air distillation. Industrial nitrogen typically obtained in a liquid or a gaseous form. Liquid nitrogen is a cryogenic liquid generally used for cooling superconductors at high temperatures and for transporting foodstuffs. Nitrogen is a non-metal with no characteristic color, odor, and taste, and under normal conditions, it is flammable, soluble in water. It is abundantly present in the surrounding air (about 78 percent) and acts as a crucial element for all living organisms to survive. Nitrogen is the staple ingredient for packing, blanketing, chemicals or metals removal and stirring chemical handling, and shipping in the manufacturing sector. Nitrogen is also used to extinguish flames, to pressure equipment and to freeze the soil.  Because of these applications, it is used in different industries, including mining, pharmaceutical, healthcare, food and beverage, telecommunications, etc.

Growth drivers

Growth of the Food & Beverage Industry

Industrial nitrogen demand is increasing because of rising demand from the food and beverage sector. Nitrogen is commonly used for food aeration, packaging, and storage in the food and beverage industry to increase food products ' shelf life. It is used for the winemaking at the time of fermentation to avoid oxidation, which preserves the product quality. Increasing demand for nitrogen in new food and beverage processing plants due to the increased demand for preserved and processed food products worldwide expected to fuel market growth in the near coming period.

Growing Demand for Nitrogen from the Chemical Process Industry

Industrial nitrogen market is growing at a steady pace, due to the extensive application area and higher demand from the chemical process industry. Due to its higher versatility with efficient and convenient production methods, nitrogen known as one of the most important gases in the chemical process industry. Nitrogen is commonly used in industrial applications to clean the tanks, tubing, and other industrial equipment. It is also used in the blanketing and labeling of gasses to prevent oxygen reaction with other chemicals. In the chemical process industry, nitrogen gas also finds use to eliminate waste from the industrial process by stripping and sparing.

Restraint

Structural and Regulatory Restrictions

The nitrogen emission regulations primarily hinder the growth of the industrial nitrogen sector. The production of nitrogen has emerged as a significant environmental concern globally. Nitrogen is emitted from power plants and industrial boilers in the form of nitrogen oxides, which contribute immensely to air pollution.  Increasing the flow of reactive nitrogen across different industries to produce chemicals, fertilizers, and other products increase the level of nitrogen-related emissions. The legislation placed on environmental protection by regulatory bodies such as the European Union (EU) could harm market growth during the forecast period.

Global Industrial Nitrogen Market: Form

Based on Form, the global market for nitrogen segmented into compressed gas and liquid nitrogen. During the forecast period, the compressed gas segment is expected to hold the largest market share. Growing demand from the oil & gas and metal manufacturing industries drives market growth for the sector of compressed gas. Compressed gas is used in the oil & gas industries for processing explosive and flammable liquefied petroleum products. Because nitrogen is an inert gas, it is also used in the manufacture of stainless steel, and additionally, liquid nitrogen is commonly used in food and beverage industries for food congelation and storage applications.

Global Industrial Nitrogen Market: Technology

Based on the technology, the global industrial nitrogen market is segmented into cryogenic fractional distillation, membrane separation, and pressure swing adsorption. During the forecast period, the cryogenic segment is expected to hold significant market share. Cryogenic distillation technology is used to isolate chemicals such as propylene and propane, with very low boiling points. Thi technique is used in various industries, including oil & gas, pharmaceuticals, and the beer and wine industries. Pressure swing adsorption technique is used to separate certain gas species from a mixture of gases under pressure by molecular characteristics of the gas species.

Global Industrial Nitrogen Market: Transportation and Distribution

Based on transport and distribution, the industrial nitrogen market segmented into cylinders & packaged gas, bulk, and tonnage/pipeline. The segment Cylinders & packaged gas dominated the market and projected to grow during the forecast period at a high CAGR in terms of revenue. The cylinders ' simple to carry property is expected to drive the market. Compared with pipeline systems, cylinders are easy to install and maintain.

Global Industrial Nitrogen Market: End-Use Industry

Based on the End-Use Industry, the industrial liquid nitrogen market is segmented into food & beverages, pharmaceuticals & healthcare, electronics, metal processing & manufacturing, chemical, oil & gas, petrochemical, and others (construction, automotive, R&D, rubber, and plastics). The food & beverage sector held the largest market share in the global nitrogen industrial sector. Industrial nitrogen produces a dry atmosphere, so the moisture does not cause foodstuffs to die. It’s also used to maintain freshness and raise the shelf-life of products, which helps the packaging and storage of food and beverages in this sector to drive demand for industrial nitrogen.

Furthermore, the growing concern for food safety and hygienic storage during the forecast period is likely to drive market growth for the food & beverage segment. In terms of value, it is estimated that the pharmaceutical & healthcare sector will grow at the highest CAGR between 2020 and 2026. Increasing demand in the healthcare sector for nitrogen gas as a cryogen to preserve cell tissue, blood, reproductive cells, and other samples is driving the market growth.

Global Industrial Nitrogen Market: Regional Insights

Geographically, the global industrial nitrogen market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. During the forecast period, Asia Pacific is expected to see significant growth in the industrial nitrogen sector. The growing manufacturing industry, together with the region's rapid industrialization, is the primary factor driving the growth of the industrial nitrogen market. Growing technology, along with developments in the healthcare & medical sector in the area, is expected to fuel industrial nitrogen demand over the forecast period. In addition, growth in this area can be attributed to increased regional population, rapid industrialization, numerous advances in the healthcare sector, and increased use of ammonia-containing fertilizers in agricultural countries, such as India, to improve soil fertility.

North American and European countries, followed by Asia-Pacific, are likely to show a reasonable growth rate in this market over the estimated time frame. This may be due to the increasing metal demand in both countries, as well as the growing construction industry. Besides, the industrial nitrogen markets in Latin America and the Middle East and Africa are anticipated to register a substantial growth rate over the forecast period.

Industrial Nitrogen: Competitive Landscape

The major market players in the Industrial Nitrogen market are focusing on explaining their portfolio of services in the global market. Such as AMG Advanced Metallurgical Group, Mandalay Resources Ltd, United States Industrial Nitrogen Corporation, Korea Zinc, Recyclex, Nihon Seiko Co., Ltd., Umicore, Hunan Chenzhou Mining Group Co., Ltd, Huachang Industrial Nitrogen Industry, Geopromining, Ltd., Consolidated Murchison Mine, Belmont Metals, American Elements, Tri-Star Resources PLC, Amspec Chemical Corporation and Other Prominent Players.

The objective of the Study:

To analyze and forecast the global Industrial Nitrogen market size of the market in terms of value.

To examine the careful market segmentation and forecast the market size, in terms of value, based on the region by segmenting.

The Global Industrial Nitrogen market segmented into five regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, Latin America, and their leading countries.

To outline, categorized, and forecast the global Industrial Nitrogen market based on the form, technology, transportation & distribution and end-user industry coupled with the region.

To examine competitive developments like technological advancement, services, and regulative framework within the global Industrial Nitrogen market.

To highlight the impact analysis of the factors affecting the market dynamics such as drivers, restraints, opportunities, and challenges.

To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.

Scope of the Report:

By Form

·         Compressed Gas

·         Liquid Nitrogen

By Technology

·         Cryogenic Fractional Distillation

·         Pressure Swing Adsorption

·         Membrane Separation

By Transportation & Distribution

·         Bulk

·         Cylinder & packed gas

·         Tonnage/Pipeline

By End-Use Industry

·         Metal manufacturing & fabrication

·         Oil & gas

·         Petrochemical

·         Pharmaceutical & healthcare

·         Chemical

·         Food & beverages

·         Electronics

·         Others

By Region: 

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East & Africa

Business Questions Answer by the Report

How will the market drivers, restraints, and opportunities affect the market dynamics?

What will be the market size in terms of value and volume and market statistics with a detailed classification?

Which segment dominates the market or region, and one will be the fastest-growing, and why?

A comprehensive survey of the competitive landscape and the market participant players

Analysis of strategy adopted by the key player and their impact on other players.

Customization Scope for the Client

Client satisfaction is our first and last priority, and that’s why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:

Additional Company Information

With five additional company detail analysis

Additional country analysis

Detailed segment analysis

1.    Research Framework

1.1. Research Objective

1.2. Product Overview

1.3. Market Segmentation

2.    Research Methodology

2.1. Qualitative Research

2.1.1.   Primary & Secondary Sources

2.2. Quantitative Research

2.2.1.   Primary & Secondary Sources

2.3. Breakdown of Primary Research Respondents, By Region

2.3.1.   Secondary Research

2.3.2.   Primary Research

2.4. Breakdown of Primary Research Respondents

2.5. Market Size Estimation

2.6. Assumption for The Study

2.7. Market Breakdown & Data Triangulation

3.    Executive Summary

4.    Global Industrial Nitrogen Insights

4.1. DROC Analysis

4.1.1.   Growth Drivers

4.1.2.   Restraints

4.1.3.   Opportunities

4.1.4.   Challenges

4.2. Technological Landscape

4.3. Regulatory Framework

4.4. Company Market Share Analysis, 2019

4.5. Porter’s Five forces analysis

4.5.1.   Bargaining Power of Suppliers

4.5.2.   Bargaining Power of Buyers

4.5.3.   Threat of New Entrants

4.5.4.   Threat of Substitutes

4.5.5.   Intensity of Rivalry

5.    Global Industrial Nitrogen Market Overview

5.1. Market Size & Forecast by Value, 2016-2026

5.1.1.   By Value (USD Billion)

5.2. Market Share & Forecast 2016-2026

5.2.1.   By Form

5.2.1.1.       Compressed Gas

5.2.1.2.       Liquid Nitrogen

5.2.2.   By Technology

5.2.2.1.       Cryogenic Fractional Distillation

5.2.2.2.       Pressure Swing Adsorption

5.2.2.3.       Membrane Separation

5.2.3.   By Transportation & Distribution

5.2.3.1.       Bulk

5.2.3.2.       Cylinder & packed gas

5.2.3.3.       Tonnage/Pipeline

5.2.4.   By End-Use Industry

5.2.4.1.       Metal manufacturing & fabrication

5.2.4.2.       Oil & gas

5.2.4.3.       Petrochemical

5.2.4.4.       Pharmaceutical & healthcare

5.2.4.5.       Chemical

5.2.4.6.       Food & beverages

5.2.4.7.       Electronics

5.2.4.8.       Others

5.2.5.   By Region

5.2.5.1.       North America

5.2.5.2.       Europe

5.2.5.3.       Asia Pacific

5.2.5.4.       Latin America

5.2.5.5.       Middle East & Africa

6.    North America Industrial Nitrogen Market

6.1. Market Size & Forecast by Value, 2016-2026

6.1.1.   By Value (USD Billion)

6.2. Market Share & Forecast 2016-2026

6.2.1.   By Form

6.2.2.   By Technology

6.2.3.   By Transportation & Distribution

6.2.4.   By End-Use Industry

6.2.5.   By Country

6.2.5.1.       U.S

6.2.5.2.       Canada

7.    Europe Industrial Nitrogen Market

7.1. Market Size & Forecast by Value, 2016-2026

7.1.1.   By Value (USD Billion)

7.2. Market Share & Forecast 2016-2026

7.2.1.   By By Form

7.2.2.   By Technology

7.2.3.   By Transportation & Distribution

7.2.4.   By End-Use Industry

7.2.5.   By Country

7.2.5.1.       Germany

7.2.5.2.       U.K

7.2.5.3.       France

7.2.5.4.       Italy

7.2.5.5.       Spain

7.2.5.6.       Rest of Europe

8.    Asia Pacific Industrial Nitrogen Market

8.1. Market Size & Forecast by Value, 2016-2026

8.1.1.   By Value (USD Billion)

8.2. Market Share & Forecast 2016-2026

8.2.1.   By Form

8.2.2.   By Technology

8.2.3.   By Transportation & Distribution

8.2.4.   By End-Use Industry

8.2.5.   By Country

8.2.5.1.       China

8.2.5.2.       India

8.2.5.3.       Japan

8.2.5.4.       South Korea

8.2.5.5.       Rest of Asia Pacific

9.    Latin America Industrial Nitrogen Market

9.1. Market Size & Forecast by Value, 2016-2026

9.1.1.   By Value (USD Billion)

9.2. Market Share & Forecast 2016-2026

9.2.1.   By Form

9.2.2.   By Technology

9.2.3.   By Transportation & Distribution

9.2.4.   By End-Use Industry

9.2.5.   By Country

9.2.5.1.       Brazil

9.2.5.2.       Mexico

9.2.5.3.       Argentina

9.2.5.4.       Rest of Latin America

10.Middle East & Africa Industrial Nitrogen Market

10.1.             Market Size & Forecast by Value, 2016-2026

10.1.1.                By Value (USD Billion)

10.2.             Market Share & Forecast 2016-2026

10.2.1.                By Form

10.2.2.                By Technology

10.2.3.                By Transportation & Distribution

10.2.4.                By End-Use Industry

10.2.5.                By Country

10.2.5.1.    Saudi Arabia

10.2.5.2.    UAE

10.2.5.3.    South Africa

10.2.5.4.    Rest of Middle East & Africa

11.Company Profile (Company Overview, Financial Matrix, Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *

11.1.             AMG Advanced Metallurgical Group

11.2.             Mandalay Resources Ltd

11.3.             United States Industrial Nitrogen Corporation

11.4.             Korea Zinc

11.5.             Recyclex

11.6.             Nihon Seiko Co., Ltd.

11.7.             Umicore

11.8.             Hunan Chenzhou Mining Group Co., Ltd

11.9.             Huachang Industrial Nitrogen Industry

11.10.          Geopromining, Ltd.

11.11.          Consolidated Murchison Mine

11.12.          Belmont Metals

11.13.          American Elements

11.14.          Tri-Star Resources PLC

11.15.          Amspec Chemical Corporation

11.16.          Other Prominent Players

List of Figures:

Fig: Global Industrial Nitrogen Segmentation

Fig: Company Market Share Analysis, 2019

Fig: Global Industrial Nitrogen Market Size, By Value (USD Billion), 2016-2026

Fig: Global Industrial Nitrogen Market Share, By Form, By Value, 2016-2026

Fig: Global Industrial Nitrogen Market Share, By Technology, By Value, 2016-2026

Fig: Global Industrial Nitrogen Market Share, By Transportation & Distribution, By Value, 2016-2026

Fig: Global Industrial Nitrogen Market Share, By End-Use Industry, By Value, 2016-2026

Fig: Global Industrial Nitrogen Market Share, By Region, By Value, 2016-2026

Fig: North America Industrial Nitrogen Market Size, By Value (USD Billion), 2016-2026

Fig: North America Industrial Nitrogen Market Y-o-Y Growth, By Value, 2017-2026

Fig: North America Industrial Nitrogen Market Share, By Form, By Value, 2016-2026

Fig: North America Industrial Nitrogen Market Share, By Technology, By Value, 2016-2026

Fig: North America Industrial Nitrogen Market Share, By Transportation & Distribution, By Value, 2016-2026

Fig: North America Industrial Nitrogen Market Share, By End-Use Industry, By Value, 2016-2026

Fig: North America Industrial Nitrogen Market Share, By Country, By Value, 2016-2026

Fig: Europe Industrial Nitrogen Market Size, By Value (USD Billion), 2016-2026

Fig: Europe Industrial Nitrogen Market Y-o-Y Growth, By Value, 2017-2026

Fig: Europe Industrial Nitrogen Market Share, By Form, By Value, 2016-2026

Fig: Europe Industrial Nitrogen Market Share, By Technology, By Value, 2016-2026

Fig: Europe Industrial Nitrogen Market Share, By Transportation & Distribution, By Value, 2016-2026

Fig: Europe Industrial Nitrogen Market Share, By End-Use Industry, By Value, 2016-2026

Fig: Europe Industrial Nitrogen Market Share, By Country, By Value, 2016-2026

Fig: Asia-Pacific Industrial Nitrogen Market Size, By Value (USD Billion), 2016-2026

Fig: Asia-Pacific Industrial Nitrogen Market Y-o-Y Growth, By Value, 2017-2026

Fig: Asia-Pacific Industrial Nitrogen Market Share, By Form, By Value, 2016-2026

Fig: Asia-Pacific Industrial Nitrogen Market Share, By Technology, By Value, 2016-2026

Fig: Asia-Pacific Industrial Nitrogen Market Share, By Transportation & Distribution, By Value, 2016-2026

Fig: Asia-Pacific Industrial Nitrogen Market Share, By End-Use Industry, By Value, 2016-2026

Fig: Asia-Pacific Industrial Nitrogen Market Share, By Country, By Value, 2016-2026

Fig: Latin America Industrial Nitrogen Market Size, By Value (USD Billion), 2016-2026

Fig: Latin America Industrial Nitrogen Market Y-o-Y Growth, By Value, 2017-2026

Fig: Latin America Industrial Nitrogen Market Share, By Form, By Value, 2016-2026

Fig: Latin America Industrial Nitrogen Market Share, By Technology, By Value, 2016-2026

Fig: Latin America Industrial Nitrogen Market Share, By Transportation & Distribution, By Value, 2016-2026

Fig: Latin America Industrial Nitrogen Market Share, By End-Use Industry, By Value, 2016-2026

Fig: Latin America Industrial Nitrogen Market Share, By Country, By Value, 2016-2026

Fig: Middle-East & Africa Industrial Nitrogen Market Size, By Value (USD Billion), 2016-2026

Fig: Middle-East & Africa Industrial Nitrogen Market Y-o-Y Growth, By Value, 2017-2026

Fig: Middle East & Africa Industrial Nitrogen Market Share, By Form, By Value, 2016-2026

Fig: Middle East & Africa Industrial Nitrogen Market Share, By Technology, By Value, 2016-2026

Fig: Middle East & Africa Industrial Nitrogen Market Share, By Transportation & Distribution, By Value, 2016-2026

Fig: Middle East & Africa Industrial Nitrogen Market Share, By End-Use Industry, By Value, 2016-2026

Fig: Middle East & Africa Industrial Nitrogen Market Share, By Country, By Value, 2016-2026

List of Tables:

Table: Global Industrial Nitrogen Market Size, By Form, By Value, 2016-2026

Table: Global Industrial Nitrogen Market Size, By Technology, By Value, 2016-2026

Table: Global Industrial Nitrogen Market Size, By Transportation & Distribution, By Value, 2016-2026

Table: Global Industrial Nitrogen Market Size, By End-Use Industry, By Value, 2016-2026

Table: Global Industrial Nitrogen Market Size, By Region, By Value, 2016-2026

Table: North America Industrial Nitrogen Market Size, By Form, By Value, 2016-2026

Table: North America Industrial Nitrogen Market Size, By Technology, By Value, 2016-2026

Table: North America Industrial Nitrogen Market Size, By Transportation & Distribution, By Value, 2016-2026

Table: North America Industrial Nitrogen Market Size, By End-Use Industry, By Value, 2016-2026

Table: North America Industrial Nitrogen Market Size, By Country, By Value, 2016-2026

Table: Europe Industrial Nitrogen Market Size, By Form, By Value, 2016-2026

Table: Europe Industrial Nitrogen Market Size, By Technology, By Value, 2016-2026

Table: Europe Industrial Nitrogen Market Size, By Transportation & Distribution, By Value, 2016-2026

Table: Europe Industrial Nitrogen Market Size, By End-Use Industry, By Value, 2016-2026

Table: Europe Industrial Nitrogen Market Size, By Country, By Value, 2016-2026

Table: Asia-Pacific Industrial Nitrogen Market Size, By Form, By Value, 2016-2026

Table: Asia-Pacific Industrial Nitrogen Market Size, By Technology, By Value, 2016-2026

Table: Asia-Pacific Industrial Nitrogen Market Size, By Transportation & Distribution, By Value, 2016-2026

Table: Asia-Pacific Industrial Nitrogen Market Size, By End-Use Industry, By Value, 2016-2026

Table: Asia-Pacific Industrial Nitrogen Market Size, By Country, By Value, 2016-2026

Table: Latin America Industrial Nitrogen Market Size, By Form, By Value, 2016-2026

Table: Latin America Industrial Nitrogen Market Size, By Technology, By Value, 2016-2026

Table: Latin America Industrial Nitrogen Market Size, By Transportation & Distribution, By Value, 2016-2026

Table: Latin America Industrial Nitrogen Market Size, By End-Use Industry, By Value, 2016-2026

Table: Latin America Industrial Nitrogen Market Size, By Country, By Value, 2016-2026

Table: Middle East & Africa Industrial Nitrogen Market Size, By Form, By Value, 2016-2026

Table: Middle East & Africa Industrial Nitrogen Market Size, By Technology, By Value, 2016-2026

Table: Middle East & Africa Industrial Nitrogen Market Size, By Transportation & Distribution, By Value, 2016-2026

Table: Middle East & Africa Industrial Nitrogen Market Size, By End-Use Industry, By Value, 2016-2026

Table: Middle East & Africa Industrial Nitrogen Market Size, By Country, By Value, 2016-2026

Table:   AMG Advanced Metallurgical Group Financial Analysis

Table:   Mandalay Resources Ltd Financial Analysis

Table:   United States Industrial Nitrogen Corporation Financial Analysis

Table:   Korea Zinc Financial Analysis

Table:   Recyclex Financial Analysis

Table:   Nihon Seiko Co., Ltd. Financial Analysis

Table:   Umicore Financial Analysis Financial Analysis

Table:   Hunan Chenzhou Mining Group Co., Ltd Financial Analysis

Table:   Huachang Industrial Nitrogen Industry Financial Analysis

Table:   Geopromining, Ltd. Financial Analysis

*Financial Information of non-listed companies will be provided as per the availability

**The segmentation and the companies are subjected to modification based on the in-depth secondary for the final deliverable.