Industrial Nitrogen Market Size, Share, Scope, Product Estimates & Business Strategy, Upcoming Development, Forecasts, 2019 – 2023 | MRFR

Industrial Nitrogen Market Size, Share, Scope, Product Estimates & Business Strategy, Upcoming Development, Forecasts, 2019 - 2023 | MRFR

“Global Industrial Nitrogen Market Share, by End-Use Industry, 2017 (%)”
New Intelligence Report on “Industrial Nitrogen Market to 2023” is recently published by MRFR. The report aims to provide leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.

Market Synopsis:

Industrial nitrogen is high-purity nitrogen obtained either by the fractional distillation of air or mechanical separation. It is obtained in a liquid or gaseous form and finds application in various end-use industries such as food & beverage, healthcare, automotive, agrochemicals, metal production, and chemicals. Liquid nitrogen is a cryogenic liquid and hence is used as a coolant for high-temperature superconductors and in transportation of food products. Industrial nitrogen is used in the aerospace and aircraft industry in wind tunnels, heat treating furnaces, and autoclaves for creating strong and lightweight materials. Furthermore, the product is used in the chemicals industry for reactor cooling, as a pressurizing gas to propel liquid through pipelines, and to remove volatile organic compounds from the process stream.

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Competitive Dashboard:

Linde Group

Air Products and Chemicals Inc.

Ellenbarrie Industrial Gases

Universal Industrial Gases

Parker Hannifin Corp

Chengdu Taiyu Industrial Gases Co

EPC Engineering & Technologies GmbH

Segmental Analysis:

The industrial nitrogen market has been segmented on the basis of type, process, industry, end-use and region. On the basis of process, the industrial nitrogen market has been segmented into membrane separation, fractional distillation, and pressure swing adsorption (PSA). On the basis of type, the industrial nitrogen market has been divided into liquid and compressed gas. On the basis of end-use industry, the industrial nitrogen market has been segmented into healthcare, automotive, food & beverage, metal production, agrochemicals, and others. The industrial nitrogen market globally is segmented into regions such as North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa.

Detailed Regional Analysis:

The industrial nitrogen market has been segmented into five regions, such as North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The Asia Pacific region is responsible for the biggest share of the industrial nitrogen market globally in 2017. This can be accredited to speedy industrialization and increasing population in the region. In addition, the developments in the healthcare sector in this region are expected to increase the demand for industrial nitrogen in the impending years. Also, the escalating use of ammonia-based fertilizers in agrarian nations is set to boost the fertility of land will drive the market growth for the duration of the forecast period.

The North American and European regions are the other important markets for industrial nitrogen. The increase in the metal production and construction industries in these regions are expected to boost the expansion of the industrial nitrogen market. Lastly, the markets in Latin American and the Middle East & African region are likely to observe extensive growth through the forecast period.

Competitive Analysis:

The influential success factors and players’ predilections are progressively escalating by the strategies being used by market competitors. The market transformation witnessed in terms of strategy creation and executions are changing the pace of the market. The gaps in the market are filled due to the execution of proper supply chain strategies. The context for growth plans is fortified the market for potential new entrants. Furthermore, the development of new products and services will add further impetus to the market growth. The improvement in the products and services is the chief factor escalating the market’s efficiency and controlling the trends that are acquiring prominence in the market.

Intended Audience:

  • Industrial nitrogen manufacturers
  • Traders and distributors of industrial nitrogen
  • Research and development institutes
  • Potential investors
  • Raw material suppliers
  • Nationalized laboratories

 

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