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LONDON, GREATER LONDON, UNITED KINGDOM, February 4, 2025 /EINPresswire.com/ -- Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
The industrial nitrogen market has experienced significant growth in recent years. It is projected to increase from $20.13 billion in 2024 to $21.47 billion in 2025, with a compound annual growth rate (CAGR) of 6.7%. This growth in the past period can be attributed to rising industrialization, demand from the chemical industry, metal manufacturing, and the food and beverage sector.
How Big Is the Global Industrial Nitrogen Market Expected to Grow, and What Is Its Annual Growth Rate?
The industrial nitrogen market is anticipated to experience significant growth in the coming years. It is projected to reach $28.16 billion by 2029, with a compound annual growth rate (CAGR) of 7.0%. This growth is driven by the expanding electronics industry, healthcare applications, energy sector, and environmental regulations. Key trends during the forecast period include the production of green nitrogen, technological advancements, growing use in pharmaceuticals, on-site nitrogen generation, digitalization and automation, and strategic collaborations and partnerships.
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What Is Driving the Growth of the Industrial Nitrogen Market?
The expansion of the food and beverage industry is driving the growth of the industrial nitrogen market. Nitrogen is widely used in commercial food and beverage production, particularly in modified atmosphere packaging to extend the shelf life of mass-produced food items. The Russia-Ukraine conflict has hindered the global economic recovery from the COVID-19 pandemic, at least in the short term. The war has led to economic sanctions, rising commodity prices, and disruptions in supply chains, impacting various markets worldwide.
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Which Leading Companies Are Driving The Growth Of The Industrial Nitrogen Market Share?
Major companies operating in the industrial nitrogen market include Praxair Technology Inc., Air Products And Chemicals Inc., Air Liquide S. A., Linde plc, Nippon Sanso Holdings Corporation
What Are The Key Trends Driving The Growth Of The Industrial Nitrogen Market Size?
Key players in the industrial nitrogen market are concentrating on developing new technologies, such as nitrogen leaching monitoring systems, to enhance their market profitability. Nitrogen leaching monitoring refers to the ability to measure and track the movement of nitrogen through soil into groundwater or surface water. In an industrial context, monitoring systems use various analytical methods to detect and measure nitrogen levels in effluents, soil, and water sources, ensuring minimal environmental impact and compliance with regulatory standards.
How Is the Global Industrial Nitrogen Market Segmented?
The industrial nitrogen market covered in this report is segmented –
1) By Form: Compressed Gas, Liquid Nitrogen
2) By Grade: High Purity, Low Purity
3) By Technology: Cryogenic Fractional Distillation, Pressure Swing Adsorption, Membrane Separation
4) By Transportation And Distribution: Bulk, Cylinder And Packed Gas, Tonnage Or Pipeline
5) By End Use Industry: Petrochemical, Oil And gas, Metal Manufacturing And Fabrication, Food And Beverage, Electronics, Pharmaceutical And Healthcare, Chemical
Subsegments:
1) By Compressed Gas: High-Pressure Nitrogen Gas, Standard Nitrogen Gas
2) By Liquid Nitrogen: Dewar-Container Liquid Nitrogen, Bulk Liquid Nitrogen
The Leading Region in the Industrial Nitrogen Market is:
Asia-Pacific was the largest region in the Industrial Nitrogen market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period.
What Is the Industrial Nitrogen Market?
Industrial nitrogen is a colorless, odorless, and chemically inactive gas. It is utilized in industrial processes where chemical reactions between substrates need to be avoided, including in food processing, beverages and breweries, oil and gas extraction, and other industries.
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