Nitrogen Market Size, Share Global Analysis Report, 2021–2028

report img

Nitrogen Market – By Category (Chemical Grade, Food Grade, and Pharmaceutical Grade) and By Utilization (Food & Beverages, Medical & Healthcare, Metal Manufacturing, Chemicals & Petroleum Uses, Rubber & Plastic, Construction, and Others): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends and Forecast 2021–2028

Industry Insights

[209+ Pages Report]  According to Facts and Factors, the global nitrogen market was worth around USD 14.5 billion in 2020 and is predicted to reach approximately USD 21.7 billion by the end of 2028, with a compound annual growth rate (CAGR) of around 5.8% during the forecast period 2021-2028. The report examines the nitrogen market’s drivers and restraints, as well as the impact they have on the demand during the forecast period. In addition, the report analyses global opportunities in the nitrogen market.

logoMarket Overview

Nitrogen is a colorless, odorless chemical compound that is commonly used in the production of ammonia, cyanides, nitric acid, nitrates, and oxides. It is commonly used in the production of fertilizers, in the food & beverage sectors, as well as in the production of pharmaceutical medications such as antibiotics. Nitrogen gas is used in a wide range of industries for a variety of applications. Industrial nitrogen use has gained in popularity around the world due to its inexpensive cost. Because of technological advances, industrial nitrogen is now a cost-effective solution for a wide range of industries.

Nitrogen is a high-purity element created by mechanically separating or fractionally refining air. It is utilized in a range of end-use activities, including food & beverage, healthcare, agrochemicals, automotive, chemicals, and metal production. It is frequently found in gaseous or liquid form. The growing population, especially in developing countries, has resulted in considerable growth in processed food consumption, as well as a necessity to retain their quality and safety.

Additionally, nitrogen helps in the prevention of rotting and discoloration. It can be produced in a variety of ways for commercial usage, including fractional distillation, polymeric membranes, and pressure swing adsorption.

Nitrogen Market

logo Growth Drivers

One of the primary factors driving the global nitrogen market is the expanding food and beverage industry. Nitrogen is widely utilized in the food and beverage industries for packaging, food aeration, and storage to extend the shelf life of food goods. Furthermore, in the wine sector, nitrogen is employed to protect product quality by avoiding oxidation throughout the fermentation process. Furthermore, the rise in fertilizer consumption, combined with increased grain output, is expected to boost nitrogen adoption globally.

However, increased nitrogen prices as a result of rising natural gas prices may stifle industry growth. Nonetheless, the increased usage of nitrogen in the healthcare industry is expected to open up new prospects for global nitrogen market growth in the future years. Nitrogen is utilized as a cryogen in the healthcare business to preserve and freeze tissues, blood, and reproductive cells, as well as in medicine manufacturing.

logoReport Scope

Report Attribute

Details

Market Size in 2020

USD 14.5 Billion

Projected Market Size in 2028

USD 21.7 Billion

CAGR Growth Rate

5.8% CAGR

Base Year

2020

Forecast Years

2021-2028

Key Market Players

Universal Industrial Gases, Chengdu Taiyu Industrial Gases Co. Inc., Ellenbarrie Industrial Gases, Parker Hannifin Corp., Praxair Technology Inc., Linde Group, Messer Group GmbH, nexAir LLC, Air Products and Chemicals Inc., EPC Engineering & Technologies GmbH, CanAir Nitrogen Inc., and Others

Key Segment

By Category, By Utilization, and By Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

Request customized purchase options to meet your research needs. Explore purchase options

logoRegional Landscape

The Asia Pacific holds the largest share of the global nitrogen market. This can be due to the region's rapid development and growing population. Furthermore, improvements in the healthcare sector in this region are expected to raise nitrogen demand in the future years. Moreover, throughout the forecast period, the increasing usage of ammonia-based fertilizers in agrarian countries to boost soil fertility is expected to drive market expansion.

North America and Europe are the other major global nitrogen markets. The expansion of these regions' metal production and construction sectors is expected to boost the growth of the nitrogen market. Finally, markets in Latin America and the Middle East & Africa are expected to rise significantly throughout the projected period.

logoRecent Development

  • In June 2021, Inox Air Products, one of India's major manufacturers of industrial and medical gases, announced that the proposed factory in Hosur will create liquid nitrogen, liquid oxygen, and liquid argon and will be ready for operation in December 2022.

logoCompetitive Landscape

Some of the leading players in the global nitrogen market include Universal Industrial Gases, Chengdu Taiyu Industrial Gases Co. Inc., Ellenbarrie Industrial Gases, Parker Hannifin Corp., Praxair Technology Inc., Linde Group, Messer Group GmbH, nexAir LLC, Air Products and Chemicals Inc., EPC Engineering & Technologies GmbH and CanAir Nitrogen Inc.

The global nitrogen market is segmented as follows:

logoBy Category Segment Analysis

  • Chemical Grade
  • Food Grade
  • Pharmaceutical Grade

logoBy Utilization Segment Analysis

  • Food & Beverages
  • Medical & Healthcare
  • Metal Manufacturing
  • Chemical & Petroleum uses
  • Rubber & Plastic
  • Construction
  • Others

logoBy Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic countries
      • Denmark
      • Finland
      • Iceland
      • Sweden
      • Norway
    • Benelux Reunion
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • New Zealand
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Southeast Asia
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Kuwait
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

Covid-19

Nitrogen Market

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Major Market Players

  • Universal Industrial Gases
  • Chengdu Taiyu Industrial Gases Co. Inc.
  • Ellenbarrie Industrial Gases
  • Parker Hannifin Corp.
  • Praxair Technology Inc.
  • Linde Group
  • Messer Group GmbH
  • nexAir LLC
  • Air Products and Chemicals Inc.
  • EPC Engineering & Technologies GmbH 
  • Can Air Nitrogen Inc.

Frequently Asked Questions

One of the primary factors driving the global nitrogen market is the expanding food and beverage industry. Nonetheless, the increased usage of nitrogen in the healthcare industry is expected to open up new prospects for global nitrogen market growth in the future years.
According to the Facts & Factors report, the global nitrogen market was worth about 14.5 (USD billion) in 2020 and is predicted to grow to around 21.7 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 5.8%.
Asia Pacific holds the largest share of the global nitrogen market. This can be due to the region's rapid development and growing population. Furthermore, improvements in the healthcare sector in this region are expected to raise nitrogen demand in the future years.
Some of the leading players in the global nitrogen market include Universal Industrial Gases, Chengdu Taiyu Industrial Gases Co. Inc., Ellenbarrie Industrial Gases, Parker Hannifin Corp., Praxair Technology Inc., Linde Group, Messer Group GmbH, nexAir LLC, Air Products and Chemicals Inc., EPC Engineering & Technologies GmbH and CanAir Nitrogen Inc.
why choose fnf
key questions answers