Tungsten Market Trends, Applications, Analysis, Growth, And Forecast 2028
Market Overview
Industrial nitrogen is obtained in compressed gas or
liquid form through the fractional distillation or mechanical separation of
air. The product is widely used as a high-pressure gas in the steel industry
for laser cutting of steel and other metals. The use of this gas provides a
high-quality edge and prevents the corrosion of steel. In addition, it is used
in brazing and welding. Moreover, industrial nitrogen finds application in the
food & beverage, healthcare, and agrochemicals industries, among others.
Based on process, the global industrial
nitrogen market has been divided into fractional distillation, membrane
separation, and pressure swing adsorption (PSA). The PSA segment is expected to
lead the market during the forecast period. In this process, high pressure is
applied so the gases are attracted to solid surfaces called adsorbents. For
nitrogen separation, a zeolite bed is used as the adsorbent as it attracts
nitrogen more strongly than other gases. The rising demand for the process
owing to its low operating cost and high-purity nitrogen production is likely
to propel market growth in the years to follow.
Based on end-use industry, the global industrial
nitrogen market has been segmented into food & beverage, healthcare,
agrochemicals, metal production, automotive, and others. The metal production
segment is expected to account for the largest share of the global industrial
nitrogen market during the review period. The use of nitrogen in steel
production as a high-pressure gas for laser cutting and to prevent the oxidation
of steel is likely to boost product demand in the coming years.
Access Report @
https://www.marketresearchfuture.com/reports/industrial-nitrogen-market-6326
Market Segmentation
The global industrial nitrogen market has been
classified on the basis of process, type, end-use industry, and region.
Based on process, the global industrial nitrogen
market has been segregated into fractional distillation, membrane separation,
and pressure swing adsorption (PSA).
According to type, the global industrial nitrogen
market has been divided into compressed gas and liquid.
On the basis of end-use industry, the global
industrial nitrogen market has been classified into food & beverage,
healthcare, agrochemicals, metal production, automotive, and others.
Asia-Pacific, North America, Europe, Latin America,
and the Middle East & Africa are the key regions studied for the global
industrial nitrogen market.
Regional Analysis
The global industrial nitrogen market has been studied
with respect to five regions, namely, Asia-Pacific, North America, Europe,
Latin America, and the Middle East & Africa. Asia-Pacific accounted for the
largest share of global industrial nitrogen market in 2017. Rapid
industrialization and expanding population are the leading factors driving
market growth in this region. In addition, the increasing demand for industrial
nitrogen in the food & beverage industry and healthcare sector is likely to
propel product demand. The key markets in this region are China, India, Japan,
and South Korea.
The other significant markets for industrial nitrogen
are North America and Europe. Increasing metal production is likely to drive
the growth of the industrial nitrogen market. The major contributor to the
regional market in North America is the US owing to the high product demand in
the metal production industry. The markets in Latin America and the Middle East
& Africa are estimated to witness substantial growth during the forecast
period with Turkey, Qatar, and Brazil accounting for major market shares.
Competitive Analysis
The leading players in the global industrial nitrogen
market are the Linde Group (Germany), Air Products and Chemicals, Inc. (US),
Praxair Technology, Inc (US), Ellenbarrie Industrial Gases (India), Universal
Industrial Gases, Inc. (US), CanAir Nitrogen Inc. (Canada), Messer Group GmbH
(Germany), Parker Hannifin Corp. (US), Chengdu Taiyu Industrial Gases Co.
(China), nexAir LLC (US), and EPC Engineering & Technologies GmbH
(Germany).
Request For Sample
Report Here @
https://www.marketresearchfuture.com/sample_request/6326
About Market Research
Future:
At Market Research Future (MRFR), we enable our
customers to unravel the complexity of various industries through our Cooked
Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting
Services.
MRFR team have supreme objective to provide the
optimum quality market research and intelligence services to our clients. Our
market research studies by products, services, technologies, applications, end
users, and market players for global, regional, and country level market
segments, enable our clients to see more, know more, and do more, which help to
answer all their most important questions.
In order to stay updated with technology and work
process of the industry, MRFR often plans & conducts meet with the industry
experts and industrial visits for its research analyst members.
Contact:
Market Research Future
Phone: +16468459312
Email: sales@marketresearchfuture.com
Read More Related Article:
https://www.marketresearchfuture.com/reports/active-calcium-silicate-market-2114
https://www.marketresearchfuture.com/reports/isoprene-industry-4799
Comments
Post a Comment