Industrial Nitrogen Industry, Share, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends & Forecast, 2021 – 2027
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 Industry 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.
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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 industry 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 industry 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).
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