Industrial Nitrogen Market – Industry Analysis and New Market Opportunities Explored
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.
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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
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).
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