Industrial Nitrogen Market | Regional Overview, Share Estimation, Revenue, and Business Prospect
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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