Industrial nitrogen is used as a pressurizing gas in chemical sector. Nitrogen can help propel liquids through pipelines and also used to shield oxygen-sensitive materials from the air and to remove volatile organic chemicals from process streams.
Rising demand for industrial nitrogen from various end-use industries such as metal manufacturing and fabrication, oil and gas, petrochemical, pharmaceutical and healthcare, and electronics is a major factor expected to propel growth of the global industrial nitrogen market over the forecast period. In addition, growing demand for from food sector is another factor expected to boost growth of the market in near future.
However, regulatory limitations associated with the industrial nitrogen is factor expected to hamper growth of the target market over the forecast period.
The global industrial nitrogen market has been segmented on basis of form, technology, transportation and distribution, end-use industry, and region. On the basis of form, the target market is segmented into compressed gas and liquid nitrogen. On the basis of technology global industrial nitrogen market is segmented into cryogenic fractional distillation, pressure swing adsorption, and membrane separation. On the basis of transportation and distribution global industrial nitrogen market is segmented into bulk, cylinder and packed gas, and tonnage/pipeline. On the basis of end-use industry, the target market can be segmented as metal manufacturing and fabrication, oil and gas, petrochemical, pharmaceutical and healthcare, chemical, food and beverages, and electronics.
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Based upon region global industrial nitrogen market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East Africa. The market in Asia Pacific is estimated to account for highest share in terms of revenue, owing to high disposable income coupled with the increasing demand for industrial nitrogen from food sector, in the region. The markets in Europe is expected to register significant growth in terms of revenue, owing to growing demand from various chemical industries in the region over the forecast period.
Key players operating in the global industrial nitrogen market include Praxair Inc., Air Products and Chemicals Inc., Air Liquide International S.A., Linde Aktiengesellschaft, Taiyo Nippon Sanso Corporation, Messer Group GmbH, Nexair LLC, and Gulf Cryo Holding C.S.C.