Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Nitrogen Gas Market Size is Expected to Grow from USD 27.67 Billion in 2023 to USD 51.96 Billion by 2033, at a CAGR of 6.50% during the forecast period 2023-2033.
Browse 210 Market Data Tables And 45 Figures Spread Through 190 Pages and In-Depth TOC On The Global Nitrogen Gas Market Size, Share, and COVID-19 Impact Analysis, By Form (Compressed Gas and Liquid Nitrogen Gas), By Application (Food & Beverages and Chemicals), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.
The production, distribution, and use of nitrogen gas in different forms (gaseous, liquid, and compressed) for a range of industrial and commercial uses are all included in the nitrogen gas market. The food and beverage, electronics, healthcare, and metal processing industries are the main drivers of demand. It does not facilitate combustion and is nonflammable. Businesses use fractional distillation of liquefied air to create commercial nitrogen. It has a modest solubility in water and is somewhat lighter than air. Additionally, it is utilized as fertilizer, usually in the form of ammonia or compounds derived from ammonia. Furthermore, a faster pace of life and changing eating patterns have led to a rise in the demand for packaged meals. The food packaging sector has grown tremendously as a result of this tendency. This is because packaged goods have advantages, including stability, long shelf life, and strong protective qualities. However, environmental laws like the Kyoto Protocol, the EPA Regulations, and the Clean Air Act (CAA) present difficulties for the market.
The liquid nitrogen gas segment dominated the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the form, the global nitrogen gas market is divided into compressed gas and liquid nitrogen gas. Among these, the liquid nitrogen gas segment dominated the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. Its liquefied condition is represented by liquid nitrogen gas, which is produced by commercial fractional distillation of liquid air. It is widely employed in cryogenic and cooling applications. The chemical and pharmaceutical industries frequently employ liquid nitrogen because of its non-toxic, odorless, colorless, chemically inert, and non-flammable qualities.
The food & beverages segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the application, the global nitrogen gas market is divided into food & beverages and chemicals. Among these, the food & beverages segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This is explained by the increasing number of industrial uses for nitrogen. The main purpose of this gas is to preserve food in packaging by fostering an atmosphere high in nitrogen that prevents the growth of bacteria that cause spoiling. To preserve freshness and increase shelf life, the product is also used in the packaging of perishable food items.
North America is anticipated to hold the highest share of the global nitrogen gas market over the projected period.
North America is anticipated to hold the highest share of the global nitrogen gas market over the projected period. This is typified by rising demand for products from the food and beverage, petrochemical, oil and gas, and pharmaceutical industries. These industries demand nitrogen gas for preservation, packaging, and manufacturing processes, considerably contributing to the market expansion.
Asia Pacific is estimated to grow at the fastest CAGR of the global nitrogen gas market during the forecast period. Since the region is currently seeing rapid industrial growth, especially in countries like China, India, and Southeast Asia, the governments of those countries have played a key role in encouraging the growth of the semiconductor industry, which has led to a sizable investment pipeline that is fueling the demand for nitrogen gas.
Company Profiling
Major vendors in the global nitrogen gas market are Air Products and Chemicals, Inc., Gulfcryo, Universal Industrial Gases, Inc., NEXAIR, Southern Industrial Gas Sdn Bhd, Praxair Technology, Inc., Taiyo Nippon Sanso Corporation, Axcel Gases, Linde Plc, Omega Air, Ellenbarrie Industrial Gases, Messer Group, Parker Hannifin, Dubai Industrial Gas, and Yingde Gases Group, and others.
Key Target Audience
· Market Players
· Investors
· End-users
· Government Authorities
· Consulting and Research Firm
· Venture capitalists
· Value-Added Resellers (VARs)
Recent Development
· In September 2024, Nano announced the release of its cutting-edge GEN2 MINI line of nitrogen gas generators, designed especially for high-purity, low-flow applications. With a typical return on investment between six to 24 months, this innovative line combines cutting-edge performance with greater dependability, ensuring efficient and sustainable nitrogen generation designed for businesses demanding small, high-performance solutions.
Market Segment
This study forecasts revenue at the global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global nitrogen gas market based on the below-mentioned segments:
Global Nitrogen Gas Market, By Form
· Compressed Gas
· Liquid Nitrogen Gas
Global Nitrogen Gas Market, By Application
· Food & Beverages
· Chemicals
Global Nitrogen Gas Market, By Regional
North America
o US
o Canada
o Mexico
Europe
o Germany
o UK
o France
o Italy
o Spain
o Russia
o Rest of Europe
· Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o Rest of Asia Pacific
· South America
o Brazil
o Argentina
o Rest of South America
· Middle East & Africa
o UAE
o Saudi Arabia
o Qatar
o South Africa
o Rest of the Middle East & Africa
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