Industrial Nitrogen Market Expected to Reach $22 Billion


LONDON, April 14, 2022 (GLOBE NEWSWIRE) — According to The Business Research Company’s research report on the industrial nitrogen market, growth in the food and beverage industry is contributing to the growth of the nitrogen market. industrial nitrogen. The food and beverage industry uses nitrogen in commercial food and beverage production processes. It is used in modified atmosphere packaging to prolong the freshness of commercially produced food products. For example, the global food and beverage market is expected to grow from $6,196.1 billion in 2021 to $8,641.0 billion in 2026. Hence, growth in food and beverage industries is expected to propel the market industrial nitrogen during the forecast period.

The size of the global industrial nitrogen market is expected to grow from $16.7 billion in 2021 to $17.6 billion in 2022 at a compound annual growth rate (CAGR) of 5.7%. The size of the global industrial nitrogen market is then expected to reach $22.1 billion in 2026 to 5.8% CAGR.

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The increase in mergers and acquisitions is a key trend that is gaining popularity in the industrial nitrogen market. For example, in November 2019, Air Liquide, a French multinational that provides industrial gases and services, acquired Southern Industrial Gases for an undisclosed amount. This acquisition will double Air Liquide’s packaged gas filling capacity in Malaysia and bring significant synergies by expanding the company’s footprint and providing Air Liquide with geographic density across Malaysia. Southern Industrial Gases is a Malaysia-based industrial gases manufacturer.

The major players in the industrial nitrogen market are Praxair, Air Products and Chemicals, Air Liquide, Linde, Taiyo Nippon Sanso, Cryotec, Bhuruka Gases Limited, Sudanese Liquid Air Company, Canair Nitrogen Inc, Messer Group, Nexair LLC, Gulf Cryo , Southern Industrial Gases, Universal Industrial Gases, Inc., Yingde Gases Group Company, Ellenbarrie Industrial Gases, Bombay Oxygen Corporation Ltd, Emirates Industrial Gases, Parker Hannifin Corp, Chengdu Taiyu Industrial Gases Co and Aspen Air Corp.

TBRC’s global industrial nitrogen market forecast is segmented by form into Compressed Gas, Liquid Nitrogen; by grade in high purity, low purity; by technology in cryogenic fractional distillation, pressure swing adsorption, membrane separation; by transport and distribution in bulk, cylinders and packaged gas, tonnage/pipeline; by end-use industry in petrochemicals, oil and gas, metal manufacturing and manufacturing, food and beverages, electronics, pharmaceuticals and healthcare, chemicals.

According to industrial nitrogen market statistics, Asia Pacific was the greater region on the market in 2021. Asia Pacific should be the fastest growing region in the global industrial nitrogen market over the forecast period. Regions covered in the Global Industrial Nitrogen Market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle- East and Africa.

Global Industrial Nitrogen Market Report 2022 – Global Market Size, Trends and Forecasts 2022-2026 is part of a series of new reports by The Business Research Company that provide Industrial Nitrogen Market overviews, analyze Industrial Nitrogen Market and forecast market size and growth for the overall market, Industrial Nitrogen Market segments and geographies, Industrial Nitrogen Market trends, Nitrogen Market drivers Industrial, Industrial Nitrogen Market constraints, revenues, profiles and market shares of top Industrial Nitrogen Market competitors in 1000+ industry reports, covering over 2500 market segments and 60 geographies.

The report also gives an in-depth analysis of the impact of COVID-19 on the market. The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders. A highly experienced and expert team of analysts and modellers provide market analysis and forecasts. The reports identify key countries and segments for opportunities and strategies based on market trends and key competitor approaches.

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