May 13, 2020   SOURCE: BusinessWire

Outlook on the Worldwide Industrial Nitrogen Industry to 2026 - Key Market Developments and Financials of the Key Players - ResearchAndMarkets.com

The "Global Industrial Nitrogen Market Analysis 2020" report has been added to ResearchAndMarkets.com's offering.

The Global Industrial Nitrogen market is expected to reach $27.94 billion by 2026 growing at a CAGR of 7.3% from 2018 to 2026.

Industrial nitrogen is obtained in compressed gas or liquid form at some stage in 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 gives a high-quality edge and stops the corrosion of steel. Moreover, it is used in brazing and welding and also it finds application in the food & beverage and healthcare industries.

Factors such as increase of modern healthcare in developing markets, growth of the food & beverage industry and growing demand from end-use industries are driving the market growth. Though, Structural and Regulatory restrictions are restraining the market growth. Moreover, high demand from the chemical industry is the opportunities for the industrial nitrogen market.

Based on form, the compressed gas segment is going to have a lucrative growth during the forecast period, due to the fact that nitrogen gas finds extensive application in a huge number of industries as it is used to store petroleum liquefied explosive and flammable materials. As nitrogen is an inert gas, it is also used in the manufacturing of stainless steel.

Companies Mentioned

  • Air Liquide
  • Aspen Air Corp.
  • Bombay Oxygen Corporation Ltd
  • Cryotec Anlagenbau GmbH
  • Nexair LLC
  • Emirates Industrial Gases Co. LLC
  • Gulf Cryo
  • Air Products and Chemicals
  • Canair Nitrogen Inc.
  • Ellenbarrie Industrial Gases
  • Messer Group
  • Praxair Inc.
  • Cross Country Infrastructure Services Inc
  • Southern Industrial Gas Berhad
  • Bhuruka Gases Limited

Key Questions Answered in this Report:

  • How this market evolved since the year 2016
  • Market size estimations, forecasts and CAGR for all the segments presented in the scope
  • Key Market Developments and financials of the key players
  • Opportunity Analysis for the new entrants
  • SWOT Analysis of the key players
  • Fastest growing markets analysed during the forecast period

Key Topics Covered:

1 Market Synopsis

2 Research Outline

2.1 Research Snapshot

2.2 Research Methodology

2.3 Research Sources

2.3.1 Primary Research Sources

2.3.2 Secondary Research Sources

3 Market Dynamics

3.1 Drivers

3.2 Restraints

4 Market Environment

4.1 Bargaining power of suppliers

4.2 Bargaining power of buyers

4.3 Threat of substitutes

4.4 Threat of new entrants

4.5 Competitive rivalry

5 Global Industrial Nitrogen Market, By Transportation & Distribution

5.1 Introduction

5.2 Bulk

5.3 Cylinders & Packaged Gas

5.4 Tonnage/Pipeline

6 Global Industrial Nitrogen Market, By Technology

6.1 Introduction

6.2 Cryogenic Fraction Distillation

6.3 Membrane Separation

6.4 Pressure Swing Adsorption (PSA)

7 Global Industrial Nitrogen Market, By Grade

7.1 Introduction

7.2 High Purity

7.3 Low Purity

8 Global Industrial Nitrogen Market, By Form

8.1 Introduction

8.2 Compressed Gas

8.3 Liquid Nitrogen

9 Global Industrial Nitrogen Market, By Type

9.1 Introduction

9.2 Single Wall Corrugated

9.3 Double Wall Corrugated

10 Global Industrial Nitrogen Market, By Application

10.1 Introduction

10.2 Commercial Use

10.3 Industrial Use

10.4 Science and Research

11 Global Industrial Nitrogen Market, By End User

11.1 Introduction

11.2 Agrochemicals

11.3 Automotive

11.4 Chemical

11.5 Semiconductor and Electronics

11.6 Food & Beverage

11.7 Metal Manufacturing & Fabrication

11.8 Oil & Gas

11.9 Petrochemical

11.10 Pharmaceutical & Healthcare

11.11 Refineries and Off Shore Platforms

11.12 Rubber and Plastic

11.13 Construction

11.14 Medical

12 Global Industrial Nitrogen Market, By Geography

12.1 Introduction

12.2 North America

12.3 Europe

12.4 Asia Pacific

12.5 South America

12.6 Middle East & Africa

13 Strategic Benchmarking

14 Vendors Landscape

For more information about this report visit https://www.researchandmarkets.com/r/7i262j