Industrial Nitrogen Market Size, Share & Trends Analysis Report, By Forecast Period (2022-2028)

The global industrial nitrogen market is anticipated to grow at a CAGR of 7.6% during the forecast period. The considerable increase in the production capacity of industrial nitrogen by manufacturers to meet the growing demand for industrial nitrogen from end-user industries is a key factor driving the growth of the global industrial nitrogen market. For instance, in June 2022, Air Products signed a long-term supply agreement with Indian Oil Corporation (IOCL), India’s national oil company. Air Products will build, own and operate (BOO) a new industrial gases complex supplying hydrogen, nitrogen and steam to IOCL’s Barauni Refinery in Bihar, India.

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The new industrial gas complex will aid IOCL’s capacity expansion from six to nine million tons per annum producing Euro-VI or BS-VI compliant gasoline and diesel at its Barauni complex. The industrial gas complex will include the latest generation multi-feed hydrogen production facility supplying 70,000 normal cubic meters per hour (Nm3/hr) of hydrogen as well as steam, and a high-efficiency air separation unit producing 4,000 Nm3/hr of nitrogen. Such production capacity expansion of industrial nitrogen plants by key manufacturers is driving the growth of the global industrial nitrogen market.

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  • Market Coverage
  • Market number available for – 2022-2028
  • Base year- 2021
  • Forecast period- 2022-2028
  • Segment Covered- By Source, By Product Type, By Applications
  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others

Global Industrial Nitrogen Market Report by Segment

By Form

  • Liquid Nitrogen
  • Compressed Nitrogen

By End-User

  • Food & Beverage
  • Petrochemicals
  • Metal Manufacturing & Fabrication
  • Oil & Gas
  • Pharmaceutical & Healthcare
  • Others

Global Industrial Nitrogen Market Report by Region

North America

  • United States
  • Canada

Europe

  • UK
  • Germany
  • Italy
  • Spain
  • France
  • Rest of Europe

Asia-Pacific

  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific

Rest of the World

  • Latin America
  • Middle East & Africa

The Report Covers

  • Market value data analysis of 2021 and forecast to 2028.
  • Annualized market revenues ($ million) for each market segment.
  • Country-wise analysis of major geographical regions.
  • Key companies operating in the global industrial nitrogen market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
  • Analysis of market-entry and market expansion strategies.
  • Competitive strategies by identifying ‘who-stands-where’ in the market.

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