About Industrial Nitrogen Gas
Industrial nitrogen gas is highly pure nitrogen found either by the fractional distillation of air or mechanical separation. It finds application in many end-user industries including food & beverage, metal production, healthcare, agrochemicals, and chemicals. Industrial nitrogen has been used in the aerospace and aircraft industry in wind tunnels, heat-treating furnaces, and autoclaves for creating strong and lightweight materials. The growth of the market in the Asia Pacific region is maintained by the rising number of standards in building codes, improving economic conditions, continuous improvements in government budgets, as well as rising per capita income in the region.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Competition among existing players is due to the Time and Expense Management System market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Time and Expense Management System Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that German, Japanese, Malaysian, and United States Vendors will contribute the maximum growth to Global Industrial Nitrogen Gas market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Air Products and Chemicals (United States), Air Liquide (France), Linde Plc (Republic Of Ireland), Taiyo Nippon Sanso (Japan), Messer Group (Germany), Gulf Cryo (Kuwait), Southern Industrial Gas Sdn Bhd (Malaysia) and nexAir LLC (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Emirates Industrial Gases Co. LLC (UAE), MVS Engineering Pvt. Ltd. (India) and Siddi Vinayaka Industrial Gases Private Limited (India).
Segmentation Overview
AMA Research has segmented the market of Global Industrial Nitrogen Gas market by Type (Compressed Nitrogen Gas and Liquid Nitrogen Gas), Application (Metal Manufacturing & Fabrication, Oil & Gas, Petrochemical, Pharmaceutical & Healthcare, Chemical, Food & Beverages and Electronics) and Region.
On the basis of geography, the market of Industrial Nitrogen Gas has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia-Pacific region held largest market share in the year 2022. If we see Market by Transportation & Distribution, the sub-segment i.e. Bulk will boost the Industrial Nitrogen Gas market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Cryogenic fractional distillation will boost the Industrial Nitrogen Gas market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Growing Food & Beverage Industry and Rising Modern Healthcare In Developing Markets
Challenges:
The High Cost Of Production
Restraints:
Structural And Regulatory Restrictions
Opportunities:
Rising Demand From The Chemical Industry
Market Leaders and their expansionary development strategies
In September 2023, Air Water America Inc., which oversees our North American business, announced the acquisition of American Gas Products LLC. (AGP), a prominent helium gas supplier throughout the United States.
In July 2022, Absstem Technologies, a manufacturer of medical and industrial gas generators in India, launched a new business, Absstem Industrial Solutions Pvt. Ltd., that will be purely dedicated to the industrial application of oxygen and nitrogen.
Key Target Audience
Industrial nitrogen gas producers, Raw material producers and suppliers, Industrial nitrogen gas distributors and traders, End-use sectors, Governments and R&D institutions and Associations and industry bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.