According to a recent report by Emergen Research, the industrial nitrogen market is anticipated to reach a value of USD 29.36 billion by 2027.
Since it helps to establish and maintain product sterility, liquid nitrogen is frequently utilised in the packaging of medical products. In order to maintain and safeguard products throughout transportation and storage, high quality nitrogen gas is supplied into the package before it is sealed. Examples of products that are regularly packaged with nitrogen gas include test kits for medical offices, blood supplies, specimen containers, and other medical gadgets.
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Systems called nitrogen generators produce high-quality nitrogen gas for use in medical equipment in hospitals and laboratories. Compared to high-force cylinders, nitrogen generators are safer to use and more manageable. These generators can be used to regulate the oxygen levels in a workspace, a lab, or a large enclosed space. Nitrogen is produced from the surrounding air using nitrogen generators, which are incredibly productive and efficient. These systems not only increase facility safety but also reduce expenses and enable higher standards of sterility and operation in laboratories.
The Global Industrial Nitrogen Market Research Report added to its expanding repository is an all-inclusive document containing insightful data about the Industrial Nitrogen market and its key elements. The report is formulated through extensive primary and secondary research and is curated with an intent to offer the readers and businesses a competitive edge over other players in the industry. The report sheds light on the minute details of the Industrial Nitrogen industry pertaining to growth factors, opportunities and lucrative business prospects, regions showing promising growth, and forecast estimation till 2027.
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Key Highlights of Report and Developments
Praxair and Linde Group combined in October 2018 to form a single company with a market worth of USD 90 billion. By expanding its geographic reach to become a global power, the merger would help to further consolidate positions in the nitrogen industry.
The acquisition of the intellectual property, machinery, and associated assets for the Microbulk cryogenic tank from IC Biomedical was finished by Chart Industries, Inc. (NASDAQ: GTLS) in November 2020. (ICB). In addition, the acquisition expands Chart Industries’ line of speciality products to include a fresh, effective engineered food processing tank. In food processing facilities, these tanks are used to inject liquid nitrogen into the chicken nugget blending process.
Asia Pacific had the greatest revenue share of the global industrial nitrogen market in 2019; over the forecast period, this revenue share is expected to grow at the highest CAGR. Growing food demand, fueled by a rapidly expanding global population in these nations, as well as growing disposable income, changing lifestyles, raising living standards for consumers, and quick industrialization, have all contributed to an increase in the demand for industrial nitrogen for food processing and packaging applications.
Emergen Research has segmented the global industrial nitrogen market based on form, production technology, distribution and transportation, end-use, and region:
Form Outlook (Revenue, USD Billion; Volume: Million Metric Tons; 2020-2027)
Compressed
Liquid
Production Technology Outlook (Revenue, USD Billion; 2020-2027)
Cryogenic Fractional Distillation
Pressure Swing Adsorption
Membrane Separation
Distribution and Transportation Outlook (Revenue, USD Billion; 2020-2027)
Cylinders
Bulk
Tonnage or Pipeline
End User Outlook (Revenue, USD Billion; 2020-2027)
Metal Industry
Food and Beverages
Oil and Gas
Chemical
Electronics
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The report also studies the key companies of the Industrial Nitrogen market along with analysis of their business strategies, M&A activities, investment plans, product portfolio, financial standing, gross profit margin, and production and manufacturing capacities.
Key players include
Praxair, Air Products and Chemicals, Air Liquide, Linde, Taiyo Nippon Sanso, Cryotec, Bhuruka Gases Limited, Sudanese Liquid Air Company, Cross Country Infrastructure Services Inc., and Canair Nitrogen Inc.
Regional Segmentation
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Highlights of Table of Contents (TOC):
Overview of Global Industrial Nitrogen Market
Competitive analysis of the Industrial Nitrogen market
Regional analysis of Global Industrial Nitrogen market production and revenue
Regional analysis of Global Industrial Nitrogen market supply, consumption, and export & import
Type-based market analysis of global Industrial Nitrogen production, revenue, and price trends
Application-based analysis of the global Industrial Nitrogen market
Manufacturer profiles, manufacturing cost, and upstream and downstream analysis of global Industrial Nitrogen market
Global Industrial Nitrogen market forecast (2020-2027)
Conclusion of the research report
Appendix
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