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Nitrogen Market Size, Share Global Analysis Report, 2021–2028
Nitrogen Market – By Category (Chemical Grade, Food Grade, and Pharmaceutical Grade) and By Utilization (Food & Beverages, Medical & Healthcare, Metal Manufacturing, Chemicals & Petroleum Uses, Rubber & Plastic, Construction, and Others): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends and Forecast 2021–2028
Industry Insights
[209+ Pages Report] According to Facts and Factors, the global nitrogen market was worth around USD 14.5 billion in 2020 and is predicted to reach approximately USD 21.7 billion by the end of 2028, with a compound annual growth rate (CAGR) of around 5.8% during the forecast period 2021-2028. The report examines the nitrogen market’s drivers and restraints, as well as the impact they have on the demand during the forecast period. In addition, the report analyses global opportunities in the nitrogen market.
Market Overview
Nitrogen is a colorless, odorless chemical compound that is commonly used in the production of ammonia, cyanides, nitric acid, nitrates, and oxides. It is commonly used in the production of fertilizers, in the food & beverage sectors, as well as in the production of pharmaceutical medications such as antibiotics. Nitrogen gas is used in a wide range of industries for a variety of applications. Industrial nitrogen use has gained in popularity around the world due to its inexpensive cost. Because of technological advances, industrial nitrogen is now a cost-effective solution for a wide range of industries.
Nitrogen is a high-purity element created by mechanically separating or fractionally refining air. It is utilized in a range of end-use activities, including food & beverage, healthcare, agrochemicals, automotive, chemicals, and metal production. It is frequently found in gaseous or liquid form. The growing population, especially in developing countries, has resulted in considerable growth in processed food consumption, as well as a necessity to retain their quality and safety.
Additionally, nitrogen helps in the prevention of rotting and discoloration. It can be produced in a variety of ways for commercial usage, including fractional distillation, polymeric membranes, and pressure swing adsorption.
Growth Drivers
One of the primary factors driving the global nitrogen market is the expanding food and beverage industry. Nitrogen is widely utilized in the food and beverage industries for packaging, food aeration, and storage to extend the shelf life of food goods. Furthermore, in the wine sector, nitrogen is employed to protect product quality by avoiding oxidation throughout the fermentation process. Furthermore, the rise in fertilizer consumption, combined with increased grain output, is expected to boost nitrogen adoption globally.
However, increased nitrogen prices as a result of rising natural gas prices may stifle industry growth. Nonetheless, the increased usage of nitrogen in the healthcare industry is expected to open up new prospects for global nitrogen market growth in the future years. Nitrogen is utilized as a cryogen in the healthcare business to preserve and freeze tissues, blood, and reproductive cells, as well as in medicine manufacturing.
Report Scope
Report Attribute |
Details |
Market Size in 2020 |
USD 14.5 Billion |
Projected Market Size in 2028 |
USD 21.7 Billion |
CAGR Growth Rate |
5.8% CAGR |
Base Year |
2020 |
Forecast Years |
2021-2028 |
Key Market Players |
Universal Industrial Gases, Chengdu Taiyu Industrial Gases Co. Inc., Ellenbarrie Industrial Gases, Parker Hannifin Corp., Praxair Technology Inc., Linde Group, Messer Group GmbH, nexAir LLC, Air Products and Chemicals Inc., EPC Engineering & Technologies GmbH, CanAir Nitrogen Inc., and Others |
Key Segment |
By Category, By Utilization, and By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Regional Landscape
The Asia Pacific holds the largest share of the global nitrogen market. This can be due to the region's rapid development and growing population. Furthermore, improvements in the healthcare sector in this region are expected to raise nitrogen demand in the future years. Moreover, throughout the forecast period, the increasing usage of ammonia-based fertilizers in agrarian countries to boost soil fertility is expected to drive market expansion.
North America and Europe are the other major global nitrogen markets. The expansion of these regions' metal production and construction sectors is expected to boost the growth of the nitrogen market. Finally, markets in Latin America and the Middle East & Africa are expected to rise significantly throughout the projected period.
Recent Development
- In June 2021, Inox Air Products, one of India's major manufacturers of industrial and medical gases, announced that the proposed factory in Hosur will create liquid nitrogen, liquid oxygen, and liquid argon and will be ready for operation in December 2022.
Competitive Landscape
Some of the leading players in the global nitrogen market include
- Universal Industrial Gases
- Chengdu Taiyu Industrial Gases Co. Inc.
- Ellenbarrie Industrial Gases
- Parker Hannifin Corp.
- Praxair Technology Inc.
- Linde Group
- Messer Group GmbH
- nexAir LLC
- Air Products and Chemicals Inc.
- EPC Engineering & Technologies GmbH
- Can Air Nitrogen Inc.
The global nitrogen market is segmented as follows:
By Category Segment Analysis
- Chemical Grade
- Food Grade
- Pharmaceutical Grade
By Utilization Segment Analysis
- Food & Beverages
- Medical & Healthcare
- Metal Manufacturing
- Chemical & Petroleum uses
- Rubber & Plastic
- Construction
- Others
By Regional Segment Analysis
- North America
- The U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Reunion
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Content
Industry Major Market Players
- Universal Industrial Gases
- Chengdu Taiyu Industrial Gases Co. Inc.
- Ellenbarrie Industrial Gases
- Parker Hannifin Corp.
- Praxair Technology Inc.
- Linde Group
- Messer Group GmbH
- nexAir LLC
- Air Products and Chemicals Inc.
- EPC Engineering & Technologies GmbH
- Can Air Nitrogen Inc.
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