DUBLIN--(BUSINESS WIRE)--The "Industrial Nitrogen Market by Form, Technology, Transportation, End-use industry, and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The author projects that the industrial nitrogen market will grow from USD 15.03 Billion in 2017 to USD 19.96 Billion by 2022, at a CAGR of 5.83%.
This market is witnessing considerable growth due to the growing food & beverage and pharmaceutical industries in the emerging Asia Pacific market. Technological advancements in industrial gas are the key factors driving the growth of the industrial nitrogen market.
The industrial nitrogen market, by form, is segmented into compressed gas and liquid nitrogen. The compressed gas segment accounted for the largest share in 2016. The dominant position of this segment is owing to the fact that nitrogen gas finds wide application in a large number of industries as it is used to store petroleum liquefied explosive and flammable materials since it is an active element. As nitrogen is an inert gas, it is also used in the manufacturing of stainless steel.
In 2016, Asia Pacific accounted for the largest share of the global industrial nitrogen market and is projected to grow at the highest rate during the forecast period. The increase in the demand for industrial nitrogen can largely be attributed to the rising population of the region with high disposable incomes and growing industrialization in the region.
The global industrial nitrogen market is dominated by players such Praxair (US), Air Products and Chemicals (US), Air Liquide (France), Linde (Germany), and Taiyo Nippon Sanso (Japan). Other players in this market include Messer Group (Germany), Nexair LLC (US), and Gulf Cryo (Kuwait). These players adopted various strategies such as expansions & investments, joint ventures & agreements, contracts, new product launches, and mergers & acquisitions to increase their share in the industrial nitrogen market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Industrial Nitrogen Market, by Form
8 Industrial Nitrogen Market, by Technology
9 Industrial Nitrogen Market, by Transportation & Distribution
10 Industrial Nitrogen Market, by End-Use Industry
11 Industrial Nitrogen Market, by Grade
12 Industrial Nitrogen Market, by Region
13 Competitive Landscape
14 Company Profiles
- Air Liquide
- Air Products and Chemicals
- Aspen Air Corp.
- Bhuruka Gases Limited
- Bombay Oxygen Corporation Ltd
- Canair Nitrogen Inc.
- Cross Country Infrastructure Services Inc
- Cryotec Anlagenbau GmbH
- Ellenbarrie Industrial Gases
- Emirates Industrial Gases Co. LLC
- Gulf Cryo
- Messer Group
- Nexair LLC
- Praxair Inc.
- Southern Industrial Gas Berhad
- Sudanese Liquid Air Company
- Taiyo Nippon Sanso Corporation
- The Linde Group
- Universal Industrial Gases
- Yingde Gases Group Company
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