Global Nitrogen Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Nitrogen Market Report by The Business Research Company covers nitrogen market drivers and restraints, nitrogen market size, major players, and the impact of COVID-19 on the nitrogen market.
The nitrogen market consists of sales of industrial nitrogen and its related services used in various applications such as for food packaging in the food industry to prevent food spoilage, in steel manufacturing to prevent oxidation. The nitrogen gas is colorless, odorless, inert and non-flammable gas. It can be used to replace air and reduce or eliminate oxidation of materials including food items. This gas is used in various industries including healthcare, food & beverages, metal production, automotive, chemicals and agrochemicals, etc.
The growing food and beverages industry contribute to the growth of the nitrogen market. Nitrogen gas is widely used in food and beverages industry for packaging of food items.
The global nitrogen market is expected to grow from $27.35 billion in 2020 to $28.61 billion in 2021 at a compound annual growth rate (CAGR) of 4.6%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $33.17 billion in 2025 at a CAGR of 4%.
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Some nitrogen market trends include industrial gas companies increasingly using pressure swing adsorption (PSA) technology as a cost-effective and highly efficient method to produce nitrogen. PSA systems operate on the principle of adsorption. They consist of adsorption vessels packed with carbon molecular sieves (CMS) which are capable of adsorbing carbon dioxide and residual moisture. At high pressures, CMS selectively adsorbs oxygen, thus allowing nitrogen to pass through at the desired purity level.
Global nitrogen market segments include:
1) By Product Type: Compressed Gas, Liquid Nitrogen.
2) By End Use Industry: Petrochemical , Oil & Gas , Metal Manufacturing & Fabrication, Food & Beverages , Electronics , Pharmaceutical & Healthcare , Chemical, Others.
3) By Application: Commercial Use, Industrial Use, Science And Research.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Nitrogen Global Market Report 2021: COVID 19 Impact and Recovery to 2030 At:
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The Nitrogen Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides nitrogen market overviews, analyzes and forecasts market size, share, nitrogen market players, nitrogen market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The nitrogen market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Where To Learn More:
Read Nitrogen Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Air Liquide, Linde Group, Praxair Inc., Air Products and Chemicals, Messer Group, Southern Industrial Gas Berhad, Taiyo Nippon Sanso Corporation, Gulf Cryo, Emirates Industrial Gases Co. LLC, nexAir, CanAir Nitrogen, Chengdu Taiyu Industrial Gases, Universal Industrial Gases, Yingde Gases Group Company, Aspen Air Corp.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Nitrogen Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The nitrogen Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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