Dublin, June 01, 2018 (GLOBE NEWSWIRE) -- 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 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 advancements in industrial gas and growing demand from end-use industries such as food & beverage and metal manufacturing & fabrication. The pharmaceutical & healthcare industry is growing owing to the rising health issues among people, which is eventually fueling the growth of the industrial nitrogen market. In contrast, factors such as high cost of production and uncertain ROIs and growth stagnation in North America and Europe hamper the growth of the industrial nitrogen market.
Metal manufacturing & fabrication accounted for the largest market share in 2017 and is projected to dominate the compressed nitrogen gas market through 2022. The dominant position of this segment is attributed to the wide application industrial nitrogen in the metal manufacturing industry. Nitrogen is used as an inert gas in bottom blowing converters, as a protective gas for the annealing of cold rolled steel, and as a shield gas in the heat treatment of metals such as iron and steel.
Asia Pacific is projected to be the fastest-growing in the industrial nitrogen market, in terms of value and volume, followed by North America, Europe, and the Middle East & Africa. Asia Pacific is the hub of foreign investments with its booming manufacturing sectors, largely due to the low-cost labor and cheap availability of land. The increase in demand for industrial nitrogen can be attributed to the rising population of the region with high disposable incomes, which is driving the food & beverage industry in this region.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
3.1 Compressed Gas Segment to Dominate the Market By 2022
3.2 Cryogenic Fraction Distillation Technology to Dominate the Market Through 2022
3.3 Asia Pacific to Dominate the Market By 2022
4 Premium Insights
4.1 Attractive Market Opportunities in the Industrial Nitrogen Market
4.2 Asia Pacific Industrial Nitrogen Market
4.3 Food & Beverage Industry is Projected to Dominate the Liquid Nitrogen Segment By 2022
4.4 Metal Manufacturing & Fabrication Industry is Projected to Dominate the Compressed Gas Segment By 2022
4.5 Cryogenic Fraction Distillation Technology Projected to Dominate the Market
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growth of the Food & Beverage Industry
5.2.1.2 Growth of Modern Healthcare in Developing Markets
5.2.2 Restraints
5.2.2.1 Structural and Regulatory Restrictions
5.2.3 Opportunities
5.2.3.1 High Demand From the Chemical Industry
5.2.4 Challenges
5.2.4.1 High Cost of Production and Uncertain Rois
5.2.4.2 Growth Stagnation in North America and Europe
6 Industry Trends
6.1 Porter's Five Forces Analysis
6.1.1 Threat of New Entrants
6.1.2 Threats of Substitutes
6.1.3 Bargaining Power of Suppliers
6.1.4 Bargaining Power of Buyers
6.1.5 Intensity of Competitive Rivalry
7 Industrial Nitrogen Market, By Form
7.1 Introduction
7.2 Compressed Gas
7.3 Liquid Nitrogen
8 Industrial Nitrogen Market, By Technology
8.1 Introduction
8.2 Cryogenic Fraction Distillation
8.3 Membrane Separation
8.4 Pressure Swing Adsorption
9 Industrial Nitrogen Market, By Transportation & Distribution
9.1 Introduction
9.2 Cylinders & Packaged Gas
9.3 Bulk
9.4 Tonnage/Pipeline
10 Industrial Nitrogen Market, By End-Use Industry
10.1 Introduction
10.2 Petrochemical
10.3 Oil & Gas
10.4 Metal Manufacturing & Fabrication
10.5 Food & Beverage
10.6 Electronics
10.7 Pharmaceutical & Healthcare
10.8 Chemical
10.9 Others
11 Industrial Nitrogen Market, By Grade
11.1 Introduction
11.1.1 High Purity
11.1.2 Low Purity
12 Industrial Nitrogen Market, By Region
13 Competitive Landscape
13.1 Overview
13.2 Competitive Scenario
13.2.1 Expansions & Investments
13.2.2 Mergers & Acquisitions
13.2.3 Agreements, Contracts, and Joint Ventures
13.2.4 New Product and Technology Launches
13.3.1 Air Liquide
13.3.2 The Linde Group
13.3.3 Praxair Inc.
13.3.4 Air Products and Chemicals
13.3.5 Messer Group
14 Company Profiles
14.1 The Linde Group
14.2 Praxair Inc.
14.3 Air Liquide
14.4 Air Products and Chemicals
14.5 Messer Group
14.6 Southern Industrial Gas Berhad
14.7 Taiyo Nippon Sanso Corporation
14.8 Gulf Cryo
14.9 Emirates Industrial Gases Co. LLC
14.10 Nexair LLC
14.11 Additional Companies
14.11.1 Universal Industrial Gases
14.11.2 Yingde Gases Group Company
14.11.3 Aspen Air Corp.
14.11.4 Ellenbarrie Industrial Gases
14.11.5 Cryotec Anlagenbau GmbH
14.11.6 Bhuruka Gases Limited
14.11.7 Sudanese Liquid Air Company
14.11.8 Cross Country Infrastructure Services Inc
14.11.9 Canair Nitrogen Inc.
14.11.10 Bombay Oxygen Corporation Ltd
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