The global industrial nitrogen market is anticipated to grow at a CAGR of 7.6% during the forecast period. The considerable increase in the production capacity of industrial nitrogen by manufacturers to meet the growing demand for industrial nitrogen from end-user industries is a key factor driving the growth of the global industrial nitrogen market. For instance, in June 2022, Air Products signed a long-term supply agreement with Indian Oil Corporation (IOCL), India’s national oil company. Air Products will build, own and operate (BOO) a new industrial gases complex supplying hydrogen, nitrogen and steam to IOCL’s Barauni Refinery in Bihar, India.
Browse the full report description of “Industrial Nitrogen Market Size, Share & Trends Analysis Report, By Form (Liquid Nitrogen and Compressed Nitrogen), By End-User (Food & Beverage, Petrochemicals, Metal Manufacturing & Fabrication, Oil & Gas, Pharmaceutical & Healthcare, and Others), Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/industrial-nitrogen-market
The new industrial gas complex will aid IOCL’s capacity expansion from six to nine million tons per annum producing Euro-VI or BS-VI compliant gasoline and diesel at its Barauni complex. The industrial gas complex will include the latest generation multi-feed hydrogen production facility supplying 70,000 normal cubic meters per hour (Nm3/hr) of hydrogen as well as steam, and a high-efficiency air separation unit producing 4,000 Nm3/hr of nitrogen. Such production capacity expansion of industrial nitrogen plants by key manufacturers is driving the growth of the global industrial nitrogen market.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Form
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Air Products and Chemicals, Air Liquide S.A., and Linde plc, among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Industrial Nitrogen Market Report by Segment
By Form
By End-User
Global Industrial Nitrogen Market Report by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/industrial-nitrogen-market