Increasing Production Capacity to Meet Demand is Driving Global Industrial Nitrogen Market

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

• Liquid Nitrogen 
• Compressed Nitrogen

By End-User

• Food & Beverage
• Petrochemicals
• Metal Manufacturing & Fabrication
• Oil & Gas
• Pharmaceutical & Healthcare
• Others

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

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