Industrial Nitrogen Market to Reach Value of USD 29.36 Billion by 2027 | Global Analysis, Statistics, Revenue, Demand and Trend Analysis Research Report by Emergen Research
Vancouver, British Columbia, Jan. 19, 2021 (GLOBE NEWSWIRE) — The global industrial nitrogen market is forecast to be valued at USD 29.36 Billion by 2027growing at a CAGR of 5.7%, according to a current analysis by Emergen Research. Nitrogen gas is used in a wide range of applications and end-uses, some of which include laser cutting, food packaging, coffee production, chemicals, electronics, breweries, oil and gas industries, and laboratories. Some among the primary factors driving growth of industrial liquid nitrogen market include major improvements in industrial gas industry, surge in demand from various end-use industries such as metal cutting and fabrication, manufacturing, and food & beverages industry, and growing demand from pharmaceuticals and medical industry.
However, increasingly stringent safety regulations, and structural and regulatory restrictions are some factors expected to hamper market growth to some extent. High production cost and labor force risk driven by accidental leakage of gas are other factors to consider.In addition, demand for nitrogen for applications in cryopreservation, cryotherapies, and in cryosurgeries for removing skin tags, moles, and treating skin cancer is expected to remain consistent over the forecast period. Wide applications in preserving blood in blood banks, food freezing, rubber and plastic deflashing and grinding, cooling, preserving of biological samples, metal treating, pulverization, and other temperature-associated applications is also expected to support demand and drive market growth.Claim Your FREE Sample Copy with Table of content@ https://www.emergenresearch.com/request-sample-form/477Companies Profiled in Industrial Nitrogen Market Report Include:Praxair, Air Products and Chemicals, Air Liquide, Linde, Taiyo Nippon Sanso, Cryotec, Bhuruka Gases Limited, Sudanese Liquid Air Company, Cross Country Infrastructure Services Inc., and Canair Nitrogen Inc.Key Highlights of Report and DevelopmentsIn January 2021, CIMC Enric Holdings announced that its subsidiary Zhangjiagang CIMC Sanctum Cryogenic Equipment Co., Ltd. recently initiated the Research & Development activity of liquid nitrogen biological containers for long-term cryogenic storage of vaccines, stem cells, plasma, embryos, and multiple tissues and organs for use in the biomedical industry.Asia Pacific accounted for 28.1% revenue share in the global market in 2019, and is expected to contribute to contribute significantly to market growth.Increasing metal production and growing construction industry in countries in Europe and Asia Pacific is resulting in rising demand for industrial nitrogen.Check Our Prices@ https://www.emergenresearch.com/select-license/477
For the purpose of this report, Emergen Research has segmented the global industrial nitrogen market based on form, production technology, distribution and transportation, end-user and regions as follows:Form Outlook (Revenue, USD Billion; Volume: Million Metric Tons; 2020-2027)CompressedLiquidProduction Technology Outlook (Revenue, USD Billion; 2020-2027)Cryogenic Fractional DistillationPressure Swing AdsorptionMembrane SeparationDistribution and Transportation Outlook (Revenue, USD Billion; 2020-2027)CylindersBulkTonnage or PipelineEnd User Outlook (Revenue, USD Billion; 2020-2027)Metal IndustryFood and BeveragesOil and GasChemicalElectronicsClick to access the Report Study, Read key highlights of the Report and Look at Projected Trends: https://www.emergenresearch.com/industry-report/industrial-nitrogen-marketRegional Outlook (Revenue, USD Billion; 2020-2027)North AmericaU.S.CanadaEuropeGermanyU.K.FranceBENELUXRest of EuropeAsia PacificChinaJapanSouth KoreaRest of APACLatin AmericaBrazilRest of LATAMMiddle East & AfricaSaudi ArabiaUAERest of MEATake a Look at our Related Reports:Spherical graphite market size was valued at USD 2,435.8 Million in 2019 and is forecasted to reach USD 9,598.8 Million by 2027 at a CAGR of 18.6%. The spherical graphite market is observing a double-digit growth attributed to its increasing usage in lithium-ion battery production.Sodium dichromate market size was valued at USD 759.2 Million in 2019 and is forecasted to reach USD 1,242.4 Million by 2027 at a CAGR of 6.3%. The sodium dichromate market is observing high demand attributed to its increasing application in pigment, metal finishing, chromium compounds preparation, leather tanning, and wood preservative.Acoustic insulation market size was valued at USD 12.94 Billion in 2019 and is forecasted to reach USD 19.64 Billion by 2027 at a CAGR of 5.3%. The acoustic insulation market is observing high demand attributed to its increasing application in building & construction, automotive, aerospace, and manufacturing.About Emergen ResearchEmergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.Contact Us:Eric LeeCorporate Sales SpecialistEmergen Research | Web: www.emergenresearch.comDirect Line: +1 (604) 757-9756E-mail: firstname.lastname@example.orgFacebook | LinkedIn | Twitter | BlogsRead Full Press Release@ https://www.emergenresearch.com/press-release/global-industrial-nitrogen-market