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Nitrogen Gas Market Size, Share & Trends Analysis Report By Form (Compressed Gas, Liquid Nitrogen Gas), By Application (Food & Beverages, Chemicals), By Region, And Segment Forecasts, 2024 - 2030

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    Report

  • 116 Pages
  • July 2024
  • Region: Global
  • Grand View Research
  • ID: 5990592
Description Jump to:
The global nitrogen gas market size is anticipated to reach USD 44.28 billion by 2030, with a healthy CAGR of 6.4% from 2024 to 2030, according to a new report. The market growth is anticipated to be driven by the increased manufacturing of packaged food, medicines, pharmaceuticals, and electronics, thereby proliferating the industry growth.

The rising demand for convenience foods and the growing global food trade further amplify the product demand in food packaging. Manufacturers rely on nitrogen flushing to meet these demands as consumers seek options such as fresh food with extended shelf life. Also, the growing consumption of packaged food among the urban population and increasing demand for single-serve packs are further expected to spur industry growth.

Strict environmental regulations, such as the Clean Air Act, EPA regulations, and the Kyoto Protocol, challenge the nitrogen gas industry. These regulations are crucial for environmental protection but are likely to hinder market growth. Governments worldwide are implementing measures to reduce greenhouse emissions; thus, product manufacturers need to comply with these policies. An increasing emphasis on CSR initiatives is compelling product manufacturers to prioritize sustainability. Adopting environmentally friendly production practices and reducing carbon footprints aids in regulatory compliance and also enhances corporate brand image, potentially attracting a segment of environmentally conscious consumers.

However, the natural gas prices below depict significant price volatility that creates uncertainty for nitrogen gas producers and end users. The fluctuating input costs directly impact the cost of nitrogen production and, thus, the final pricing of the product, hindering overall market growth.

Nitrogen Gas Market Report Highlights

  • The compressed gas segment is expected to witness a robust CAGR of 6.1% over the forecast period. Compressed gas offers a cost-effective and efficient solution for high-production facilities, making cryogenic fractional distillation a widely adopted technology to produce high-purity industrial gases. This segment growth is anticipated to increase in cylinder systems associated with cryogenic fractional distillation, pressure swing adsorption, and membrane separation over the projected period.
  • The electronics application segment is likely to grow at the fastest CAGR of 6.7% over the coming years. Increasing disposable income, ongoing advancements in technology, and the surging popularity of new gadgets among both younger and older populations are enhancing the growth of the electronics industry. This, in turn, aids the production of electronic devices that eventually require nitrogen to provide an oxygen-and moisture-free environment. End users prefer onsite plants to meet the growing product demand and take steps toward decarbonization.
  • Asia Pacific is expected to witness the fastest CAGR of 6.8% over the forecast period. Nitrogen gas is widely used in various industries, such as electronics, pharmaceuticals, petrochemicals, and food packaging, for inerting, blanketing, and purging to prevent oxidation. The regional market is characterized by front- and back-end manufacturing. According to the Semiconductor Manufacturing Association, about 75% of the total global wafer fabrication, assembly, testing, and packaging of 7-nanometer chips is concentrated in the region. The far-reaching policies in the U.S. and European semiconductors industry have altered the Asia Pacific industry.
  • The key players in the market include Air Products and Chemicals, Inc., Air Water America, Inc., Linde plc, Messer Group, and Praxair Technology, Inc. These companies dominate the global market with a substantial presence throughout the value chain.
  • In September 2023, Air Water America Inc. acquired American Gas Products LLC, a producer of industrial and specialty gas in the U.S., to expand its presence in the North American market and strengthen its product portfolio.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Projection & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
Chapter 3. Global Nitrogen Gas Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Global Industrial Gases Market Outlook
3.2. Industry Value Chain Analysis
3.2.1. Technology Trends
3.2.2. Sales Channel Analysis
3.3. Vendor Landscape
3.3.1. List of Raw Material Suppliers
3.3.2. List of Distributors/Channel Partners
3.3.3. List of Potential End-Users
3.4. Regulatory Framework
3.5. Price Trend Analysis, 2018 - 2030 (USD/Kg)
3.5.1. Factors Influencing Prices
3.6. Market Dynamics
3.6.1. Market Driver Analysis
3.6.2. Market Restraint Analysis
3.6.3. Industry Opportunities
3.7. Industry Analysis Tools
3.7.1. Porter’s Five Forces Analysis
3.7.2. PESTEL Analysis
Chapter 4. Global Nitrogen Gas Market: Form Estimates & Trend Analysis
4.1. Form Movement Analysis & Market Share, 2023 & 2030
4.2. Global Nitrogen Gas Market Estimates & Forecast, By Form, 2018 to 2030 (Kilotons) (USD Million)
4.2.1. Compressed Gas
4.2.1.1. Compressed Gas Nitrogen Gas Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.2.2. Liquid Nitrogen Gas
4.2.2.1. Liquid Nitrogen Gas Nitrogen Gas Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. Global Nitrogen Gas Market: Application Estimates & Trend Analysis
5.1. Application Movement Analysis & Market Share, 2023 & 2030
5.2. Global Nitrogen Gas Market Estimates & Forecast, By Application, 2018 to 2030 (Kilotons) (USD Million)
5.2.1. Food & Beverage
5.2.1.1. Global Nitrogen Gas Market Estimates and Forecasts, in Food & Beverage, 2018 - 2030 (Kilotons) (USD Million)
5.2.2. Chemicals
5.2.2.1. Global Nitrogen Gas Market Estimates and Forecasts, in Chemicals, 2018 - 2030 (Kilotons) (USD Million)
5.2.3. Pharmaceuticals
5.2.3.1. Global Nitrogen Gas Market Estimates and Forecasts, in Pharmaceuticals, 2018 - 2030 (Kilotons) (USD Million)
5.2.4. Electronics
5.2.4.1. Global Nitrogen Gas Market Estimates and Forecasts, in Electronics, 2018 - 2030 (Kilotons) (USD Million)
5.2.5. Others
5.2.5.1. Global Nitrogen Gas Market Estimates and Forecasts, in Others, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. Global Nitrogen Gas Market: Regional Estimates & Trend Analysis
6.1. North America
6.1.1. North America Nitrogen Gas Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
6.1.2. U.S.
6.1.2.1. Key country dynamics
6.1.2.2. U.S. Nitrogen Gas Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
6.1.3. Canada
6.1.3.1. Key country dynamics
6.1.3.2. Canada Nitrogen Gas Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
6.1.4. Mexico
6.1.4.1. Key country dynamics
6.1.4.2. Mexico Nitrogen Gas Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
6.2. Europe
6.2.1. Europe Nitrogen Gas Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
6.2.2. Germany
6.2.2.1. Key country dynamics
6.2.2.2. Germany Nitrogen Gas Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
6.2.3. UK
6.2.3.1. Key country dynamics
6.2.3.2. UK Nitrogen Gas Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
6.2.4. Switzerland
6.2.4.1. Key country dynamics
6.2.4.2. Switzerland Nitrogen Gas Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
6.2.5. France
6.2.5.1. Key country dynamics
6.2.5.2. France Nitrogen Gas Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
6.2.6. Italy
6.2.6.1. Key country dynamics
6.2.6.2. Italy Nitrogen Gas Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
6.2.7. Spain
6.2.7.1. Key country dynamics
6.2.7.2. Spain Nitrogen Gas Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
6.2.8. The Netherlands
6.2.8.1. Key country dynamics
6.2.8.2. The Netherlands Nitrogen Gas Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
6.2.9. Russia
6.2.9.1. Key country dynamics
6.2.9.2. Russia Nitrogen Gas Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
6.3. Asia Pacific
6.3.1. Asia Pacific Nitrogen Gas Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
6.3.2. China
6.3.2.1. Key country dynamics
6.3.2.2. China Nitrogen Gas Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
6.3.3. India
6.3.3.1. Key country dynamics
6.3.3.2. India Nitrogen Gas Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
6.3.4. Japan
6.3.4.1. Key country dynamics
6.3.4.2. Japan Nitrogen Gas Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
6.3.5. South Korea
6.3.5.1. Key country dynamics
6.3.5.2. South Korea Nitrogen Gas Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
6.3.6. Malaysia
6.3.6.1. Key country dynamics
6.3.6.2. Malaysia Nitrogen Gas Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
6.3.7. Indonesia
6.3.7.1. Key country dynamics
6.3.7.2. Indonesia Nitrogen Gas Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
6.3.8. Vietnam
6.3.8.1. Key country dynamics
6.3.8.2. Vietnam Nitrogen Gas Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
6.3.9. Australia
6.3.9.1. Key country dynamics
6.3.9.2. Australia Nitrogen Gas Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
6.3.10. New Zealand
6.3.10.1. Key country dynamics
6.3.10.2. New Zealand Nitrogen Gas Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
6.4. Central & South America
6.4.1. Central & South America Nitrogen Gas Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
6.4.2. Brazil
6.4.2.1. Key country dynamics
6.4.2.2. Brazil Nitrogen Gas Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
6.4.3. Argentina
6.4.3.1. Key country dynamics
6.4.3.2. Argentina Nitrogen Gas Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
6.4.4. Chile
6.4.4.1. Key country dynamics
6.4.4.2. Chile Nitrogen Gas Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
6.4.5. Colombia
6.4.5.1. Key country dynamics
6.4.5.2. Colombia Nitrogen Gas Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
6.5. Middle East & Africa
6.5.1. Middle East & Africa Nitrogen Gas Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
6.5.2. Iran
6.5.2.1. Key country dynamics
6.5.2.2. Iran Nitrogen Gas Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
6.5.3. Oman
6.5.3.1. Key country dynamics
6.5.3.2. Oman Nitrogen Gas Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
6.5.4. UAE
6.5.4.1. Key country dynamics
6.5.4.2. UAE Nitrogen Gas Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
6.5.5. Qatar
6.5.5.1. Key country dynamics
6.5.5.2. Qatar Nitrogen Gas Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
6.5.6. Kuwait
6.5.6.1. Key country dynamics
6.5.6.2. Kuwait Nitrogen Gas Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
6.5.7. Saudi Arabia
6.5.7.1. Key country dynamics
6.5.7.2. Saudi Arabia Nitrogen Gas Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
6.5.8. South Africa
6.5.8.1. Key country dynamics
6.5.8.2. South Africa Nitrogen Gas Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
6.5.9. Angola
6.5.9.1. Key country dynamics
6.5.9.2. Angola Nitrogen Gas Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
6.5.10. Nigeria
6.5.10.1. Key country dynamics
6.5.10.2. Nigeria Nitrogen Gas Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
Chapter 7. Global Nitrogen Gas Market - Competitive Landscape
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Company Categorization
7.3. Company Market Positioning Analysis
7.4. Company Heat Map Analysis
7.5. Strategy Mapping
7.6. Company Profiles (Business Overview, Financial Performance, Product Benchmarking)
7.6.1. Air Products and Chemicals, Inc.
7.6.2. Gulf Cryo
7.6.3. Universal Industrial Gases, Inc.
7.6.4. NEXAIR
7.6.5. Southern Industrial Gas Sdn Bhd
7.6.6. Praxair Technology, Inc.
7.6.7. Taiyo Nippon Sanso Corporation
7.6.8. Axcel Gases
7.6.9. Linde Plc
7.6.10. Omega Air
7.6.11. Ellenbarrie Industrial Gases Ltd
7.6.12. Messer Group
7.6.13. Parker Hannifin Corp.
7.6.14. Dubai Industrial Gases
7.6.15. Yingde Gases Group
List of Tables
Table 1 Company Heat Map
Table 2 Key Companies Undergoing Capacity Expansions
Table 3 Key Companies Involved in Mergers & Acquisitions
Table 4 Financial Performance
List of Figures
Fig. 1 Market segmentation
Fig. 2 Information procurement
Fig. 3 Data analysis models
Fig. 4 Market formulation and validation
Fig. 5 Data validation & publishing
Fig. 6 Market snapshot
Fig. 7 Segmental Outlook, By Form & Application Segments
Fig. 8 Competitive Landscape
Fig. 9 Global Industrial Gas and Nitrogen Gas Markets, 2023 (USD Billion)
Fig. 10 Value chain analysis
Fig. 11 Market Dynamics
Fig. 13 National health expenditure of the U.S., 2017 - 2022 (USD Million)
Fig. 15 Porter’s Five Forces Analysis
Fig. 16 PESTLE Analysis
Fig. 17 Nitrogen Gas Market Estimates & Forecasts, by Form: Key Takeaways
Fig. 18 Nitrogen Gas Market Share, By Form, 2023 & 2030
Fig. 19 Compressed nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Million Tons)
Fig. 20 Liquid nitrogen market estimates & forecasts, 2018 - 2030 (USD Million) (Million Tons)
Fig. 21 Nitrogen Gas Market Estimates & Forecasts, by Application: Key Takeaways
Fig. 22 Nitrogen Gas Market Share, By Application, 2023 & 2030
Fig. 23 Nitrogen gas market estimates & forecasts, by food & beverage, 2018 - 2030 (USD Million) (Million Tons)
Fig. 24 Sales revenue of PepsiCo, 2018 - 2023 (USD Million)
Fig. 25 Nitrogen gas market estimates & forecasts, by chemicals, 2018 - 2030 (USD Million) (Million Tons)
Fig. 26 Nitrogen gas market estimates & forecasts, by pharmaceuticals, 2018 - 2030 (USD Million) (Million Tons)
Fig. 27 Europe Pharmaceuticals Industry Statistics, 2000-2021 (USD Million)
Fig. 28 Nitrogen gas market estimates & forecasts, by electronics, 2018 - 2030 (USD Million) (Million Tons)
Fig. 29 Global Production of Electronics and IT Industries, 2014 - 2024 (USD 10 Billion)
Fig. 30 Nitrogen gas market estimates & forecasts, by others, 2018 - 2030 (Million Tons) (USD Million)
Fig. 31 Residential & Non-residential Fires in U.S., 2012 - 2021 (Thousands)
Fig. 32 Nitrogen Gas Market Regional Snapshot
Fig. 33 North America nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Million Tons)
Fig. 34 U.S. nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Million Tons)
Fig. 35 Canada nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Million Tons)
Fig. 36 Mexico nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Million Tons)
Fig. 37 Europe nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Million Tons)
Fig. 38 Germany nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Million Tons)
Fig. 39 UK nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Million Tons)
Fig. 40 France nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Fig. 41 Italy nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Fig. 42 Spain nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Fig. 43 Netherlands nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Fig. 44 Russia nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Fig. 45 Asia Pacific nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Million Tons)
Fig. 46 China nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Million Tons)
Fig. 47 India nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Fig. 48 Production of the electronics industry in India, 2018 - 2022 (USD Million)
Fig. 49 Japan nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Fig. 50 South Korea nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Fig. 51 Malaysia nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Fig. 52 Indonesia nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Fig. 53 Vietnam nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Fig. 54 Australia nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Fig. 55 New Zealand nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Fig. 56 Central & South America nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Fig. 57 Brazil nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Fig. 58 Argentina nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Fig. 59 Chile nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Fig. 60 Colombia nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Fig. 61 Middle East & Africa nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Fig. 62 Iran nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Fig. 63 Oman nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Fig. 64 UAE nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Fig. 65 Qatar nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Fig. 66 Kuwait nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Fig. 67 Saudi Arabia nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Fig. 68 South Africa nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Fig. 69 Angola nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Fig. 70 Nigeria nitrogen gas market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Fig. 71 Key Company Categorization
Fig. 72 Company Market Positioning Analysis

Companies Mentioned

  • Air Products and Chemicals, Inc.
  • Gulf Cryo
  • Universal Industrial Gases, Inc.
  • NEXAIR
  • Southern Industrial Gas Sdn Bhd
  • Praxair Technology, Inc.
  • Taiyo Nippon Sanso Corporation
  • Axcel Gases
  • Linde Plc
  • Omega Air
  • Ellenbarrie Industrial Gases Ltd
  • Messer Group
  • Parker Hannifin Corp.
  • Dubai Industrial Gases
  • Yingde Gases Group

Methodology

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Table Information

Report AttributeDetails
No. of Pages116
PublishedJuly 2024
Forecast Period2023 - 2030
Estimated Market Value ( USD ) in 2023 $ 28.8 Billion
Forecasted Market Value ( USD ) by 2030 $ 44.28 Billion
Compound Annual Growth Rate6.4%
Regions CoveredGlobal
No. of Companies Mentioned15

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About the Nitrogen Gas Market

The nitrogen gas market is a key segment within the broader field of energy and natural resources due to its extensive use in various industrial processes. Nitrogen, a colorless and odorless gas that makes up about 78% of the Earth's atmosphere, is essential in sectors such as petrochemicals, where it's employed for inerting and blanketing to prevent explosions. In the pharmaceutical industry, nitrogen is used to provide aseptic conditions for the manufacturing of drugs. The food and beverage sector uses nitrogen to prolong shelf life and maintain freshness by displacing oxygen in packaging. Additionally, nitrogen gas is instrumental in the fabrication of electronics, functioning as a purging gas during the production of semiconductors and components. The production of nitrogen gas is closely associated with the air separation process, where air is divided into its primary components—nitrogen, oxygen, and argon—through methods like cryogenic distillation. Key players in the nitrogen gas market include multinational corporations such as Linde plc, Air Products and Chemicals, Inc., and Air Liquide. These companies specialize in gas production and supply, offering a range of products and services tailored to the needs of industries reliant on high-purity gases for their operations. Other notable participants encompass Praxair Technology, Inc., and Messer Group GmbH, each contributing to the dynamic landscape of the nitrogen gas sector through their expertise and technological advancements in gas processing and distribution. Show Less Read more

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