The nitrogen market size has grown rapidly in recent years. It will grow from $38.93 billion in 2023 to $43.08 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The expansion witnessed in the historical period is linked to factors such as agricultural demand, industrial applications, population growth and urbanization, demand from the energy sector, and biofuel production.
The nitrogen market size is expected to see rapid growth in the next few years. It will grow to $64.44 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The anticipated expansion in the forecast period is associated with the transition to renewable energy, adherence to environmental regulations and emission reduction efforts, ongoing global infrastructure development, initiatives related to carbon capture and storage (CCS), and changes in agriculture practices. Key trends projected for the forecast period encompass the evolving market dynamics in developing economies, innovations in nitrogen storage and transportation technologies, advancements in nitrogen production technologies, a move towards onsite nitrogen generation, and expansions in global nitrogen capacity.
The expansion of the nitrogen market is significantly influenced by the thriving food and beverage industry. Nitrogen gas finds widespread use in packaging food items within this industry. By displacing oxygen and preventing its contact with the food, nitrogen gas effectively inhibits food oxidation, thereby extending the shelf life and preserving the quality of the products. As reported by Statista, the food and beverage industry is projected to experience a growth rate of 8.4%. This substantial growth in the food and beverage sector directly translates to an increased demand for nitrogen, positively impacting the overall nitrogen market.
Moving forward, the nitrogen market is expected to witness growth driven by the escalating global population and the rising demand for increased crop output. The term "growing population" refers to the rise in the number of people residing in a specific geographic area or region, while "crop output" pertains to the increased quantity of crops needed to meet various needs, such as food, feed, fiber, and industrial uses. The expanding global population and the heightened demand for crop output are driving a significant surge in nitrogen demand. Nitrogen is a vital component in fertilizers, playing a crucial role in enhancing agricultural productivity to meet the escalating requirements for food and resources. For example, in September 2022, data from the U.S. Census Bureau indicated a 0.4% increase in the United States' resident population to 333,287,557. Consequently, the growing population and the heightened demand for increased crop output are propelling the nitrogen market.
The industrial nitrogen market faces growth limitations due to the inadequate implementation of safety measures in handling nitrogen within industries such as aerospace, steel manufacturing, and others. Liquid nitrogen finds applications in various industries such as oil and gas, metalworking, electronics, food processing, and manufacturing processes. However, improper handling can lead to severe cold burns and frostbite. Leaks in nitrogen containers stored in poorly ventilated spaces pose significant risks to life and property, exemplified by an incident at a Textron Aviation plant near Wichita, Kansas, where a liquid nitrogen line explosion resulted in injuries and property damage. The challenges associated with handling nitrogen gas negatively impact its demand in the market for industrial oxygen.
Industrial gas companies are increasingly adopting pressure swing adsorption (PSA) technology. This cost-effective and highly efficient method utilizes adsorption vessels packed with carbon molecular sieves (CMS) to selectively adsorb oxygen at high pressures, allowing nitrogen to pass through at the desired purity level. PSA systems offer a more economical alternative to traditional cryogenic distillation or stored liquid nitrogen for on-site nitrogen generation. Major industrial gas companies such as Linde, Air Products, Air Liquide, and Praxair are leveraging PSA systems to enhance nitrogen production.
Major players in the nitrogen market are focusing on product innovation. For instance, Atlas Copco introduced a range of advanced onsite nitrogen production generators called NGM⁺ 7-70 in October 2022. These generators use membrane technology, providing high-quality, reliable on-site nitrogen generation with low energy costs. The generators come in various model sizes, featuring high-performance, durable, pre-aged membrane modules, and include advanced features such as a gas purity sensor, feed air monitoring, and gas purity regulation valve, with control accessible through the innovative Elektronikon Touch controller.
In September 2022, Corteva Inc., an American agricultural chemical company, acquired Symborg, a Spanish new-tech nitrogen tool company, for an undisclosed amount. This strategic move positions Corteva to enhance its advanced biologicals portfolio through Symborg's expertise in nitrogen-related technologies.
Major companies operating in the nitrogen market report are BASF SE, Dow Chemical Company, Nutrien Ltd., Mitsubishi Chemical Corporation, Linde PLC, Air Liquide SA, Yara International ASA, Sumitomo Chemical Co. Ltd., DuPont de Nemours Inc., Air Products and Chemicals Inc., Sinochem Group Co. Ltd., CF Industries Holdings Inc., EuroChem Group AG, OCI Co. Ltd., Air Water Inc., Taiyo Nippon Sanso Corporation, UBE Industries Ltd., Messer Group GmbH, Shandong Hualu-Hengsheng Chemical Co. Ltd., Terra Nitrogen Company LP, Yingde Gases Group Co. Ltd., nexAir LLC, Aspen Air Corp., Praxair Technology Inc., CanAir Nitrogen Inc., Southern Industrial Gas Sdn Bhd, Universal Industrial Gases Inc., Kuwait Oxygen & Acetylene Co., Emirates Industrial Gases Co. LLC, Chengdu Taiyu Industrial Gases Co. Ltd. Asia-Pacific was the largest region in the nitrogen market in 2023. North America was the second-largest region in the global nitrogen market. The regions covered in the nitrogen market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The primary forms of nitrogen include compressed gas and liquid nitrogen. Compressed gases are those stored under pressure in cylinders, with diverse applications spanning commercial, industrial, scientific, and research sectors. End-use industries utilizing nitrogen encompass petrochemicals, oil and gas, metal manufacturing and fabrication, food and beverage, electronics, pharmaceuticals and healthcare, chemicals, among others.
The nitrogen market research report is one of a series of new reports that provides nitrogen market statistics, including nitrogen industry global market size, regional shares, competitors with a nitrogen market share, detailed nitrogen market segments, market trends and opportunities, and any further data you may need to thrive in the nitrogen industry. This nitrogen market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The countries covered in the nitrogen market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The nitrogen market consists of the sales of gas and liquid nitrogen used for the replacement of air and limit the oxidation of materials. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The nitrogen market size is expected to see rapid growth in the next few years. It will grow to $64.44 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The anticipated expansion in the forecast period is associated with the transition to renewable energy, adherence to environmental regulations and emission reduction efforts, ongoing global infrastructure development, initiatives related to carbon capture and storage (CCS), and changes in agriculture practices. Key trends projected for the forecast period encompass the evolving market dynamics in developing economies, innovations in nitrogen storage and transportation technologies, advancements in nitrogen production technologies, a move towards onsite nitrogen generation, and expansions in global nitrogen capacity.
The expansion of the nitrogen market is significantly influenced by the thriving food and beverage industry. Nitrogen gas finds widespread use in packaging food items within this industry. By displacing oxygen and preventing its contact with the food, nitrogen gas effectively inhibits food oxidation, thereby extending the shelf life and preserving the quality of the products. As reported by Statista, the food and beverage industry is projected to experience a growth rate of 8.4%. This substantial growth in the food and beverage sector directly translates to an increased demand for nitrogen, positively impacting the overall nitrogen market.
Moving forward, the nitrogen market is expected to witness growth driven by the escalating global population and the rising demand for increased crop output. The term "growing population" refers to the rise in the number of people residing in a specific geographic area or region, while "crop output" pertains to the increased quantity of crops needed to meet various needs, such as food, feed, fiber, and industrial uses. The expanding global population and the heightened demand for crop output are driving a significant surge in nitrogen demand. Nitrogen is a vital component in fertilizers, playing a crucial role in enhancing agricultural productivity to meet the escalating requirements for food and resources. For example, in September 2022, data from the U.S. Census Bureau indicated a 0.4% increase in the United States' resident population to 333,287,557. Consequently, the growing population and the heightened demand for increased crop output are propelling the nitrogen market.
The industrial nitrogen market faces growth limitations due to the inadequate implementation of safety measures in handling nitrogen within industries such as aerospace, steel manufacturing, and others. Liquid nitrogen finds applications in various industries such as oil and gas, metalworking, electronics, food processing, and manufacturing processes. However, improper handling can lead to severe cold burns and frostbite. Leaks in nitrogen containers stored in poorly ventilated spaces pose significant risks to life and property, exemplified by an incident at a Textron Aviation plant near Wichita, Kansas, where a liquid nitrogen line explosion resulted in injuries and property damage. The challenges associated with handling nitrogen gas negatively impact its demand in the market for industrial oxygen.
Industrial gas companies are increasingly adopting pressure swing adsorption (PSA) technology. This cost-effective and highly efficient method utilizes adsorption vessels packed with carbon molecular sieves (CMS) to selectively adsorb oxygen at high pressures, allowing nitrogen to pass through at the desired purity level. PSA systems offer a more economical alternative to traditional cryogenic distillation or stored liquid nitrogen for on-site nitrogen generation. Major industrial gas companies such as Linde, Air Products, Air Liquide, and Praxair are leveraging PSA systems to enhance nitrogen production.
Major players in the nitrogen market are focusing on product innovation. For instance, Atlas Copco introduced a range of advanced onsite nitrogen production generators called NGM⁺ 7-70 in October 2022. These generators use membrane technology, providing high-quality, reliable on-site nitrogen generation with low energy costs. The generators come in various model sizes, featuring high-performance, durable, pre-aged membrane modules, and include advanced features such as a gas purity sensor, feed air monitoring, and gas purity regulation valve, with control accessible through the innovative Elektronikon Touch controller.
In September 2022, Corteva Inc., an American agricultural chemical company, acquired Symborg, a Spanish new-tech nitrogen tool company, for an undisclosed amount. This strategic move positions Corteva to enhance its advanced biologicals portfolio through Symborg's expertise in nitrogen-related technologies.
Major companies operating in the nitrogen market report are BASF SE, Dow Chemical Company, Nutrien Ltd., Mitsubishi Chemical Corporation, Linde PLC, Air Liquide SA, Yara International ASA, Sumitomo Chemical Co. Ltd., DuPont de Nemours Inc., Air Products and Chemicals Inc., Sinochem Group Co. Ltd., CF Industries Holdings Inc., EuroChem Group AG, OCI Co. Ltd., Air Water Inc., Taiyo Nippon Sanso Corporation, UBE Industries Ltd., Messer Group GmbH, Shandong Hualu-Hengsheng Chemical Co. Ltd., Terra Nitrogen Company LP, Yingde Gases Group Co. Ltd., nexAir LLC, Aspen Air Corp., Praxair Technology Inc., CanAir Nitrogen Inc., Southern Industrial Gas Sdn Bhd, Universal Industrial Gases Inc., Kuwait Oxygen & Acetylene Co., Emirates Industrial Gases Co. LLC, Chengdu Taiyu Industrial Gases Co. Ltd. Asia-Pacific was the largest region in the nitrogen market in 2023. North America was the second-largest region in the global nitrogen market. The regions covered in the nitrogen market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The primary forms of nitrogen include compressed gas and liquid nitrogen. Compressed gases are those stored under pressure in cylinders, with diverse applications spanning commercial, industrial, scientific, and research sectors. End-use industries utilizing nitrogen encompass petrochemicals, oil and gas, metal manufacturing and fabrication, food and beverage, electronics, pharmaceuticals and healthcare, chemicals, among others.
The nitrogen market research report is one of a series of new reports that provides nitrogen market statistics, including nitrogen industry global market size, regional shares, competitors with a nitrogen market share, detailed nitrogen market segments, market trends and opportunities, and any further data you may need to thrive in the nitrogen industry. This nitrogen market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The countries covered in the nitrogen market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The nitrogen market consists of the sales of gas and liquid nitrogen used for the replacement of air and limit the oxidation of materials. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Nitrogen Market Characteristics3. Nitrogen Market Trends and Strategies32. Global Nitrogen Market Competitive Benchmarking33. Global Nitrogen Market Competitive Dashboard34. Key Mergers and Acquisitions in the Nitrogen Market
4. Nitrogen Market - Macro Economic Scenario
5. Global Nitrogen Market Size and Growth
6. Nitrogen Market Segmentation
7. Nitrogen Market Regional and Country Analysis
8. Asia-Pacific Nitrogen Market
9. China Nitrogen Market
10. India Nitrogen Market
11. Japan Nitrogen Market
12. Australia Nitrogen Market
13. Indonesia Nitrogen Market
14. South Korea Nitrogen Market
15. Western Europe Nitrogen Market
16. UK Nitrogen Market
17. Germany Nitrogen Market
18. France Nitrogen Market
19. Italy Nitrogen Market
20. Spain Nitrogen Market
21. Eastern Europe Nitrogen Market
22. Russia Nitrogen Market
23. North America Nitrogen Market
24. USA Nitrogen Market
25. Canada Nitrogen Market
26. South America Nitrogen Market
27. Brazil Nitrogen Market
28. Middle East Nitrogen Market
29. Africa Nitrogen Market
30. Nitrogen Market Competitive Landscape and Company Profiles
31. Nitrogen Market Other Major and Innovative Companies
35. Nitrogen Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Nitrogen Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on nitrogen market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
- Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for nitrogen? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Product Type: Compressed Gas; Liquid Nitrogen
2) By Application: Commercial Use; Industrial Use; Science and Research
3) By End-user Industry: Petrochemical; Oil and Gas; Metal Manufacturing and Fabrication; Food and Beverage; Electronics; Pharmaceutical and Healthcare; Chemical; Other End Use Industries
Key Companies Mentioned: BASF SE; Dow Chemical Company; Nutrien Ltd.; Mitsubishi Chemical Corporation; Linde plc
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- BASF SE
- Dow Chemical Company
- Nutrien Ltd.
- Mitsubishi Chemical Corporation
- Linde plc
- Air Liquide SA
- Yara International ASA
- Sumitomo Chemical Co. Ltd.
- DuPont de Nemours Inc.
- Air Products and Chemicals Inc.
- Sinochem Group Co. Ltd.
- CF Industries Holdings Inc.
- EuroChem Group AG
- OCI Co. Ltd.
- Air Water Inc.
- Taiyo Nippon Sanso Corporation
- UBE Industries Ltd.
- Messer Group GmbH
- Shandong Hualu-Hengsheng Chemical Co. Ltd.
- Terra Nitrogen Company LP
- Yingde Gases Group Co. Ltd.
- nexAir LLC
- Aspen Air Corp.
- Praxair Technology Inc.
- CanAir Nitrogen Inc.
- Southern Industrial Gas Sdn Bhd
- Universal Industrial Gases Inc.
- Kuwait Oxygen & Acetylene Co.
- Emirates Industrial Gases Co. LLC
- Chengdu Taiyu Industrial Gases Co. Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | February 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 43.08 Billion |
| Forecasted Market Value ( USD | $ 64.44 Billion |
| Compound Annual Growth Rate | 10.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 30 |
