London, Greater London, UK, September 21, 2021/EINPresswire.com/–According to the new market research report “2021 Global Nitrogen Market Report: COVID-19 Impact and Recovery” released by the Business Research Company, the scale of the nitrogen market is expected It will grow from 27.35 billion U.S. dollars in 2020 to 28.61 billion U.S. dollars in 2021, with a compound annual growth rate (CAGR) of 4.6%. The growth was mainly due to the company’s rescheduling of operations and recovery from the effects of COVID-19 leading to restrictive containment measures, including social distancing, remote work, and the closure of business activities that caused operational challenges. It is estimated that by 2025, the nitrogen market will reach 33.17 billion U.S. dollars, with a compound annual growth rate of 4%. The growing food and beverage industry has contributed to the growth of the nitrogen market.
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The nitrogen market includes the sales of industrial nitrogen and its related services for various applications, such as food packaging in the food industry to prevent food corruption, and steel manufacturing to prevent oxidation. Nitrogen is a colorless, odorless, inert and non-flammable gas. It can be used to replace air and reduce or eliminate the oxidation of materials including food. This gas is used in a variety of industries, including healthcare, food and beverages, metal production, automobiles, chemicals, and agrochemicals.
Trends in the global nitrogen market Industrial gas companies are increasingly using pressure swing adsorption (PSA) technology as a cost-effective method of nitrogen production. The PSA system works according to the principle of adsorption. They consist of an adsorption vessel equipped with a carbon molecular sieve (CMS), capable of adsorbing carbon dioxide and residual moisture. Under high pressure, the CMS selectively adsorbs oxygen, allowing nitrogen to pass through at the required purity level. Using a PSA system to generate nitrogen on-site is more cost-effective than traditional cryogenic distillation or storage of liquid nitrogen. PSA can economically produce nitrogen at a flow rate of less than 5,000 SCFH to more than 60,000 SCFH and a purity of 95% to 99.9995%. Mahler AGS, a German manufacturer of on-site gas-fired power plants, is using PSA systems to produce nitrogen at low cost. Major industrial gas companies such as Linde, Air Products, Air Liquide, and Praxair are using PSA systems to increase nitrogen production.
Global nitrogen market segmentation: The global nitrogen market is further segmented according to product types. End-use industries, applications, and geography.
Industry by end use: petrochemical, oil and gas, metal manufacturing and manufacturing, food and beverage, electronics, pharmaceutical and healthcare, chemical industry, others
Geographically: The global nitrogen market is divided into North America, South America, Asia Pacific, Eastern Europe, Western Europe, Middle East and Africa.
To read more about the global nitrogen market report, please visit: https://www.thebusinessresearchcompany.com/report/nitrogen-global-market-report
The “2021 Global Nitrogen Market Report” is one of a series of new reports from The Business Research Company. The report provides an overview of the nitrogen market, analysis and forecasts of the global nitrogen market’s market size and growth, nitrogen market share, nitrogen market participants, Nitrogen market segmentation and region, the revenue, overview and market share of the nitrogen market leading competitors. The Nitrogen Market Report identifies major countries and market segments for opportunities and strategies based on market trends and leading competitors’ methods.
Read the “2021 Nitrogen Global Market Report” by The Business Research Company to learn about the following:
Data breakdown: market size, global, by region and by country; historical and projected scale and growth rate of the world, 7 regions and 12 countries
Nitrogen market organizations covered: Air Liquide, Linde Group, Praxair, Air Products and Chemicals, Messer Group, Southern Industrial Gas Berhad, Taiyo Nippon Sanso Corporation, Gulf Cryo, Emirates Industrial Gases Co. LLC, nexAir, CanAir Nitrogen, Chengdu Taiyu Industrial Gases, Universal Industrial Gases, Yingde Gases Group Company, Aspen Air Corp.
Regions: Asia Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom, United States.
Interested in learning more about business research companies? Business Research Company has published more than 1,000 industry reports covering more than 2,500 market segments and 60 regions. These reports draw on 150,000 data sets, extensive secondary research, and exclusive insights from interviews with industry leaders. After the report was updated, it analyzed in detail the impact of COVID-19 on various markets.
The following is a list of reports from a business research company, similar to the 2021 Global Nitrogen Market Report:
2021 Industrial Gas Global Market Report-By type (nitrogen, oxygen, carbon dioxide, hydrogen, other industrial gases), by end user industry (chemicals, metallurgy, manufacturing, food and beverage, healthcare), by supply method (bulk, Packaging, piping), by packaging (cylinders, bottles, cans, ink cartridges, cryogenic tanks/containers), COVID-19 impact and recovery https://www.thebusinessresearchcompany.com/report/industrial-gas-global-market-report
2021 Chemical Fertilizer Global Market Report-By type (nitrogen fertilizer, phosphate fertilizer, potash fertilizer), by crop category (grains, oilseeds, vegetables, fruits), by application method (broadcast, drip, fertilization, foliar spray) form (solid , Liquid, gas), by product type (compound fertilizer, DAP, MOP, urea, SSP), COVID-19 impact and recovery https://www.thebusinessresearchcompany.com/report/chemical-fertilizers-global-market-report
2021 Nitrogen Fertilizer Global Market Report-By type (urea, calcium ammonium nitrate (CAN), ammonium nitrate, ammonium sulfate, ammonia, other nitrogen fertilizers), by application (cereals and grains, oilseeds and beans, fruits and vegetables), by application Form (liquid, dry), through treatment (soil, foliage, fertilization), COVID-19 impact and recovery https://www.thebusinessresearchcompany.com/report/nitrogen-fertilizers-global-market-report
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Post time: Dec-13-2021