PUNE, India, March 30, 2018 /PRNewswire/ --
The report "Industrial Nitrogen Market by Form (Liquid, Compressed), Technology (Cryogenic distillation, Membrane separation), Transportation (Cylinder, Bulk, Pipeline), End-use industry (Metal manufacturing, Food & beverage), and Region - Global Forecast to 2022", published by MarketsandMarkets™, the Industrial Nitrogen Market size is projected to grow from USD 15.03 Billion in 2017 to USD 19.96 Billion by 2022, at a CAGR of 5.83%. This market is witnessing considerable growth due to technological advancements in the industrial gases sector. Growing demand from end-use industries such as metal manufacturing & fabrication, food & beverages, and pharmaceutical & healthcare sector is the key factor driving the growth of the industrial nitrogen market.
Browse 138 market data Tables and 32 Figures spread through 156 Pages and in-depth TOC on "Industrial Nitrogen Market"
Early buyers will receive 10% customization on reports
Cryogenic fractional distillation is projected to grow at the highest rate during the forecast period.
The cryogenic fractional distillation segment is projected to grow at the highest CAGR during the forecast period. Cryogenic fractional distillation is the most widely used technique for producing high-purity industrial gases such as oxygen, nitrogen, and argon on an industrial scale, as it is one of the most cost-effective and economical technology solutions for high production rate plants.
Get PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=146964494
The bulk mode of transportation & distribution is projected to grow at the highest rate during the forecast period.
The bulk segment is projected to be the fastest-growing mode of transportation over the next five years. Large volumes of gas are supplied by bulk deliveries, either as a cryogenic liquid or a high pressure gas into storage on customer sites. When a large amount of industrial gas is required, bulk delivery is usually preferred as bulk systems provide the product safely and cost-effectively.
Asia Pacific accounted for the largest market share in 2017 and is projected to grow at the highest CAGR during the forecast period.
The Asia Pacific region accounted for the largest market share in 2017 and is projected to grow at the highest CAGR from 2017 to 2022. The market in China is expected to grow at the highest CAGR during the forecast period. The growth in the Asia Pacific region is supported by the improving economic conditions, continuous improvements in government budgets, rising number of standards in building codes, positive demographic outlook such as the increasing population and rising per capita income, and the growing manufacturing industries in the region.
The major players in the industrial nitrogen market include Praxair (US), Air Products and Chemicals (US), Air Liquide (France), Linde (Germany), and Taiyo Nippon Sanso (Japan). Other players in this market include Messer Group (Germany), Nexair LLC (US), and Gulf Cryo (Kuwait).
Know more about Industrial Nitrogen Market:
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
630 Dundee Road
Northbrook, IL 60062
Email: [email protected]
Visit Our Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets