- Compressed Gas
- Liquid Nitrogen
Nitrogen Market size was valued at USD 76,187.1 million in 2023 and is poised to grow at a CAGR of 9.4% from 2024-2030. The market is driven by rising demand across industries, a growing population, advancements in technology, and an increased focus on food preservation. Nitrogen has a wide range of applications in various sectors, including fertilizers, food & beverage, electronics, pharmaceuticals, and metals. Growth in these industries will fuel nitrogen demand. A growing global population means an increased need for food production, which in turn drives fertilizer demand, a major user of nitrogen. Developments in cryogenic air separation techniques are making nitrogen production more efficient and cost-effective. Nitrogen is used in modified atmosphere packaging to extend food shelf life, a trend expected to continue. The constraints of the nitrogen market that will hinder its growth are fluctuations in natural gas prices, stringent environmental regulations, and safety concerns. Natural gas is a key feedstock for nitrogen production, and price volatility can impact production costs. Nitrogen emissions can contribute to air and water pollution, and stricter regulations may limit production or increase costs. Nitrogen is an asphyxiant gas, and proper handling and storage are crucial. Stringent safety regulations can add complexity to the market.
Nitrogen Market Key Developments:
- In July, 2023, AGROFERT, a.s.acquired Borealis AG, of its nitrogen business, which includes fertilizer, melamine, and technical nitrogen products.
- In December 2023 USA DeBusk LLCrecently acquired Nitro-Lift, a nitrogen services provider. Nitro-Lift comprises three companies: Nitro Lift Technologies LLC, Nitro-Lift Fabrication LLC, and Nitro-Chem Solutions LLC
Nitrogen Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
9.4%
Largest Market
North America
Fastest Growing Market
Asia Pacific
Nitrogen Market Dynamics
Developing economies in Asia Pacific are expected to see significant growth in nitrogen demand due to rapid industrialization and urbanization, while organic farming reduces overall fertilizer use, there's still a demand for certified organic fertilizers that rely on nitrogen sources other than synthetic options. Liquid nitrogen has growing applications in cryotherapy and medical research, creating new market segments. Liquid nitrogen offers advantages like ease of storage and transportation, and its demand is expected to rise in various industries. There's a growing interest in developing sustainable nitrogen production methods, such as using renewable energy sources for air separation. The nitrogen market is expected to see increased integration across the supply chain and adoption of automation technologies for efficiency. These are the above factors that are creating a significant opportunity for the growth of the nitrogen market.
Asia-Pacific Got Significant Share
Nitrogen Market Regional Analysis
Based on regions, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. Asia Pacific is the dominant region. This region leads the pack in nitrogen consumption due to rapid industrialization and urbanization. Growing economies like China and India are experiencing a surge in demand from sectors like chemicals, fertilizers, and food & beverages. North America and Europe these regions have established industrial sectors that utilize nitrogen extensively. However, their growth rates are expected to be slower compared to Asia Pacific. Latin America and the Middle East these regions are projected to witness a rise in nitrogen demand due to developing industries and infrastructure projects.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The nitrogen market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies.
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenarios.
Nitrogen Market Segmentation
By Technology
By Application
- Commercial Use
- Industrial Use
- Science and Research
By End User
- Petrochemical
- Oil & Gas
- Metal Manufacturing & Fabrication
- Food & Beverage
- Electronics
- Pharmaceutical & Healthcare
- Chemical
- Others
Geography
- North America
- Europe
- The Asia Pacific
- Latin America
- MEA
Frequently Asked Questions
The nitrogen market was valued at USD 76,187.1 million in 2023 and is growing at a CAGR of 9.4%.
The market is driven by rising demand across industries, a growing population, advancements in technology, and an increased focus on food preservation.
Market research is segmented based on the product type, application, end-user industry, and region.
Asia Pacific is the dominant in the nitrogen market.
| 1. Executive Summary |
| 2. Global Nitrogen Market Introduction |
| 2.1. Global Nitrogen Market Taxonomy |
| 2.2. Global Nitrogen Market Definitions |
| 2.2.1. Product Type |
| 2.2.2. Application |
| 2.2.3. End User Industry |
| 3. Global Nitrogen Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Nitrogen Market Dynamic Factors - Impact Analysis |
| 3.6. Global Nitrogen Market Competition Landscape |
| 4. Global Nitrogen Market Analysis, 2019-2023 and Forecast, 2024-2030 |
| 4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Nitrogen Market, By Product Type, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.1. Compressed Gas |
| 5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Liquid Nitrogen |
| 5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6. Global Nitrogen Market Forecast, By Application, 2019-2023 and Forecast, 2024-2030 |
| 6.1. Commercial Use |
| 6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Industrial Use |
| 6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Science and Research |
| 6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7. Global Nitrogen Market Forecast, By End User Industry, 2019-2023 and Forecast, 2024-2030 |
| 7.1. Petrochemical |
| 7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Oil & Gas |
| 7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Metal Manufacturing & Fabrication |
| 7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Food & Beverage |
| 7.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Electronics |
| 7.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Pharmaceutical & Healthcare |
| 7.6.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 7.7. Chemical |
| 7.7.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.7.3. Market Opportunity Analysis |
| 7.8. Others |
| 7.8.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.8.3. Market Opportunity Analysis |
| 8. Global Nitrogen Market Forecast, By Region, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia-Pacific |
| 8.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global Nitrogen Market - Opportunity Analysis Index, By Product Type, Application, End User Industry, and Region, 2024-2030 |
| 9. North America Nitrogen Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 9.1. By Product Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Compressed Gas |
| 9.1.2. Liquid Nitrogen |
| 9.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Commercial Use |
| 9.2.2. Industrial Use |
| 9.2.3. Science and Research |
| 9.3. End User Industry Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Petrochemical |
| 9.3.2. Oil & Gas |
| 9.3.3. Metal Manufacturing & Fabrication |
| 9.3.4. Food & Beverage |
| 9.3.5. Electronics |
| 9.3.6. Pharmaceutical & Healthcare |
| 9.3.7. Chemical |
| 9.3.8. Others |
| 9.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. USA |
| 9.4.2. Canada |
| 9.5. North America Nitrogen Market - Opportunity Analysis Index, By Product Type, Application, End User Industry, and Country, 2024-2030 |
| 9.6. North America Nitrogen Market Dynamics Trends |
| 10. Europe Nitrogen Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 10.1. By Product Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Compressed Gas |
| 10.1.2. Liquid Nitrogen |
| 10.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Commercial Use |
| 10.2.2. Industrial Use |
| 10.2.3. Science and Research |
| 10.3. End User Industry Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Petrochemical |
| 10.3.2. Oil & Gas |
| 10.3.3. Metal Manufacturing & Fabrication |
| 10.3.4. Food & Beverage |
| 10.3.5. Electronics |
| 10.3.6. Pharmaceutical & Healthcare |
| 10.3.7. Chemical |
| 10.3.8. Others |
| 10.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. UK |
| 10.4.3. France |
| 10.4.4. Spain |
| 10.4.5. Italy |
| 10.4.6. Russia |
| 10.4.7. Poland |
| 10.4.8. Rest of Europe |
| 10.5. Europe Nitrogen Market - Opportunity Analysis Index, By Product Type, Application, End User Industry, and Country, 2024-2030 |
| 10.6. Europe Nitrogen Market Dynamics Trends |
| 11. Asia-Pacific Nitrogen Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 11.1. By Product Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Compressed Gas |
| 11.1.2. Liquid Nitrogen |
| 11.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Commercial Use |
| 11.2.2. Industrial Use |
| 11.2.3. Science and Research |
| 11.3. End User Industry Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Petrochemical |
| 11.3.2. Oil & Gas |
| 11.3.3. Metal Manufacturing & Fabrication |
| 11.3.4. Food & Beverage |
| 11.3.5. Electronics |
| 11.3.6. Pharmaceutical & Healthcare |
| 11.3.7. Chemical |
| 11.3.8. Others |
| 11.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Japan |
| 11.4.2. China |
| 11.4.3. India |
| 11.4.4. ASEAN |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific Nitrogen Market - Opportunity Analysis Index, By Product Type, Application, End User Industry, and Country, 2024-2030 |
| 11.6. Asia-Pacific Nitrogen Market Dynamics Trends |
| 12. Latin America Nitrogen Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 12.1. By Product Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Compressed Gas |
| 12.1.2. Liquid Nitrogen |
| 12.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Commercial Use |
| 12.2.2. Industrial Use |
| 12.2.3. Science and Research |
| 12.3. End User Industry Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Petrochemical |
| 12.3.2. Oil & Gas |
| 12.3.3. Metal Manufacturing & Fabrication |
| 12.3.4. Food & Beverage |
| 12.3.5. Electronics |
| 12.3.6. Pharmaceutical & Healthcare |
| 12.3.7. Chemical |
| 12.3.8. Others |
| 12.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Argentina |
| 12.4.4. Rest of Latin America |
| 12.5. Latin America Nitrogen Market - Opportunity Analysis Index, By Product Type, Application, End User Industry, and Country, 2024-2030 |
| 12.6. Latin America Nitrogen Market Dynamics Trends |
| 13. Middle East and Africa Nitrogen Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 13.1. By Product Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Compressed Gas |
| 13.1.2. Liquid Nitrogen |
| 13.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.2.1. Commercial Use |
| 13.2.2. Industrial Use |
| 13.2.3. Science and Research |
| 13.3. End User Industry Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Petrochemical |
| 13.3.2. Oil & Gas |
| 13.3.3. Metal Manufacturing & Fabrication |
| 13.3.4. Food & Beverage |
| 13.3.5. Electronics |
| 13.3.6. Pharmaceutical & Healthcare |
| 13.3.7. Chemical |
| 13.3.8. Others |
| 13.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Gulf Cooperation Council (GCC) Countries |
| 13.4.2. Israel |
| 13.4.3. South Africa |
| 13.4.4. Rest of MEA |
| 13.5. MEA Nitrogen Market - Opportunity Analysis Index, By Product Type, Application, End User Industry, and Country, 2024-2030 |
| 13.6. MEA Nitrogen Market Dynamics Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Application & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. CanAir Nitrogen |
| 14.2.2. Praxair Inc. |
| 14.2.3. Gulf Cryo |
| 14.2.4. nexAir |
| 14.2.5. Emirates Industrial Gases Co. LLC |
| 14.2.6. Taiyo Nippon Sanso Corporation |
| 14.2.7. Air Liquide |
| 14.2.8. Linde Group |
| 14.2.9. Messer Group |
| 14.2.10. Air Products and Chemicals |
| 14.2.11. Southern Industrial Gas Berhad |
| 14.2.12. Fourquest |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
- CanAir Nitrogen
- Praxair Inc.
- Gulf Cryo
- nexAir
- Emirates Industrial Gases Co. LLC
- Taiyo Nippon Sanso Corporation
- Air Liquide
- Linde Group
- Messer Group
- Air Products and Chemicals
- Southern Industrial Gas Berhad
- Fourquest