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Industrial Nitrogen Market by Form, Technology, Transportation, End-use industry And Region - Global Forecast to 2022

Industrial Nitrogen Market: Global Forecast until 2022

  • March 2018
  • 158 pages
  • ID: 5371676
In this report:
According to the projections by the International Monetary Fund (IMF) in October 2014, the economic growth of China was expected to grow by ##.##% in 2014, and decline further to ##.##% in 2015.
The Asia Pacific region accounted for the largest market for industrial nitrogen, with a share of ##.##% of the global market in 2016, in terms of value; this dominance is expected to continue through 2022.

Summary

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Industrial nitrogen market is estimated to rise at a compound annual growth rate of ~5.8 percent during the forecast period.

The industrial nitrogen market will grow from ~$15.0B in 2017 to ~$20.0B by 2022, at a compound annual growth rate of ~5.8 percent. This sector is attesting considerable increase due to advancements in industrial gas and increasing demand from end-use industries including food & beverage and metal manufacturing & fabrication. The pharmaceutical & healthcare market is increasing due to the growing health issues among people, which is eventually fueling the increase of the industrial nitrogen market. In contrast, Elements such as high cost of production and uncertain ROIs and increase stagnation in North America (NA) and EU hamper the rise of the industrial nitrogen market.

The metal manufacturing & fabrication segment held the most important share of the compressed nitrogen gas market in 2017.

Metal manufacturing & fabrication recorded for the biggest market share in 2017 and is forecasted to dominate the compressed nitrogen gas market through 2022.The dominant position of this segment is assigned to the wide application industrial nitrogen in the metal manufacturing sector.

Nitrogen is used as an inert gas in bottom blowing converters, as a protective gas for the annealing of cold rolled steel, and as a shield gas in the heat treatment of metals including iron and steel.

The Asia Pacific industrial nitrogen market is intended to be the quickest-rising during the forecast period.

Asia-Pac is forecasted to be the quickest-increasing in the industrial nitrogen market, in terms of value importance and quantity, succeeded by North America continent, Europe (EU), and the Middle East (ME) & African continent.Asia Pacific (APAC) is the hub of foreign investments with its booming manufacturing markets, largely due to the low-cost labor and cheap availability of land.

The growth in demand for industrial nitrogen can be accredited to the increasing population of the area with high disposable incomes, which is driving the food & beverage market in this area.

Breakdown of Primaries

Primary Q&A were managed with a number of industry experts to gather info associated to various aspects of the industrial nitrogen market.Measures reached after analyzing the secondary sources were validated through these interviews.

Primary sources included professionals including manufacturers, distributors, consultants, and academic professionals. The classification of primaries interviews is like:

• By Company category: Tier 1 - 35.0 percent, Tier 2 - 30.0 percent, and Tier 3 - 35.0 percent

• By Description: Grade of manager - 61.0 percent, C-suite - 39.0 percent

By area: North america (NA) - 15.0 percent, Europe - 21.0 percent, Asia Pacific - 51.0 percent, South America - 5.0 percent, Middle East & Africa - 8.0 percent

Note: Tier 1: Revenue > $1.0B, Tier 2: $500.0M < Revenue < $1.0B, Tier 3: Revenue < $500.0M

Segment Research

The distribution considered for this industry report is based on form, transportation & distribution, technology, end-use sector, and area.The study includes exhaustive information concerning the main factors influencing the increase of the industrial nitrogen market, including drivers, industry restraints, opportunities, and possibilities.

An in-depth study of the main industry actors has been carried out to provide business insights into their sector overview, products & services, top strategies, and recent evolutions combined with the industrial nitrogen market.

Why acquiring this study can help you

The market research will facilitate the market top players/new sector entrants in these ways:

• This document breaks down the industrial nitrogen market comprehensively and offers the best approximations of the revenue data for the global market and the sub-segments across several verticals and localities.

• The report will facilitate partners to comprehend the sector and offer them information on the main market drivers, market restraints, alternatives, and opportunities.

• this business report will facilitate partners to better find out their players and obtain additional insights with regard to their rank in the business sector. The company profiles section includes strategies including new product launches, acquisitions, and business developments & market investments approved by industrial nitrogen manufacturers.

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