Metal manufacturing & fabrication accounted for the largest market share in 2017 and is projected to dominate the compressed nitrogen gas market through 2022. The dominant position of this segment is attributed to the wide application industrial nitrogen in the metal manufacturing industry.
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Download Brochure of Industrial Nitrogen Market spread across 156 Pages, Profiling 10 Companies and Supported with 138 Tables and 32 Figures is now available at www.rnrmarketresearch.com/contacts…ple?rname=1444125 .
The industrial nitrogen market was valued at USD 15.03 Billion in 2017 and is expected to reach USD 19.96 Billion by 2022. The market is projected to grow at a CAGR of 5.83% during the forecast period.
The base year considered for the study is 2016, and the market size is projected from 2017 to 2022.
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It also strategically profiles the key players and comprehensively analyzes their core competencies.
Key Target Audience
- Industrial nitrogen producers
- Raw material producers and suppliers
- Industrial nitrogen distributors and traders
- End-use sectors
- Governments and R&D institutions
- Associations and industry bodies
The industrial nitrogen market ecosystem includes various stakeholders involved in the supply chain of the industrial nitrogen industry starting from raw material suppliers, research & development, and manufacturing. Post this, the marketing and sales of products take place, which is only possible if an efficient distribution channel is developed.
Finally, end products are made available to the consumers.
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Asia Pacific is projected to be the fastest-growing in the industrial nitrogen market, in terms of value and volume, followed by North America, Europe, and the Middle East & Africa. Asia Pacific is the hub of foreign investments with its booming manufacturing sectors, largely due to the low-cost labor and cheap availability of land.
1 Compressed Gas Segment to Dominate the Market By 2022
2 Cryogenic Fraction Distillation Technology to Dominate the Market Through 2022
3 Asia Pacific to Dominate the Market By 2022
1 Attractive Market Opportunities in the Industrial Nitrogen Market
2 Asia Pacific Industrial Nitrogen Market
3 Food & Beverage Industry is Projected to Dominate the Liquid Nitrogen Segment By 2022
4 Metal Manufacturing & Fabrication Industry is Projected to Dominate the Compressed Gas Segment By 2022
5 Cryogenic Fraction Distillation Technology Projected to Dominate the Market
Nitrogen is used as an inert gas in bottom blowing converters, as a protective gas for annealing of cold rolled steel, & as a shield gas in heat treatment of metals like iron & steel. Metal manufacturing & fabrication accounted for largest market share in 2017 & is projected to dominate compressed nitrogen gas market through 2022.
Dominant position of this segment is attributed to wide application industrial nitrogen in metal manufacturing industry.
Connect for More Details for More Information “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” report @ www.rnrmarketresearch.com/contacts…unt?rname=1444125 .
The segmentation considered for this report is based on form, transportation & distribution, technology, end-use industry, and region. The report covers detailed information regarding the major factors influencing the growth of the industrial nitrogen market, such as drivers, restraints, challenges, and opportunities.
The report will help the market leaders/new entrants in the following ways:
- This report segments the industrial nitrogen market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the sub segments across different verticals and regions.
- The report will help stakeholders to understand the market and provide them information on the key market drivers, restraints, opportunities, and challenges.
- This report will help stakeholders to better understand their competitors and gain more insights with regard to their position in the business. The company profiles section includes strategies such as new product launches, acquisitions, and expansions & investments adopted by industrial nitrogen manufacturers.
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