The global Nitrogen for Metal Manufacturing Market size was significantly robust in 2021and is expected to register a rapid revenue CAGR over the forecast period. Market revenue growth is primarily driven by growing prevalence of packed food items and packaging air, rapid increase in production of steel using it in annealing, and increasing research and trials in medicine using it as a refrigerator coolant.
Nitrogen is a naturally occurring chemical element, found in amino acids, and various other organic and inorganic molecules. Nitrogen is also present in 80% of Earth's atmosphere and required by plants and animals for development and reproduction. Major uses of nitrogen are found in the form of ammonia, which is prepared by reacting it with hydrogen. In addition, its other applications are in its isolated form, as an element in ammonia, and in the chemical industry for production of fertilizers, nitric acid, nylon, dyes, and explosives. This is owing to its high inert qualities, which ensure chemical preservation, input oxidation prevention, and combustion prevention during chemical storage, making it a preferred option for usage.
Top Companies Operating in the Global Nitrogen for Metal Manufacturing Market:
- Linde plc (Ireland)
- Air Products and Chemicals, Inc. (U.S.)
- Praxair, Inc. (U.S.)
- Ellenbarrie Industrial Gasses Limited (India)
- Universal Industrial Gasses Inc. (U.S.)
- CanAir Nitrogen Inc. (Canada)
- Messer Group GmbH (Germany)
- Parker Hannifin Corp. (U.S.)
- Chengdu Taiyu Industrial Gases Co., Ltd. (China)
- nexAir LLC. (U.S.)
- EPC Engineering & Technologies GmbH (Germany)
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
Nitrogen is employed to preserve goods in the food & beverage industry and fabrication of transistors and diodes in the electronics sector owing to its property of creating an unreactive environment. It is also used extensively in annealing of stainless steel and other steel mill products on account of it being inert, which prevents material oxidation. The liquid form of this element is used as a refrigerant for storing sperm, eggs, and other cells in medical research and reproductive technology studies and experiments. In addition, quick cooling property is also used by quick-service restaurants to quickly freeze meals, which preserves moisture, color, flavor, and texture, preserving the quality of packed meal. Moreover, use of nitrogen is favored in packaging of edibles as it is nonreactive and nonflammable, which ensures safety while storing, provides an environmental protection medium, and conserves food quality. Furthermore, rising applications of the product across chemical, medical and food industries owing to its chemically inactive behavior is expected to drive market revenue growth.
Table of Contents:
1. Report Overview
1.1 Research Scope
1.2 Key Nitrogen market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline
2. Global Growth Trends
2.1 Global Nitrogen market size
2.2 Latest regional market trends
2.3 Emerging growth trends
3. Competitive Outlook
3.1 Global Nitrogen market key players
3.2 Global Nitrogen size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Nitrogen market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Nitrogen for Metal Manufacturing Market Segmentation
Product Type Outlook (Revenue, USD Billion; 2019-2030)
- NI 5.0
- NI 4.8
Application Outlook (Revenue, USD Billion; 2019-2030)
- Food Freezing
- Plastic and Rubber Deflashing
- Medical and Healthcare
- Metal Manufacturing
- Chemicals and Petroleum Uses
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