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Industrial Nitrogen Market Analysis, Application, Regional Demand, Price Trends, Competitive Market Share and Forecast, 2026

Author : Ravi Chawat | Published Date : 2020-08-25 

Industrial nitrogen market is projected to showcase significant growth from 2020 to 2026. Nitrogen has become highly desirable for a slew of industrial applications, spanning from fire and explosion prevention in chemical plants to modified atmosphere packaging for perishable food products.

Often perceived as the industry standard for non-chemical preservation, nitrogen has come up as a readily available and inexpensive option. Food and beverage sector will be one of the major revenue-generating business verticals for the manufacturers of industrial nitrogen.

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Rising demand for nitrogen in the beer and coffee sectors is anticipated to bolster the expansion of industrial nitrogen market penetration. Prevailing trends exhibit inclination towards the use of nitrogen for modified atmosphere packaging (MAP), thereby boosting the shelf-life of the food. In the latest research report, industrial nitrogen market size will grow substantially by 2026.

Besides, demand for nitrogen gas to cool down the catalyst in a refinery when a refinery is to be shut down has surged in recent years. Prominently, nitrogen gas is used to drive into the catalyst using a pumping equipment to cool down to save shutdown time.

North America is poised to witness increased demand for nitrogen gas in wine production process and oil and gas industry. Analysis of the region indicates that the U.S. will majorly focus towards using nitrogen to prevent oxidation that tends to spoil the wine. Moreover, nitrogen will also be used to reduce the weight of the fluid in the wellbore, thereby enabling the well to flow.

With modified atmosphere packaging and controlled atmosphere storage, industrial nitrogen industry will witness a substantial growth in APAC, led by India and China. Some of the factors such as better product color and texture at point of sale and extended shelf life have augured well for the expansion of industrial nitrogen market in the region.

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About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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