High Purity Industrial Nitrogen Gases Market Scope
Rising food and beverages sector and pharmaceutical industry boost the market and increase demand for the high purity industrial natural gases market. A high-purity fraction is gaseous nitrogen with concentrations greater than 99.998 percent. Different manufacturer’s grade high purity nitrogen gas in different ways, but they are mostly considered "zero grade" fractions. Because it contains less than 0.5 parts per million of hydrocarbon impurities, zero grade high purity nitrogen gas is classified as such. The industrial nitrogen market consists of sales of industrial nitrogen by entities that refer to high-purity nitrogen obtained through various methods for use in industries. Nitrogen gas is colourless, odourless, and chemically inert, and is used in industrial applications where chemical cross-reactivity between substrates is undesirable, such as food processing, beverage and brewery industries, oil and gas recovery, and others.
|Unit||Value (USD Million)|
|Key Companies Profiled||Air Products (United States), Gas Innovations (United States), Linde gas (United Kingdom), Air Liquide ( France), Praxair (United States), Sicgilsol (India), INOX Air Products (India), Taiyo Nippon Sanso (Japan), Airgas (United States), MESSER (Germany), Air Water (Japan), Yingde Gases (China), HANGZHOU HANGYANG (China), SCGC (United States) and Baosteel Gases (China)|
The market is highly competitive, with renowned key players such as Air Products, Air Liquids, and Praxair leading the market and holding a significant market share. To achieve a global presence, the companies are expanding their operations through mergers and acquisitions and launching new services. Companies are concentrating on obtaining new contracts. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global High Purity Industrial Nitrogen Gases market throughout the predicted period.
Air Products (United States), Gas Innovations (United States), Linde gas (United Kingdom), Air Liquide ( France), Praxair (United States), Sicgilsol (India), INOX Air Products (India), Taiyo Nippon Sanso (Japan), Airgas (United States), MESSER (Germany), Air Water (Japan), Yingde Gases (China), HANGZHOU HANGYANG (China), SCGC (United States) and Baosteel Gases (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Peak Gas Generation (United Kingdom), Alchemie Gases and Chemicals Pvt. Ltd. (India), GAZTRON ENGINEERING PRIVATE LIMITED (India), Gemini Gases (India) and MVS Engineering (India).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global High Purity Industrial Nitrogen Gases market by Type , by Application (Metal Fabrication and Processing, Food and Beverage Production, Pharmaceutical, Chemical, Electronics, Plastics, Oil, Gas & Petrochemical, Power Generation, Laboratory and Others) and Region with country level break-up.
On the basis of geography, the market of High Purity Industrial Nitrogen Gases has been segmented into . region held largest market share in the year 2021.
Market Leaders and their expansionary development strategiesIn April 2022, Air Products acquires Air Liquide's Industrial Gases Business in the United Arab Emirates and Bahrain in April 2022. Air Liquide Emirates for Industrial Gases LLC (ALEMIR) and Orca Industrial Gases LLC were acquired, which included Air Liquide's liquid bulk, packaged gases, and specialty gases in the UAE., and In March 2019, Air Products completed the acquisition of ACP Europe SA (ACP), Continental Europe's largest independent carbon dioxide (CO2) business. All customary closing conditions as well as regulatory approvals have been met
In February 2021, INOX Air Products (INOXAP), India's largest manufacturer of industrial and medical gases, plans to invest Rs 2,000 crore in the construction of eight new air separation units across the country. This will be India's most significant Greenfield investment in the industrial gases sector., and In June 2022, Air Products, a global leader in industrial gases and large-scale project development, execution, and operation, has signed a long-term supply agreement with Indian Oil Corporation Limited (IOCL), the country's flagship national oil company. Air Products will build, own, and operate (BOO) a new industrial gases complex in Bihar, India, supplying hydrogen, nitrogen, and steam to IOCL's Barauni Refinery.
Different countries have different safety regulations governing the use of nitrogen in industry. OSHA (Occupational Safety and Health Administration) requires industrial manufacturers in the United States to provide a safe working environment for their employees. OSHA 29 CFR 1910.146, for example, establishes guidelines for confined spaces that may contain higher-than-normal concentrations of nitrogen gas. Regardless of industrial location, all production process managers must conduct nitrogen gas risk assessment exercises to determine their level of exposure and implement appropriate preventive measures. Furthermore, all personnel must be trained in the proper use of personal protective equipment as well as the proper actions to take in the event of an accidental hazardous exposure.
Influencing Trend:Increasing investment, Research and Development activities in the manufacturing and processing industries
Market Growth Drivers:Rising demand from metal and fabrication industry drives the market growth, and Rising demand from laboratories boost the market growth
Challenges:Stringent rules and government regulation restrict the market growth
Restraints:High capital cost associated with the production restraint the market growth
Opportunities:The growth of food and beverages industries creates tremendous opportunities for the market
Key Target AudienceNew Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others