Nitrogen Gas Market Size, Share & Trends Analysis Report By Form (Compressed Gas, Liquid Nitrogen Gas), By Application (Food & Beverages, Chemicals, Pharmaceuticals, Electronics), By Region, And Segment Forecasts, 2023 - 2030

Nitrogen Gas Market Size, Share & Trends Analysis Report By Form (Compressed Gas, Liquid Nitrogen Gas), By Application (Food & Beverages, Chemicals, Pharmaceuticals, Electronics), By Region, And Segment Forecasts, 2023 - 2030

Nitrogen Gas Market Growth & Trends

The global nitrogen gas market size is expected to reach USD 69.7 billion by 2030, expanding at a CAGR of 7.1% from 2023 to 2030, according to a new study by Grand View Research, Inc. Nitrogen gas has high demand in the manufacturing sector for applications such as laser cutting, metal fabrication, and food packaging. It provides an inert atmosphere that prevents oxidation and maintains the quality of the manufactured products.

The manufacturing industry relies heavily on the market for a diverse range of applications. One of its primary uses is laser cutting, a popular method for precision cutting of metals and other materials. It is commonly used as an assist in laser cutting processes. It helps to cool the cut and remove debris, resulting in cleaner and more precise cuts. Additionally, nitrogen gas provides an inert atmosphere that prevents oxidation during the cutting process, reducing the risk of discoloration or corrosion on the cut surfaces.

Another significant application of the market in manufacturing is in metal fabrication. Nitrogen gas is utilized as a purge gas for welding processes such as TIG (Tungsten Inert Gas) and MIG (Metal Inert Gas) welding. By displacing oxygen in the vicinity of the weld, it helps prevent the formation of oxide scale, which could negatively impact the quality and strength of the weld joint. This ensures that the fabricated metal products retain their structural integrity and meet the required specifications. Thus, the market plays a vital role in the manufacturing industry, enabling precise laser cutting, maintaining the quality of metal fabricated products, and offering excellent preservation capabilities in food packaging.

Nitrogen Gas Market Report Highlights

• The Asia Pacific region witnesses the fastest growth rate with a CAGR of 7.5% as Asia-Pacific holds a dominant position in the market due to its rapid industrialization, advancements in the healthcare sector, and the presence of thriving pharmaceutical industries
• The food & beverage application segment witnessed the fastest growth rate with a CAGR of 7.3% as it is commonly used for Modified Atmosphere Packaging (MAP). It helps extend the shelf life of packaged food products by creating a protective atmosphere that reduces the presence of oxygen
• Some leading market players of the product in the Asia-Pacific region include Southern Industrial Gas Sdn Bhd, Linde PLC, MVS Engineering Pvt. Ltd, and TAIYO NIPPON SANSO CORPORATION
• In 2021. Atlas Copco has completed the acquisition of the operational activities of Purification Solutions LLC and certain associated entities. Purification Solutions LLC is a prominent provider of compressed air and gas solutions, boasting an extensive worldwide sales network
• In 2021, Linde plc has announced to expand its air separation unit (ASU) in Russia to cater to the surging demand for nitrogen gas in the region. The expansion project is designed to effectively increase the company's overall production capacity while simultaneously bolstering its position in the global market

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