Nitrogen is widely used in the food and beverage sector for food aeration, packaging and storage in order to increase the shelf life of the food products. Rise in Demand from Food and Beverage Industryĭemand for industrial nitrogen is growing on the grounds of rising demand from the food and beverage sector. The rising need of nitrogen to carry out the essential chemical process is driving the market growth. Also, nitrogen gas finds application in the chemical process industry to remove any contamination from the industrial process by stripping and sparging. It is also used in blanketing and packaging of gases in order to avoid reaction between oxygen and other chemicals. In industrial applications, nitrogen is widely used to purge the tanks, pipe and other industrial equipment’s. Nitrogen is considered as one of the most crucial gas in the chemical process industry owing to its higher functionality with reliable and convenient production methods. Owing to the wide application area and higher demand from the chemical process industry, industrial nitrogen market is growing at a steady pace. Growing Demand for Nitrogen from The Chemical Process Industry
Industrial Nitrogen Market: Drivers & Restraints Owing to these uses, it is used across various industries, to name a few, mining, pharmaceutical, healthcare, food and beverage, electronics, among others. In addition, nitrogen is used to extinguish fire, pressurize devices and for freezing soil. Nitrogen is the staple component in the manufacturing sector for packaging, blanketing, removing and stirring chemicals or metals, chemical handling and shipping. It is abundantly present in the surrounding air (around 78%) and acts as a crucial element for survival for all living organisms. Nitrogen is a non-metal with no characteristic color, odor, taste and is inflammable, soluble in water under normal conditions. The Global Industrial Nitrogen Market is estimated to reach USD 21 Billion by 2024 at a CAGR of 5.9%, states forencis research (FSR).