Nitrogen Gas Market Revenue, Demand, Scope, Competition and Future Opportunities Till 2034
Global Nitrogen Gas Market Size- By Form, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: May-2025 | Report ID: CHEM2556 | Pages: 1 - 244 | Formats*: |
| Category : Chemical & Materials | |||
Nitrogen Gas Market Introduction and Overview
According to SPER Market Research, the Global Nitrogen Gas Market is estimated to reach USD 58.35 billion by 2034 with a CAGR of 6.63%.
The report includes an in-depth analysis of the Global Nitrogen Gas Market, including market size and trends, product mix, Applications, and supplier analysis. The global nitrogen gas market is expected to be worth USD 30.71 billion in 2024, with a CAGR of 6.63% between 2025 and 2034. This is due to ongoing urbanisation and industrialisation, as well as increased use of nitrogen in industries such as healthcare, manufacturing, metals and mining, and food and beverage. Furthermore, increased production of packaged foods, medications and pharmaceuticals, and electronic devices is expected to be a significant development driver.
By Form Insights
The liquid nitrogen gas segment held the largest revenue share in the market in 2024. It is derived from liquid air through fractional distillation and is used in cooling and cryogenic processes. Liquid nitrogen is non-toxic, odorless, colorless, chemically inert, and non-flammable, making it popular in the chemical and pharmaceutical industries. It aids in safely transferring reaction mixtures during pharmaceutical manufacturing, as using an inert gas is essential to prevent hazards from exposure to oxygen or water vapor, which can affect certain chemicals.
By Application Insights
In 2024, the food and beverage sector had the most revenue share because nitrogen was being used more and more in a variety of applications. This gas is mainly used for preservation in food packaging, creating a nitrogen-rich environment that stops spoilage-causing microorganisms. It is also used in packaging perishable food to keep it fresh and extend its shelf life.
Additionally, nitrogen is used in pharmaceuticals to create an inert atmosphere during medicine production and to protect medications from moisture and degradation. This is expected to boost nitrogen demand and market growth in the future.
Regional Insights
The North America nitrogen gas market had a large share in 2024 due to rising demand from industries like pharmaceuticals, food and beverage, oil and gas, and petrochemicals. These sectors use nitrogen gas for preservation, packaging, and manufacturing, aiding market growth. The Asia Pacific nitrogen gas market is expected to grow rapidly. Countries like China, India, and Southeast Asia are seeing industrial growth, with government support boosting the semiconductor industry and driving nitrogen gas demand.
Market Competitive Landscape
The global nitrogen gas industry has major players, including Linde plc, Air Products and Chemicals, Inc., Taiyo Nippon Sanso Corporation, and Praxair Technology, Inc. These companies compete fiercely with each other and local firms that have strong distribution networks and knowledge of suppliers and regulations. Linde Plc, established in 2018 and based in Surrey, UK, produces various gases and serves multiple markets like chemicals, healthcare, and manufacturing with 45 subsidiaries worldwide.
Recent Developments:
In 2024, Air Liquide plans to invest over 50 million euros to create a new facility in Singapore and upgrade its existing infrastructure in Malta, New York, USA. The goal is to provide GlobalFoundries (GF) with high-purity nitrogen and improve energy efficiencies.
Air Water America, the United States subsidiary of Japan-based Air Water Inc., announced plans in August 2023 to build the first air separation unit in Rochester, New York. As a result, the former expects to succeed in both production and industrial gas sales.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Form, By Application |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | Air Products and Chemicals, Inc, Gulfcryo, Universal Industrial Gases, Inc, NEXAIR, Southern Industrial Gas Sdn Bhd, Praxair Technology, Inc, Taiyo Nippon Sanso Corporation, Axcel Gases, Linde Plc, Omega Air, Ellenbarrie Industrial Gases, Messer Group. |
Key Topics Covered in the Report
- Global Nitrogen Gas Market Size (FY’2021-FY’2034)
- Overview of Global Nitrogen Gas Market
- Segmentation of Global Nitrogen Gas Market By Form (Compressed Gas, Liquid Nitrogen Gas)
- Segmentation of Global Nitrogen Gas Market By Application (Food & Beverages, Chemicals, Pharmaceuticals, Electronics, Others)
- Statistical Snap of Global Nitrogen Gas Market
- Expansion Analysis of Global Nitrogen Gas Market
- Problems and Obstacles in Global Nitrogen Gas Market
- Competitive Landscape in the Global Nitrogen Gas Market
- Details on Current Investment in Global Nitrogen Gas Market
- Competitive Analysis of Global Nitrogen Gas Market
- Prominent Players in the Global Nitrogen Gas Market
- SWOT Analysis of Global Nitrogen Gas Market
- Global Nitrogen Gas Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Nitrogen Gas Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Nitrogen Gas Market
7. Global Nitrogen Gas Market, By Form (USD Million) 2021-2034
7.1. Compressed Gas
7.2. Liquid Nitrogen Gas
8. Global Nitrogen Gas Market, By Application (USD Million) 2021-2034
8.1. Food & Beverage
8.2. Chemicals
8.3. Pharmaceuticals
8.4. Electronics
8.5. Others
9. Global Nitrogen Gas Market, (USD Million) 2021-2034
9.1. Global Nitrogen Gas Market Size and Market Share
10. Global Nitrogen Gas Market, By Region, (USD Million) 2021-2034
10.1. Asia-Pacific
10.1.1. Australia
10.1.2. China
10.1.3. India
10.1.4. Japan
10.1.5. South Korea
10.1.6. Rest of Asia-Pacific
10.2. Europe
10.2.1. France
10.2.2. Germany
10.2.3. Italy
10.2.4. Spain
10.2.5. United Kingdom
10.2.6. Rest of Europe
10.3. Middle East and Africa
10.3.1. Kingdom of Saudi Arabia
10.3.2. United Arab Emirates
10.3.3. Qatar
10.3.4. South Africa
10.3.5. Egypt
10.3.6. Morocco
10.3.7. Nigeria
10.3.8. Rest of Middle-East and Africa
10.4. North America
10.4.1. Canada
10.4.2. Mexico
10.4.3. United States
10.5. Latin America
10.5.1. Argentina
10.5.2. Brazil
10.5.3. Rest of Latin America
11. Company Profile
11.1. Air Products and Chemicals, Inc
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2. Gulfcryo
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3. Universal Industrial Gases, Inc
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4. NEXAIR
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5. Southern Industrial Gas Sdn Bhd
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments
11.6. Praxair Technology, Inc
11.6.1. Company details
11.6.2. Financial outlook
11.6.3. Product summary
11.6.4. Recent developments
11.7. Taiyo Nippon Sanso Corporation
11.7.1. Company details
11.7.2. Financial outlook
11.7.3. Product summary
11.7.4. Recent developments
11.8. Axcel Gases
11.8.1. Company details
11.8.2. Financial outlook
11.8.3. Product summary
11.8.4. Recent developments
11.9. Linde Plc
11.9.1. Company details
11.9.2. Financial outlook
11.9.3. Product summary
11.9.4. Recent developments
11.10. Omega Air
11.10.1. Company details
11.10.2. Financial outlook
11.10.3. Product summary
11.10.4. Recent developments
11.11. Ellenbarrie Industrial Gases
11.11.1. Company details
11.11.2. Financial outlook
11.11.3. Product summary
11.11.4. Recent developments
11.12. Messer Group
11.12.1. Company details
11.12.2. Financial outlook
11.12.3. Product summary
11.12.4. Recent developments
11.13. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Nitrogen Gas Market is projected to reach USD 58.35 by 2034, growing at a CAGR of 6.63% during the forecast period.
Nitrogen Gas Market size from 2025. The Market is expected to reach USD 58.35 by 2034, at a CAGR of 6.63% during the forecast period.
Nitrogen Gas Market CAGR of 6.63% during the forecast period.
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Nitrogen Gas Market covered By Component, By Form, By Application
The North America is anticipated to have the highest Market share in the Nitrogen Gas Market .
Air Products and Chemicals, Inc, Gulfcryo, Universal Industrial Gases, Inc, NEXAIR, Southern Industrial Gas Sdn Bhd, Praxair Technology, Inc, Taiyo Nippon Sanso Corporation, Axcel Gases, Linde Plc, Omega Air, Ellenbarrie Industrial Gases, Messer Group.
The report includes an in-depth analysis of the Global Nitrogen Gas Market, including market size and trends, product mix, Applications, and supplier analysis
Nitrogen Gas Market size is USD 58.35 from 2025 to 2034.
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