Industrial Nitrogen Market Size Worth Usd 39.96 Billion By 2028 At 5.88% Cagr
February 16, 2023 ⚊ 1 Min read ⚊ Views 59 ⚊ BUSINESS
The growth of the market is attributed to the increasing demand for industrial nitrogen in various applications, such as food and beverage, pharmaceutical, metals and mining, chemicals and petrochemicals, and others.
The market is segmented on the basis of product, application, and region. On the basis of product, the market is divided into liquid nitrogen, gaseous nitrogen, and solid nitrogen. Liquid nitrogen is expected to dominate the market due to its extensive usage in cooling, freezing, and preserving food and beverages. On the basis of application, the market is divided into food and beverage, pharmaceutical, metals and mining, chemicals and petrochemicals, and others. The food and beverage segment is expected to witness the highest growth due to the increasing demand for nitrogen
