Industrial nitrogen market is estimated to reach usd 21 billion by 2024 at a cagr of 5.9%
Nitrogen is a non-metal with no characteristic colour, odor, taste and is inflammable, soluble in water under normal conditions. It is abundantly present in the surrounding air (around 78%) and acts as a crucial element for survival for all living organisms. Nitrogen is the staple component in the manufacturing sector for packaging, blanketing, removing and stirring chemicals or metals, chemical handling and shipping. In addition, nitrogen is used to extinguish fire, pressurize devices and for freezing soil. Owing to these uses, it is used across various industries, to name a few, mining, pharmaceutical, healthcare, food and beverage, electronics, among others.
58 views • 5 slides