Nitrogen Procurement Intelligence

The nitrogen category is anticipated to witness growth at a CAGR of 9.9% from 2024 to 2030. Asia Pacific dominates the global category, followed by North America and Europe. In the upcoming years, North America's share in the global market is anticipated to rise steadily, holding a substantial position in the industry. The region showcases a significant presence in food & beverage, pharmaceutical, oil & gas, and manufacturing sectors which yields high demand for the products offered in the category, for applications in inerting, purging, and blanketing. The United States and Canada are some of the key countries generating demand due to their developed industrial infrastructure and cutting-edge technological innovations. In addition, countries such as the Netherlands, the United Kingdom, France, and Germany are the top markets in Europe.

Future growth of the category is expected to be aided by the expanding population and growing need for crop yield. Nitrogen, a vital component of fertilizers that is essential to enhancing agricultural productivity to meet food and resource requirements, is in high demand due to the world's population growth and rising crop yield. For instance, in 2022, the U.S. Census Bureau reported that the number of people living in the U.S. had increased by 0.39%, or 1,255,999, to 333,287,549. In addition, products offered in the category are utilized in the electronics sector to offer a moisture- and oxygen-free atmosphere throughout different production processes, such as the manufacturing of printed circuit boards, semiconductors, and other electronic parts. It helps minimize the oxidation of delicate materials, improves the dependability and quality of electronic equipment, and stops flaws from forming.

https://www.grandviewresearch.com/pipeline/nitrogen-procurement-intelligence-report

Order your copy of the Nitrogen category procurement intelligence report 2024-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

Technologies such as membrane separation, artificial intelligence (AI), and internet of things (IoT) are witnessing higher adoption in the category. Membrane separation / membrane nitrogen generation divides the air's component gases using hollow-fiber membranes. Greater surface area is available for quicker permeation because of the membrane's special shape, which consists of hollow fibers. In order to separate the gases, atmospheric air must be drawn into the generator, compressed, and run through a number of filters. After being compressed, the air is passed through a high-efficiency filter to eliminate any remaining particle matter and water vapor. In addition, gas distribution and delivery are optimized through the application of AI algorithms, which lower costs and raise customer satisfaction. The technology supports in determining the maintenance of gas plants by assessing data from the equipment.