As the most abundant of the air gases, the markets for nitrogen in terms of production, distribution and application are well established.
Nitrogen is utilised across an ever-wider range of end-user industries and while these applications are both cyclical and non-cyclical in nature, demand can be pegged against a slowly improving economic landscape.
The significance of nitrogen can be demonstrated by looking at some of the world’s key commercial industrial gas markets. In the US market in 2016, for example, the most important revenue generating industrial gas was nitrogen, with the sale of this gas accounting for $4.1bn in revenues (20%; total US market of $20bn in 2016). To put this figure in comparison, hydrogen sales generated a further $3.5bn in revenue, with oxygen sales accounting for $3.4bn. This is unsurprising as the US market is one of the most developed markets in the world and was therefore more nitrogen driven than it was oxygen driven.
... to continue reading you must be subscribed
