Nitrogen Gas Market Size & Trends Analysis Report

The nitrogen gas market was valued at $36,862.05 million in 2022 and is expected to grow at a CAGR of 5.9% over the forecast period. Nitrogen gas is widely used in various industrial applications, including chemical manufacturing, metal processing, electronics, and food packaging. The growth of these industries drives the demand for nitrogen gas. Moreover, the food and beverage industry uses nitrogen gas for packaging to extend product shelf life and maintain product freshness. As consumer demand for packaged and processed foods continues to grow, so does the demand for nitrogen gas.

Furthermore, nitrogen gas is used in pharmaceutical manufacturing and healthcare applications, such as cryopreservation and medical equipment. The growth of the pharmaceutical and healthcare sectors contributes to increased nitrogen gas demand.