Global Nitrogen Market Size & Outlook, 2022-2030
Global nitrogen market, 2018-2030 (US$M)
Related Markets
Global nitrogen market highlights
- The global nitrogen market generated a revenue of USD 40,296.8 million in 2022 and is expected to reach USD 69,720.3 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 7.1% by 2030.
- In terms of segment, food & beverages accounted for a revenue of USD 20,077.8 million in 2022.
- Food & Beverages is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Italy is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 40,296.8 million |
| Market revenue in 2030 | USD 69,720.3 million |
| Growth rate | 7.1% (CAGR from 2022 to 2030) |
| Largest segment | Food & beverages |
| Fastest growing segment | Food & Beverages |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Food & Beverages, Chemicals, Pharmaceuticals, Electronics |
Other key industry trends
- In terms of revenue, the North America accounted for 27.1% of the global nitrogen market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Italy is the fastest growing regional market and is projected to reach USD 407.4 million by 2030.
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Nitrogen Market Scope
Nitrogen Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global nitrogen market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to nitrogen market will help companies and investors design strategic landscapes.
Food & beverages was the largest segment with a revenue share of 49.82% in 2022. Horizon Databook has segmented the Global nitrogen market based on food & beverages, chemicals, pharmaceuticals, electronics covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Nitrogen Application Outlook (Revenue, USD Million, 2018-2030)
- Food & Beverages
- Chemicals
- Pharmaceuticals
- Electronics
- Oil Refining
- Ammonia
- Transportation
- Oil & Gas
- Medical
- Fire Suppressant
- Metals & Mining
- Water Treatment
- Healthcare
- Manufacturing
- Metal working
- Lamps
- Others
- Methanol
- Steel
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Target buyers of Global nitrogen market databook
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Our clientele includes a mix of nitrogen market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global nitrogen market , including forecasts for subscribers. This global databook contains high-level insights into Global nitrogen market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global nitrogen market size, by region, 2018-2030 (US$M)
Top 10 countries: Nitrogen market size, 2022 (US$M)
Global nitrogen market share, by application, 2022 & 2030 (%, US$M)
Nitrogen market: Opportunity assessment by country
Global nitrogen market, by region, 2022 (US$M)
| Application | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 2,117.9 | 2,462.6 | 2,313.4 | 2,582.9 | 3,118.3 | 3,277.5 | 3,454.7 | 3,652.1 | 3,872.0 | 4,117.5 | 4,392.2 | 4,700.4 | 5,054.7 | 6.0% |
| Europe | 5,599.2 | 6,537.8 | 6,167.3 | 6,914.3 | 8,382.5 | 8,847.2 | 9,364.7 | 9,940.9 | 10,583.5 | 11,301.6 | 12,106.0 | 13,009.6 | 14,048.6 | 6.5% |
| North America | 7,153.0 | 8,391.7 | 7,953.9 | 8,959.7 | 10,913.8 | 11,573.6 | 12,308.9 | 13,128.3 | 14,043.5 | 15,067.8 | 16,217.0 | 17,510.3 | 18,998.8 | 6.9% |
| MEA | 1,356.6 | 1,584.0 | 1,493.7 | 1,673.6 | 2,027.0 | 2,136.7 | 2,258.1 | 2,392.5 | 2,541.5 | 2,707.1 | 2,891.4 | 3,097.2 | 3,332.6 | 6.2% |
| Asia Pacific | 10,265.0 | 12,079.7 | 11,484.6 | 12,976.5 | 15,855.3 | 16,865.4 | 17,991.8 | 19,248.5 | 20,653.5 | 22,227.8 | 23,996.5 | 25,989.7 | 28,285.5 | 7.3% |
| Overall | 26,491.7 | 31,055.9 | 29,412.9 | 33,106.9 | 40,296.8 | 42,700.3 | 45,378.2 | 48,362.3 | 51,693.9 | 55,421.7 | 59,603.2 | 64,307.2 | 69,720.3 | 7.1% |
Related regional statistics
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