Nitrogen belongs to group 15 of the periodic table and is the lightest element. The atomic number of nitrogen is 7 and it is denoted by the symbol N.
Nitrogen has the structural formula N2 and a molecular weight of 14 g/mol.It is a colourless and odourless diatomic gas.
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It is produced when the two elements combine together at a precise pressure and temperature. It makes up about 78 percent atmosphere on earth.
It is created via fractional distillation of liquid air at cryogenic temperatures in distillation columns.
China, the United States, Russia, India, Indonesia, Egypt, Canada, and Pakistan are the leading producers of nitrogen
Key Details About the Nitrogen Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the nitrogen price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The nitrogen price trend, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Nitrogen Price Trend:
The main applications of nitrogen include food packaging. Other than that, it is also used in the manufacturing of various pharmaceuticals, and explosives.
It also finds its application in the manufacturing of several commercial beverages, and in surgical anesthesia.
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It is also employed in the creation of numerous chemicals and is widely used in the transportation sector.
Key Market Players:
- Air Liquide
- Air Products Inc.
- Bombay Oxygen Investments Ltd
- Buzwair Industrial Gases Factories
- Cryomech Inc.
- Gulf Cryo
- Linde
- MVS Engineering Pvt. Ltd
News and Events:
- July 18, 2022: The proposal to considerably cut nitrogen emissions by 2030 was initiated by the Dutch government. It has sparked a mutiny among the farmers who accuse farmers and agriculture as the greatest culprits.
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