Procurement Resource Evaluates the Price Trends of Nitrogen in its Latest Insights and Dashboard
Price Trends of Nitrogen in its Latest Insights and Dashboard
Procurement Resource does an in-depth analysis of the market 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 pricing database and analysis of the Nitrogen can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.
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Product Description:
The lightest element in Periodic Table Group 15, sometimes referred to as the pnictogens, is nitrogen. At a particular temperature and pressure, two of the element’s atoms combine to generate dinitrogen, a colorless and odorless diatomic gas. The most extensively distributed uncombined element is dinitrogen, which makes up around 78 percent of the Earth’s atmosphere. N2 is its chemical formula.
Also Check Nitrogen Production Cost Report – https://www.procurementresource.com/production-cost-report-store/nitrogen
Regions Covered to Evaluate Nitrogen Price Trend:
- North America
- South America
- Europe
- The Asia Pacific
- The Middle East
- Africa
Industrial Uses Impacting Nitrogen Price Trend:
Pharmaceutical, food packing, metal production, petroleum, materials, and chemical plants are a few key sectors where industrial nitrogen is used. The market is being driven by nitrogen gas’ ability to displace or completely eradicate oxygen, particularly in mining, food packing, and chemical industries. The increased use of nitrogen in the food and beverage sector is driving growth in the worldwide industrial nitrogen market. The market is being boosted by the quick advancements achieved in this end-use industry in different areas of the world. A prominent trend that is projected to be crucial in the market’s growth dynamics is the rise in the use of nitrogen in the health care sector and the manufacture of pharmaceuticals in both emerging and developed areas.
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:
Due to a lack of fertilizers supplied from China, prices surged in India. In March, prices in India were predicted to be 197 USD/MT. Due to rising demand from the downstream fertilizer industry, prices have dramatically increased on the European market. The Russian oil and gas import bans that are to blame for the high natural gas prices work as a deterrent to Moscow’s invasion of Ukraine, which is why bulk nitrogen costs are rising. Numerous South American countries are dependent on fertilizer exports from Europe, which raised the demand for nitrogen and caused prices in Europe to rise by about 3% in the first quarter of 2022. After hitting historic highs, the prices of urea, nitrates, and ammonia have fallen recently. Sanctions against Russia, a major supplier, continue to raise supply concerns, but there is a downward adjustment because fertilizer affordability is a major problem for many importing centres. Even though prices are still more than double what they were last year, it seems doubtful that they will return to the highs of mid-March very soon.
About Us:
Procurement Resource is Claight’s subscription-based SaaS platform providing in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent. We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data. To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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