Nitrogen is a colorless, odorless, and tasteless naturally occurring chemical compound essential for growth and reproduction in both plants and animals. It is usually found in amino acids and other various organic and inorganic compounds. It assists in preventing the oxidation of materials, providing a dry atmosphere, preventing bacteriological growth, and reducing the risk of developing fire and explosion. As a result, it is widely used to produce fertilizers, nitric acid, nylon, dyes, explosives, and other industrial goods.
Nitrogen is widely used to preserve the taste and maintain the integrity of packaged food products and beverages. This, in confluence with the escalating demand for ready-to-eat (RTE) food products on account of busy lifestyles, improving income levels of consumers, and increasing influence of western culture and traditions, is influencing the market positively. Apart from this, nitrogen is extensively employed in the pharmaceutical industry as an anesthetic and in pharmacological drug classes, including antibiotics, and cryopreservation to preserve sperm, egg, blood, and various other biological specimens. Therefore, a significant rise in the prevalence of chronic diseases is creating a favorable outlook for the market. Apart from this, on-site nitrogen generators are used in the stainless steel industry to provide an uninterrupted gas supply at a consistent purity. The increasing demand for steel from various industry verticals is presenting key players with lucrative opportunities to expand their consumer base. Furthermore, the rising demand for consumer electronics and information technology (IT) equipment is escalating the need for nitrogen to ensure minimal heat exposure during the manufacturing process.
This production cost analysis report by Syndicated Analytics is the result of a comprehensive examination of the nitrogen manufacturing process. The study covers all the requisite aspects that one needs to know while making a foray into the nitrogen industry. It is based on the latest economic data and presents exhaustive insights about the primary process flow, raw material requirements, reactions involved, utility costs, operating costs, capital investments, pricing, margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake in the nitrogen industry.
The following technical and economic aspects are included in the report:
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1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Research Methodology
3 Executive Summary
4 Global Nitrogen Market
4.1 Market Overview
4.2 Historical and Current Market Performance
4.3 Impact of COVID-19
4.4 Market Forecast
4.5 Market Breakup by Segment
4.6 Market Breakup by Region
4.7 Price Trends
4.7.1 Nitrogen Price Trends
4.7.2 Product Margins
5 Nitrogen Manufacturing Process
5.1 Product Overview
5.2 Detailed Process Flow
5.3 Various Types of Unit Operations Involved
5.4 Mass Balance and Raw Material Requirements
6 Production Cost Analysis
6.1 Raw Material Cost Analysis
6.1.1 Price Trend of Raw Materials Required
6.1.2 Total Expense on Raw Materials
6.2 Utility Cost Analysis
6.2.1 Electricity Costs
6.2.2 Steam Costs
6.2.3 Process Water Costs
6.2.4 Total Expense on Utilities
6.3 Operating Cost Analysis
6.3.1 Salaries and Wages
6.3.2 Plant Overheads
6.3.3 Tax and Insurance
6.3.4 Packaging Costs
6.3.5 Transportation Costs
6.3.6 Sales and Administration Costs
6.3.7 Total Operating Costs
6.4 Capital Cost Analysis
6.4.1 Land and Site Development Costs
6.4.2 Civil Work Costs
6.4.3 Plant Machinery and Commissioning Costs
6.4.3.1 Plant Machinery Costs
6.4.3.2 Auxiliary Equipment Cost
6.4.3.3 Electrical Works and Piping Costs
6.4.3.4 Other Fixed Costs
6.4.4 Working Capital Requirements for Plant Operation
6.4.5 Total Capital Investment Required
6.5 Total Production Cost
7 Annexure
7.1 Raw Material Suppliers
7.2 Pant Machinery Suppliers
List of Figures
Figure 1: Global: Nitrogen Market: Major Drivers and Challenges
Figure 2: Global: Nitrogen Market: Value Trends (in Million US$), 2016-2021
Figure 3: Global: Nitrogen Market Forecast: Value Trends (in Million US$), 2022-2027
Figure 4: Global: Nitrogen Market: Breakup by Segment (in %), 2021
Figure 5: Global: Nitrogen Market: Breakup by Region (in %), 2021
Figure 6: Nitrogen: Price Trends, 2016 & 2021
Figure 7: Nitrogen: Margins Across Various Stages of the Supply Chain
Figure 8: Nitrogen: Breakup of Costs
Figure 9: Nitrogen Price Structure
Figure 10: Nitrogen: Manufacturing Process Flow
Figure 11: Nitrogen: Manufacturing Process: Conversion Rate of Raw Materials
Figure 12: Nitrogen: Raw Material Price Trends, 2016 & 2021
List of Tables
Table 1: Nitrogen Manufacturing: Raw Material Requirements
Table 2: Nitrogen Manufacturing: Raw Material Costs
Table 3: Nitrogen Manufacturing: Electricity Costs
Table 4: Nitrogen Manufacturing: Steam Costs
Table 5: Nitrogen Manufacturing: Process Water Costs
Table 6: Nitrogen Manufacturing: Total Utility Costs
Table 7: Nitrogen Manufacturing Plant: Costs Related to Salaries and Wages
Table 8: Nitrogen Manufacturing: Packaging Costs
Table 9: Nitrogen Manufacturing: Transportation Costs
Table 10: Nitrogen Manufacturing: Sales and Administration Costs
Table 11: Nitrogen Manufacturing: Total Operating Costs
Table 12: Nitrogen Manufacturing: Costs Related to Land and Site Development
Table 13: Nitrogen Manufacturing: Costs Related to Civil Works
Table 14: Nitrogen Manufacturing: Costs Related to Plant Machinery
Table 15: Nitrogen Manufacturing: Costs Related to Auxiliary Equipment
Table 16: Nitrogen Manufacturing: Costs Related to Electrical works and Piping
Table 17: Nitrogen Manufacturing: Total Costs Related to Plant Machinery and Commissioning
Table 18: Nitrogen Manufacturing: Working Capital Requirements
Table 19: Nitrogen Manufacturing: Total Capital Investment Required
Table 20: Nitrogen Manufacturing: Total Production Cost
Table 21: Nitrogen Manufacturing: Raw Material Suppliers
Table 22: Nitrogen Manufacturing: Machinery Suppliers
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