Argentina Nitrogen Market Overview, 2029

Since 1995, industrial nitrogen output has been recorded, with an annual average of around 197 million cubic metres. Despite swings, the market has not experienced significant growth over time. The constancy of production indicates a steady demand for nitrogen throughout Argentina's industrial environment. Nitrogen consumption is mostly driven by the agriculture industry, particularly fertilisers. As Argentina concentrates on increasing crop yields, nitrogen demand is projected to remain stable or perhaps increase. In addition, the food and beverage industry contributes to nitrogen consumption by using liquid nitrogen for freezing and preservation. This variety of demand suggests a stable market for nitrogen products. Argentina's nitrogen market pales in contrast to its South American competitors, such as Brazil. The latter has a strong domestic production capacity and a booming agriculture sector, which contribute to its high nitrogen use. In contrast, Argentina's market appears smaller, with less established infrastructure and agricultural activities. This disparity highlights Brazil's supremacy in the region in terms of nitrogen production and utilisation, cementing its status as a vital player on the continent. According to the research report “Argentina Nitrogen Market Overview, 2029," published by Bonafide Research, the Argentina Nitrogen market is forecasted to reach market size of more than USD 250 Million by 2029. However, Argentina confronts numerous hurdles in achieving its nitrogen requirements. One key challenge is the country's limited local manufacturing capability, which forces it to rely heavily on imports to meet a large amount of demand. This reliance on foreign suppliers may expose the country to supply chain vulnerabilities and geopolitical concerns. Furthermore, the global nitrogen market is subject to price volatility, which can affect domestic prices and profitability for enterprises that rely on nitrogen goods. Prices are volatile, necessitating strategic planning and risk management techniques for organisations in this area. Furthermore, Argentina's nitrogen sector faces infrastructure challenges, particularly in distribution and storage facilities for liquid nitrogen. Inadequate infrastructure can impede the effective transportation and storage of nitrogen products, potentially causing logistical issues and supply disruptions. Addressing these infrastructure deficiencies will necessitate major expenditures in updating and expanding current facilities in order to efficiently fulfil the increasing demand for nitrogen.

In terms of products, compressed gas involves reducing its volume while maintaining a constant temperature or allowing it to change, achieved typically by applying pressure to the gas. This process enhances gas density, facilitating various industrial, scientific, and practical applications such as refrigeration, air conditioning, power generation, and gas storage. On the other hand, liquid nitrogen, a cryogenic liquid with a boiling point of -196 degrees Celsius (-321 degrees Fahrenheit) at atmospheric pressure, consists of diatomic nitrogen molecules (N2) and is produced through the cooling and condensing of nitrogen gas. Regarding applications, the commercial sector pertains to activities related to commerce or business, encompassing transactions aimed at generating profit, including buying, selling, advertising, and marketing goods and services. It involves interactions between businesses or between businesses and consumers. In contrast, the industrial domain encompasses processes, activities, or systems associated with large-scale production of goods across various sectors such as manufacturing, construction, energy production, and transportation. Utilising machinery, technology, and specialised labour, industrial processes transform raw materials or components into finished products for consumption or distribution. Lastly, the end-user industries for these products and applications include food and beverage, oil and gas/petrochemical, metal manufacturing and fabrication, electronics, pharmaceuticals and healthcare, and chemicals. Each industry employs compressed gas and liquid nitrogen for diverse purposes, ranging from food preservation and oil refining to metal fabrication and pharmaceutical manufacturing, showcasing the versatility and widespread utility of these products across multiple sectors. The agricultural sector in Argentina is expanding, with a particular emphasis on high-yield crops. This shift in focus could result in increased demand for nitrogen, a critical component in increasing agricultural output. The country's import substitution potential provides a chance for indigenous producers to gain a larger market share. Argentina now relies on imports of nitrogen and nitrogen-based heterocyclic compounds, with Brazil being a major supplier. However, the country's exports in this sector remain low, showing possibilities for growth and expansion in the domestic market. Detailed information on companies that produce and distribute nitrogen in Argentina is currently scarce. However, this provides an opportunity for new players to enter the market and profit from the increased demand for nitrogen-based products. Established enterprises in adjacent areas, as well as multinational players, may explore expanding into Argentina to capitalise on the nitrogen market's rising potential. Furthermore, established enterprises in the country may consider diversification or expansion initiatives to tap into this profitable area. Overall, the nitrogen market in Argentina has capacity for expansion and innovation, with opportunities for both established businesses and new entrants to succeed. While the immediate impact of the pandemic on domestic production and consumption patterns is unknown, disruptions in global supply chains have most likely echoed across the nitrogen market, potentially altering availability and pricing dynamics. Argentina's reliance on imported nitrogen products makes it vulnerable to disruptions in international trade, highlighting the market's sensitivity to external shocks such as the pandemic. Despite the lack of comprehensive data on the pandemic's effects on Argentina's nitrogen sector, the widespread disruptions observed throughout global supply chains cast doubt on the market's stability and resilience in the face of unexpected problems. Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Nitrogen market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product • Compressed Gas • Liquid Nitrogen By Application • Commercial • Industrial

By End User • Food & Beverage • Oil & Gas/Petrochemical • Metal Manufacturing & Fabrication • Electronics • Pharmaceuticals & Healthcare • Chemicals The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Nitrogen industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.