17th March 2020 – The global “Nitrous
Oxide market” presents a widespread and elementary study of Nitrous
Oxide business at the side of the analysis of subjective aspects which is able
to give key business insights to the readers. World Nitrous Oxide Market
analysis report offers the analytical read of the business by learning various
factors like Nitrous Oxide market growth, consumption volume, market trends and
Nitrous Oxide business price structures throughout the forecast amount from 2014
to 2025.
The global nitrous oxide market
witnessed market value of USD 805.1 million in 2016 owing to rise in demand
from several industries such as electronics, automotive, food & beverages
and medical. Nitrous oxide is used as an efficiency enhancer and further
injected to boost gas engines. In addition, nitrous oxide is also used in
dental treatments for analgesic purpose. However, stringent government
regulations coupled with strict norms by food & drug administration are likely
to restrict the market growth in the near future. Overall, the nitrous
oxide market is anticipated to register a CAGR of 7.1% in the near future.
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Main features of the report:
·
To provide detailed analysis of
the market structure along with forecast of the various segments and
sub-segments of the global Nitrous Oxide Market.
·
A complete backdrop analysis,
which includes an assessment of the parent market
·
Important changes in market
dynamics
·
Market segmentation up to the
second or third level
·
To provide country level
analysis of the market for segment by application, product type and
sub-segments.
·
To provide strategic profiling
of key players in the market, comprehensively analyzing their core
competencies, and drawing a competitive landscape for the market.
·
Track and analyze competitive
developments such as joint ventures, strategic alliances, mergers and
acquisitions, new product developments, and research and developments in the
global Nitrous Oxide Market.
·
Emerging niche segments and
regional markets
·
An objective assessment of the
trajectory of the industry.
Nitrous oxide is produced commercially
by heating ammonium nitrate to a higher temperature. A channel with washers and
scrubbers subsequently eliminate water vapor with high oxides of ammonia,
nitrogen and nitric acid, and the other impurities. Nitrous oxide is normally
stored below its acute temperature and exists in liquid and vapor phases.
Unlike cylinders comprising pressurized gas, the cylinder pressure remains
constant until all the liquid nitrous oxide vaporizes.
A minor change in pressure might occur
during the emission of nitrous oxide and ice may form on the exterior of
cylinders due to constant cooling upon nitrous oxide’s latent heat
vaporization. A pipeline is enabled for supply of nitrous oxide and achieved
via a large central repository of cylinders comprising reserve storage. In
clinical application, nitrous oxide is used as general anesthesia, for
obstetrics, and pain management. Therefore, on a commercial scale nitrous oxide
has played a pivotal role in anesthesia. At present, no alternative exists for
using nitrous oxide for clinical and medical applications.
Geographical segmentation for nitrous
oxide industry spans North America, South America, Europe, Asia-Pacific and
MiddleEast & Africa. Furthermore, rise in demand from Asia-Pacific’s market
is expected to boost the global market scenario. Asia-Pacific’s market
witnesses rise in geriatric population, due to existence of prolonged chronic
disease in emerging economies such as India and China.
North American market is expected to
lead the market share in the forecast period since it offers multiple growth
opportunities and untapped potential in the global market. Middle Eastern and
African market is likely to enjoy lucrative share in growth owing to presence
of oil and manufacturing companies.
The key players in the nitrous
oxide market include Praxair Technology, Inc.; Oxygen & Argon Works Ltd.;
The Linde Group; Matheson Tri-Gas, Inc.; SOL Spa; Merck KGaA; Air Liquide;
Airgas, Inc.; and Ellenbarrie Industrial Gases Ltd. are some of the key players
engaged in extensive R&D and production of nitrous oxide. Moreover, Promas
Engineers Pvt. Ltd., SS Gas Lab Asia, KVK Corporation.
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