Global “Nitrous Oxide Market” report offers an overview of the market size, share, trends, drivers, and barriers with respect to the Nitrous Oxide Industry. Latest report on the global Nitrous Oxide market is a compilation of key market insights and discusses key market dynamics such as drivers, restraints, and opportunities at length. It also provides a comprehensive overview of the market of different regions across North America, Europe, Asia Pacific, South America, Africa and Others.
The Nitrous Oxide Market report discusses the primary industry growth
drivers and challenges that the vendors and the market as a whole face and
provides an overview of the key trends emerging in the market. It also talks
about the market size of different segments and their growth aspects along with
key leading countries in Americas, Asia-Pacific, Europe, the Middle East, and
Africa regions.
Significant Features that are under Offering and Key Highlights of the
Reports:
• Detailed overview of Nitrous Oxide Market
• Changing market dynamics of the Nitrous Oxide industry
• In-depth market segmentation by Type, Application etc
• Historical, current and projected market size in terms of volume and
value
• Recent Nitrous Oxide industry trends and developments
• Competitive landscape of Nitrous Oxide Market
• Strategies of key players and product offerings
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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.
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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