Global Nitrous Oxide Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global nitrous oxide market in its upcoming report titled, “Global Nitrous Oxide Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global nitrous oxide market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global nitrous oxide market report has been segmented on the basis of application and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Nitrous oxide, also known as, laughing gas is a colorless non-flammable gas with metallic taste and smell. It is an oxide of nitrogen with powerful oxidizing properties. It is commonly used in medical procedures and surgeries for reducing pain and as an anesthetic. It is also used in rocket motors, aerosol propellants, medicine and recreational purposes.
Growing aging population, especially in developed countries, coupled with increasing patients with chronic deceases are factors driving growth of the global nitrous oxide market. Increasing use of nitrous oxide gas in clinics, hospitals and dental clinics for various procedures is resulting to increasing demand for nitrous gas. Nitrous oxide is nontoxic and stable in room temperature. It is safer to store and carry. Growing use in rockets, aircraft engines, interceptor, bomber planes, reconnaissance aircraft is a factor fueling growth of the global market. Increasing use of nitrous oxide for medicinal purposes and in food & beverages sector are factors expected to boost growth of the global nitrous oxide market in the near future.
However, stringent government regulations for usage and transportation of nitrous oxide may hamper growth of the global nitrous oxide market. In US, Food and Drug Administration and Drug Evaluation and Research regulates its usage in food & beverages as well as medical gases. These factor may affect growth of the global market.
Market in North America accounts for major share in terms of revenue and is expected to witness high growth over the forecast period. Presence of key manufacturers and strong supply chain are factor driving growth of the global nitrous oxide market in this region. Market in Europe accounts for second highest share in terms of revenue and expected to maintain its position in the near future, owing to increasing population with chronic decreases and presence of aging population in this region. Market in Asia Pacific expected to witness lucrative growth in terms of revenue over the forecast period, followed by Latin America and Middle East and Africa.
Global Nitrous Oxide Market Segmentation:
- Food and beverages
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Praxair Technology, Inc.
- Oxygen & Argon Works Ltd
- The Linde Group
- Matheson Tri-Gas, Inc.
- SOL Spa
- Merck KGaA
- Air Liquide S.A.
- Airgas, Inc.
- Ellenbarrie Industrial Gases Ltd.
- Promas Engineers Private Limited
- SS Gas Lab Asia,
- KVK Corporation, and
- Carbide and Chemicals
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