Report Ocean recently released a research report on the Nitrous Oxide Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
Global nitrous oxide market is expected to grow from USD 789.2 million in 2017 to USD 1,441.2 million by 2026, at a CAGR of 6.2% during the forecast period according to a study published by Report Ocean Market Research.
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Increasing application of nitrous oxide from medical, automotive and semiconductor manufacturing, chemical and even food & beverage packaging industries are expected to drive its market. Significant pervasiveness of several types of chronic diseases and increasing number of geriatric population globally are anticipated to be some potential implications for the product to experience higher demand during the forecast period. Few of the non-medical applications of the product include semiconductors, food processing & packaging and premium automobiles among the major end-uses.
The increasing application from the semiconductor and automobile industry has been the present trend and hence these two end-use segments are anticipated to be among the fastest growing segments by the end of the forecast period. Higher definition new display technologies including the ultra high definition and OLED require higher amounts of nitrous oxide and this has been a new expansion in its demand. Currently, the gas has also been used to manufacture metal oxide transistors which are replacing the conventional silicon based technology ones.
Its use as food & beverage propellant such as for whipped creams, industrial agents and foaming agents, as fuel oxidizer in race cars and rockets are some of its promising application sectors. But, it has been consider as a global warming compounds by Kyoto protocol. Almost most of the warming contributions globally arise from secondary reaction of fertilizers in solids and other agriculture sources. Hence, this fact has been a major restraint in the industry growth till now.
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The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Nitrous Oxide Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada. Europe is divided into Germany, UK, Italy, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
Competitive Landscape and Key Vendors
Asia Pacific was the largest regional market in 2017. Increasing demand from the medical industry which has been growing in proportional to the region’s rising economy is anticipated to be the primary source for it. Even the electronics manufacturing industry of China, Japan, South Korea and even India has always been a major contributor to Asia Pacific’s demand for this gas.
Presence of or increasing availability of cheap but qualified and highly skilled labor in the region has attracted many of the premium car manufacturers to set up their manufacturing facilities for economies of scale. The rapidly developing and expanding automobile manufacturing industry in this region also has and will further augment demand for nitrous oxide over the next eight years.
Some of the leading industry participants include KVK Corporation, SS Gas Lab Asia, Promas Engineers Pvt. Ltd., Ellenbarrie Industrial Gases Ltd., Air Liquide S.A., Merck KGaA, SOL S.p.A., Matheson Tri-Gas Inc., Airgas, Inc., The Linde Group, Praxair, Inc., and Oxygen and Argon Works Ltd.
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Key Segments Outlook
End-Use Type
Medical
Automotive
Electronics
Food & BeverageRegion
North America
U.S.
Canada
Europe
Germany
UK
France
Asia-Pacific
China
India
Japan
Latin America
Brazil
Mexico
Middle East and Africa
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Table of Content
Chapter 1: Global Nitrous Oxide Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Nitrous Oxide market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Nitrous Oxide Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Nitrous Oxide market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Nitrous Oxide market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Nitrous Oxide market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Nitrous Oxide market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Nitrous Oxide business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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