About Nitrous Oxide
Nitrous oxide is non-flammable, colourless gas with pleasant, sweet odor and taste. It produces relaxation, and a reduced sensitivity to pain. Nitrous oxide is produced commercially by heating ammonium nitrate to 240Degree Celsius. Water vapour and impurities such as higher oxides of nitrogen, ammonia and nitric acid, are subsequently removed by passage through a series of washers and scrubbers. This drug has played an important role in both dental and medical practice. Some of the non-medical end uses include racing cars, semiconductor industry, and food processing. In the medical industry, it is widely used in surgery and dentistry procedures as an analgesic and anaesthetic. Upon inhaling, it has excellent euphoric effects and this property has led to its recreational use as a dissociative anaesthetic. It is less reactive and hence is more offered than oxygen.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.3% |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined synergies. Analyst at AMA Research estimates that German and Indian Vendors will contribute the maximum growth to Global Nitrous Oxide market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
The Linde Group (Germany), Matheson Tri-Gas (United States), SOL Spa (Italy), Merck KGaA (Germany), Air Liquide (France), Ellenbarrie Industrial Gases Ltd. (India), Promas Engineers Pvt. Ltd. (India), Praxair, Inc. (United Kingdom), Messer Group (Germany) and SS Gas Lab Asia (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Nitrous Oxide market by , Application (Automotive, Electronics, Medical and Food & Beverages) and Region.
On the basis of geography, the market of Nitrous Oxide has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Nitrous Oxide market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Broadly used in Automotive Engines to Increase the Efficiency and Increasing Use in High Tech Thin Film Industries of LCD
Market Growth Drivers:
Increasing Demand of Automobiles and High Prevalence of Chronic Diseases
Challenges:
May Lead to Loss of Blood Pressure, Fainting and Even Heart Attack
Restraints:
Stringent Government Regulations Imposed for Usage and Transportation
Opportunities:
Increasing Investment in Healthcare and Automobile Sector in Emerging Economies
Market Leaders and their expansionary development strategies
March 19, 2022, Air Liquide announces that Airgas has completed the acquisition of TA Corporate Holdings, Inc., a large independent distributor of industrial gases and welding supplies serving various geographies in the United States. This transaction enables Airgas to further strengthen its network in the United States with a complementary footprint to better serve customers while generating significant efficiencies.
In February 2022, Glenmark Pharmaceuticals Limited (Glenmark) launched FabiSpray, a nitric oxide nasal spray, in India. It is used for the treatment of adult patients with COVID-19 who have high risk of evolution of the disease.
United Kingdom: Intoxicating Substances (Supply) Act 1985: This Act prohibits the sale, to those under the age of 18, of substances which the seller has reason to believe may be inhaled for the purposes of intoxication. It was originally designed to prevent minors buying glue and other solvents, but has more recently been used in relation to other substances.
Key Target Audience
Manufacturers of Nitrous Oxide, Suppliers of Nitrous Oxide, Wholesalers, Distributers and Retailers of Nitrous Oxide, Healthcare Sector and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.