The global nitrous oxide market witnessed a market value of USD 805.1 million in 2016 owing to a 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 purposes. However, stringent government regulations coupled with strict norms by food & drug administration are likely to restrict the market growth shortly. Overall, the nitrous oxide market is anticipated to register a CAGR of 7.1% shortly.
Nitrous oxide is produced commercially by heating ammonium nitrate to a higher temperature. A channel with washers and scrubbers subsequently eliminates 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 the 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 Middle East & Africa. Furthermore, a rise in demand from Asia-Pacific’s market is expected to boost the global market scenario. Asia-Pacific’s market witnessed a rise in the geriatric population, due to the existence of the prolonged chronic disease in emerging economies such as India and China.
The 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 markets are likely to enjoy a lucrative share in growth owing to the 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.
Nitrous Oxide Application Outlook (Revenue, USD Million, 2014 - 2025)
• Food & Beverages
Nitrous Oxide Regional Outlook (Revenue, USD Million, 2014 - 2025)
• North America
• the U.S.
• the U.K.
• the Asia Pacific
• Central & South America
• Middle East & Africa
Research Support Specialist, USA
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