Industry Background:
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.This growth is primarily driven by Increasing Demand of Automobiles and High Prevalence of Chronic Diseases.
Globally, a noticeable market trend is evident Broadly used in Automotive Engines to Increase the Efficiency
. Major Vendors, such as 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) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
March 19, 2019: 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.
Regulatory Insights:
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.
Market Drivers
- Increasing Demand of Automobiles
- High Prevalence of Chronic Diseases
Market Trend
- Broadly used in Automotive Engines to Increase the Efficiency
- Increasing Use in High Tech Thin Film Industries of LCD
Restraints
- Stringent Government Regulations Imposed for Usage and Transportation
Opportunities
Increasing Investment in Healthcare and Automobile Sector in Emerging Economies
Challenges
May Lead to Loss of Blood Pressure, Fainting and Even Heart Attack
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Nitrous Oxide Study Sheds Light on
— The Nitrous Oxide Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Nitrous Oxide industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where Nitrous Oxide industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
— How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.