Nitrous Oxide Market Size, Share, Growth 2021 Industry Demand, Global Trend, Industry News, Business, Industry, Top Countries Data, Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Nitrous Oxide Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Nitrous Oxide Market products.

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According to the statistics by the Food and Agricultural Organization (FAO) of the United Nations, the total amount of pesticides used around the world grew from 3,089,827 tonnes in 2000 to 4,122,334 tonnes in 2018. Moreover, amongst all the continents that used pesticides, Asia registered as the largest user of pesticides by attaining a share of 52.4% in the year 2018. It was followed by the Americas, Europe, Africa and Oceania with 32.3%, 11.6%, 2% and 1.7% respectively. The statistics also stated that China was the largest user of pesticides amongst all the nations worldwide, utilizing 1,763,000 tonnes of pesticides for agricultural use.

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 Polaris Market Research. 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.

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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.

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.

How does the report examine the growth drivers and restraints of the Nitrous Oxide Market ?

  • The factors resulting in the expansion of the Nitrous Oxide Market  are elaborated in the report after thorough primary and secondary research.
  • Analytical strategies focused on gain indicators affecting the growth of the Nitrous Oxide Market  are presented in graphical formats.
  • The business-related trends driving the product consumption are discussed in detail in the report along with industry expertise to minimize the barriers to Nitrous Oxide Market  growth.

What is the key information extracted from the report?

  • Extensive information on factors estimated to affect the Nitrous Oxide Market  growth and Nitrous Oxide Market  share during the forecast period is presented in the report.
  • The report offers the present scenario and future growth prospects of Nitrous Oxide Market  in various geographical regions.
  • The competitive landscape analysis on the Nitrous Oxide Market  as well as the qualitative and quantitative information is delivered.
  • The SWOT analysis is conducted along with Porter’s Five Force analysis.
  • The in-depth analysis provides an insight into the Nitrous Oxide Market , underlining the growth rate and opportunities offered in the business.

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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.

Key Segments Outlook

End-Use Type

Medical
Automotive
Electronics
Food & Beverage

Region

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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