Jan 2, 2019
According to Stratistics MRC, the Global Nitrous Oxide Market is accounted for $0.77 billion in 2017 and is expected to reach $1.68 billion by 2026 growing at a CAGR of 9.1% during the forecast period.

Gaithersburg, Maryland, United States - January 2, 2019 /MarketersMedia/ —
Some of the key factors propelling the market growth are growing demand from various industries, rising aging population particularly in urban countries and high prevalence of chronic diseases. However, stringent government regulations imposed for usage and transportation of nitrous oxide is restricting the market growth. Moreover, rising use as an anesthetic and analgesic agent in medical industry is one of the major opportunities during the forecast period.
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Nitrous oxide or laughing gas is a colorless and non-flammable gas with a slightly sweet odor, which is widely used for various medical and non-medical applications. In the medical industry, it is widely used in surgery and dentistry procedures as an analgesic and anesthetic. Nitrous oxide itself is inflammable but is an excellent oxidizer that provides additional oxygen for the extra fuel to burn hence producing more power.
By Application, medical segment is likely to witness significant growth over the forecast period owing to rising use of nitrous oxide gas in clinics, hospitals and dental clinics for various procedures. Nitrous oxide is nontoxic and stable in room temperature. It is safer to store and carry. North America accounted for largest market share followed by Europe. The region is poised to offer huge opportunities over the forecast period due to increasing prevalence of chronic diseases such as cancer, type 2 diabetes, stroke, heart disease, obesity, and arthritis.
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Some of the key players profiled in the Nitrous Oxide Market include Praxair, Inc, The Linde Group, Air Products and Chemicals, Air Liquide, Matheson Tri-Gas Inc., Messer, Merck KGaA, Promas Engineers Pvt. Ltd., SOL S.p.A., Oxygen and Argon Works Ltd., SS Gas Lab Asia, KVK Corporation and Lion Apparel, Inc.
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Applications Covered:
• Automotive
• Medical
• Electronics
• Food and beverages
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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About Stratistics MRC
We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.
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Source URL: https://marketersmedia.com/nitrous-oxide-market-size-share-report-analysis-trends-forecast-to-2026/465050
Source: MarketersMedia
Release ID: 465050
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