Product Code: ETC108223 | Publication Date: Aug 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The India nitrous oxide market import shipments showcased remarkable growth with a strong CAGR from 2020 to 2024. Notably, the growth rate surged between 2023 and 2024, indicating accelerating momentum. The market demonstrated consistent expansion, reflecting a robust and upward trend in the period analyzed.
The India nitrous oxide market is projected to grow at a healthy CAGR during the forecast period (2025-2031). The increasing demand for medical and dental applications, rising government initiatives to improve healthcare infrastructure, and growing awareness about anesthetic gases are driving the growth of the India nitrous oxide market. Moreover, increased investments by manufacturers in research & development activities further add up to the growth prospects of this market.
Increasing Use In Automotive Sector - One of the major drivers influencing demand for nitrous oxide (N2O) is its wide use by automobile companies due to its higher energy density compared to other fuels. It helps enhance engine performance while reducing fuel consumption significantly. This has been instrumental in driving up sales volumes of vehicle manufacturers who have adopted N2O technology. Furthermore, government initiatives like FAME Scheme (Faster Adoption and Manufacturing Electric Vehicles), which provides incentives on electric vehicles based on their battery capacity & range has been encouraging development & adoption off new technologies such as N2O engines by OEMs thereby increasing their production & boosting their revenue streams drastically over past few years
High Cost Associated With Technology ??? High cost associated with utilizing this technology can be considered one of major challenge hindering wider adoption among OEMs especially those based out developing nations including India due high price tag attached with it???s components such as tanks along control systems etc needed implementing it successfully which might act deterrent measures towards wider acceptance among budget conscious customers located here thus likely hamper growth prospects these regions over coming years.
The key players operating in the India nitrous oxide market are Air Liquide, Air Products & Chemicals Inc., Coregas Pty Ltd, Linde Gas LLC, Matheson Tri-Gas Inc., MVS Engineering Pvt. Ltd., Praxair Technology Inc., and Solvay S.A.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Nitrous Oxide Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Nitrous Oxide Market Revenues & Volume, 2021 & 2031F |
3.3 India Nitrous Oxide Market - Industry Life Cycle |
3.4 India Nitrous Oxide Market - Porter's Five Forces |
3.5 India Nitrous Oxide Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 India Nitrous Oxide Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for nitrous oxide in medical applications, such as anesthesia and sedation during surgeries. |
4.2.2 Growth in the food and beverage industry, where nitrous oxide is used as a propellant in aerosol cans for whipped cream and other products. |
4.2.3 Rising adoption of nitrous oxide in the automotive industry for performance enhancement and emission control. |
4.3 Market Restraints |
4.3.1 Stringent regulations related to the handling, storage, and transportation of nitrous oxide due to its potential environmental impact. |
4.3.2 Fluctuations in raw material prices, such as ammonium nitrate, which can impact the production cost of nitrous oxide. |
4.3.3 Health concerns associated with prolonged exposure to nitrous oxide, leading to regulatory scrutiny and potential restrictions on its usage. |
5 India Nitrous Oxide Market Trends |
6 India Nitrous Oxide Market, By Types |
6.1 India Nitrous Oxide Market, By Applications |
6.1.1 Overview and Analysis |
6.1.2 India Nitrous Oxide Market Revenues & Volume, By Applications, 2021-2031F |
6.1.3 India Nitrous Oxide Market Revenues & Volume, By Automotive, 2021-2031F |
6.1.4 India Nitrous Oxide Market Revenues & Volume, By Medical, 2021-2031F |
6.1.5 India Nitrous Oxide Market Revenues & Volume, By Electronics, 2021-2031F |
6.1.6 India Nitrous Oxide Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.1.7 India Nitrous Oxide Market Revenues & Volume, By Others, 2021-2031F |
7 India Nitrous Oxide Market Import-Export Trade Statistics |
7.1 India Nitrous Oxide Market Export to Major Countries |
7.2 India Nitrous Oxide Market Imports from Major Countries |
8 India Nitrous Oxide Market Key Performance Indicators |
8.1 Adoption rate of nitrous oxide in new medical procedures and applications. |
8.2 Number of new product launches or innovations in the food and beverage industry utilizing nitrous oxide. |
8.3 Investment in research and development for alternative production methods or applications of nitrous oxide. |
9 India Nitrous Oxide Market - Opportunity Assessment |
9.1 India Nitrous Oxide Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 India Nitrous Oxide Market - Competitive Landscape |
10.1 India Nitrous Oxide Market Revenue Share, By Companies, 2024 |
10.2 India Nitrous Oxide Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |