The Asia Pacific Nitrous Oxide Market would witness market growth of 7.9% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 1,681.86 Hundred Tonnes, showcasing a growth of 5.3% (2019-2022).
The culinary world continues to embrace nitrous oxide as chefs push the boundaries of creativity. Culinary trends involve experimenting with textures, flavours, and presentations, with this as a key tool in the toolkit of avant-garde chefs. The avant-garde movement in gastronomy, often associated with molecular gastronomy, has embraced it as a key player. Techniques like specification, espuma (foam) creation, and rapid infusion rely on the gas to transform familiar ingredients into novel culinary experiences.
Emerging industries, such as the burgeoning field of space tourism, are exploring nitrous oxide as a propellant for rocket engines. The compound's characteristics make it an attractive option for applications beyond the Earth's atmosphere. It is a storable liquid, simplifying the logistics and handling compared to some hypergolic propellants that require more complex storage and handling procedures. This characteristic enhances the overall safety and operational efficiency of space missions. Rocket engines that use it as a propellant can be designed relatively simply.
The Asia Pacific region has been a hub for automotive manufacturing, with countries like China, Japan, South Korea, and India being significant contributors. Increased production may result from the rising demand for automobiles in the region, propelled by urbanization, rising middle-class incomes, and economic expansion. It is used in the automotive industry for various applications, including airbag systems. Thus, growing automotive landscape in the Asia Pacific region is expected to help propel the demand in the region.
The China market dominated the Asia Pacific Nitrous Oxide Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $186.4 million by 2030. The Japan market is registering a CAGR of 7.3% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 8.6% during (2023 - 2030).
Based on Application, the market is segmented into Medical, Automotive, Electronics, Food Beverages, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Nitrous Oxide Market is Predict to reach USD 2 Billion by 2030, at a CAGR of 7.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Linde PLC, Chart Industries, Inc., Nippon Sanso Holdings Co., Ltd. (Mitsubishi Chemical Holdings), SOL Group, Merck KGaA, Air Liquide S.A., Ellenbarrie Industrial Gases Limited, Air Products and Chemicals, Inc., Promas Engineers Pvt. Ltd., and SS GASLAB ASIA PVT. LTD.
By Application (Volume, Hundred Tonnes, USD Billion, 2019-2030)
By Country (Volume, Hundred Tonnes, USD Billion, 2019-2030)
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