The Europe Nitrous Oxide Market would witness market growth of 6.9% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 857.87 Hundred Tonnes, showcasing a growth of 4.5% (2019-2022).
A prominent trend in the market revolves around heightened environmental awareness. The recognition of nitrous oxide as a potent greenhouse gas has triggered discussions on emission reduction strategies and sustainable practices across industries. The regulatory framework is transforming to mitigate the ecological consequences of it effectively. Governments bodies are introducing measures to monitor and control its emissions, influencing industrial practices and encouraging the adoption of cleaner technologies.
In the healthcare sector, ongoing research and technological advancements are focused on improving the delivery and monitoring of nitrous oxide during medical procedures. Innovations in administration systems and monitoring devices aim to enhance patient safety and overall efficiency. The healthcare sector is witnessing innovations in precision medicine, focusing on tailoring administration to individual patient needs. This includes advancements in monitoring technologies and personalized anaesthesia delivery systems.
Surgical procedures have become more prevalent in Europe due to technological advances, enhanced healthcare access, and a greater emphasis on promptly addressing health concerns. The increased surgical interventions observed correlate with the heightened demand for anaesthetic agents, such as these. Europe accommodates various surgical specialties, such as neurosurgery, orthopaedics, cardiovascular surgery, and general surgery. Therefore, the growing number of surgical procedures in Europe will drive the need for anesthetic agents, which will eventually help expand the regional market.
The Germany market dominated the Europe Nitrous Oxide Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $123.6 million by 2030. The UK market is exhibiting a CAGR of 5.9% during (2023 - 2030). Additionally, The France market would experience a CAGR of 7.7% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Nitrous Oxide Market will Hit 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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