The Latin America, Middle East and Africa Nitrous Oxide Market would witness market growth of 9.7% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 598.43 hundred Tonnes, showcasing a growth of 9.6% (2023-2030).
Innovations in manufacturing technologies aim to reduce the environmental footprint of its production. Green manufacturing processes, including renewable energy sources, are gaining traction to align with sustainability goals. Research is underway to explore methods for capturing and utilizing these emissions. This includes the development of technologies that convert these into less harmful compounds, contributing to emission reduction strategies. Nitrous oxide-based propulsion systems are well-suited for suborbital flights, a key focus of many space tourism initiatives.
Suborbital flights involve reaching the edge of space, providing passengers with a brief experience of weightlessness and a view of Earth from space. Ongoing research and testing are being conducted to validate the performance and feasibility of nitrous oxide-based propulsion systems. This includes ground-based testing, computer simulations, and, in some cases, actual suborbital flights to gather data and assess the viability of this technology. Using this as a propellant in space tourism represents a promising avenue for innovation in the aerospace industry.
With a growing population and rising economic prosperity in certain LAMEA countries, automobile demand is increasing. As automotive sales and production escalate, so does the need for various industrial gases, including these, in manufacturing. As the automotive manufacturing sector grows in LAMEA, the demand for it in these processes could increase. As the demand for automobiles rises in the LAMEA region, the associated need for metal fabrication may contribute to increased usage of this, thereby driving the regional market.
The Brazil market dominated the LAMEA Nitrous Oxide Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $49.5 million by 2030. The Argentina market is showcasing a CAGR of 10.3% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 9.4% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
Innovations in manufacturing technologies aim to reduce the environmental footprint of its production. Green manufacturing processes, including renewable energy sources, are gaining traction to align with sustainability goals. Research is underway to explore methods for capturing and utilizing these emissions. This includes the development of technologies that convert these into less harmful compounds, contributing to emission reduction strategies. Nitrous oxide-based propulsion systems are well-suited for suborbital flights, a key focus of many space tourism initiatives.
Suborbital flights involve reaching the edge of space, providing passengers with a brief experience of weightlessness and a view of Earth from space. Ongoing research and testing are being conducted to validate the performance and feasibility of nitrous oxide-based propulsion systems. This includes ground-based testing, computer simulations, and, in some cases, actual suborbital flights to gather data and assess the viability of this technology. Using this as a propellant in space tourism represents a promising avenue for innovation in the aerospace industry.
With a growing population and rising economic prosperity in certain LAMEA countries, automobile demand is increasing. As automotive sales and production escalate, so does the need for various industrial gases, including these, in manufacturing. As the automotive manufacturing sector grows in LAMEA, the demand for it in these processes could increase. As the demand for automobiles rises in the LAMEA region, the associated need for metal fabrication may contribute to increased usage of this, thereby driving the regional market.
The Brazil market dominated the LAMEA Nitrous Oxide Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $49.5 million by 2030. The Argentina market is showcasing a CAGR of 10.3% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 9.4% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
Scope of the Study
Market Segments Covered in the Report:
By Application (Volume, Hundred Tonnes, USD Billion, 2019-2030)
- Medical
- Automotive
- Electronics
- Food Beverages
- Others
By Country (Volume, Hundred Tonnes, USD Billion, 2019-2030)
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- 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.
- SS GASLAB ASIA PVT. LTD.
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market At a Glance
Chapter 3. Market Overview
Chapter 4. LAMEA Nitrous Oxide Market, By Application
Chapter 5. LAMEA Nitrous Oxide Market, By Country
Chapter 6. Company Profiles
Companies Mentioned
- 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.
- SS GASLAB ASIA PVT. LTD.
Methodology
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