NITROUS OXIDE MARKET ANALYSIS
Key Developments
Key companies operating in the nitrous oxide market are engaged in adopting various strategies including new product launch and mergers & acquisitions in order to maintain their market share in the global market.
For instance, June 2012, Praxair Canada announced the acquisition of five branches of Airgas, Inc. located in Western Canada, including Red Deer, Edmonton, Regina, Calgary, and Alberta. The acquisition supports the growth of the company in western Canada and enables company to better serve the customers of the company.
In August 2016, Cantel Medical Corporation, subsidiary of Crosstex, continues its market expansion and diversification with the acquisition of Accutron Inc., the leading manufacturer of conscious sedation, nitrous oxide delivery systems and nasal masks.
In October 2018, Praxair Inc. and The Linde Group completed the acquisition for US$ 90 Billion, creating the single biggest player in the global industrial gases business. The acquisition aimed towards the expansion of Praxair Inc.’s product portfolio and geographical presence.
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