Nitrous Oxide Market, By Type (Food Grade, Industry Grade, Medical Grade), By Application (Food Industry, Medical Industry, Scientific Research, Other), By Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) – Market Size & Forecasting To (2021-2030)

The Global Nitrous Oxide Market is projected to grow from USD XX billion in 2021 to USD XX billion in 2030 at a CAGR of XX% during the forecast period. Nitrous oxide is also known as a laughing gas. It is a colorless and non-flammable gas with a slightly sweet odor, which is widely used for various medical and non-medical applications.

It has high demand in many industries such as automotive, electronics, medical, and food & beverages. Thus, the global nitrous oxide market is expected to raise the demand. Nitrous oxide is basically used in inhalation anesthetic products in medicines. The applications of the nitrous oxide market are mainly accompanied by simultaneous administration of a volatile agent such as ethane, halothane, etc.

Market Dynamics

The nitrous oxide market is extensively utilized in surgery. Additionally, it is used in the automotive, medical, and food & beverage sectors. These are major factors contributing to the growth of the global nitrous oxide market. A rising prevalence of chronic disease and a rising geriatric population is another factor expected to drive the growth of this market.

Global Nitrous Oxide Market

The usage of nitrous oxide in the medical industry has a less environmental impact. As nitrous oxide accounts for 5% of the total greenhouse effect, with only 1% of nitrogen oxide released into the atmosphere coming from medicinal use.

Center for Drug Evaluation and the U.S. Food and Drug Administration regulates the usage of medical gases and their associated equipment.  Rising dental procedures and surgeries impacting the market in a positives manner. It is mainly followed by the rising geriatric population across the globe. Thus, the market is witnessing higher growth.

In modern automobiles, nitrous oxide is used to boost engine power by an increase in the oxygen content of the fuel mixture, thus enabling the engine to burn more fuel. A variety of nitrous oxide systems are installed on trucks, motorcycles, snowmobiles, all-terrain vehicles, and cars.

However, rules and regulations refer to the use of nitrous oxide in road vehicles varies from country to country challenging to market players. It is used as an anesthetic agent for various therapeutic indications.

Market Segmentation

The global nitrous oxide market is segmented based on the type of nitrous oxide and application of nitrous oxide. Furthermore, the market is also segmented based on region. It includes North America, Europe, Asia Pacific, Middle East & Africa, and South America.

It is widely used for various medical and non-medical applications. Based on the type of nitrous oxide food grade, industry grade, and medical grade. Based on the application, the market is segmented by food industry, medical industry, scientific research, other.

Based on the Type of nitrous oxide

The global nitrous oxide market is segmented by the type of nitrous oxide. It includes food grade, industry-grade, and medical grade. Amongst all medical-grade segment is expected to witness market growth over the forecast period.

Owing to the rise in dental surgeries and other dental procedures, the rise in the geriatric population, increasing number of chronic diseases, the segment has a high demand. Additionally, it is used as an anesthetic agent in therapeutics and medical surgeries.

Based on the Application of nitrous oxide

Based on the application, the market is segmented by the food industry, medical industry, scientific research, others. The medical industry is anticipated to continue throughout the forecast period. About 85 to 90% of nitrous oxide produced worldwide is utilized in the medical sector.

Furthermore, the automotive segment is projected healthy growth over the forecast period. In modern automobiles, nitrous oxide is used to significantly enhance engine power by increasing the oxygen content of the fuel. The majority of nitrous oxide systems are installed on trucks, motorcycles, all-terrain vehicles, and cars.

Regional Analysis

Based on region, the nitrous oxide market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is a foremost revenue contributor in the global nitrous oxide market. North America is providing huge opportunities for key market players operating in this market. Growing incidences of cases of heart disease, cancer, arthritis, diabetes providing more demand for surgeries in the region. 

Amongst all heart diseases is providing growth opportunities for the market in the upcoming years. In addition, Europe is likely to account for witnessing growth opportunities for vendors operating in this market. Increasing population in Asia Pacific region and more demand for automotive industries promoting the market growth in Asia-pacific region.

Competitive Analysis

The utilization of nitrous oxide is highly impacted by rules and regulations related to nitrous oxide in various countries. The legislations vary from country to country for various application. There are several laws mainly for the supply chain management and distribution channel.

Global Nitrous Oxide Market

The key players of the market are Praxair Technology, Inc.; The Linde Group; Matheson Tri-Gas, Inc Oxygen & Argon Works Ltd.; Air Liquide; Merck KGaA are some of the key players engaged in R&D and production of nitrous oxide.

Market Segmentation:

By Type:

  • Food Grade
  • Industry Grade
  • Medical Grade

By Application:

  • Food Industry
  • Medical Industry
  • Santific Research
  • Other

By Region:

North America Nitrous Oxide Market

  • North America, by Country
    • US
    • Canada
    • Mexico
  • North America, by Type
  • North America, by Application

Europe Nitrous Oxide Market

  • Europe, by Country
    • Germany
    • Russia
    • UK
    • France
    • Italy
    • Spain
    • The Netherlands
    • Rest of Europe 
  • Europe, by Type
  • Europe, by Application

Asia Pacific Nitrous Oxide Market

  • Asia Pacific, by Country
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Indonesia
    • Rest of Asia Pacific 
  • Asia Pacific, by Type
  • Asia Pacific, by Application

Middle East & Africa Nitrous Oxide Market

  • Middle East & Africa, by Country 
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa
  • Middle East & Africa, by Type
  • Middle East & Africa, by Application

South America Nitrous Oxide Market

  • South America, by Country 
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • South America, by Type
  • South America, by Application

Objectives of this report:

  • To estimate market size for nitrous oxide market on regional and global basis.
  • To identify major segments in nitrous oxide market and evaluate their market shares and demand.
  • To provide a competitive scenario for the nitrous oxide market with major developments observed by key companies in the historic years.
  • To evaluate key factors governing the dynamics of nitrous oxide market with their potential gravity during the forecast period.

Reasons to Buy This Report:

  • Provides niche insights for decision about every possible segment helping in strategic decision making process.
  • Market size estimation of the nitrous oxide market on a regional and global basis.
  • A unique research design for market size estimation and forecast.
  • Identification of major companies operating in the market with related developments
  • Exhaustive scope to cover all the possible segments helping every stakeholder in the nitrous oxide.

Customization:

This study is customized to meet your specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country
  • Product Specific Competitive Analysis

For more information, contact: sales@quincemarketinsights.com