Nitrous Oxide Market By Product (Food Grade, Industry Grade, and Medical Grade), By Application (Electronics, Medical, Food and Beverages, and Automotive), By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2034

Nitrous Oxide Market was valued at USD 1093.4 Million in 2024 and is projected to grow at a CAGR of 6.7% to reach USD 1978.2 Million by 2034.

Nitrous oxide also known as laughing gas or N2O, is a colorless and non-flammable gas with a slightly sweet smell and taste. It was first discovered in the late 18th century by English chemist and natural philosopher Joseph Priestley. Nitrous oxide is composed of two nitrogen atoms and one oxygen atom, hence its chemical formula N2O. Any misuse and abuse of nitrous oxide can have serious health consequences and it should only be used in a controlled and responsible manner under appropriate supervision.

The use of nitrous oxide in medical and dental procedures is expected to continue growing. Nitrous oxide is a favored option for pain management and sedation in a variety of medical and dental settings due to its benefits such as rapid start and offset of action and ease of administration. Nitrous oxide is commonly used in dental practices for procedures such as tooth extractions, root canals, and dental cleanings, which will contribute to the growth of the Nitrous Oxide Market.

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Increasing Demand in Medical and Dental Applications

Nitrous oxide is widely used in medical and dental procedures as an anesthetic and analgesic. It provides effective pain relief and sedation, helping patients manage anxiety and discomfort during various treatments and surgeries. Its quick onset and offset of action make it a convenient choice for healthcare professionals. It is administered through inhalation, allowing for precise control over the dosage. The gas is quickly eliminated from the body, minimizing the risk of prolonged sedation or side effects in dental procedures. However, it's important to ensure the safe and appropriate administration of nitrous oxide by trained healthcare professionals to maximize its benefits and minimize potential risks in Nitrous Oxide Market.

Growing Awareness of Environmental Benefits

There is a growing awareness of the environmental benefits associated with nitrous oxide, which can positively impact the nitrous oxide market. Environmental regulations and policies aimed at reducing the use of ozone-depleting substances and greenhouse gases can drive the demand for nitrous oxide. Governments and international agreements such as the Montreal Protocol and the Paris Agreement promote the adoption of environmentally friendly alternatives, which can positively influence Nitrous Oxide Market.

Restrains:

Improper handling and misuse of nitrous oxide can have health risks, such as oxygen deprivation and nerve damage. These concerns may impact the market growth, especially in recreational use or non-medical settings, where misuse is more prevalent. Also, the availability and supply of nitrous oxide can be influenced by factors such as feedstock availability, production capacity, and distribution networks. Any disruptions in the supply chain can affect market growth and pricing stability.

For instance, in 2023, UK Government has launched a consultation on proposed legislation for a ban on retail sales of nitrous oxide. The government implemented the prohibition as part of a larger Anti-Social Behavior Action Plan to punish people who misuse the gas.

Nitrous Oxide Market is segmented based on Product, Application and Region.

Product Insight

On the basis of Product, Nitrous Oxide Market is segmented into Food Grade, Industry Grade, and Medical Grade. Medical Grade Nitrous Oxide is expected to dominate the target market growth as Medical-grade nitrous oxide is used as an analgesic and anesthetic agent in healthcare facilities.

Application Insights

On the basis of Application, Nitrous Oxide Market is segmented into Electronics, Medical, Food and beverages, and Automotive.  Medical are expected to dominate the target market growth as the medical sector is a significant consumer of nitrous oxide and it is commonly employed in dental procedures, labor and delivery and other medical applications requiring pain management.

Regional Insights:

On the basis of region the Nitrous Oxide Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

North America has been a prominent market for nitrous oxide, driven by the presence of a well-established healthcare industry, including dental care, and a strong industrial sector. The demand for nitrous oxide in medical applications, such as dental procedures and anesthesia, has contributed to the region's revenue share. Additionally, the use of nitrous oxide in various industrial applications, including electronics and food and beverage, has further fueled the market growth in this region.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Nitrous Oxide Market report based on Product, Application and Region:

Nitrous Oxide Market, By Product:

• Food Grade
• Industry Grade
• Medical Grade

Nitrous Oxide Market, By Application:

• Electronics
• Medical
• Food and beverages
• Automotive

Nitrous Oxide Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

• Carbide Chemical Limited 
• Praxair Technology, Inc.
• Oxygen & Argon Works Ltd
• Linde Group
• Matheson Tri-Gas, Inc.
• SOL S.p.A.
• MERCK Kommanditgesellschaft auf Aktien
• Air Liquide International S.A.
• Airgas, Inc.
• Ellenbarrie Industrial Gases Ltd.
• Promas Engineers Pvt. Ltd.
• S S Gas Lab Asia Pvt Ltd
• KVK Corporation

• In April 2023, Convatec Group Plc announced that it possesses the 30 Technology Limited anti-infective nitric oxide technology platform, which consists of new commercial assets and research & development. Convatec will investigate how this innovative technology might be used in various business sectors.
• In February 2020, Mike Thermos, the co-founder of NOS and owner of Nitrous Supply launched an inventory of nitrous oxide-related components from Edelbrock. Nitrous oxide kits, accessories, controllers, bottles, jets, nozzles, and more will still be available from Edelbrock.

• Carbide Chemical Limited 
• Praxair Technology, Inc.
• Oxygen & Argon Works Ltd
• Linde Group
• Matheson Tri-Gas, Inc.
• SOL S.p.A.
• MERCK Kommanditgesellschaft auf Aktien
• Air Liquide International S.A.
• Airgas, Inc.
• Ellenbarrie Industrial Gases Ltd.
• Promas Engineers Pvt. Ltd.
• S S Gas Lab Asia Pvt Ltd
• KVK Corporation