Global Nitrous Oxide Market By Overview
Nitrous Oxide Market was valued at US$ 1093.4 Billion in 2024 and is projected to grow at a CAGR of 6.70% to reach US$ 1978.2 Billion by 2034.
[PDF] 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 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.
Global Nitrous Oxide Market By Dynamics
Drivers and Restrains:
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.
Global Nitrous Oxide Market By Segmentation
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:
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
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:
|
Attribute |
Details |
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Base year for estimation |
2023 |
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Forecast period |
2024 – 2034 |
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Market representation |
Revenue in USD Billion & CAGR from 2024 to 2034 |
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Market Segmentation |
By Product - Food Grade, Industry Grade, and Medical Grade By Application - Electronics, Medical, Food and beverages, and Automotive |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
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:
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-
- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Nitrous Oxide Market By Key Players
The key players operating the Nitrous Oxide Market includes, 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, and Carbide Chemical Limited
Global Nitrous Oxide Market By Key Issues Addressed
Recent Development:
- 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.
Global Nitrous Oxide Market By Company Profile
- Carbide Chemical Limited *
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- 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
“*” marked represents similar segmentation in other categories in the respective section
Global Nitrous Oxide Market By Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- Product Launch
- Recent Approvals
- Impact Analysis
- PEST Analysis
- Porter’s Analysis
- Market Dynamics
- Global Nitrous Oxide Market, By Product Type, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Food Grade
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Industry Grade
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Medical Grade
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Nitrous Oxide Market, By Application, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Electronics
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Medical
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Food and beverages
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Automotive
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Nitrous Oxide Market, By Region, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Product Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Product Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Switzerland
- Sweden
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Product Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- China
- India
- Australia & New Zealand
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Product Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Brazil
- Mexico
- Argentina and Chile
- Rest of Latin America
- Middle East
- Market Size and Forecast (US$ Mn), By Product Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- GCC
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast (US$ Mn), By Product Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- South Africa
- Central Africa
- North Africa
- Overview
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- Praxair Technology, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
- Oxygen & Argon Works Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
- Linde Group
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
- Matheson Tri-Gas, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
- SOL S.p.A.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
- MERCK Kommanditgesellschaft auf Aktien
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
- Air Liquide International S.A.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
- Airgas, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
- Ellenbarrie Industrial Gases Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
- Promas Engineers Pvt. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
- S S Gas Lab Asia Pvt Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
- KVK Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
- Carbide Chemical Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
- Praxair Technology, Inc.
- Analyst Views
- Section
- Research Methodology
- About Us
- Contact
FAQs
The Nitrous Oxide Market is segmented into Pet Type, Function Type, Ingredients and Region.
Nitrous Oxide Market was valued at US$ 1093.4 Billion in 2024 and is projected to grow at a CAGR of 6.70% to reach US$ 1978.2 Billion by 2034.
By region, the Nitrous Oxide market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific market is estimated to witness a significantly high revenue share over the forecast period.
The key players operating the Nitrous Oxide Market includes, 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 and Carbide Chemical Limited.
Nitrous Oxide Market accounted for US$ 962 million in 2022 and is estimated to be US$ 1,924 million by 2032 and is anticipated to register a CAGR of 6.8%.