USD 1.27 billion
Nitrous Oxide Market Size, Share, Growth Analysis, By Product (Gas, Liquid), By Grade(A Food-grade nitrous oxide, Medical-grade nitrous oxide), By Purity(Up To 98.0%, Above 98.0%), By Application (Automotive, Medical), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15A2304 |
Region:
Global |
Published Date: November, 2024
Pages:
251
|Tables:
38
|Figures:
74
Nitrous Oxide Market Insights
Nitrous Oxide Market size was valued at USD 1.3 Billion in 2023 and is poised to grow from USD 1.39 Billion in 2024 to USD 2.47 Billion by 2032, growing at a CAGR of 7.2% during the forecast period (2025-2032).
Nitrous oxide, sometimes known as laughing gas, is a common substance used in both medical and non-medical settings. It is a colorless, non-flammable gas with a mildly pleasant odor. The electronics industry, food manufacturing, and racing vehicles are a few examples of non-medical end uses. It is frequently used as an analgesic and anesthetic in surgical and dental treatments in the medical field. It has good euphoric effects when inhaled, and because of this feature, it is sometimes used recreationally as a dissociative anesthetic.
The main trend driving market expansion is anticipated to be the rising demand from various industries, including the automotive, electronics, medical, and food and beverage sectors. As a result of the high prevalence of chronic diseases and the growing elderly population in important nations like China and India, significant demand from Asia Pacific is also helping the global market. Nitrous oxide use in the medical field has a negligible environmental impact. Only 1% of the nitrogen oxide produced into the atmosphere is used for medical purposes, yet it is responsible for 5% of all greenhouse impacts. Nitrous oxide used for medical purposes makes up 0.05% of all gas emissions that have an impact on the environment worldwide.
US Nitrous Oxide Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Medical
Fastest Growth
Medical
Growth Rate
7.2% CAGR
Global Nitrous Oxide Market ($ Bn)
Country Share for North America Region (%)
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Nitrous Oxide Market Segmental Analysis
Global Nitrous Oxide Market is segmented by Product, Grade, Purity, Application and region. Based on Product, the market is segmented into Gas, Liquid. Based on Grade, the market is segmented into A Food-grade nitrous oxide, Medical-grade nitrous oxide, Industrial-grade nitrous oxide, Electronic-grade nitrous oxide. Based on Purity, the market is segmented into Up To 98.0%, Above 98.0%. Based on application, the market is segmented into Automotive, Medical, Electronics, Food & Beverages, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Nitrous Oxide Market Analysis by Application
Based on the application, the market is segmented into medical, electronics, automotive, food & beverage, and others. Among these, the medical and automotive segment is projected to hold lucrative market shares. The medical industry accounted for the largest section and is predicted that the trend will hold throughout the projected year. In the medical industry, nitrous oxide is used between 85 and 90% of the time. It is widely used as an anesthetic and painkiller in surgical and dental operations in the medical field. It is frequently used in dentistry, mainly in pediatric dental applications, as a single agent for partial sedation. It is projected that the segment would rise as a result of the world's ageing population and the rising prevalence of dental issues.
Over the forecast period, it is anticipated that the automotive segment would rise strongly. Nitrous oxide is utilized in contemporary automobiles to considerably increase engine power by raising the oxygen concentration of the fuel mixture, allowing the engine to burn more fuel. Trucks, motorbikes, snowmobiles, all-terrain vehicles, and cars are among the vehicles that commonly have nitrous oxide systems installed. However, even within Europe, there are differences in the laws governing the use of nitrous oxide in motor vehicles.
Global Nitrous Oxide Market By Application
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Nitrous Oxide Market Regional Insights
In 2021, North America region is expected to have the biggest share of the market. Over the forecast period, the region is positioned to present enormous potential. A contributing factor to the expansion of the regional market is the rising prevalence of chronic diseases such cancer, type 2 diabetes, stroke, heart disease, obesity, and arthritis. It serves as a gas carrier for generating potent general anesthesia. With production sites in Pensacola and Maitland in Florida, Ontario, Canada, and Mississippi, Airgas, a significant manufacturer and supplier, has a significant presence in North America.
Followed by North American region, Europe accounted for the second-largest growing region. Chronic diseases are the major causes of mortality and morbidity in Europe. Most of the aging population suffers from chronic diseases. In recent times, with an increase in income and sedentary lifestyles, young and middle-aged are also being diagnosed chronic diseases. These factors are projected to bolster the demand for nitrous oxide in the region.
Global Nitrous Oxide Market By Region
- Largest
- Fastest
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Nitrous Oxide Market Dynamics
Nitrous Oxide Market Driver
- Growing Geriatric Population and Rise in Incidences of Chronic Diseases to Drive Market
Nitrous oxide is a colorless, odorless gas that is non-flammable. While nitrous oxide is not flammable, it will aid in combustion in the same way that oxygen does. It induces euphoria, which explains its nickname "laughing gas." Nitrous oxide has minimal effects on respiration and hemodynamics when compared to other anesthetic agents. It cannot be used as a sole anesthetic and is frequently combined with a more potent and volatile anesthetic. Nitrous oxide is a useful adjunct because of its analgesic and anesthetic properties. This activity describes the indications, mechanism of action, methods of administration, significant adverse effects, contraindications, monitoring, and toxicity of nitrous oxide so that providers can direct patient therapy to achieve the best possible outcomes in anesthesia and other conditions where it has therapeutic benefits are some of the major factors driving the demand of Nitrous Oxide during the analysis period.
- Increased Nitrous Oxide use in Food & Beverage Industry
Food-grade Nitrous Oxide is a nitrous oxide used in the food industry and thus has the appropriate quality. This is because nitrous oxide has been purified and has a purity level of 99.7%. Nitrous oxide (Nitrous Oxide) in food grade is used in whipped cream chargers, among other things. In addition to this benefit, nitrous oxide (Nitrous Oxide) has antibacterial properties, making it useful in the food industry. As a result, the whipped cream can be stored in the refrigerator for up to 10 days. Another advantage is that the same amount of cream combined with nitrous oxide (Nitrous Oxide) increases the total volume by four times. The nitrous oxide gas is also known by its E-number: E942. This is because it is used as a substitute for Freon. Freon was originally used in refrigerators and spray cans, but it is no longer permitted because it can damage the ozone layer. This is driving the demand for Feron substitutes in the industry and Nitrous Oxide is made for the perfect substitute because of its properties. These are some of the major factors driving the demand for Nitrous Oxide in the food &beverage industry during the analysis period.
Nitrous Oxide Market Restraint
- Risks and Uncertainties with New Production Innovation
Investments in the development of new methods for nitrous oxide production may involve significant risks and uncertainties. These could include technical challenges, regulatory hurdles, and market risks, such as changes in demand for nitrous oxide or shifts in economic conditions. It is important for investors to carefully evaluate the potential risks and rewards of investing in the development of new methods for nitrous oxide production.
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Nitrous Oxide Market Competitive Landscape
The market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions.
Nitrous Oxide Market Top Player’s Company Profiles
- The Linde Group
- Air Liquide S.A
- Air Products and Chemicals, Inc.:
- Praxair Technology, Inc.
- Matheson Tri-Gas, Inc.
- WIKIPEDIA
- Messer Group GmbH
- SOL Spa
- Taiyo Nippon Sanso Corporation
- Iceblick Ltd.
- Ellenbarrie Industrial Gases Ltd.
- INOX Air Products:
- WIKIPEDIA
- Airgas, Inc.
- IGL Blue Jamaica
- BASF AB
- Sniper
- Starlite
- Galaxy Gas
- Messer
Nitrous Oxide Market Recent Developments
- In December 2022, Merck KGaA announced that it acquired the US-based Erbi Biosystems. This will add to the company’s expertise in monoclonal antibody (mAb) process development.
- In December 2022, Merck announced a research collaboration and commercial license agreement with Cambridge, Massachusetts-based Mersana Therapeutics, Inc. Mersana's immunosynthetic platform for ADCs with a STING agonist as the coupled drug is being used to investigate novel antibody-drug conjugates (ADCs) addressing up to two pharmacological targets (targets).
Nitrous Oxide Key Market Trends
- Adoption of Nitrous Oxide use in Electronic Manufacturing
Nitrous oxide (Nitrous Oxide), also known as laughing gas, is a high-tech thin film material used in the semiconductor and LCD display manufacturing industries. The reaction with silane (SiH4) or other silicon precursors produces high quality oxide films (SiOx), which are used as electrical insulators in microelectronic transistors. Nitrous oxide is increasingly being used in the production of thin-film oxides with other elements such as titanium, aluminum, magnesium, indium, and zirconium, as well as in the selective etching of semiconductor thin films. Nitrous Oxide, a colorless, non-flammable gas at room temperature with a slightly sweet odor and taste, is an oxidizer that, like oxygen, can support combustion. It is a high-purity electronic material derived from the thermal decomposition of ammonium nitrate.
Nitrous Oxide Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, Global Nitrous Oxide market is segmented on the basis of application and region. Based on the application, the medical segment is projected to hold the most substantial share in the market. Based on the region, the Asia-Pacific region is projected to hold the market share.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.27 billion |
| Market size value in 2031 | USD 2.3 billion |
| Growth Rate | 7.2% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Nitrous Oxide Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Nitrous Oxide Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Nitrous Oxide Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Nitrous Oxide Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Nitrous Oxide Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Nitrous Oxide Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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