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The global market for nitrous oxide had a value of USD 1.18 billion in 2022 and is expected to increase to USD 3 billion by 2030, expanding at a CAGR of 8.1% between 2023 and 2030.
Laughing gas, or nitrous oxide, has several applications outside of the medical field. It's a colorless, odorless gas that doesn't burn. Uses outside of medicine include the production of electronics and food and racing cars. As an anesthetic and pain reliever, it has widespread application in the medical and dentistry fields. Inhaling it produces strong euphoric effects, making it a popular dissociative anesthetic for recreational usage.
Rising demand from a wide range of industries, such as the automotive, electronics, medical, and food and beverage ones, is expected to be the primary trend driving market expansion. Significant demand from Asia Pacific is also supporting the global market as a result of the high prevalence of chronic diseases and the expanding older population in key nations like China and India. The effects of medicinal use of nitrous oxide on the environment are minimal. Nitrogen oxide accounts for only 1% of all greenhouse gas emissions but is responsible for 5% of all medical uses. The percentage of all greenhouse gas emissions caused by medical nitrous oxide use is only 0.05 percent.
Evaluation Through Use
The medical, electronic, automotive, food & beverage, and other end-use industries are the primary divisions of the market. Profitable market shares are expected to be held by the medical and automobile sectors. This trend is expected to continue throughout the forecasted year, with the medical sector accounting for the biggest share. Around 90% of medical facilities make use of nitrous oxide. Its anesthetic and painkilling properties have made it indispensable in the fields of surgery and dentistry. It is commonly used as a single agent for partial sedation in dentistry, especially in pediatric dental applications. As the global population ages and more people experience dental problems, it is expected that this market sector would grow.
It is expected that the automobile industry would see significant growth over the projection period. Modern cars use nitrous oxide to significantly boost engine power by increasing the oxygen content of the fuel mixture and therefore allowing the engine to burn more fuel. Common vehicles with nitrous oxide systems include trucks, motorcycles, snowmobiles, ATVs, and cars. However, the regulations regarding the usage of nitrous oxide in automobiles vary from country to country, even within Europe.
Driver
Market Will Be Fueled By An Aging Population And An Increase In The Prevalence Of Chronic Diseases.
The gas nitrous oxide has no taste or smell and cannot catch fire. Nitric oxide is not combustible on its own, but it contributes to combustion much like oxygen does. As a result of its euphoric effects, it is commonly referred to as "laughing gas." When compared to other anesthetics, nitrous oxide's effects on breathing and blood pressure are rather minor. It is not strong enough to be used alone, thus it is typically mixed with a stronger, more flammable anesthetic. The analgesic and sedative effects of nitrous oxide make it a valuable adjuvant. Some of the most important factors driving demand for Nitrous Oxide during the analysis period are activities describing the indications, mechanism of action, methods of administration, significant adverse effects, contraindications, monitoring, and toxicity of nitrous oxide, which allow providers to direct patient therapy to achieve the best possible outcomes in anesthesia and other conditions where it has therapeutic benefits.
The Food and Beverage Industry's Increasing N2O Use.
Food-grade The quality of Nitrous Oxide, a kind of nitrous oxide utilized in the food sector, is just right. This is due to the fact that after purification, nitrous oxide is 99.7 percent pure. Food-grade nitrous oxide (Nitrous Oxide) finds a variety of applications, one of which is in whipped cream chargers. In addition to this perk, the food business can benefit from nitrous oxide (Nitrous Oxide) because of its antimicrobial qualities. Therefore, the whipped cream has a shelf life of up to 10 days when refrigerated. The use of nitrous oxide (Nitrous Oxide) quadruples the volume of the cream, which is an additional perk. The E-number for nitrous oxide gas is 942. This is so because it can be substituted for Freon in air conditioners. Because of its harmful effects on the ozone layer, the use of Freon in appliances like refrigerators and aerosol spray cans has been banned. Because of this, there is a high need for alternatives to Feron, and Nitrous Oxide is a natural fit due to its similar qualities. During the analyzed period, these are some of the most influential forces pushing the food and beverage sector to increase its use of nitrogen oxide.
Restraint
Uncertainty and Danger in Cutting Edge Production Technology
There could be a lot of unknowns and risks associated with spending money on finding new ways to produce nitrous oxide. Market risks include things like fluctuating nitrous oxide demand and economic upheaval, while technological difficulties and regulatory roadblocks are also possible obstacles. Investors need to weigh the benefits and drawbacks of supporting research into novel N2O manufacturing technologies before making any commitments.
Influential Patterns in the Market
Laughing gas, or nitrous oxide (Nitrous Oxide), is actually a cutting-edge thin film material utilized in the semiconductor and LCD display sectors. Oxide films (SiOx) of excellent quality are created via reaction with silane (SiH4) or other silicon precursors; these films serve as electrical insulators in microelectronic devices. Nitrous oxide is being utilized more and more for selective etching of semiconductor thin films and in the creation of thin-film oxides with additional elements as titanium, aluminum, magnesium, indium, and zirconium. Like oxygen, nitrous oxide (a colorless, odorless, tasteless gas at normal temperature) is an oxidizer that can fuel burning. The heat breakdown of ammonium nitrate produces this extremely pure electrical substance.
Report Coverage
Global Nitrous Oxide research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Nitrous Oxide report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Nitrous Oxide competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Nitrous Oxide market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Nitrous Oxide market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Nitrous Oxide market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
The Linde Group, Air Liquide S.A., Air Products and Chemicals, Inc., Praxair Technology, Inc., Matheson Tri-Gas, Inc., Messer Group GmbH, SOL Spa, Taiyo Nippon Sanso Corporation, Iceblick Ltd, Ellenbarrie Industrial Gases Ltd., AK Scientific, Inc., Promas Engineers Pvt. Ltd., Gujarat Fluorochemicals Limited, Universal Industrial Gases, Inc., Sinopec Group, Emirates Industrial Gases Co. LLC, Nippon Steel Engineering Co., Ltd., Shaanxi Aerospace Power Hi-tech Co., Ltd., Airgas, Inc., NORCO, Inc.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Nitrous Oxide market based on the below-mentioned segments:
Global Nitrous Oxide market, By Application
Medical
Electronics
Automotive
Food & Beverage
Others
Global Nitrous Oxide market, Regional Analysis
Laughing gas, or nitrous oxide, has several applications outside of the medical field. It's a colorless, odorless gas that doesn't burn. Uses outside of medicine include the production of electronics and food and racing cars. As an anesthetic and pain reliever, it has widespread application in the medical and dentistry fields. Inhaling it produces strong euphoric effects, making it a popular dissociative anesthetic for recreational usage.
Rising demand from a wide range of industries, such as the automotive, electronics, medical, and food and beverage ones, is expected to be the primary trend driving market expansion. Significant demand from Asia Pacific is also supporting the global market as a result of the high prevalence of chronic diseases and the expanding older population in key nations like China and India. The effects of medicinal use of nitrous oxide on the environment are minimal. Nitrogen oxide accounts for only 1% of all greenhouse gas emissions but is responsible for 5% of all medical uses. The percentage of all greenhouse gas emissions caused by medical nitrous oxide use is only 0.05 percent.
Evaluation Through Use
The medical, electronic, automotive, food & beverage, and other end-use industries are the primary divisions of the market. Profitable market shares are expected to be held by the medical and automobile sectors. This trend is expected to continue throughout the forecasted year, with the medical sector accounting for the biggest share. Around 90% of medical facilities make use of nitrous oxide. Its anesthetic and painkilling properties have made it indispensable in the fields of surgery and dentistry. It is commonly used as a single agent for partial sedation in dentistry, especially in pediatric dental applications. As the global population ages and more people experience dental problems, it is expected that this market sector would grow.
It is expected that the automobile industry would see significant growth over the projection period. Modern cars use nitrous oxide to significantly boost engine power by increasing the oxygen content of the fuel mixture and therefore allowing the engine to burn more fuel. Common vehicles with nitrous oxide systems include trucks, motorcycles, snowmobiles, ATVs, and cars. However, the regulations regarding the usage of nitrous oxide in automobiles vary from country to country, even within Europe.
Driver
Market Will Be Fueled By An Aging Population And An Increase In The Prevalence Of Chronic Diseases.
The gas nitrous oxide has no taste or smell and cannot catch fire. Nitric oxide is not combustible on its own, but it contributes to combustion much like oxygen does. As a result of its euphoric effects, it is commonly referred to as "laughing gas." When compared to other anesthetics, nitrous oxide's effects on breathing and blood pressure are rather minor. It is not strong enough to be used alone, thus it is typically mixed with a stronger, more flammable anesthetic. The analgesic and sedative effects of nitrous oxide make it a valuable adjuvant. Some of the most important factors driving demand for Nitrous Oxide during the analysis period are activities describing the indications, mechanism of action, methods of administration, significant adverse effects, contraindications, monitoring, and toxicity of nitrous oxide, which allow providers to direct patient therapy to achieve the best possible outcomes in anesthesia and other conditions where it has therapeutic benefits.
The Food and Beverage Industry's Increasing N2O Use.
Food-grade The quality of Nitrous Oxide, a kind of nitrous oxide utilized in the food sector, is just right. This is due to the fact that after purification, nitrous oxide is 99.7 percent pure. Food-grade nitrous oxide (Nitrous Oxide) finds a variety of applications, one of which is in whipped cream chargers. In addition to this perk, the food business can benefit from nitrous oxide (Nitrous Oxide) because of its antimicrobial qualities. Therefore, the whipped cream has a shelf life of up to 10 days when refrigerated. The use of nitrous oxide (Nitrous Oxide) quadruples the volume of the cream, which is an additional perk. The E-number for nitrous oxide gas is 942. This is so because it can be substituted for Freon in air conditioners. Because of its harmful effects on the ozone layer, the use of Freon in appliances like refrigerators and aerosol spray cans has been banned. Because of this, there is a high need for alternatives to Feron, and Nitrous Oxide is a natural fit due to its similar qualities. During the analyzed period, these are some of the most influential forces pushing the food and beverage sector to increase its use of nitrogen oxide.
Restraint
Uncertainty and Danger in Cutting Edge Production Technology
There could be a lot of unknowns and risks associated with spending money on finding new ways to produce nitrous oxide. Market risks include things like fluctuating nitrous oxide demand and economic upheaval, while technological difficulties and regulatory roadblocks are also possible obstacles. Investors need to weigh the benefits and drawbacks of supporting research into novel N2O manufacturing technologies before making any commitments.
Influential Patterns in the Market
Laughing gas, or nitrous oxide (Nitrous Oxide), is actually a cutting-edge thin film material utilized in the semiconductor and LCD display sectors. Oxide films (SiOx) of excellent quality are created via reaction with silane (SiH4) or other silicon precursors; these films serve as electrical insulators in microelectronic devices. Nitrous oxide is being utilized more and more for selective etching of semiconductor thin films and in the creation of thin-film oxides with additional elements as titanium, aluminum, magnesium, indium, and zirconium. Like oxygen, nitrous oxide (a colorless, odorless, tasteless gas at normal temperature) is an oxidizer that can fuel burning. The heat breakdown of ammonium nitrate produces this extremely pure electrical substance.
Report Coverage
Global Nitrous Oxide research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Nitrous Oxide report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Nitrous Oxide competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Nitrous Oxide market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | The Linde Group, Air Liquide S.A., Air Products and Chemicals, Inc., Praxair Technology, Inc., Matheson Tri-Gas, Inc., Messer Group GmbH, SOL Spa, Taiyo Nippon Sanso Corporation, Iceblick Ltd, Ellenbarrie Industrial Gases Ltd., AK Scientific, Inc., Promas Engineers Pvt. Ltd., Gujarat Fluorochemicals Limited, Universal Industrial Gases, Inc., Sinopec Group, Emirates Industrial Gases Co. LLC, Nippon Steel Engineering Co., Ltd., Shaanxi Aerospace Power Hi-tech Co., Ltd., Airgas, Inc., NORCO, Inc. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Nitrous Oxide Market from 2021 to 2030.
- Market Forecast for Nitrous Oxide Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Nitrous Oxide competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Nitrous Oxide
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Nitrous Oxide market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Nitrous Oxide market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
The Linde Group, Air Liquide S.A., Air Products and Chemicals, Inc., Praxair Technology, Inc., Matheson Tri-Gas, Inc., Messer Group GmbH, SOL Spa, Taiyo Nippon Sanso Corporation, Iceblick Ltd, Ellenbarrie Industrial Gases Ltd., AK Scientific, Inc., Promas Engineers Pvt. Ltd., Gujarat Fluorochemicals Limited, Universal Industrial Gases, Inc., Sinopec Group, Emirates Industrial Gases Co. LLC, Nippon Steel Engineering Co., Ltd., Shaanxi Aerospace Power Hi-tech Co., Ltd., Airgas, Inc., NORCO, Inc.
Primary Target Market
- Market Players of Nitrous Oxide
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Nitrous Oxide market based on the below-mentioned segments:
Global Nitrous Oxide market, By Application
Medical
Electronics
Automotive
Food & Beverage
Others
Global Nitrous Oxide market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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