Nitrous Oxide Market Size, Share & Trends Analysis Report By Application (Automotive, Medical, Electronics, Food & Beverages, Others), By Region, And Segment Forecasts, 2023 - 2030

Nitrous Oxide Market Size, Share & Trends Analysis Report By Application (Automotive, Medical, Electronics, Food & Beverages, Others), By Region, And Segment Forecasts, 2023 - 2030


Nitrous Oxide Market Growth & Trends


The global nitrous oxide market size is expected to reach USD 2.30 billion by 2030, registering a CAGR of 7.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increasing demand from various industries, especially from the medical sector, is helping the market gain tremendous momentum. In addition, the rising prevalence of chronic diseases and the growing geriatric population in major countries is further fueling the demand over the forecast period.

Nitrous oxide is largely consumed by the medical, automotive, food & beverage, and electronics industries. More than 85.0% of nitrous oxide produced is consumed in the medical sector. It is extensively used as analgesic and anesthetic agent in medical applications. Economies such as the U.S., Germany, France, Japan, China, and India are major destinations for market players owing to the presence of a wide patient base suffering from chronic diseases.

Nitrous oxide is widely used in automotive engines to increase efficiency. It is one of the simplest ways to provide a significant horsepower boost to any gasoline engine. When nitrous oxide is injected into an engine, its molecules break down and release oxygen during combustion to allow the engine to produce more power. The global market is projected to expand significantly in the coming years. In 2016, North America was the largest market for nitrous oxide due to the high prevalence of chronic diseases. Moreover, surging demand from Asia Pacific is anticipated to support the growth of the overall market.

Nitrous Oxide Market Report Highlights

  • The medical segment held the largest revenue share of 87.6% in 2022. Nitrous oxide is extensively used in the medical sector as an anesthetic and analgesic agent in surgical and dentistry procedures. It is commonly used as a single agent for partial sedation in dentistry, mostly in pediatric dental applications.
  • The automotive segment is expected to grow at a CAGR of 7.3% over the forecast period. In modern automobiles, nitrous oxide is used to significantly boost engine power by increasing the oxygen content of the fuel mixture, thus enabling the engine to burn more fuel.
  • Asia Pacific dominated the global market and accounted for the largest revenue share of 35.0% in 2022. The Asia Pacific region includes a wide variety of countries with differing levels of economic development and healthcare infrastructure.
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Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Application
1.1.2. Regional scope
1.1.3. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. GVR’s internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Application outlook
2.2.2. Regional outlook
2.3. Competitive Insights
Chapter 3. Nitrous Oxide Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Value Chain Analysis
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market driver analysis
3.5.2. Market restraint analysis
3.5.3. Industry opportunities & challenges
3.6. Nitrous Oxide Market Analysis Tools
3.6.1. Industry analysis - Porter’s
3.6.1.1. Supplier power
3.6.1.2. Buyer power
3.6.1.3. Substitution threat
3.6.1.4. Threat of new entrant
3.6.1.5. Competitive rivalry
3.6.2. PESTEL analysis
3.6.2.1. Political landscape
3.6.2.2. Technological landscape
3.6.2.3. Economic landscape
3.6.2.4. Social landscape
3.6.2.5. Environmental landscape
3.6.2.6. Legal landscape
Chapter 4. Supplier Portfolio Analysis
4.1. List of Suppliers
4.2. Kraljic Matrix
4.3. Sourcing Best Practices
4.4. Negotiation Strategies
Chapter 5. Nitrous Oxide : Application Estimates & Trend Analysis
5.1. Nitrous Oxide Market: Key Takeaways
5.2. Nitrous Oxide Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Automotive
5.3.1. Automotive market estimates and forecasts, 2018 to 2030 (Kilotons, USD Million)
5.4. Medical
5.4.1. Medical market estimates and forecasts, 2018 to 2030 (Kilotons, USD Million)
5.5. Electronics
5.5.1. Electronics market estimates and forecasts, 2018 to 2030 (Kilotons, USD Million)
5.6. Food & Beverages
5.6.1. Food & beverages market estimates and forecasts, 2018 to 2030 (Kilotons, USD Million)
5.7. Others
5.7.1. Others market estimates and forecasts, 2018 to 2030 (Kilotons, USD Million)
Chapter 6. Nitrous Oxide Market: Regional Estimates & Trend Analysis
6.1. Regional Outlook
6.2. Nitrous Oxide Market by Region: Key Takeaway
6.3. North America
6.3.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilotons, Revenue, USD Million)
6.3.2. U.S.
6.3.2.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilotons, Revenue, USD Million)
6.3.3. Canada
6.3.3.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilotons, Revenue, USD Million)
6.3.4. Mexico
6.3.4.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilotons, Revenue, USD Million)
6.4. Europe
6.4.1. UK
6.4.1.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilotons, Revenue, USD Million)
6.4.2. Germany
6.4.2.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilotons, Revenue, USD Million)
6.4.3. France
6.4.3.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilotons, Revenue, USD Million)
6.4.4. Italy
6.4.4.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilotons, Revenue, USD Million)
6.4.5. Spain
6.4.5.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilotons, Revenue, USD Million)
6.5. Asia Pacific
6.5.1. Japan
6.5.1.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilotons, Revenue, USD Million)
6.5.2. China
6.5.2.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilotons, Revenue, USD Million)
6.5.3. India
6.5.3.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilotons, Revenue, USD Million)
6.5.4. South Korea
6.5.4.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilotons, Revenue, USD Million)
6.6. Central & South America
6.6.1. Brazil
6.6.1.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilotons, Revenue, USD Million)
6.6.2. Argentina
6.6.2.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilotons, Revenue, USD Million)
6.7. MEA
6.7.1. Saudi Arabia
6.7.1.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilotons, Revenue, USD Million)
6.7.2. South Africa
6.7.2.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilotons, Revenue, USD Million)
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Market Participant Categorization
7.2.1. Praxair Technology, Inc.
7.2.1.1. Company overview
7.2.1.2. Financial performance
7.2.1.3. Product benchmarking
7.2.1.4. Strategic initiatives
7.2.2. Chart Industries, Inc.
7.2.2.1. Company overview
7.2.2.2. Financial performance
7.2.2.3. Product benchmarking
7.2.2.4. Strategic initiatives
7.2.3. Linde plc
7.2.3.1. Company overview
7.2.3.2. Financial performance
7.2.3.3. Product benchmarking
7.2.3.4. Strategic initiatives
7.2.4. MATHESON TRI-GAS, INC.
7.2.4.1. Company overview
7.2.4.2. Financial performance
7.2.4.3. Product benchmarking
7.2.4.4. Strategic initiatives
7.2.5. SOL GROUP
7.2.5.1. Company overview
7.2.5.2. Financial performance
7.2.5.3. Product benchmarking
7.2.5.4. Strategic initiatives
7.2.6. Merck KGaA
7.2.6.1. Company overview
7.2.6.2. Financial performance
7.2.6.3. Product benchmarking
7.2.6.4. Strategic initiatives
7.2.7. Air Liquide
7.2.7.1. Company overview
7.2.7.2. Financial performance
7.2.7.3. Product benchmarking
7.2.7.4. Strategic initiatives
7.2.8. Airgas, Inc.
7.2.8.1. Company overview
7.2.8.2. Financial performance
7.2.8.3. Product benchmarking
7.2.8.4. Strategic initiatives
7.2.9. Ellenbarrie Industrial Gases
7.2.9.1. Company overview
7.2.9.2. Financial performance
7.2.9.3. Product benchmarking
7.2.9.4. Strategic initiatives

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