Global Nitrous Oxide Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Nitrous Oxide Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Nitrous oxide is a very common inhalational anesthetic that offers analgesia, anxiolysis, and sometimes amnesia. It’s a colorless, non-flammable gas with a slightly sweet taste. Due to its euphoric and hysterical effects, the substance is also called “laughing gas.” It’s been a recreational drug since the late 1700s and is currently one of the most common inhalants.

Market Overview:

The latest research study on the global Nitrous Oxide market finds that the global Nitrous Oxide market reached a value of USD 1098.63 million in 2022. It’s expected that the market will achieve USD 1538.45 million by 2028, exhibiting a CAGR of 5.77% during the forecast period.

Drivers

Because of the poor effect of general anesthesia, it is often used in combination with halothane, methoxyflurane, ether or intravenous general anesthesia. It's less used in the contemporary surgery. Nitrous oxide used in anesthesia, no irritation to the respiratory tract, no damage to the heart, lung, liver, kidney and other important organ functions. Without any bioconversion or degradation in vivo, most of them are still expelled from the body with the expiration of the original drug, only a small amount of evaporation from the skin, without accumulation effect. Inhalation only takes 30 to 40 seconds to produce analgesic effect. The analgesic effect is strong and the anesthetic effect is weak. The patient is awake (not anesthetized), avoiding complications of general anesthesia and recovering quickly after operation. Nitrous oxide is also often used by medical staff for emergency room treatment.

Limitations


Nitrous oxide can inhibit the body's absorption of vitamin B12 for a long time, lack of vitamin B12, will gradually appear numbness of hands and feet, limb weakness and other symptoms, in severe cases, it will cause irreversible damage to the nervous system. Laughter will cause hypoxia after entering the bloodstream. Long-term use of nitrous oxide can cause problems such as high blood pressure, syncope, and heart attack.

Region Overview:

From 2023-2028, Europe is estimated to witness robust growth prospects.

Company Overview:

Linde plc is one of the major players operating in the Nitrous Oxide market, holding a share of 10.83% in 2019.

Linde plc operates as an industrial gas company in primarily North and South America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. It also designs and constructs turnkey process plants, such as olefin, natural gas, air separation, and hydrogen and synthesis gas plants. In addition, the company supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders for aircraft, energy, printing, primary metals, petrochemical, textile, and other industries; and manufactures a line of electric arc, plasma and wire spray, and high-velocity oxy-fuel equipment.

Air Liquide provides gases, technologies, and services for industrial and health sectors in Europe, the Americas, the Asia Pacific, and the Middle East and Africa. Its Gas & Services segment offers oxygen, nitrogen, argon, hydrogen, and carbon monoxide to the metals, chemicals, refining, and energy industries; and gas solutions, such as industrial gases, welding equipment, application and safety equipment, and related services to materials and energy, automotive and manufacturing, food and pharmaceuticals, technology and research, and professionals and retail markets. It also produces and distributes medical gases, services, medical devices, and hygiene products to hospitals and homecare patients, as well as develops therapeutic gases for resuscitation and pain relief. In addition, this segment produces and distributes healthcare specialty ingredients for the cosmetics, pharmaceutical, and vaccine markets.

Segmentation Overview:

Among different product types, Medical Grade segment is anticipated to contribute the largest market share in 2028.

Key Companies in the global Nitrous Oxide market covered in Chapter 3:

Alex
Air Products
SOL Spa
Praxair
Air Liquide
Matheson Gas
Linde Group
Messer

In Chapter 4 and Chapter 14.2, on the basis of types, the Nitrous Oxide market from 2018 to 2029 is primarily split into:

Food Grade
Medical Grade
Industrial Grade

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Nitrous Oxide market from 2018 to 2029 covers:

Food Industry
Medical Industry
Santific Research
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)