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

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    Report

  • 77 Pages
  • October 2023
  • Region: Global
  • Grand View Research
  • ID: 5899561
Description Jump to:
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. 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.

Table of Contents

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. 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
List of Tables
Table 1 List of abbreviation
Table 2 North America nitrous oxide market, by application, 2018-2030 (Kilotons, USD Million)
Table 3 North America nitrous oxide market, by region, 2018-2030 (Kilotons, USD Million)
Table 4 U.S. nitrous oxide market, by application, 2018-2030 (Kilotons, USD Million)
Table 5 Canada nitrous oxide market, by application, 2018-2030 (Kilotons, USD Million)
Table 6 Mexico nitrous oxide market, by application, 2018-2030 (Kilotons, USD Million)
Table 7 Europe nitrous oxide market, by application, 2018-2030 (Kilotons, USD Million)
Table 8 Europe nitrous oxide market, by region, 2018-2030 (Kilotons, USD Million)
Table 9 Germany nitrous oxide market, by application, 2018-2030 (Kilotons, USD Million)
Table 10 UK nitrous oxide market, by application, 2018-2030 (Kilotons, USD Million)
Table 11 France nitrous oxide market, by application, 2018-2030 (Kilotons, USD Million)
Table 12 Italy nitrous oxide market, by application, 2018-2030 (Kilotons, USD Million)
Table 13 Spain nitrous oxide market, by application, 2018-2030 (Kilotons, USD Million)
Table 14 Asia Pacific nitrous oxide market, by application, 2018-2030 (Kilotons, USD Million)
Table 15 Asia Pacific nitrous oxide market, by region, 2018-2030 (Kilotons, USD Million)
Table 16 China nitrous oxide market, by application, 2018-2030 (Kilotons, USD Million)
Table 17 Japan nitrous oxide market, by application, 2018-2030 (Kilotons, USD Million)
Table 18 India nitrous oxide market, by application, 2018-2030 (Kilotons, USD Million)
Table 19 South Korea nitrous oxide market, by application, 2018-2030 (Kilotons, USD Million)
Table 20 Central & South America nitrous oxide market, by application, 2018-2030 (Kilotons, USD Million)
Table 21 Central & South America nitrous oxide market, by region, 2018-2030 (Kilotons, USD Million)
Table 22 Brazil nitrous oxide market, by application, 2018-2030 (Kilotons, USD Million)
Table 23 Argentina nitrous oxide market, by application, 2018-2030 (Kilotons, USD Million)
Table 24 Middle East and Africa nitrous oxide market, by application, 2018-2030 (Kilotons, USD Million)
Table 25 Middle East and Africa nitrous oxide market, by region, 2018-2030 (Kilotons, USD Million)
Table 26 South Africa nitrous oxide market, by application, 2018-2030 (Kilotons, USD Million)
Table 27 Saudi Arabia nitrous oxide market, by application, 2018-2030 (Kilotons, USD Million)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Nitrous oxide: Market outlook
Fig. 9 Nitrous oxide: Competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 Nitrous oxide market driver impact
Fig. 15 Nitrous oxide market restraint impact
Fig. 16 Nitrous oxide market strategic initiatives analysis
Fig. 17 Nitrous oxide market: Application movement analysis
Fig. 18 Nitrous oxide market: Application outlook and key takeaways
Fig. 19 Automotive market estimates and forecasts, 2018-2030
Fig. 20 Medical market estimates and forecasts, 2018-2030
Fig. 21 Electronics market estimates and forecasts, 2018-2030
Fig. 22 Food & beverages market estimates and forecasts, 2018-2030
Fig. 23 Others market estimates and forecasts, 2018-2030
Fig. 24 Global nitrous oxide market: Regional movement analysis
Fig. 25 Global nitrous oxide market: Regional outlook and key takeaways
Fig. 26 North America market estimates and forecasts, 2018-2030
Fig. 27 U.S. market estimates and forecasts, 2018-2030
Fig. 28 Canada market estimates and forecasts, 2018-2030
Fig. 29 Mexico market estimates and forecasts, 2018-2030
Fig. 30 Europe market estimates and forecasts, 2018-2030
Fig. 31 UK market estimates and forecasts, 2018-2030
Fig. 32 Germany market estimates and forecasts, 2018-2030
Fig. 33 France market estimates and forecasts, 2018-2030
Fig. 34 Italy market estimates and forecasts, 2018-2030
Fig. 35 Spain market estimates and forecasts, 2018-2030
Fig. 36 Asia Pacific market estimates and forecasts, 2018-2030
Fig. 37 Japan market estimates and forecasts, 2018-2030
Fig. 38 China market estimates and forecasts, 2018-2030
Fig. 39 India market estimates and forecasts, 2018-2030
Fig. 40 South Korea market estimates and forecasts, 2018-2030
Fig. 41 Central & South America market estimates and forecasts, 2018-2030
Fig. 42 Brazil market estimates and forecasts, 2018-2030
Fig. 43 Argentina market estimates and forecasts, 2018-2030
Fig. 44 Middle East and Africa. market estimates and forecasts, 2018-2030
Fig. 45 Saudi Arabia market estimates and forecasts, 2018-2030
Fig. 46 South Africa market estimates and forecasts, 2018-2030

Companies Mentioned

  • Praxair Technology, Inc.
  • Chart Industries, Inc.
  • Linde plc
  • MATHESON TRI-GAS, INC.
  • SOL GROUP
  • Merck KGaA
  • Air Liquide
  • Airgas, Inc.
  • Ellenbarrie Industrial Gases

Table Information

Report AttributeDetails
No. of Pages77
PublishedOctober 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 1.3 Billion
Forecasted Market Value ( USD ) by 2030 $ 2.3 Billion
Compound Annual Growth Rate7.9%
Regions CoveredGlobal
No. of Companies Mentioned9

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