Global Nitrous Oxide Market Size, Share & Industry Trends Analysis Report By Application (Medical, Automotive, Electronics, Food & Beverages, and Others), By Regional Outlook and Forecast, 2023 - 2030

The Global Nitrous Oxide Market size is expected to reach $2.0 billion by 2030, rising at a market growth of 7.6% CAGR during the forecast period. In the year 2022, the market attained a volume of 5,217.18 Hundred Tonnes, experiencing a growth of 5.0% (2019-2022).

Chefs use nitrous oxide to introduce novel textures, foams, and airs in dishes, providing a sensory experience beyond traditional cooking methods. Therefore, the Food Beverages segment captured $46.12 million revenue in the market in 2020. Its properties allow chefs to control the temperature during food preparation. For instance, it can be a versatile tool when creating hot foams or cold infusions. The use of this in culinary applications contributes to creativity and improves efficiency in food production. It enables chefs to create complex textures and presentations with relative ease. Some of the factors impacting the market are Medical and dental applications of nitrous oxide, rising applications in the automotive industry, and environmental concerns associated with nitrous oxide.

It is used as an inhalation anesthetic in medical and dental procedures. It has both sedative and analgesic (pain-relieving) effects, making it suitable for various applications requiring mild anesthesia. In dental clinics, it is frequently used to help patients relax during procedures. It is often administered in combination with other local anesthetics to enhance the overall patient experience and reduce anxiety. It is a specialty gas in Chemical Vapor Deposition (CVD) processes. CVD is a key technique in semiconductor manufacturing, where thin films of various materials are deposited onto a substrate to create electronic components. Using it in CVD processes allows precise control over the temperature conditions during deposition. This is crucial for achieving the desired film quality and characteristics. It can be involved in certain etching processes, contributing to removing specific layers or materials from the semiconductor wafer. This step is essential for defining the pattern and structure of the electronic components. These aspects will help in the expansion of the market.

However, Nitrous oxide (N2O) is a potent greenhouse gas with a global warming potential significantly higher than carbon dioxide (CO2). Its atmospheric presence contributes to the greenhouse effect, trapping heat and leading to climate change. A major source of its emissions is from agricultural activities, particularly using nitrogen-based fertilizers. Some regulatory frameworks involve carbon sectors where companies can trade emissions credits. Nitrous oxide reduction projects, such as those focused on improving agricultural practices, can generate carbon offsets, providing an economic incentive for emission reduction. These factors are expected to restrain the growth of the market.

Application Outlook

Based on application, the market is divided into automotive, medical, electronics, food beverages, and others. The medical segment recorded the maximum revenue share in the market in 2022. The acceptance of this as an anesthetic and analgesic agent has grown among both healthcare professionals and patients. Its ease of administration and relatively low side-effect profile contribute to its increasing adoption. It is often used in pediatric settings, where its rapid onset and offset, as well as the ability to titrate the dosage, make it a suitable option for managing anxiety and pain in children.

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Regional Outlook

By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment procured the highest revenue share in the market in 2022. The Asia Pacific region has been experiencing significant growth in healthcare infrastructure. This is commonly used in medical applications, including anesthesia and pain management. Expanding hospitals and healthcare facilities in the region can drive the demand for nitrous oxide. The growing population and urbanization trends in the Asia Pacific can boost its consumption in the healthcare sector.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Linde PLC, Chart Industries, Inc., Nippon Sanso Holdings Co., Ltd. (Mitsubishi Chemical Holdings), SOL Group, Merck KGaA, Air Liquide S.A., Ellenbarrie Industrial Gases Limited, Air Products and Chemicals, Inc., Promas Engineers Pvt. Ltd., and SS GASLAB ASIA PVT. LTD.

Scope of the Study

Market Segments Covered in the Report:

By Application (Volume, Hundred Tonnes, USD Billion, 2019-2030)

• Medical
• Automotive
• Electronics
• Food Beverages
• Others

By Geography (Volume, Hundred Tonnes, USD Billion, 2019-2030)

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific
• LAMEA
• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

• Linde PLC
• Chart Industries, Inc.
• Nippon Sanso Holdings Co., Ltd. (Mitsubishi Chemical Holdings)
• SOL Group
• Merck KGaA
• Air Liquide S.A.
• Ellenbarrie Industrial Gases Limited
• Air Products and Chemicals, Inc.
• Promas Engineers Pvt. Ltd.
• SS GASLAB ASIA PVT. LTD.

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