Global Nitrous Oxide Market Size Study, by Application (Automotive, Medical, Electronics, Food & Beverages, Others), and Regional Forecasts 2022-2032

Description

The Global Nitrous Oxide Market is valued approximately at USD 1.49 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 7.90% over the forecast period 2024-2032. Nitrous oxide, colloquially known as "laughing gas," has carved a multifaceted role across diverse industries, ranging from automotive propulsion systems to medical anesthesia and food preservation. As a compound characterized by its unique physical and chemical properties, nitrous oxide has become indispensable in applications where reliability, stability, and precision are paramount. With an ever-expanding demand across its diverse end-use industries, the market is poised for consistent growth.

The market's momentum is largely driven by advancements in medical technology and the expanding scope of healthcare services globally. The widespread adoption of nitrous oxide in surgical and dental procedures as a mild anesthetic and analgesic reflects its critical role in modern medicine. Simultaneously, the automotive industry leverages the compound's oxidizing properties to enhance engine performance in high-stakes motorsports. Notably, the food and beverage sector has witnessed a surge in the use of nitrous oxide as a propellant for whipped cream dispensers and as a preservative to extend the shelf life of packaged products. However, stringent environmental regulations and concerns over the greenhouse potential of nitrous oxide could impose challenges to market expansion.

Regionally, North America dominates the global market, with its advanced healthcare infrastructure, robust automotive industry, and burgeoning food and beverage sector. The region benefits from continuous innovation and favorable regulatory frameworks, sustaining its leadership position. Meanwhile, the Asia Pacific region is forecasted to exhibit the fastest growth, fueled by rapid industrialization, a burgeoning middle-class population, and increasing investments in healthcare and automotive sectors. Key players in emerging economies such as China and India are actively contributing to the market's dynamism.

Major market players included in this report are:

Praxair, Inc.
Air Liquide S.A.
Linde Group
Air Products and Chemicals, Inc.
Taiyo Nippon Sanso Corporation
Matheson Tri-Gas, Inc.
Ellenbarrie Industrial Gases Ltd.
Messer Group GmbH
SOL S.p.A.
Gujarat Fluorochemicals Ltd.
Honeywell International Inc.
Kanto Denka Kogyo Co., Ltd.
Nippon Ekitan Corporation
Yara International ASA
WestAir Gases & Equipment, Inc.

The detailed segments and sub-segment of the market are explained below:

By Application:

Automotive
Medical
Electronics
Food & Beverages
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with country-level insights into major regions.
Competitive landscape featuring insights on major players in the market.
Recommendations on business strategies and future approaches.
Analysis of competitive dynamics and demand-supply trends.

Chapter 1. Global Nitrous Oxide Market Executive Summary

1.1. Global Nitrous Oxide Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Application
- 1.3.2. By Region
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Nitrous Oxide Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Nitrous Oxide Market Dynamics

3.1. Market Drivers
- 3.1.1. Advancements in Medical Technology
- 3.1.2. Growth in Automotive Industry
- 3.1.3. Expansion in Food & Beverages Sector
3.2. Market Challenges
- 3.2.1. Stringent Environmental Regulations
- 3.2.2. Greenhouse Gas Concerns
3.3. Market Opportunities
- 3.3.1. Technological Innovations
- 3.3.2. Emerging Market Expansion
- 3.3.3. Eco-friendly Applications

Chapter 4. Global Nitrous Oxide Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Nitrous Oxide Market Size & Forecasts by Application 2022-2032

5.1. Segment Dashboard
5.2. Global Nitrous Oxide Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Automotive
- 5.2.2. Medical
- 5.2.3. Electronics
- 5.2.4. Food & Beverages
- 5.2.5. Others

Chapter 6. Global Nitrous Oxide Market Size & Forecasts by Region 2022-2032

6.1. Segment Dashboard
6.2. Global Nitrous Oxide Market: Region Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. North America
  - 6.2.1.1. U.S. Nitrous Oxide Market
  - 6.2.1.2. Canada Nitrous Oxide Market
- 6.2.2. Europe
  - 6.2.2.1. UK Nitrous Oxide Market
  - 6.2.2.2. Germany Nitrous Oxide Market
  - 6.2.2.3. France Nitrous Oxide Market
  - 6.2.2.4. Spain Nitrous Oxide Market
  - 6.2.2.5. Italy Nitrous Oxide Market
  - 6.2.2.6. Rest of Europe Nitrous Oxide Market
- 6.2.3. Asia Pacific
  - 6.2.3.1. China Nitrous Oxide Market
  - 6.2.3.2. India Nitrous Oxide Market
  - 6.2.3.3. Japan Nitrous Oxide Market
  - 6.2.3.4. Australia Nitrous Oxide Market
  - 6.2.3.5. South Korea Nitrous Oxide Market
  - 6.2.3.6. Rest of Asia Pacific Nitrous Oxide Market
- 6.2.4. Latin America
  - 6.2.4.1. Brazil Nitrous Oxide Market
  - 6.2.4.2. Mexico Nitrous Oxide Market
  - 6.2.4.3. Rest of Latin America Nitrous Oxide Market
- 6.2.5. Middle East & Africa
  - 6.2.5.1. Saudi Arabia Nitrous Oxide Market
  - 6.2.5.2. South Africa Nitrous Oxide Market
  - 6.2.5.3. Rest of Middle East & Africa Nitrous Oxide Market

Chapter 7. Competitive Intelligence

7.1. Key Company SWOT Analysis
- 7.1.1. Praxair, Inc.
- 7.1.2. Air Liquide S.A.
- 7.1.3. Linde Group
7.2. Top Market Strategies
7.3. Company Profiles
- 7.3.1. Praxair, Inc.
  - 7.3.1.1. Key Information
  - 7.3.1.2. Overview
  - 7.3.1.3. Financial (Subject to Data Availability)
  - 7.3.1.4. Product Summary
  - 7.3.1.5. Market Strategies
- 7.3.2. Air Liquide S.A.
- 7.3.3. Linde Group
- 7.3.4. Air Products and Chemicals, Inc.
- 7.3.5. Taiyo Nippon Sanso Corporation
- 7.3.6. Matheson Tri-Gas, Inc.
- 7.3.7. Ellenbarrie Industrial Gases Ltd.
- 7.3.8. Messer Group GmbH
- 7.3.9. SOL S.p.A.
- 7.3.10. Gujarat Fluorochemicals Ltd.

Chapter 8. Research Process

8.1. Research Process
- 8.1.1. Data Mining
- 8.1.2. Analysis
- 8.1.3. Market Estimation
- 8.1.4. Validation
- 8.1.5. Publishing
8.2. Research Attributes