Nitrous Oxide Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Nitrous Oxide Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : May, 2021 | Chemical & Materials

Report Digest

Global Nitrous Oxide Market: Snapshot

The global market for nitrous oxide is projected to surge in the coming years as it continues to be an integral part of many industries. Usually known as laughing gas, nitrous oxide is expected to be in demand for many medicinal and non-medicinal purposes in the forthcoming years. The growing demand for nitrous oxide in a wide range of industries such as electronics, food and beverages, and automotive has played a pivotal role in shaping the global market for this colorless gas.

Researchers state that the medical industry will be the key end user of nitrous oxide. This non-flammable gas is used as an analgesic and anesthetic agent, especially for dental procedures. It allows adequate partial sedation to ensure smooth surgical operation, especially amongst younger patients. Thus, in the coming years increasing awareness about oral hygiene and care is expected to up the sales of nitrous oxide in the medical industry. In addition to dental industry, the demand for nitrous oxide will also be determined by the automotive segment. Nitrous oxide is extensively used in bikes, trucks, snowmobiles, and all-terrain vehicles to make them burn more fuel in toughest conditions. Nitrous oxide enhances engine power by consistently increasing the amount of oxygen in the fuel.

On the flip side, the global market for nitrous oxide faces some tough challenges and is expected to be affected by strict regulations. Many countries across the globe do not have legal status for possessing nitrous oxide. However, increasing number of chronic conditions that demand surgical interventions are expected to offer the market many lucrative opportunities during the forecast period of 2018 and 2028. Regions with exponentially growing number of geriatrics will create numerous reasons for uptake of nitrous oxide as they are prone to conditions such as cardiovascular diseases, arthritis, complications of type 2 diabetes, and stroke amongst others.

Nitrous Oxide Market: Overview

Nitrous oxide, regularly known as nitrous or laughing gases, is a chemical composition, and an oxide of nitrogen. At room temperature, it is a dry non-combustible gas, with a slight metallic taste and fragrance. Laughing gas or nitrous oxide is a dismal and non-combustible gas with a somewhat sweet scent, which is broadly utilized for several non-medical and medical applications. The non-medical applications incorporate semiconductor sector, racing cars, and food procesing. In the healthcare business, it is generally utilized in medical procedure and dentistry methods as a pain relieving and analgesic. After breathing in, it has fantastic euphoric impacts and this property has prompted its recreational usage as a dissociative anesthesia.

Rising demand from several enterprises, for example, food and beverages, automobiles, medical, and electronics are foreseen to be a trend setter, accelerating the growth of nitrous oxide market. Moreover, surging demand from Asia Pacific region, attributable to high predominance of chronic infections and growing of geriatric population base in major nations, for example, India and China, is profiting the general market.

Nitrous Oxide Market: trends and Opportunities

The utilization of nitrous oxide in the therapeutic segment minimally affects nature. Though, stringent standards and controls over the ownership, transportation, and utilization are likely to project a threat to the development of the market. Utilization of medical gases and their related gear is managed by the U.S. Food and Drug Administration and the Center for Drug Evaluation and Research. These rules clarify practices and techniques for compacted medicinal gas fillers, including home respiratory administrations. Makers are obliged to conform to standards and rules set down for the marketing and manufacturing of therapeutic gases.

Utilization of nitrous oxide is very influenced by controls identified with nitrous oxide in different nations. They change from nation to nation for different application sector. It isn't unlawful to sell or have nitrous oxide. However, there are a few laws relating to selling it to minors and to recreational purposes such as inhalation.

Nitrous Oxide Market: Regional Analysis

North America was the main contributor of revenue in the global nitrous oxide market in recent past. The mentioned region is ready to offer tremendous scope in forthcoming years. Apart from that, the increasing predominance of chronic illnesses, for example, type 2 diabetes, tumor, stroke, obesity, heart illness, and arthritis is fueling the development of the market. It is utilized as a transporter gas for creating effective general anesthesia. Airgas, a key maker and provider, has a solid reach in North America with production offices in Maitland and Pensacola in Florida, Canada, Mississippi, and Ontario.

Europe is additionally prone to be a major focus for global players. Rising cases of chronic infections are the significant reasons for morbidity and mortality in the region. Dominant part of ageing population experiences chronic sicknesses. As of late, with surge in disposable income and inactive ways of life, young and middle aged people are also suffering from serious ailments. These components are anticipated to support the grwoth of nitrous oxide in the region.

Nitrous Oxide Market: Comeptitive Landscape

The market seems to be highly fragmented and competitive as well, owing to the emergence of various major players all over the world. Oxygen and Argon Works Ltd., Praxair Technology, Inc., Matheson Tri-Gas, Inc., The Linde Group, Merck KGaA, SOL Spa, Airgas, Inc., and Ellenbarrie Industrial Gases Ltd. are some of the important players investing in R&D and making of nitrous oxide.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?