Nitrous Oxide Market Size & Share, by Application (Automotive, Medical, Electronics, Food & Beverages) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 6406
  • Published Date: Sep 09, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Nitrous Oxide Market size is evaluated at USD 1.5 billion in 2024 and is anticipated to exceed USD 4.1 billion by the end of 2037, registering over 8.1% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of nitrous oxide is estimated at USD 1.6 Billion.

The nitrous oxide (N2O) market is expanding due to the growing incidences of chronic diseases such as cardiovascular diseases, diabetes, and cancer. According to a 2023 report by the World Health Organization (WHO), non-communicable diseases (NCDs) or chronic diseases account for 41 million annual deaths worldwide or 74% of all fatalities. Nitrous oxide is used as an anesthetic and analgesic in medical procedures, including surgeries and pain management, which are often necessary for patients with chronic conditions. As the incidence of chronic conditions rises, the demand for medical procedures, and consequently the use of nitrous oxide in these procedures, also increases. This contributes to the overall growth of the nitrous oxide market.


Nitrous Oxide Market Size
Get more information on this report: Request Free Sample PDF

Nitrous Oxide Market: Growth Drivers and Challenges

Growth Drivers

  • Growing adoption in the food industry: Nitrous oxide is increasingly popular in the food sector due to its capacity to improve textures, provide visually appealing displays, and infuse culinary creations with inventiveness. Nitrous oxide is extensively used in the production of whipped cream due to its ability to make a stable and voluminous form. N2O-powered whipped cream dispensers offer a rapid and effective technique to get consistent results, compared to conventional methods that require hand whisking or mechanical whipping machines.

    Furthermore, scientists and chefs are collaborating to produce creative foam-based foods with N2O. Light and airy textures can be achieved by combining different ingredients with N2O, which improves the whole dining experience, and because of the qualities of nitrous oxide, foams such as savory foams, fruit foams, and aerated sauces have become staples in contemporary cuisine.
  • Emerging use in psychological health treatments: Research as proven that nitrous oxide can have rapid antidepressant effects, which has led to increased interest and use in clinical settings. As mental health treatment options expand and more studies validate the efficacy of nitrous oxide in treating depression and other mood disorders, its demand in the healthcare sector is predicted to grow, contributing to the overall nitrous oxide market expansion.
  • Research & development activities for the production of nitrous oxide: Technological advancements in manufacturing techniques are aiming to minimize environmental effects and maximize resource use. Some of the main areas of innovation are enhanced catalysts, new reaction routes, and sophisticated purification methods. Increased production efficiency due to these advancements guarantees a steady and dependable supply of nitrous oxide to satisfy expanding needs across various industries.

    For instance, in November 2021, the innovative, focused, and sustainable specialty chemical business Clariant announced a significant global campaign to lessen nitrous oxide (N2O) influence on climate change. The business has created the EnviCat N2O-S catalyst, which is proven to remove up to 95% of N2O generated as a by-product of nitric acid production, by drawing on decades of experience in catalyst research.

Challenges

  • Environmental impact of nitrous oxide: Despite being widely utilized for its anesthetic and performance-enhancing qualities, nitrous oxide is a greenhouse gas that contributes significantly to climate change. Nitrous oxide emissions into the atmosphere are under environmental attention since they lead to global warming and ozone layer degradation. A growing number of sectors are calling for more environmentally friendly substitutes as nitrous oxide use negatively affects the environment. Governments and international organizations are putting more pressure on businesses to reduce their carbon footprint through stricter laws and emission reduction objectives, which may affect nitrous oxide's adoption in some applications.
  • Availability of alternatives: Medical nitrous oxide faces competition from alternative solutions available in hospital settings for anesthesia and pain management. Healthcare professionals may use other techniques due to patient preferences or particular medical needs, which could affect the demand for nitrous oxide. Therefore, the adoption of nitrous oxide in medical procedures is being hampered by the availability of substitutes.

Nitrous Oxide Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

8.1%

Base Year Market Size (2024)

USD 1.5 billion

Forecast Year Market Size (2037)

USD 4.1 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Nitrous Oxide Segmentation

 Application (Automotive, Medical, Electronics, Food & Beverages)

Medical segment is projected to account for nitrous oxide market share of more than 40% by the end of 2037. The segment growth can be attributed to the growing use of nitrous oxide as an anesthetic agent in various medical procedures. Also, an increasing number of medical professionals prefer nitrous oxide for its soothing and analgesic qualities due to the need for minimally invasive surgeries and dental treatments as well as the focus on patient comfort. The safety and effectiveness of administering nitrous oxide are increased by modern medical technology, such as enhanced delivery methods and accurate monitoring apparatus.

Moreover, the aging of the global population and the rising incidence of dental issues will fuel the segment's expansion. According to the WHO Global Oral Health Status Report (2022), oral illnesses afflict around 3.5 billion people globally, with middle-income nations accounting for three out of every four cases. About 514 million children worldwide suffer from primary tooth caries, whereas an estimated 2 billion adults worldwide suffer from caries of permanent teeth.  

The automotive segment is estimated to garner a notable share in the forecast period. The segment is expanding due to the growing use of nitrous oxide to increase engine power by raising the fuel mixture's oxygen content, which allows the engine to burn more gasoline. Most nitrous oxide systems are found in automobiles, trucks, motorbikes, snowmobiles, and all-terrain vehicles. Furthermore, nitrous oxide injection systems are a popular option for car enthusiasts since they produce more horsepower and torque and are frequently used in racing and high-performance automobiles. Additionally, the mass of N2O emissions from mobile sources is decreasing primarily due to the light-duty fleet's turnover. As a result, motor vehicle-related N2O emissions do not significantly contribute to global greenhouse gas emissions.

Our in-depth analysis of the nitrous oxide market includes the following segments:

Application

  • Automotive
  • Medical
  • Electronics
  • Food & Beverages 

 


Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Nitrous Oxide Industry - Regional Synopsis

APAC Market Statistics

Asia Pacific in nitrous oxide market is anticipated to account for more than 36.5% revenue share by the end of 2037. The market is expanding in the region owing to the improved healthcare infrastructure which has increased the demand for anesthetics in medical procedures and surgeries. Moreover, the automotive industry has increased the adoption of nitrous oxide, especially in nations with a vibrant motorsports culture.

In China healthcare system is developing rapidly due to the rising investments in clinics, hospitals, and medical equipment. According to the WHO, the Government of China tripled healthcare expenditure from USD 67.7 billion to USD 225.5 billion in 2018. Therefore, the nitrous oxide market will expand owing to the incorporation of medical nitrous oxide into anesthesia and pain treatment procedures in various healthcare settings.

In India, the growing middle class and their higher disposable incomes are fueling the need for a range of medical procedures and treatments, which is increasing the use of nitrous oxide in the healthcare industry. According to the India Brand Equity Foundation (IBEF), by 2047, the proportion of India's middle class to the country's overall population will have nearly doubled to 61%, from 31% in 2020–21.

The expanding automobile manufacturing sector in South Korea is predicted to sustain the nitrous oxide market expansion of nitrous oxide over the projection period. For instance, approximately 4.24 million automobiles were produced in South Korea in 2023.

North America Market Analysis

North America will witness enormous growth for the nitrous oxide market during the forecast period and hold the second position owing to the increasing incidence of chronic illnesses such as cancer, type 2 diabetes, heart disease, obesity, and arthritis. According to the National Institutes of Health, coronary heart disease has been estimated to affect 16.3 million Americans who are 20 years of age or older, representing a 7% prevalence.

The U.S. is a center for technological innovation in the healthcare industry, encompassing developments in patient monitoring and anesthesia monitoring systems. This innovation also includes the distribution of medical nitrous oxide, as advanced tools and methods for safely and effectively administering nitrous oxide have been developed.

In Canada, nitrous oxide is gaining popularity in electronics industry as a specialty gas in the production of semiconductors, where it is essential for chemical vapor deposition procedures. For instance, the total output of the semiconductor sector in Canada was USD 28.8 billion in 2020. Therefore, the expansion of the semiconductor industry in the region is accelerating the growth of the nitrous oxide market.

Research Nester
Nitrous Oxide Market Share
Get more information on this report: Request Free Sample PDF

Companies Dominating the Nitrous Oxide Market

    The nitrous oxide market is highly competitive, with numerous large multinational companies and, small and medium-sized businesses vying for market share. Developing and introducing cutting-edge products and services based on various technologies is one of the most important market strategies.

    • Praxair Technology, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Linde plc
    • Parker Hannifin Corporation
    • MATHESON TRI-GAS, INC.
    • SOL GROUP
    • Merck KGaA
    • Airgas, Inc.
    • Air Liquide S.A.
    • Ellenbarrie Industrial Gases
    • Norco Inc.

In the News

  • In August 2022, Linde plc, the world's largest supplier of engineering solutions and gases is expanding its Ultra-High-Purity Nitrous Oxide (UHP N2O) production capacity in Bangpoo, Thailand. Many N2O production facilities are owned and operated by Linde across the USA, Europe, Taiwan, China, Korea, and Thailand.
  • In December 2021, Parker Hannifin Corporation's Precision Fluidics Division, a global pioneer in motion and control technology, announced the availability of its Parker Porter Nitronox Plus nitrous oxide and oxygen delivery system for hospitals, physician offices, and birthing centers.

Author Credits:  Rajrani Baghel


  • Report ID: 6406
  • Published Date: Sep 09, 2024
  • Report Format: PDF, PPT
Nitrous Oxide Market Market Report Scope
logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying
Inquiry Before Buying Request Free Sample