Nitrous Oxide Market Regional Analysis

In 2021, North America region is expected to have the biggest share of the market. Over the forecast period, the region is positioned to present enormous potential. A contributing factor to the expansion of the regional market is the rising prevalence of chronic diseases such cancer, type 2 diabetes, stroke, heart disease, obesity, and arthritis. It serves as a gas carrier for generating potent general anesthesia. With production sites in Pensacola and Maitland in Florida, Ontario, Canada, and Mississippi, Airgas, a significant manufacturer and supplier, has a significant presence in North America.

Followed by North American region, Europe accounted for the second-largest growing region. Chronic diseases are the major causes of mortality and morbidity in Europe. Most of the aging population suffers from chronic diseases. In recent times, with an increase in income and sedentary lifestyles, young and middle-aged are also being diagnosed chronic diseases. These factors are projected to bolster the demand for nitrous oxide in the region.