Nitrous Oxide Market Size, Share, Growth Analysis, By Application(Medical, Electronics, Automotive, Food & Beverage), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15A2304 | Region: Global | Published Date: February, 2024
Pages: 251 |Tables: 38 |Figures: 74

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Nitrous Oxide Market size was valued at USD 1.12 billion in 2019 and is poised to grow from USD 1.2 billion in 2023 to USD 2 billion by 2031, growing at a CAGR of 7.1% in the forecast period (2024-2031).

The market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions. 'The Linde Group', ' Air Liquide S.A. ', ' Air Products and Chemicals, Inc. ', ' Praxair Technology, Inc. ', ' Matheson Tri-Gas, Inc. ', ' Messer Group GmbH ', ' SOL Spa ', ' Taiyo Nippon Sanso Corporation ', ' Iceblick Ltd ', ' Ellenbarrie Industrial Gases Ltd. ', ' AK Scientific, Inc. ', ' Promas Engineers Pvt. Ltd. ', ' Gujarat Fluorochemicals Limited ', ' Universal Industrial Gases, Inc. ', ' Sinopec Group ', ' Emirates Industrial Gases Co. LLC ', ' Nippon Steel Engineering Co., Ltd. ', ' Shaanxi Aerospace Power Hi-tech Co., Ltd. ', ' Airgas, Inc. ', ' NORCO, Inc. '

Growing Geriatric Population and Rise in Incidences of Chronic Diseases to Drive Market

Adoption of Nitrous Oxide use in Electronic Manufacturing

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.

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Global Nitrous Oxide Market

Product ID: SQMIG15A2304