Nitrous Oxide Market Forecasts to 2028 – Global Analysis By Type (Medical Grade, Food Grade, Industry Grade), Application (Automotive, Food and Beverages, Electronics & Semiconductors, Medical, Scientific Research) and By Geography

According to Stratistics MRC, the Global Nitrous Oxide Market is accounted for $1,059.27 million in 2020 and is expected to reach $2,126.21 million by 2028 growing at a CAGR of 9.1% during the forecast period. Factors such as growing demand from various industries, rising geriatric population, and high prevalence of chronic diseases are driving the growth of the market. However, stringent government regulations regarding the usage and transportation of nitrous oxide are hampering the growth of the market.

Nitrous oxide is a colorless and non-flammable gas with a slightly sweet odor, which is widely used for various medical and non-medical applications. In the medical industry, it is widely used as an analgesic and anesthetic. Nitrous oxide itself is inflammable but is an excellent oxidizer that provides additional oxygen for the extra fuel to burn thereby producing more power.

Based on the application, the medical segment is anticipated to expand at a rapid pace during the forecast period due to the rising use of nitrous oxide gas in hospitals and dental clinics for various procedures. By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to the increasing prevalence of chronic diseases among the people of this region.

Some of the key players profiled in the Nitrous Oxide Market include Air Liquide S.A., Merck KGaA, The Linde Group, Praxair, Inc., Oxygen and Argon Works Ltd., Airgas, Inc., Matheson Tri-Gas Inc, Promas Engineers Pvt. Ltd, Ellenbarrie Industrial Gases Ltd, SS Gas Lab Asia, KVK Corporation, and SOL S.p.A.

Types Covered:
• Medical Grade
• Food Grade
• Industry Grade

Applications Covered:
• Automotive
• Food and Beverages
• Electronics & Semiconductors
• Medical
• Scientific Research   

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances