Nitrous Oxide Market - By Application (Automotive, Medical, Electronics, Food & Beverage, Others) By Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Industry Analysis, opportunity and Forecast 2020 To 2027
Published Date: May 2021
No. of Pages: 184
Status: Published
Report Code: ARI100577
Nitrous oxide or laughing gas is a colourless and non-flammable gas with a slightly sweet odour, which is widely used for various medical and non-medical applications. Some of the non-medical end uses include racing cars, the semiconductor industry, and food processing. In the medical industry, it is widely used in surgery and dentistry procedures as an analgesic and anaesthetic. Upon inhaling, it has excellent euphoric effects and this property has led to its recreational use as a dissociative anaesthetic. In addition, significant demand from Asia Pacific, owing to the high prevalence of chronic diseases and widening base of the geriatric population in major countries such as China and India, is benefitting the overall market.
The market in the U.S. was valued at USD 156.54 million in 2020. In the country, it is extensively used in the automotive, medical, and food & beverage sectors. Possession of nitrous oxide is legal in various states under federal law. However, the Food & Drug Administration regulates it under the Food Drug and Cosmetics Act, which prohibits the sale and distribution of human consumption.
The use of nitrous oxide in the medical sector has a minimal impact on the environment. Nitrous oxide accounts for 5% of the total greenhouse effects, with only 1% of nitrogen oxide released into the atmosphere coming from medicinal use. Medical nitrous oxide accounts for 0.05% of the total gas emissions affecting the environment globally.
However, stringent rules and regulations over the possession, transportation, and usage are posing a challenge to the growth of the market. The use of medical gases and their associated equipment are regulated by the Centre for Drug Evaluation and Research and the U.S. Food and Drug Administration. These guidelines explain practices and procedures for compressed medical gas fillers, including home respiratory services.
The market is highly competitive and fragmented in nature with the presence of several key players in the global arena. Praxair Technology, Inc.; Oxygen & Argon Works Ltd.; The Linde Group; Matheson Tri-Gas, Inc.; SOL Spa; Merck KGaA; Air Liquide; Airgas, Inc.; and Ellenbarrie Industrial Gases Ltd. are some of the key players engaged in extensive R&D and production of nitrous oxide. Moreover, Promas Engineers Pvt. Ltd., SS Gas Lab Asia, KVK Corporation, and Carbide and Chemicals are some of the key players engaged in the manufacturing of nitrous oxide.
Analyst Commentary
Medical was the largest segment in 2020 and the trend is anticipated to continue throughout the forecast period. Approximately 85 to 90% of nitrous oxide produced worldwide is utilized in the medical sector. It is extensively used in the medical sector as an anesthetic and analgesic agent in surgical and dentistry procedures. It is commonly used as a single agent for partial sedation in dentistry, mostly in pediatric dental applications. Increasing aging population across the world and the growing prevalence of dental problems are anticipated to contribute to the growth of the segment.
The automotive segment is estimated to register healthy growth over the forecast period. In modern automobiles, nitrous oxide is used to significantly boost engine power by increasing the oxygen content of the fuel mixture, thus enabling the engine to burn more fuel. The majority of nitrous oxide systems are installed on trucks, motorcycles, snowmobiles, all-terrain vehicle, and cars. However, legislation pertaining to the use of nitrous oxide in road vehicles varies from country to country, even within Europe.
Segmentation
The Nitrous Oxidemarket is segmented on the basis of applicationand region.On the basis of application Automotive, Medical, Electronics, Food & Beverage, Others.
Regional Analysis
North America was the leading revenue contributor in the global nitrous oxide market in 2020. The region is poised to offer huge opportunities over the forecast period. Increasing prevalence of chronic diseases such as cancer, type 2 diabetes, stroke, heart disease, obesity, and arthritis is supplementing the growth of the regional market. It is used as a carrier gas for producing powerful general anesthesia. Airgas, a key manufacturer, and supplier, has a strong reach in North America with production facilities in Pensacola and Maitland in Florida, Ontario, Canada, and Mississippi.
Europe is also likely to be a prominent destination for global players. Chronic diseases are the major causes of mortality and morbidity in Europe. The majority 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.
TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
2.1. Research approach
2.2. Scope, definition, and assumptions
2.3. Data sources
2.3.1. Secondary Sources
2.3.1.1. Preliminary data mining
2.3.2. Primary Sources
2.3.2.1. Statistical Model
2.3.2.2. Data Triangulation
2.3.2.3. Research Objective
Chapter 3. Market Outlook
3.1. Introduction
3.2. Key trends
3.2.1. xx
3.3. Market drivers
3.3.1. Impact analysis of Market Drivers
3.4. Market restraints
3.4.1. Impact analysis of Market Restraints
3.5. Market opportunities
3.5.1. Impact analysis of Market Opportunities
3.6. Market Challenges
3.6.1. Impact analysis of Market Trends
3.7. Porter’s Five Forces’ analysis
3.7.1. Bargaining Power of Suppliers
3.7.2. Bargaining Power of Buyers
3.7.3. Threat of New Entrant
3.7.4. Threat of Substitutes
3.7.5. High Competitive Rivalry
3.8. Value chain analysis
Chapter 4. COVID-19 Impact On Nitrous Oxide Market
Chapter 5. Global Nitrous Oxide Market Overview, By Application, 2015 - 2027(USD Million)
5.1. Global Nitrous Oxide Market Share, By Application, 2015 - 2027 (USD Million)
5.1.1. Automotive
5.1.1.1. Market Type and Projections,2015 - 2027 (USD Million)
5.1.1.2. Market Type and Projections, by Region, 2015 - 2027 (USD Million)
5.1.2. Medical
5.1.2.1. Market Type and Projections,2015 - 2027 (USD Million)
5.1.2.2. Market Type and Projections, by Region, 2015 - 2027 (USD Million)
5.1.3. Electronics
5.1.3.1. Market Type and Projections,2015 - 2027 (USD Million)
5.1.3.2. Market Type and Projections, by Region, 2015 - 2027 (USD Million)
5.1.4. Others
5.1.4.1. Market Type and Projections,2015 - 2027 (USD Million)
5.1.4.2. Market Type and Projections, by Region, 2015 - 2027 (USD Million)
Chapter 6. Global Nitrous Oxide Market Overview, By Geography, 2015 - 2027(USD Million)
6.1. Global Nitrous Oxide Market Share, By Geography, 2015 - 2027(USD Million)
6.1.1. Market Type and projections, by Countries, 2015 - 2027 (USD Million)
6.1.2. Market Share and CAGR Comparison, by Countries, 2020 - 2027 (%)
Chapter 7. North America Nitrous Oxide Market Overview, By Countries, 2015 - 2027(USD Million)
7.1. North America Nitrous Oxide Market Overview, 2015 - 2027 (USD Million)
7.1.1. Market Type and projections, 2015 - 2027 (USD Million)
7.1.2. North America Nitrous Oxide Market Overview, By Application, 2015 - 2027 (USD Million)
7.1.3. North America Nitrous Oxide Market Overview, By Countries, 2015 - 2027 (USD Million)
7.1.3.1. U.S. Nitrous Oxide Market Overview, 2015 - 2027 (USD Million)
7.1.3.1.1. Market Type and projections, 2015 - 2027 (USD Million)
7.1.3.1.2. U.S. Nitrous Oxide Market Overview, By Application, 2015 - 2027 (USD Million)
7.1.3.2. Canada Nitrous Oxide Market Overview, 2015 - 2027 (USD Million)
7.1.3.2.1. Market Type and projections, 2015 - 2027 (USD Million)
7.1.3.2.2. Canada Nitrous Oxide Market Overview, By Application, 2015 - 2027 (USD Million)
7.1.3.3. Mexico Nitrous Oxide Market Overview, 2015 - 2027 (USD Million)
7.1.3.3.1. Market Type and projections, 2015 - 2027 (USD Million)
7.1.3.3.2. Mexico Nitrous Oxide Market Overview, By Application, 2015 - 2027 (USD Million)
Chapter 8. Europe Nitrous Oxide Market Overview, By Countries, 2015 - 2027(USD Million)
8.1. Europe Nitrous Oxide Market Overview, 2015 - 2027 (USD Million)
8.1.1. Market Type and projections, 2015 - 2027 (USD Million)
8.1.2. Europe Nitrous Oxide Market Overview, By Application, 2015 - 2027 (USD Million)
8.1.3. Europe Skin Care Offerings Market Overview, By Countries, 2015 - 2027 (USD Million)
8.1.3.1. Germany
8.1.3.1.1. Market Type and projections, 2015 - 2027 (USD Million)
8.1.3.1.2. Germany Nitrous Oxide Market Overview, By Application, 2015 - 2027(USD Million)
8.1.3.2. France
8.1.3.2.1. Market Type and projections, 2015 - 2027 (USD Million)
8.1.3.2.2. France Nitrous Oxide Market Overview, By Application, 2015 - 2027(USD Million)
8.1.3.3. UK
8.1.3.3.1. Market Type and projections, 2015 - 2027 (USD Million)
8.1.3.3.2. UK Nitrous Oxide Market Overview, By Application, 2015 - 2027(USD Million)
8.1.3.4. Italy
8.1.3.4.1. Market Type and projections, 2015 - 2027 (USD Million)
8.1.3.4.2. Italy Nitrous Oxide Market Overview, By Application 2015 - 2027(USD Million)
8.1.3.5. Spain
8.1.3.5.1. Market Type and projections, 2015 - 2027 (USD Million)
8.1.3.5.2. Spain Nitrous Oxide Market Overview, By Application, 2015 - 2027(USD Million)
8.1.3.6. Rest of Europe
8.1.3.6.1. Market Type and projections, 2015 – 2027
8.1.3.6.2. Rest of Europe Nitrous Oxide Market Overview, By Application, 2015 - 2027(USD Million)
Chapter 9. Asia Pacific Nitrous Oxide Market Overview, By Countries, 2015 - 2027 (USD Million)
9.1. Asia Pacific Nitrous Oxide Market Overview, 2015 - 2027 (USD Million)
9.1.1. Market Type and projections, 2015 - 2027 (USD Million)
9.1.2. Asia Pacific Nitrous Oxide Market Overview, By Application, 2015 - 2027 (USD Million)
9.1.3. Asia Pacific Nitrous Oxide Market Overview, By Countries, 2015 - 2027 (USD Million)
9.1.3.1. India
9.1.3.1.1. Market Type and projections, 2015 - 2027 (USD Million)
9.1.3.1.2. India Nitrous Oxide Market Overview, By Application, 2015 - 2027 (USD Million)
9.1.3.1.3. Other Segments
9.1.3.2. China
9.1.3.2.1. Market Type and projections, 2015 - 2027(USD Million)
9.1.3.2.2. China Nitrous Oxide Market Overview, By Application, 2015 - 2027 (USD Million)
9.1.3.3. Japan
9.1.3.3.1. Market Type and projections, 2015 - 2027 (USD Million)
9.1.3.3.2. Japan Nitrous Oxide Market Overview, By Application, 2015 - 2027(USD Million)
9.1.3.4. South Korea
9.1.3.4.1. Market Type and projections, 2015 - 2027(USD Million)
9.1.3.4.2. South Korea Nitrous Oxide Market Overview, By Application, 2015 - 2027 (USD Million)
9.1.3.5. Rest of Asia Pacific
9.1.3.5.1. Market Type and projections, 2015 - 2027 (USD Million)
9.1.3.5.2. Rest of Asia Pacific Nitrous Oxide Market Overview, By Application, 2015 - 2027 (USD Million)
Chapter 10. Middle East & Africa Nitrous Oxide Market Overview, By Countries, 2015 - 2027 (USD Million)
10.1. Middle East & Africa Nitrous Oxide Market Overview, 2015 - 2027 (USD Million)
10.1.1. Market Type and projections, 2015 - 2027 (USD Million)
10.1.2. Middle East & Africa Nitrous Oxide Market Overview, By Application, 2015 - 2027 (USD Million)
10.1.3. Middle East & Africa Nitrous Oxide Market Overview, By Countries, 2015 - 2027 (USD Million)
10.1.3.1. GCC
10.1.3.1.1. Market Type and projections, 2015 - 2027 (USD Million)
10.1.3.1.2. GCC Nitrous Oxide Market Overview, By Application, 2015 - 2027 (USD Million)
10.1.3.2. South Africa
10.1.3.2.1. Market Type and projections, 2015 - 2027 (USD Million)
10.1.3.2.2. South Africa Nitrous Oxide Market Overview, By Application, 2015 - 2027 (USD Million)
10.1.3.3. Rest of Middle East & Africa
10.1.3.3.1. Market Type and projections, 2015 - 2027 (USD Million)
10.1.3.3.2. Rest of Middle East & Africa Nitrous Oxide Market Overview, By Application, 2015 - 2027 (USD Million)
Chapter 11. South America Nitrous Oxide Market Overview, By Countries, 2015 - 2027 (USD Million)
11.1. South America Nitrous Oxide Market Overview, 2015 - 2027 (USD Million)
11.1.1. Market Type and projections, 2015 - 2027 (USD Million)
11.1.2. South America Nitrous Oxide Market Overview, By Application, 2015 - 2027 (USD Million)
11.1.3. South America Nitrous Oxide Market Overview, By Countries, 2015- 2026 (USD Million)
11.1.4. Brazil
11.1.4.1. Market Type and projections, 2015 - 2027 (USD Million)
11.1.4.2. Brazil Nitrous Oxide Market Overview, By Application, 2015 - 2027 (USD Million)
11.1.5. Argentina
11.1.5.1. Market Type and projections, 2015 - 2027 (USD Million)
11.1.5.2. Argentina Nitrous Oxide Market Overview, By Application, 2015 - 2027 (USD Million)
11.1.6. Rest of South America
11.1.6.1. Market Type and projections, 2015 – 2027
11.1.6.2. Rest of South America Nitrous Oxide Market Overview, By Application, 2015 - 2027 (USD Million)
Chapter 12. Competitive Landscape
12.1. Competitive environment, 2020
12.2. Strategic framework
12.2.1. Partnership/agreement
12.2.2. Expansion
12.2.3. Mergers & Acquisitions
12.2.4. New Offering development
Chapter 13. Key Vendor Analysis
13.1. Praxair Technology, Inc.
13.1.1. Company overview
13.1.2. Financial performance
13.1.3. Mice Benchmarking
13.1.4. Recent initiatives
13.1.5. SWOT analysis
13.2. Oxygen & Argon Works Ltd.
13.2.1. Company overview
13.2.2. Financial performance
13.2.3. Mice Benchmarking
13.2.4. Recent initiatives
13.2.5. SWOT analysis
13.3. Matheson Tri-Gas, Inc.
13.3.1. Company overview
13.3.2. Financial performance
13.3.3. Mice Benchmarking
13.3.4. Recent initiatives
13.4. SOL Spa
13.5. MERCK KGAA
Chapter 14. Nitrous Oxide Market Cost Analysis
14.1. Nitrous Oxide Market Key Offering Analysis
14.1.1. Key Offering
14.1.2. Price Trend of Key Raw Material
14.1.3. Key Suppliers
14.1.4. Labor Cost
Chapter 15. Heavy Duty and Bariatric Bags Chain, Sourcing Strategy and Downstream Buyers
15.1. Nitrous Oxide Market Heavy Duty and Bariatric Bags Chain Analysis
15.2. Upstream Offering Sourcing
15.3. Offering Sources of Nitrous Oxide Market Major Manufacturers in 2020
15.4. Downstream Buyers
Chapter 16. Marketing Strategy Analysis, Distributors/Traders
16.1. Marketing Channel
16.1.1. Direct Marketing
16.1.2. Indirect Marketing
16.1.3. Marketing Channel Development Trend
16.2. Market Positioning
16.2.1. Pricing Strategy
16.2.2. Brand Strategy
16.2.3. Target Client
16.3. Distributors/Traders List
Chapter 17. Market Effect Factors Analysis
17.1. Technology Progress/Risk
17.1.1. Substitutes Threat
17.1.2. Technology Progress in Related Type
17.2. Consumer Needs/Customer Preference Change
17.3. Economic/Political Environmental Change
Chapter 18. Future Outlook of the Market
Disclaimer
List of Figures
1. Market segmentation
2. Value chain analysis
3. Porter’s Five Forces’ analysis
4. Power of Suppliers
5. Power of Buyers
6. Threat of New Entrants
7. Threat of Substitute
8. Competitive Rivalry
9. Global Nitrous Oxide Market share, by Application, 2020 & 2027 (%)
10. Global Nitrous Oxide Market share, by Automotive, by Application, 2015 - 2027 (USD Million)
11. Global Nitrous Oxide Market share, by Medical, by Application, 2015 - 2027 (USD Million)
12. Global Nitrous Oxide Market share, by Electronics, by Application, 2015 - 2027 (USD Million)
13. Global Nitrous Oxide Market share, by Others, by Application, 2015 - 2027 (USD Million)
14. Global Nitrous Oxide Market share, by region, 2020 & 2027 (%)
15. Global Nitrous Oxide Market share, by region, 2015 - 2027(USD Million)
16. North America Nitrous Oxide Market, 2015 - 2027(USD Million)
17. North America Nitrous Oxide Market share, by Countries, 2020 & 2027 (%)
18. U.S. Nitrous Oxide Market, 2015 - 2027(USD Million)
19. Canada Nitrous Oxide Market, 2015 - 2027(USD Million)
20. Europe Nitrous Oxide Market, 2015 - 2027(USD Million)
21. Europe Nitrous Oxide Market share, by Countries, 2020 & 2027 (%)
22. Spain Nitrous Oxide Market, 2015 - 2027(USD Million)
23. UK Nitrous Oxide Market, 2015 - 2027(USD Million)
24. Italy Nitrous Oxide Market, 2015 - 2027(USD Million)
25. Germany Nitrous Oxide Market, 2015 - 2027(USD Million)
26. France Nitrous Oxide Market, 2015 - 2027(USD Million)
27. Rest of Europe Nitrous Oxide Market, 2015 - 2027(USD Million)
28. Asia-Pacific Nitrous Oxide Market, 2015 - 2027(USD Million)
29. Asia-Pacific Nitrous Oxide Market share, by Countries, 2020 & 2027 (%)
30. China Nitrous Oxide Market, 2015 - 2027(USD Million)
31. India Nitrous Oxide Market, 2015 - 2027(USD Million)
32. Australia Nitrous Oxide Market, 2015 - 2027(USD Million)
33. Japan Nitrous Oxide Market, 2015 - 2027(USD Million)
34. Rest of Asia-Pacific Nitrous Oxide Market, 2015 - 2027(USD Million)
35. Middle East & Africa Nitrous Oxide Market, 2015 - 2027(USD Million)
36. Middle East & Africa Nitrous Oxide Market share, by Countries, 2020 & 2027 (%)
37. GCC Nitrous Oxide Market, 2015 - 2027(USD Million)
38. South Africa Nitrous Oxide Market, 2015 - 2027(USD Million)
39. Rest Of Middle East & Africa Nitrous Oxide Market, 2015 - 2027(USD Million)
40. South America Nitrous Oxide Market, 2015 - 2027(USD Million)
41. Brazil Nitrous Oxide Market, 2015 - 2027(USD Million)
42. Mexico Nitrous Oxide Market, 2015 - 2027(USD Million)
43. Argentina Nitrous Oxide Market, 2015 - 2027(USD Million)
44. Rest Of South America Nitrous Oxide Market, 2015 - 2027(USD Million)
List of Tables
1. Impact of Market drivers
2. Impact of Market restraints
3. Global Nitrous Oxide Market, 2015-2027 (USD Million)
4. Nitrous Oxide requirement, by country, 2015-2027, (USD Million)
5. North America Nitrous Oxide Market, by Application, 2015-2027 (USD Million)
6. Europe Nitrous Oxide Market, by Application, 2015-2027 (USD Million)
7. Asia Pacific Nitrous Oxide Market, by Application, 2015-2027 (Revenue, USD Million)
8. Middle East & Africa Nitrous Oxide Market, by Application, 2015-2027 (USD Million)
9. South America Nitrous Oxide Market, by Application, 2015-2027 (USD Million)
10. Global Nitrous Oxide Market, Company Market Share, 2020 - 2027 (%)
11. Praxair Technology, Inc. : Product Benchmarking
12. Praxair Technology, Inc. : Financial Performance
13. Oxygen & Argon Works Ltd. : Product Benchmarking
14. Oxygen & Argon Works Ltd. : Financial Performance
15. Matheson Tri-Gas, Inc. : Product Benchmarking
16. Matheson Tri-Gas, Inc. : Financial Performance
17. SOL Spa :Product Benchmarking
18. SOL Spa :Financial Performance
19. MERCK KGAA : Product Benchmarking
20. MERCK KGAA : Financial Performance
The Leading Key Players in Nitrous Oxide Market
Praxair Technology Inc.
Oxygen & Argon Works Ltd.
The Linde Group
Matheson Tri-Gas Inc.
SOL Spa
Merck KGaA
Air Liquide
Airgas Inc.
and Ellenbarrie Industrial Gases Ltd. are some of the key players engaged in extensive R&D and production of nitrous oxide. Moreover
Promas Engineers Pvt. Ltd.
SS Gas Lab Asia
KVK Corporation
