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.
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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
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