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Nitrous Oxide Market

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The global nitrous oxide market size is expected to witness potential gains in the future and register a significant CAGR of 6.6% over the forecast period (2019 - 2027).
Nitrous Oxide Market Size, Trend and Analysis Till 2027
The global nitrous oxide market size is expected to witness potential gains in the
future and register a significant CAGR of 6.6% over the forecast period (2019 2027).
Market Overview
Nitrous oxide, also known as laughing gas, is a colorless gas with slightly sweet
smell and taste. It is manufactured by the thermal decomposition of ammonium
nitrate. It is a safe and effective sedative agent and finds application in surgery
and dentistry. It is also used as a pharmacologic agent to produce anesthesia, as
a propellant and additive to fuels, and as a food additive. The substance is
termed as laughing gas due to its euphoric and hysterical effects. It is included
in the ‘List of Essential Medicines,’ published by the World Health
Organization.
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Market Outlook
On the basis of region, the global nitrous oxide market is segmented into North
America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The
market in North America is driven by growing healthcare sector in the U.S. and
Canada. Asia Pacific market is expected to witness significant market share,
owing to high number of child birth and increasing adoption of nitrous oxide
during delivery. The market in Middle East is driven by significant presence of
natural gas manufacturers and export of natural gas to other regions.
Key Players
Major players operating in the global nitrous oxide market include, Airgas, Inc.,
IGL Blue Jamaica, and Praxair.
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pallavi.reddy
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