Nitrous oxide, commonly known as laughing gas, is a colorless and odorless gas that is widely used in various industries such as healthcare, automotive, food and beverage, and electronics. The growing demand for nitrous oxide in medical and dental applications, especially for pain management during surgeries and procedures, is driving the growth of the market. Additionally, the increasing use of nitrous oxide as a propellant in the food and beverage industry is also fueling the market growth. However, the harmful effects of nitrous oxide on the environment and human health, as well as the stringent regulations regarding its usage, may hinder the growth of the market. The market is also expected to witness significant growth in the coming years due to the development of advanced technologies for the production and purification of nitrous oxide.
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).
Key Competitors in the Nitrous Oxide Industry:
1. Airgas, Inc.
Founded in 1982 and headquartered in Pennsylvania, USA, Airgas, Inc. is a leading supplier of industrial gases such as nitrous oxide, oxygen, and hydrogen. The company operates in over 25 countries worldwide, including the United States, Canada, Mexico, and Europe. In 2021, Airgas announced the expansion of its specialty gas production capabilities in the United States, which includes the production of nitrous oxide. In 2021, Airgas announced the expansion of its specialty gas production capabilities in the United States, which includes the production of nitrous oxide.
2. IGL Blue Jamaica
Founded in 1992 and headquartered in Kingston, Jamaica, IGL Blue Jamaica is a subsidiary of the Trinidad-based company, IGL Limited. The company is a major supplier of industrial and medical gases in Jamaica, including nitrous oxide. IGL Limited operates in several Caribbean countries, including Jamaica, Barbados, and Trinidad and Tobago. In 2020, IGL Blue Jamaica announced the launch of its new product, Blue Medigas, which includes nitrous oxide as one of its medical gases.
3. Praxair
Founded in 1907 and headquartered in Connecticut, USA, Praxair is a global supplier of industrial gases such as nitrogen, oxygen, and argon, as well as specialty gases like nitrous oxide. The company operates in over 50 countries worldwide, including the United States, Canada, China, and Europe. In 2020, Praxair announced the expansion of its nitrous oxide production capacity in China to meet the growing demand for the gas in the healthcare industry. In 2020, Praxair announced the expansion of its nitrous oxide production capacity in China to meet the growing demand for the gas in the healthcare industry.
*Definition- Nitrous oxide is a colorless and odorless gas that is commonly used as a mild anesthetic and analgesic in medical and dental procedures, as well as a propellant in whipped cream cans.
