Nitrous Oxide MarketSize and Trends

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.

Market Dynamics

Increasing number of surgeries and dental implants is expected to lead to high adoption of nitrous oxide in the healthcare sector. This in turn is expected to boost growth of the global nitrous oxide market over the forecast period. Nitrous oxide can be inhaled to relieve pain linked to acute coronary syndrome, childbirth, oral surgery, and trauma. It is also used as a rapid and highly effective analgesic gas by ambulance crews in the U.K. and Canada. Its recreational use includes, causing euphoria and/or slight hallucinations.

Other uses of nitrous oxide include, detection of leaks in natural gas pipelines and as a propellant in the munitions-explosives industry.

Market Trends