Global Nitrous Oxide Market Size May Increase to $1595 Million by 2028

Nitrous oxide, with the chemical formula N₂O, is an inorganic substance that can support combustion under certain conditions (similar to oxygen, as it can decompose into nitrogen and oxygen at high temperatures) but is stable at room temperature. It has strong oxidizing properties at high temperatures and can explode when in contact with organic and flammable substances such as acetylene and methane.

Nitrous oxide has a slight anesthetic effect and can cause laughter, hence it is also known as "laughing gas". It was once used as an anesthetic in medicine, but due to its inferior anesthetic effect and significant side effects compared to other anesthetics, it has now been phased out.

Segmented Market Analysis

According to different uses and quality standards, nitrous oxide can be divided into three categories: medical grade, industrial grade, and food grade. Among them, medical-grade nitrous oxide dominates the market. According to our research data, the global medical-grade nitrous oxide sub-market size in 2023 was $841 million, with a market share of 72.44%.

Global Nitrous Oxide Market Size and Share by Type in 2023

Overview of Market Development and Analysis of Competitive Landscape