According to a new report, published by KBV research, The Global Nitrous Oxide Market size is expected to reach $2.0 billion by 2030, rising at a market growth of 7.6% CAGR during the forecast period. In the year 2022, the market attained a volume of 5,217.18 Hundred Tonnes, experiencing a growth of 5.0% (2019-2022).
The Automotive segment is experiencing a CAGR of 8.3% during (2023 - 2030). Nitrous oxide is used in automotive applications to boost engine performance. A temporary increase in power can be achieved by injecting nitrous oxide into the engine, attracting performance enthusiasts. This application may drive demand for nitrous oxide in the automotive aftermarket. In motorsports, especially drag racing, nitrous oxide is a popular choice for providing a quick burst of additional oxygen to the engine, allowing for increased combustion and power.
The Asia Pacific region is generating the highest revenue in the Global Nitrous Oxide Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $753.5 million by 2030. The Europe region is poised to grow at a CAGR of 6.9% during (2023 - 2030). Additionally, The North America region would witness a CAGR of 7.3% during (2023 - 2030).
Full Report:https://www.kbvresearch.com/nitrous-oxide-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Linde PLC, Chart Industries, Inc., Nippon Sanso Holdings Co., Ltd. (Mitsubishi Chemical Holdings), SOL Group, Merck KGaA, Air Liquide S.A., Ellenbarrie Industrial Gases Limited, Air Products and Chemicals, Inc., Promas Engineers Pvt. Ltd., and SS GASLAB ASIA PVT. LTD.
By Application (Volume, Hundred Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Hundred Tonnes, USD Billion, 2019-2030)
Companies Profiled
Unique Offerings 
