Market Material Research

The global   nitrous oxide market   size was valued at USD 1.3 billion in 2022 and is projected to reach USD 2.30 billion by 2030, expanding at a CAGR of 7.9% from 2023 to 2030. The rising use of nitrous oxide across diverse industries, including automotive, electronics, medical, and food & beverages, is one of the key drivers propelling market growth. A significant portion of demand is emerging from the Asia Pacific region, driven by the growing prevalence of chronic illnesses and the increasing geriatric population in major economies such as China and India. Nitrous oxide, widely referred to as laughing gas, is a colorless, non-flammable gas with a slightly sweet odor. It has broad applications in both medical and non-medical domains. In non-medical industries, it is commonly used in car racing, the semiconductor sector, and food processing. Within the medical field, nitrous oxide functions as both an analgesic and anesthetic, making it a vital component in surgical and ...

The global   nickel mining market   size was valued at USD 90.57 billion in 2024 and is projected to reach USD 105.82 billion by 2033, growing at a CAGR of 2.0% from 2025 to 2033. Market growth is primarily driven by the increasing demand from the stainless steel industry. Nickel plays a vital role as an alloying element that enhances the strength, corrosion resistance, and heat tolerance of stainless steel. With rapid industrialization in emerging economies, particularly across Asia Pacific and Latin America, the construction and infrastructure sectors are expanding significantly. This trend fuels stainless steel consumption and, in turn, sustains the demand for nickel mining. In addition to stainless steel, nickel has become indispensable for lithium-ion battery production, particularly in high-nickel chemistries such as NMC (Nickel Manganese Cobalt) and NCA (Nickel Cobalt Aluminum). These chemistries deliver higher energy density and longer driving ranges, making them essen...