As per this study the Global Industrial Oxygen Market was valued USD XX BN (by revenue) in 2021 and is anticipated to reach USD XX BN by 2027 with a CAGR of XX%.
Industrial oxygen is used across manufacturing, chemical, metal, and other industries owing to its excellent combustion, oxidation and fermentation properties. It is used to improve yield, maximize performance by lowering production cost across applications. Primarily, oxygen is used for respiratory purpose in healthcare facilities but has expanded its use in space rocket engines, pulp manufacturing, blast furnace, smelters, knits, etc.
Rising demand of oxygen from healthcare sector for life saving purpose is driving the market growth. Key role of oxygen in gasification to generate steam or electricity is further fueling the market demand. Also, rising demand of oxygen to enhance combustion in iron, steel, glass and concrete manufacturing industries is again boosting the market growth. Growing demand of pure oxygen for laboratories, nuclear reactors, and optical fiber and semiconductor manufacturing is again pushing the market growth uphill.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of industrial oxygen.
The broad industrial oxygen market has been sub-grouped into product, application and end-use industries. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Compressed Oxygen
- Refrigerated Liquid
By End-Use Industries
- Water Treatment
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for industrial oxygen in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Industrial Oxygen Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the industrial oxygen include Air Liquide, Air Products and Chemicals Inc., Gulf Cryo, Linde Ag, Matheson Gas, Messer Group, Nexair LLC, Praxair, Southern Industrial Gas Berhad and Taiyo Nippon Sanso. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.