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The global oxygen market is expected to grow from $26.15 billion in 2020 to $27.26 billion in 2021 at a compound annual growth rate (CAGR) of 4.2%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $37.29 billion in 2025 at a CAGR of 8%.
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The oxygen market consists of sales of oxygen and related services used in various applications such as steel mills to oxidize unwanted impurities in the steel. Oxygen is also used in the food industry, medical oxygen for respiration and in oxy-acetylene torches. Oxygen is a colorlesscolourless non-metallic gas which is highly reactive in nature. Oxygen forms oxides with many compounds and other elements. It is widely used for industrial, medical, and scientific applications as an oxidizing agent or as a catalyst. Oxygen is available in cylinders, spray cans and containers etc.
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The oxygen market report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Some of the major players of the oxygen market are Linde Group, Praxair Technology Inc, Air Liquide, Taiyo Nippon Sanso, Yingde Gases, Air Water Inc, Airgas Inc., Guangdong Haute Gas Co. Ltd, Baosteel Metal Co. Ltd.
The global oxygen market is segmented –
1) By Product Type: Medical Oxygen, Industrial Oxygen, Others
2) By Application: Cosmetics, Pharmaceutical, Automobiles, Mining, Mineral Processing Applications
3) By Application: Metallurgical Industry, Chemical Industry, Health Care Industry, Others
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The oxygen market report describes and explains the global oxygen market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The oxygen report evaluates the market across each region and for the major economies within each region.
The countries covered in the global oxygen market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global oxygen market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Full Report Includes
- Executive Summary
- Report Structure
- Oxygen Market Characteristics
- Oxygen Market Product Analysis
- Oxygen Market Supply Chain
- Key Mergers And Acquisitions In The Oxygen Market
- Market Background: Machinery Manufacturing Market
- Copyright And Disclaimer
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