Oxygen Market size was valued at USD 28.25 Billion in 2023 and the total Oxygen Revenue is expected to grow at a CAGR of 12.8 % from 2024 to 2030, reaching nearly USD 66.80 Billion in 2030.
Oxygen Market Overview:
One of the most important gases for life’s respiration is oxygen. In the natural world, oxygen is produced by plants through the process of photosynthesis. Liquification, followed by the separation of other gases and distillation, is the process used to extract oxygen from the air. The oxygen is 90–95% pure and is referred to as industrial oxygen. It is also utilized in steel furnaces and for burning explosives in underground mines.
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Oxygen Market Dynamics:
The Emergency Use Authorization program established by the U.S. FDA has made oxygen concentrator use permissible, which is expected to drive up demand for medical oxygen systems over the projected period.
Market Scope:
PESTEL and PORTER evaluations are included in the study, along with the potential impacts of market microeconomic variables. The examination of internal and external factors that may positively or negatively affect the company will give decision-makers a clear picture of the future of the industry.
Segmentation:
by Form
Solid
Liquid
Gaseous
by Application
Cosmetics
Pharmaceutical
Automobiles
Mining And Mineral Processing
by End User
Industrial
Medical
Scientific
Key Players:
The research presents a competitive landscape through an in-depth examination of significant strategic developments undertaken by key market players in the oxygen sector over time. The leading players in the global oxygen market include:
1. Linde Group
2. Praxair Technology Inc
3. Air Liquide
4. Taiyo Nippon Sanso
5. Yingde Gases
6. Air Water Inc.
7. Airgas Inc.
8. Guangdong Haute Gas Co. Ltd
9. Baosteel Metal Co. Ltd.
10. Air Products and Chemicals Inc.
11. Mitsubishi Chemical Holdings Corporation
12. Gulf Cryo
13. Norco, Inc.,
14. SOL S.p.A,
15. The Messer Group GmbH,
16. Getinge AB
17. Hersill SL
18. Koninklijke Philips N.V
19. Smiths Group plc.
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Regional Analysis:
The following regions are included in the report’s evaluation of the global oxygen market:
North America: (Canada, Mexico, and the United States)
Europe (including Austria, Sweden, Germany, Italy, Spain, UK, and France)
Asia Pacific includes Bangladesh, Pakistan, Taiwan, Malaysia, Vietnam, South Korea, Japan, India, Australia, Indonesia, and the rest of APAC.
Africa and the Middle East (South Africa, GCC, Egypt, Nigeria, and the Remainder of ME&A)
South America (including Argentina and Brazil)
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COVID-19 Impact Analysis on the Market:
The COVID-19 pandemic will have a significant influence on the market and is already causing notable effects throughout the world. The outbreak has caused several disruptions, including quarantines, travel restrictions, restaurant closures, limited outdoor and inside events, and flight cancellations. More than thirty countries have declared states of emergency.
Key Questions Answered in the Oxygen Market Report:
What level of competition is there in the market for oxygen?
What are the main drivers of the oxygen market’s expansion?
Which area of the oxygen market has the biggest share?
What will the oxygen market’s compound annual growth rate be between 2024 and 2030?
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