Global Oxygen Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Oxygen Market Report by The Business Research Company covers oxygen market drivers and restraints, oxygen market size, major players, and the impact of COVID-19 on the oxygen market.
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 colorless 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.
Increasing prevalence of various diseases related to breathing problems contributed to the global oxygen market’s growth by increasing use of oxygen for medical purposes. Diseases such as Chronic Obstructive Pulmonary Disease (COPD) are more prevalent in the geriatric population.
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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Some oxygen market trends include companies involved in the market developing innovative ways to utilize oxygen in various industries such as medical, chemical etc. The rising need among patients across healthcare services acts as a driving force for the companies to find new innovating ways to improve oxygen delivery. In order to improve the oxygen delivery and to monitor the oxygen dosage to patients in respiratory care facilities, Camcon Medical in 2018 introduced Binary Actuation Technology (BAT). BAT is an innovative solution that aids in providing accurate dosage, reduces wastage by provided cost effective solution to the patients who require oxygen therapy. It is through such innovative methods that entities involved in the oxygen market are able to improve economic benefit of the products.
Global oxygen market segments include:
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, Healthcare Industry, Others.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Oxygen Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides oxygen market overviews, analyzes and forecasts market size, share, oxygen market players, oxygen market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The oxygen market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Where To Learn More:
Read Oxygen Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: 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.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Oxygen Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Oxygen Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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