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 the sales of oxygen by entities (organizations, sole traders or partnerships) that manufacture oxygen gas in compressed, liquid, and solid forms. Oxygen is used as medical oxygen for respiration, as industrial gas in different industries, and is also used 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, containers and others.
The global oxygen market is expected to recover slightly from COVID-19 crisis and grow from $27,548.0 million in 2020 to $27,482.3 million in 2023 at a rate of 0.11%. The market is expected to reach $30,052.0 million in 2025, and $ 36,553.2 million in 2030.
The increased demand for portable oxygen driven by home healthcare is expected to drive the market. A portable oxygen concentrator is a medical device that helps individuals with a low level of blood oxygen. The device is used to provide oxygen therapy to people that require greater oxygen concentrations than the levels of ambient air. The factors fueling the demand for portable oxygen concentrators is an increasing prevalence of chronic obstructive pulmonary diseases, growing consumer awareness for oxygen therapy devices, a changing consumer lifestyle, and a rise in investment by manufacturing companies towards the production of homecare products. People are also increasingly using oxygen pods or oxygen therapy for anti-ageing applications.
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Some oxygen market trends include adopting advanced manufacturing technologies to increase production and meet delivery challenges. Customized multi-train air separation projects can present a number of design and delivery challenges, particularly in remote locations. Moreover, many oxygen manufacturers are adopting IoT technologies to connect equipment and smart devices to garner real time insights and locate gaps in the manufacturing process. The data obtained is processed, analyzed and interpreted by plant managers and senior level management to improve quality and achieve optimum production levels.
Global oxygen market segments include:
1) By Product Type: Medical Oxygen, Industrial Oxygen, Others
2) By Application: Mineral Processing, Automobiles, Healthcare, Cosmetics, Mining, Pharmaceuticals, Others
3) 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 Opportunities And Strategies: Forecast 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 identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Oxygen Opportunities And Strategies: Forecast 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: Air Liquide, The Linde Group, Mitsubishi Chemical Holdings Corporation, Air Products and Chemicals Inc., Yingde Gases
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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