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Growth of the population globally is expected to drive the demand for oxygen going forward, as per The Business Research Company’s oxygen market opportunities and strategies report.

The oxygen market is expected to grow from $30.24 billion in 2021 to $53.79 billion in 2026 at a rate of 12.2%. The market is then expected to decline at a compound annual growth rate (CAGR) of 11.4% from 2026 and reach $92.14 billion in 2031.

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Major players in the oxygen market include Air Liquide The Linde Group, Mitsubishi Chemical Holdings Corporation, Air Products and Chemicals Inc., Yingde Gases.

Oxygen gas manufacturers are 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.

The Global Oxygen Market Is Segmented:
By Product Type: Medical Oxygen, Industrial Oxygen, Other Product Types

By Application: Cosmetics, Pharmaceutical, Automobiles, Mining, Mineral Processing, Healthcare, Other Applications

By Form: Compressed, Liquid, Gaseous

By End-User Industry: Metallurgical Industry, Chemical Industry, Health Care Industry, Other End-Use Industries

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific is the largest region in the global oxygen market.

TBRC’s Oxygen Market Report Covers:

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 (2016-21) and ten years forecast (2022-2026-2031)

The Oxygen Market Report 2022 – Opportunities And Strategies – Global Forecast To 2031 is one of a series of new reports from The Business Research Company that provides thorough oxygen market research, analyzes and forecasts oxygen market size, oxygen market share, oxygen market players, oxygen market trends, oxygen market segmentation and geographies, leading competitor revenues, profiles and market shares.

TBRC’s oxygen market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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.

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