Global Oxygen Market

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Global Oxygen Market size was valued at US$ 27,741.8 Mn in 2019 and the total revenue is expected to grow at 6.2% through 2020 to 2026, reaching nearly US$ XX Mn.

The global Oxygen market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Oxygen report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Oxygen Market Overview:

Oxygen is utilized for medical hyperbaric therapies in hyperbaric oxygen chambers for the treatment of soft tissue infections, thermal burns, crush injuries, diabetes-related injuries delayed radiation injuries, certain skin grafts, and flaps, etc. Oxygen combines with acetylene used for metal cutting, melting, and welding purposes. Oxygen is also used in mining processes to blast the rocks.
Global Oxygen Market Dynamics:

The high growth of industries including agriculture, automobiles, beverages, chemicals, construction equipment, food, glass, medicine, shipbuilding, space explorations, steel manufacturer, etc. which require oxygen for activities, this, in turn, increasing the oxygen demand across the globe. The various uses of oxygen in the chemical industry as an oxidizing agent and catalyst are driving the oxygen market growth. The use of oxygen in mining and mineral processing is enhancing the production processes, which decreases the cost of production.

Additionally, the oxygen market is directly impacted by the COVID-19 outbreak, like the shortage of ventilators across the globe. To reduce this shortage, biomedical engineers and scientists developed temporary devices to imitator the basic functionality of ventilators using current devices including oxygen concentrators, anesthesia machines, PAP devices, and manual resuscitators.

Oxygen is utilized as an alternative to air to enhance performance and capital efficiency in different industries. Oxygen is used in gasification processes, process heaters, industrial fermentation, and boilers to increase productivity. In water treatment plants, oxygen is added directly to the wastewater to enhance the efficiency of eliminating pollutants from the water. Many celebrities undergo oxygen facials at spas, these facials provide instant nutrition and radiance to the skin. These all factors create lucrative opportunities for the oxygen market growth.

Lack of written safety instructions by oxygen, supplier’s causes damages while handling oxygen apparatus. High cost of producing oxygen for various purposes like medical and industrial, which makes it an expensive chemical, thus restraining the market growth. Oxygen can cause other materials to catch fire. Extra contact with liquid oxygen can damage skin and cause eye irritation. Any leak in oxygen cylinders can cause damage to life. For instance, in June 2019, in China, an Air separation Plant (ASU) blasted because of leakage of oxygen from the container.
Global Oxygen Market Segment Analysis:

By Form, the oxygen market is segmented into solid, liquid, and gaseous. A gaseous segment is held the largest market of around XX% in 2019 and is expected to witness significant growth during the forecast period. Oxygen gas is utilized to treat patients with carbon monoxide poisoning. Breathing devices made from oxygen are used in hospitals to treat patients, likewise by mountaineers and scuba divers.

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By End-Users, the market is segmented into industrial, medical, and scientific. The medical oxygen segment accounted for the major market share of more than XX% in 2019. Medical oxygen segment propelled by growing occurrence of respiratory diseases. Additionally, high growth in the geriatric population is more subject to cardiovascular disorders and lung diseases because low immunity is expected to enhance the segment growth during the forecast period. The growing requirement for home healthcare facilities, better medical services, and growth in technological developments is further driving the segment demand.

Global Oxygen Market

By Application, the market is segmented into cosmetics, pharmaceuticals, automobiles, and mining and mineral processing.
COVID-19 Impact:

Medical oxygen treatment is the main part of COVID-19 patients. Mostly in low and middle-income countries, where supplies of oxygen are likely to insufficient in the pandemic, fuelling the growth of medical oxygen. At the top of COVID-19 cases in China, local producers of liquid oxygen including Air Liquide, Praxair, Linde, and other major industrial gas suppliers were central to ensuring reliable access to oxygen. As COVID-19 outbreaks increase across the globe, many countries struggled to ramp up the production of bulk oxygen to meet patient’s needs. In Italy, oxygen consumption is tripled, and imposing significant increases in production and installation of bulk storage tanks onsite at designated COVID-19 treatment services. Liquid oxygen suppliers have promptly create new methods to ensure sufficient supplies of oxygen to existing and large hospitals in the Europe, U.K., and U.S.

Global Oxygen Market

Moreover, the second wave of COVID-19 in India has majorly hampered the healthcare system. The second most populated country in the world has seen many coronavirus patients, mainly because of lack of medical oxygen. In May 2021, the medical oxygen demand in India is reached almost 2.3 a million standards per day, by data from NGO PATH. Also, Brazil required around 385,000 cylinders per day.
Global Oxygen Market Regional Insights:

Asia Pacific Dominate the Global Oxygen Market

Asia Pacific held the largest share of the oxygen market over XX% in 2019 thanks to high growth in the manufacturing and healthcare sectors. Rising growth in the mineral and mining activities, oxygen is the main catalyst, helps in the growth of oxygen market in the Asia Pacific. Economies including China, Japan, India, Australia, and New Zealand are contributing to the oxygen market growth in the region.

North America and Europe are substantially increasing thanks to the rising adoption of oxygen in waste recycle and scientific usage. North American countries including U.S. and Canada and European countries including Italy, Germany, the UK, France, Spain, Poland, and Russia are the largest contributor to market growth.

Global Oxygen Market

The objective of the report is to present a comprehensive analysis of the Global Oxygen market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global Oxygen market dynamics, structure by analyzing the market segments and project the Global Oxygen market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Oxygen market make the report investor’s guide.

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Global Oxygen Market Scope: Inquire before buying

Global Oxygen Market
Global Oxygen Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Oxygen Market Key Players

• 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.
• Air Products and Chemicals Inc.
• Mitsubishi Chemical Holdings Corporation
• Others

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