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Industrial Oxygen Market

Industrial Oxygen Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2028

Industrial Oxygen Market: Overview

Industrial oxygen has been used in wide spectrum of applications such as in food, metal making, medical, and pharmaceutical sectors. It has also been used in pulp manufacturing. A range of technologies are used in these application to meet the objective of generating high-purity oxygen. These include cryogenic separation, pressure swing adsorption, membrane technology. Players in the market are leaning on improving these technologies to meet the demanding requirements in nuclear reactors, optical fiber, and semiconductor manufacturing. The consumption of industrial oxygen in the glass industry has also large part of demand. The key application areas are in combustion, oxidation, and fermentation.

Rise in demand for medical-grade oxygen cylinders in the healthcare sector is new avenue for capitalization for suppliers of industrial oxygen.  The two main forms of industrial oxygen are compressed oxygen and refrigerated liquid.

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Industrial Oxygen Market: Competitive Analysis and Key Developments

In recent months, ensuring proper and ample supply of oxygen is crucial around the world to manage the rapidly rising epidemic of the novel coronavirus. Industrial oxygen manufacturers and sellers are required to gird up their loins to provide the gas for meeting the temporary needs of medical oxygen. The Government of India has been actively involved in setting the right regulatory framework for this provisioning, which will crucial for reducing the hospitalization stays due to the patients with coronavirus infections.

The Directorate General of Health Services in view of supporting the proposal by All India Industrial Gases Manufacturer’s Association (AIIGMA) has asked all manufacturers of industrial oxygen in India to sell the gas once their license gets approved. This is a much needed step that is expected to help the healthcare system of the country to combat the coronavirus infection morbidity and mortality.

It is expected that such developments will nudge governments in other nations to urgently frame norms in improving the availability of oxygen. This might offer a big force in increasing the momentum for the growth of the industrial oxygen market.

The names of top players include Southern Industrial Gas Berhad, Taiyo Nippon Sanso, Praxair, Messer Group, Linde Ag, Air Liquide, and Gulf Cryo.

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Industrial Oxygen Market: Key Trends

The demand in the industrial oxygen market has prospered due to its use in wide range of applications. Of these, use of oxygen in metalworking industry and municipal solid waste gasification has fueled the expansion. In developing nations, a number of steel manufacturers have collaborated with manufacturers and sellers of industrial oxygen to ensure a steady supply. Several end-use industries have tried to reduce or fill the gap between the supply and demand for oxygen. This has strengthened the prospects of the industrial oxygen market.

Advances in the chemistry of production of oxygen have also boosted the market.  In addition, strides made by nuclear industry have also bolstered the demand for oxygen. In developing regions of the world, demand in the industrial oxygen has thrived due to the rising application of industrial oxygen in semiconductor manufacturing.

Industrial Oxygen Market: Regional Analysis

The report offers an assessment of the prevailing and emerging opportunities for sellers and manufacturers of oxygen in key regional markets. Some of the regions that contribute promising revenue streams are North America, Europe, Latin America, the Middle East, Africa, and Asia Pacific. North America has been lucrative market, with demand fueled by substantial uptake of high-purity industrial oxygen in all industries.

Meanwhile, Asia Pacific economies are expected to offer sizable revenue shares to the global industrial oxygen market in the next few years. The growth will come from developing countries. Europe is also expected to be a promising market.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Industrial Oxygen Market

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