There were 1,117 press releases posted in the last 24 hours and 412,545 in the last 365 days.

Industrial Sector Dominates The Oxygen Market Even Through COVID-19 Increased Medical Oxygen Demand As Per The Business Research Company's Report On The Oxygen Market

This report describes and evaluates the global oxygen market. It covers three five-year periods, including 2015 to -2020, termed the historic period, 2020-2025 forecast period and 2025-2030 a further forecast period.

LONDON, Oct. 21, 2021 (GLOBE NEWSWIRE) -- According to The Business Research Company’s research report on the oxygen market, the oxygen market is segmented by type into medical oxygen, industrial oxygen, and others. The industrial oxygen market was the largest segment of the oxygen market segmented by type, accounting for 73.0% of the total in 2020. Going forward, the others market is expected to be the fastest growing segment in the oxygen market segmented by type, at a CAGR of 9.4% during 2020-2025.

The industrial oxygen market consists of sales of industrial oxygen by entities that manufacture oxygen for industrial purpose. Industrial oxygen is used in multiple industries such as steel mills, automobile manufacturing, cosmetics, pharmaceuticals, and other industries.

The medical oxygen market consists of sales of medical oxygen by entities that manufacture oxygen for medical purposes. Medical oxygen is used to provide life support for artificially ventilated patients, to aid cardiovascular stability, as part of all modern anesthetic techniques and similar other medical necessities.

The demand for medical oxygen increased significantly globally due to the COVID-19 outbreak. The European Industrial Gases Association says members such as Air Liquide and Linde were experiencing 5–10 times the usual demand for medical oxygen. In Italy and Eastern France, Air Liquide had seen 4–6 times the normal demand for medical oxygen. On the other hand, the demand for industrial oxygen was impacted owing to the uncertain economic conditions due to the COVID-19 outbreak. Several steel plants had been closed during the lockdown period. In India, given the closure of operations in most industries, the nation’s steel demand in 2020-21 is expected to decline by about 15%, which is likely to negatively impact the growth of the industrial oxygen market.

The Business Research Company’s report titled Oxygen Market - By Type (Medical Oxygen, Industrial Oxygen, Others), By End-User Sector (Mineral Processing, Automobiles, Healthcare, Cosmetics, Mining, Pharmaceuticals, Others), And By Region, Opportunities And Strategies - Global Forecast To 2030 covers major oxygen companies, oxygen market share by company, oxygen manufacturers, oxygen market size, and oxygen market forecasts. The report also covers the global oxygen market and its segments.

Request For A Sample Of The Global Oxygen Market Report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=2699&type=smp

The oxygen market is highly concentrated, with a small number of large players dominating the market. The top ten competitors in the market made up to 53.65% of the total market in 2020. The market concentration can be attributed to the high entry barriers and high costs associated with expansion. Going forward the market is expected to experience further consolidation with the rising number of mergers and collaboration among players in the market. Air Liquide was the largest competitor with 18.64% share of the market, followed by The Linde Group, Mitsubishi Chemical Holdings Corporation, Air Products and Chemicals Inc., Yingde Gases, Taiyo Nippon Sanso, Air Water Inc., Messer Group GmbH, Iwatani International Corporation, and Guangdong Huate Gas Co., Ltd.

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%.

Asia Pacific was the largest region in the oxygen market, accounting for 40.6% of the total in 2020. It was followed by North America, and then the other regions. Going forward, the fastest-growing regions in the oxygen market will be South America and Eastern Europe where growth will be at CAGRs of 14.2% and 13.7% respectively. These will be followed by Africa and the Middle East, where the markets are expected to grow at CAGRs of 13.2% and 10.9% respectively.

Going forward, global population growth and urbanization, increasing demand for oxygen due to COVID-19, applications of oxygen in healthcare, growing demand from different industries and geriatric population will drive the growth of the market. Factors that could hinder the growth of the oxygen market in the future include uncertain demand from industry, alternative products for healthcare applications and transportation challenges.

Oxygen Global Market Report 2021 COVID-19 Impact And Recovery is one of a series of new reports from The Business Research Company that provide oxygen market overviews, oxygen market analyze and forecast market size and growth for the whole market, oxygen market segments and geographies, oxygen market trends, oxygen market drivers, oxygen market restraints, oxygen market leading competitors’ revenues, profiles and market shares in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies.

The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports By The Business Research Company:

Oxygen Concentrators Global Market Report 2021 - By Type (Portable, Stationary), By Technology (Pulse Dose, Continuous Flow), By Application (Chronic Obstructive Pulmonary Disease (COPD), Lung Cancer, Pneumonia), By End User (Hospitals, Home Care), COVID-19 Implications And Growth

Industrial Gas Global Market Report 2021 - By Type (Nitrogen, Oxygen, Carbon Dioxide, Hydrogen, Other Industrial Gas), By End-User Industry (Chemicals, Metallurgy, Manufacturing, Food & Beverage, Healthcare), By Mode of Supply (Bulk, Packaging, Pipe Line), By Packaging (Cylinders, Bottles, Canisters, Cartridges, Cryogenic Tanks/Vessels), COVID-19 Impact And Recovery

Respiratory Devices And Equipment (Therapeutic And Diagnostic) Global Market Report 2021 - By Type (Diagnostic devices, Therapeutic devices, Monitoring devices), By End User (Hospitals, Clinics, Homecare settings, Ambulatory service centers), By Therapeutic Devices (Humidifiers, Nebulizers, Oxygen concentrators, Positive Airway Pressure (PAP) Devices, Ventilators, Others), By Diagnostic Devices (Spirometer, Polysomnographs, Peak Flow Meters), By Monitoring Devices (Pulse oximeters, Capnographs, Gas analyzers, By Application (Chronic Obstructive Pulmonary Disease (COPD), Asthma, Obstructive Sleep Apnea (OSA), Respiratory Distress Syndrome (RDS), Cystic Fibrosis, Pneumonia)), COVID-19 Implications And Growth

Interested to know more about The Business Research Company?

The Business Research Company is a market intelligence firm that excels in company, market, and consumer research. Located globally it has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology.

Get a quick glimpse of our services here: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

The World’s Most Comprehensive Database

The Business Research Company’s flagship product, Global Market Model, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.



The Business Research Company

Europe: +44 207 1930 708

Asia: +91 8897263534

Americas: +1 315 623 0293

Email: info@tbrc.info

Follow us on LinkedIn: https://in.linkedin.com/company/the-business-research-company

Follow us on Twitter: https://twitter.com/tbrc_info

Check out our Blog: http://blog.tbrc.info/

Primary Logo