Press release
Industrial Oxygen Market is Expected to grow at a CAGR of 6% During Forecast Period 2020 to 2030
Attributed to high demand for high purity oxygen from a range of end-use industries, currently, the global high purity oxygen market accounts for nearly one-third of the global industrial gas market.Browse Full Report - https://www.factmr.com/report/619/high-purity-oxygen-market
Most demand has been driven by the steel industry, in which, over three-fourth of the steel is produced using high purity oxygen. Apart from the steel industry, the chemical industry has experienced higher growth as compared to other end-use segments.
Growing demand for high purity oxygen in the chemical industry to increase reaction rate and yield efficiency will amplify market growth during the forecast period.
These aforementioned factors are projected to fuel the global high purity oxygen market at a CAGR of 6%, surpassing a market valuation of US$ 44.5 Bn by 2030-end.
Key Takeaways from High Purity Oxygen Market Study
Industrial grade has remained the primary grade consumed by end-use industries, currently accounting for over three-fourth of global consumption.
To remain ‘ahead’ of your competitors, request for a sample - https://www.factmr.com/connectus/sample?flag=S&rep_id=619
On the basis of supply, developed countries such as the United States, Germany, France, Belgium, the U.K., etc., are moving towards pipeline networks, which will drive this segment at a leading growth rate of 5% in the global high purity oxygen market.
Metal production and fabrication have driven the consumption of high purity oxygen during the historical period.
The medical & healthcare segment is set to create an absolute $ opportunity worth US$ 2 Bn by 2030.
China, being the largest steel and chemical producer, has driven the consumption of high purity oxygen, and currently accounts for over one-third of global consumption.
“The uncertain COVID-19 outbreak has skyrocketed the demand for medical grade oxygen, and this segment is poised to generate over 4 to 5 times more demand in 2020 as compared to 2019,”
says a Fact.MR analyst.
Widespread Gas Pipeline Network Emerging As Key Strategy of Market Titans
Increasing demand from end-use industries in order to sustain high profit margins in this competitive market, industrial giants have established huge pipeline networks to provide fast services to their consumers.
For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=619
This will not only help suppliers in the high purity oxygen market to maintain their margins but also provide end users with continuous reliable supply. For instance, Linde has established a pipeline network in its core regions, and in result, it supplies reliable and economic industrial gases to its high-end consumers.
In order to align with this market trend, Taiyo Nippon Sanso Corporation successfully established a new underground piping network in 2019, which spans 20 kms in Vietnam’s southern region.
The report answers important questions which include:
• Why is player leading the Industrial Oxygen Market in region?
• Which factors pose a negative impact on the Industrial Oxygen Market growth?
• What was the value registered by the Industrial Oxygen Market in 2018?
• What challenges do the Industrial Oxygen Market players face during R&D stages?
• Which countries contribute a significant share to the total market revenue in region?
Full Access of this Exclusive Report is Available at- https://www.factmr.com/checkout/619
Key findings of the Market report:
• Prominent manufacturers, raw material suppliers, equipment providers, traders, and distributors in the Industrial Oxygen market.
• In-depth analysis of important market segments, market potential, impacting trends, and challenges.
• Critical examination of the strengths, weaknesses, opportunities and threats of each Market player.
• Extensive investigation of the effects of the growth of relevant industries.
• Accurate data regarding the future prospects of the Market during the forecast period.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com
Research Insight: https://www.factmr.com/report/619/high-purity-oxygen-market
Content Source: https://www.factmr.com/media-release/1691/global-high-purity-oxygen-market
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Industrial Oxygen Market is Expected to grow at a CAGR of 6% During Forecast Period 2020 to 2030 here
News-ID: 2300333 • Views: …
More Releases from Fact.MR
Superfoods - Top Global Industry Trends in 2026
The global superfoods market is experiencing significant expansion, driven by growing consumer interest in preventive healthcare, nutritional optimization, and functional food solutions. Superfoods-including antioxidant-rich fruits, nutrient-dense vegetables, ancient grains, seeds, herbs, and roots-are increasingly incorporated into everyday diets, dietary supplements, beverages, and functional foods. This report provides insights into market size, growth drivers, European dynamics, technology trends, and strategic implications for stakeholders.
Market Size and Growth
Globally, the superfoods market is projected…
European Semiconductor Chemical Vapor Deposition Equipment Market Outlook 2025-2 …
The European semiconductor chemical vapor deposition (CVD) equipment market is poised for robust growth from 2025 to 2035, driven by rising semiconductor fabrication investments, increasing adoption of advanced manufacturing processes, and growing demand for next-generation electronic devices. CVD equipment-including atmospheric-pressure CVD, low-pressure CVD, metal-organic CVD, and density-plasma CVD systems-is essential for precise thin film deposition, enabling high-performance semiconductor device fabrication for logic chips, memory chips, analog devices, and optoelectronics. This…
European Stick Packaging Market Outlook 2025-2035: Key Developments and Future S …
The European stick packaging market is poised for strong growth from 2025 to 2035, driven by rising consumer demand for convenient, single-serve packaging solutions, increasing adoption of sustainable materials, and technological advancements in flexible packaging formats. Stick packaging-including BOPP, PE, paper, metallized films, and hybrid formats-plays a critical role in food, beverage, pharmaceutical, and cosmetic applications, providing portion control, product protection, and hygiene benefits. This report highlights market size, growth…
European Manganese Mining Market Outlook 2025-2035: Key Developments and Future …
The European manganese mining market is set for steady growth between 2025 and 2035, driven by increasing demand from the steel and battery manufacturing sectors, rising infrastructure investments, and the expansion of electric vehicle production. Manganese, a critical component in steel alloys and lithium-ion battery cathodes, plays a vital role in enhancing structural integrity, corrosion resistance, and electrochemical performance. This report highlights market size, growth drivers, regional dynamics, technology trends,…
More Releases for Industrial
Industrial Display Market: Technology Advancements Driving Industrial Visualizat …
In recent years, the global Industrial Display Market has transformed significantly, driven by evolving consumer preferences, rapid technological advancements, and an increasing focus on sustainability. Our comprehensive Industrial Display Market Research Report is your essential guide to navigate this dynamic landscape, offering actionable insights into emerging trends, growth drivers, and key opportunities for your business.
Unlock in-depth analyses of the competitive supplier landscape, demand dynamics, and market projections with…
Industrial Display Market: Technology Advancements Driving Industrial Visualizat …
In recent years, the global Industrial Display Market has transformed significantly, driven by evolving consumer preferences, rapid technological advancements, and an increasing focus on sustainability. Our comprehensive Industrial Display Market Research Report is your essential guide to navigate this dynamic landscape, offering actionable insights into emerging trends, growth drivers, and key opportunities for your business.
Unlock in-depth analyses of the competitive supplier landscape, demand dynamics, and market projections with…
Industrial Auction Services Market Auctioning Industrial Assets By 2030 | Heath …
The Report on "Industrial Auction Services Market" provides Key Benefits, Market Overview, Regional Analysis, Market Segmentation, Future Trends Upto 2030 by Infinitybusinessinsights.com. The report will assist reader with better understanding and decision making.
The industrial auction services market is a diverse and dynamic sector that encompasses a wide range of industries, including manufacturing, construction, automotive, and more. These services are utilized by companies looking to optimize their asset management, streamline operations,…
RDM Industrial Products - Laboratory and Industrial Furniture Supplier
RDM Industrial Products Inc. is one of the most reputed and leading laboratory and industrial furniture solutions supplier and manufacturer. The company was established in 1977 and has been serving their growing clientele proudly for over 40 years. Their quality products cater to industries including healthcare, electronics, biotechnology, laboratory, industrial and more. The company is based out of California and their shipments are done all across the globe. QUALITY-SERVICE-TIMING are…
Industrial Fasteners Market # industrial fasteners and supply # industrial faste …
An insightful study, titled “Global Industrial Fasteners Market” has been freshly broadcasted to the vast research repository of Market Research Reports Search Engine (MRRSE). The research study provides detailed comprehensions and forecasts future growth of the global market with an in-depth study of the factors impacting revenue growth throughout the mentioned forecast period. Further, a deep analysis on the major players from diverse regions is also present in the report.
Get…
Global Industrial PC Market To Reach Us$8,784.2 Mn By 2025: By Type - Panel Indu …
Researchmoz added Most up-to-date research on "Global Industrial PC Market To Reach Us$8,784.2 Mn By 2025: By Type - Panel Industrial PC, Box Industrial PC And Embedded Industrial PC" to its huge collection of research reports.
Industrial PC is a ruggedized system designed to perform computing applications for various industries. Industrial PC is a PC-based computing podium mainly used for data acquisition or process control, and in some cases, it is…
