Oxygen Market to Experience Explosive Growth with a CAGR of 12.8 percentage by 2030

The 𝐎𝐱𝐲𝐠𝐞𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 size was valued at USD 28.25 Billion in 2023 and the total Oxygen Revenue is expected to grow at a CAGR of 12.8 % from 2024 to 2030, reaching nearly USD 66.80 Billion in 2030.

𝐎𝐱𝐲𝐠𝐞𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

Oxygen is an essential gas for respiration across living organisms, and it plays a critical role in various industrial applications. In nature, oxygen is primarily produced by plants during photosynthesis, but industrial oxygen, which is obtained through the process of liquefaction, separation, and distillation, is used in numerous sectors. The oxygen produced in this manner has a purity of 90-95%, making it suitable for industrial applications such as steel manufacturing and mining, where it is used in furnaces and for the combustion of explosives. Additionally, oxygen is crucial for medical purposes, such as artificial respiration in hospitals, for use in high-altitude environments, and in aircraft and jet engines.

𝐖𝐚𝐧𝐭 𝐭𝐨 𝐒𝐞𝐞 𝐭𝐡𝐞 𝐓𝐫𝐞𝐧𝐝𝐬? 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐓𝐨𝐝𝐚𝐲 :https://www.maximizemarketresearch.com/request-sample/101829/

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐎𝐱𝐲𝐠𝐞𝐧 𝐌𝐚𝐫𝐤𝐞𝐭:

The oxygen market is witnessing rapid growth, largely fueled by the rising global incidence of chronic respiratory diseases. Conditions like Chronic Obstructive Pulmonary Disease (COPD) affect millions of people worldwide, contributing to a growing demand for medical oxygen. As the number of patients with respiratory ailments increases, so does the need for oxygen therapy in hospitals, clinics, and home healthcare settings. Additionally, the ongoing advancements in medical technology, including portable oxygen concentrators and IoT-integrated systems, are facilitating better patient management and driving the demand for oxygen systems across various healthcare facilities.

𝐎𝐱𝐲𝐠𝐞𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

In recent years, the oxygen market has experienced significant trends, especially in the healthcare sector. One of the major trends is the increasing adoption of home healthcare solutions. With the rise in telemedicine and remote monitoring, oxygen concentrators are being integrated with digital technologies to provide real-time data on patient health. This shift towards remote healthcare has made portable oxygen systems more accessible and efficient, meeting the needs of patients who require oxygen therapy outside of traditional hospital settings. The growing preference for lightweight, portable oxygen cylinders, especially those made from materials like aluminum, is making oxygen more accessible to patients in ambulances, homes, and during transport.

𝐓𝐡𝐞 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬 𝐜𝐚𝐧 𝐄𝐧𝐪𝐮𝐢𝐫𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 :https://www.maximizemarketresearch.com/inquiry-before-buying/101829/

𝐌𝐞𝐫𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬

𝐕𝐢𝐞𝐭𝐧𝐚𝐦'𝐬 𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐎𝐱𝐲𝐠𝐞𝐧 𝐏𝐫𝐨𝐯𝐢𝐝𝐞𝐫 𝐉𝐨𝐢𝐧𝐬 𝐅𝐨𝐫𝐜𝐞𝐬 𝐰𝐢𝐭𝐡 𝐌𝐚𝐣𝐨𝐫 𝐆𝐥𝐨𝐛𝐚𝐥 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
In a landmark merger, 𝐕𝐢𝐞𝐭𝐀𝐢𝐫 𝐎𝐱𝐲𝐠𝐞𝐧 𝐂𝐨𝐦𝐩𝐚𝐧𝐲 of Vietnam has partnered with 𝐀𝐢𝐫 𝐋𝐢𝐪𝐮𝐢𝐝𝐞, a global leader in industrial gases. This acquisition enhances VietAir's production capacity and extends its geographical footprint across Southeast Asia, particularly in the healthcare and industrial sectors.

𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝'𝐬 𝐎𝐱𝐲𝐠𝐞𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐞𝐬 𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 𝐰𝐢𝐭𝐡 𝐍𝐞𝐰 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧
𝐓𝐡𝐚𝐢 𝐎𝐱𝐲𝐠𝐞𝐧 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐂𝐨., 𝐋𝐭𝐝. (TOI), Thailand's largest oxygen supplier, recently acquired 𝐋𝐢𝐧𝐝𝐞 𝐆𝐚𝐬 in a strategic move to improve its technological capabilities and reach new industrial sectors. This acquisition positions TOI as a leader in the Asia-Pacific oxygen market, tapping into new opportunities for medical and industrial oxygen distribution.

𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞'𝐬 𝐀𝐢𝐫 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐌𝐚𝐤𝐞𝐬 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧 𝐭𝐨 𝐒𝐭𝐫𝐞𝐧𝐠𝐭𝐡𝐞𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐫𝐞𝐬𝐞𝐧𝐜𝐞
In Singapore, 𝐀𝐢𝐫 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐚𝐧𝐝 𝐂𝐡𝐞𝐦𝐢𝐜𝐚𝐥𝐬, 𝐈𝐧𝐜., a global leader in oxygen and other industrial gases, has expanded its operations with the acquisition of 𝐆𝐮𝐥𝐟 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐆𝐚𝐬𝐞𝐬, a major player in Southeast Asia. This move strengthens Air Products' position in the medical oxygen market and boosts its portfolio of environmental solutions.

𝐉𝐚𝐩𝐚𝐧'𝐬 𝐎𝐱𝐲𝐠𝐞𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐞𝐬 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩𝐬
𝐒𝐮𝐦𝐢𝐭𝐨𝐦𝐨 𝐂𝐡𝐞𝐦𝐢𝐜𝐚𝐥 has partnered with 𝐌𝐢𝐭𝐬𝐮𝐛𝐢𝐬𝐡𝐢 𝐆𝐚𝐬 𝐂𝐡𝐞𝐦𝐢𝐜𝐚𝐥 to establish a new high-efficiency oxygen production facility in Japan. The joint venture focuses on improving oxygen supply systems for medical, industrial, and research applications, addressing increasing demand across the country.

𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚 𝐒𝐭𝐫𝐞𝐧𝐠𝐭𝐡𝐞𝐧𝐬 𝐎𝐱𝐲𝐠𝐞𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐋𝐞𝐚𝐝𝐞𝐫𝐬𝐡𝐢𝐩
𝐇𝐲𝐮𝐧𝐝𝐚𝐢 𝐂𝐡𝐞𝐦𝐢𝐜𝐚𝐥 𝐂𝐨𝐦𝐩𝐚𝐧𝐲 recently acquired Linde Korea to further consolidate its position in the industrial gases market. This acquisition is expected to increase Hyundai Chemical's production capacity, especially for industrial oxygen and nitrogen, catering to sectors such as automotive and construction.

𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐌𝐞𝐫𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐃𝐫𝐢𝐯𝐞 𝐎𝐱𝐲𝐠𝐞𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡
In Europe, 𝐀𝐢𝐫 𝐋𝐢𝐪𝐮𝐢𝐝𝐞 continues its aggressive acquisition strategy, purchasing The 𝐋𝐢𝐧𝐝𝐞 𝐆𝐫𝐨𝐮𝐩'𝐬 European oxygen assets. This merger allows Air Liquide to expand its market share in the European oxygen sector, particularly in the medical and healthcare markets, as demand for medical oxygen surges amid global health challenges.

𝐔𝐒𝐀: 𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐞 𝐭𝐡𝐞 𝐎𝐱𝐲𝐠𝐞𝐧 𝐌𝐚𝐫𝐤𝐞𝐭
𝐏𝐫𝐚𝐱𝐚𝐢𝐫, 𝐈𝐧𝐜., a subsidiary of 𝐋𝐢𝐧𝐝𝐞 𝐆𝐫𝐨𝐮𝐩, has made a significant acquisition of 𝐀𝐢𝐫 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬' 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐠𝐚𝐬 𝐝𝐢𝐯𝐢𝐬𝐢𝐨𝐧 in the United States. The merger strengthens Praxair's position in North America, offering advanced oxygen solutions to a broader range of industries, from healthcare to manufacturing.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐮𝐥𝐥 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 @https://www.maximizemarketresearch.com/request-sample/101829/

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐎𝐱𝐲𝐠𝐞𝐧 𝐌𝐚𝐫𝐤𝐞𝐭:

by Form

Solid
Liquid
Gaseous

by Application

Cosmetics
Pharmaceutical
Automobiles
Mining And Mineral Processing

by End User

Industrial
Medical
Scientific

𝐖𝐡𝐨 𝐢𝐬 𝐭𝐡𝐞 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫𝐬 𝐨𝐟 𝐎𝐱𝐲𝐠𝐞𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐰𝐨𝐫𝐥𝐝𝐰𝐢𝐝𝐞?

1. Linde Group
2. Praxair Technology Inc
3. Air Liquide
4. Taiyo Nippon Sanso
5. Yingde Gases
6. Air Water Inc.
7. Airgas Inc.
8. Guangdong Haute Gas Co. Ltd
9. Baosteel Metal Co. Ltd.
10. Air Products and Chemicals Inc.
11. Mitsubishi Chemical Holdings Corporation
12. Gulf Cryo
13. Norco, Inc.,
14. SOL S.p.A,
15. The Messer Group GmbH,
16. Getinge AB
17. Hersill SL
18. Koninklijke Philips N.V
19. Smiths Group plc.

𝐅𝐨𝐫 𝐦𝐨𝐫𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐯𝐢𝐬𝐢𝐭:https://www.maximizemarketresearch.com/market-report/global-oxygen-market/101829/

𝐊𝐞𝐲 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬:

Past Market Size and Competitive Landscape
Oxygen Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Oxygen Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 :

♦ Fuel Additives Market https://www.maximizemarketresearch.com/market-report/global-fuel-additives-market/32500/

♦ Packaged Food Market https://www.maximizemarketresearch.com/market-report/packaged-food-market/122151/

♦ Silicon On Insulator (SOI) Market https://www.maximizemarketresearch.com/market-report/silicon-on-insulator-soi-market/11657/

♦ Stacker Crane Market https://www.maximizemarketresearch.com/market-report/stacker-crane-market/161538/

♦ Global Cumene Market https://www.maximizemarketresearch.com/market-report/cumene-market/13867/

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

MAXIMIZE MARKET RESEARCH PVT. LTD.
⮝ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
✆ +91 9607365656
🖂 sales@maximizemarketresearch.com
🌐 www.maximizemarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

This release was published on openPR.