Los Angeles, CA -- (SBWire) -- 04/23/2019 --Industrial oxygen is produced by air separation processes. The application of oxygen stem is mainly on its oxidizing and life-sustaining properties.
Industrial gases are used in a variety of purity grades and for a wide range of purposes, including food gases and medical gases. Industrial gases can make production processes safer and more cost-effective and improve product quality. They often contribute to environmental protection. Some processes and applications would even be inconceivable without the chemical properties of gases. Oxygen is one of the most widely used gases. Among various application, steel industry accounts for the largest consumption share of industrial oxygen, which was 47.56%.
According to its production process, industrial gases can be dived into atmospheric gases and process gases. For atmospheric gases, the raw material is air and the key production unit is air separation plant. Oxygen is mainly produced via air separation plant. When considering the industry oxygen supply mode, three modes are preferred: on-site, bulk/merchant and packaged/cylinder. Each supply mode has its own characteristics and all of industrial gases manufacturers operate their gas business under the three modes. Globally, on-site type oxygen accounts for about 50%
The global Industrial Oxygen market was 43100 million US$ in 2018 and is expected to 68200 million US$ by the end of 2025, growing at a CAGR of 6.8% between 2019 and 2025.
This report studies the Industrial Oxygen market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Industrial Oxygen in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Linde Group
Air Liquide
Praxair
Air Products and Chemicals
Taiyo Nippon Sanso
Air Water
Messer
Yingde Gases
SOL
Norco
Gulf Cryo
SIG Gases Berhad
By the product type, the market is primarily split into
On-Site Type
Bulk Type
Cylinder Type
By the end users/application, this report covers the following segments
Steel Industry
Chemical Industry
Copper and Aluminium
Synthesis Gas
Waste Water Treatment
Pulp and Paper Industry
Food & Beverage
Plastic Industry
Semi-Conductors
Key Regions split in this report:
North America
Asia-Pacific
Europe
Central & South America
Middle East & Africa
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Industrial Oxygen Market Growing at 6.8% CAGR Will Hit 68200 Million US$ in 2025