Oxygen Global Market Report 2020
February 2020
200
About the Report
About the Report
The oxygen market consists of sales of oxygen and related services used in various applications such as steel mills to oxidize unwanted impurities in the steel. Oxygen is also used in the food industry, medical oxygen for respiration and in oxy-acetylene torches. Oxygen is a colorless non-metallic gas which is highly reactive in nature. Oxygen forms oxides with many compounds and other elements. It is widely used for industrial, medical, and scientific applications as an oxidizing agent or as a catalyst. Oxygen is available in cylinders, spray cans and containers etc.
The global oxygen market was worth USD 37.93 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 11% and reach USD 59.17 billion by 2023.
The Oxygen market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. In 2019, Asia Pacific accounts for around 40% of the market.
The Oxygen market covered in this report is segmented by type into medical oxygen, industrial oxygen, others. It is also segmented by application into cosmetics, pharmaceutical, automobiles, mining, mineral processing applications and others.
Increasing prevalence of various diseases related to breathing problems contributed to the global Oxygen market's growth by increasing use of Oxygen for medical purposes. Diseases such as Chronic Obstructive Pulmonary Disease (COPD) is more prevalent in the geriatric population. COPD is a type of obstructive lung disease that results in long-term breathing problems. COPD requires the use of oxygen concentrator, which is a device that improves the level of oxygen in blood in patients and addresses their breathing problems. According to the United Nations (UN), the global geriatric population was 962 million in 2017 and is expected to reach 2.1 billion by 2050. Also, the Global Burden of Disease Study reports a prevalence of 251 million cases of COPD globally in 2016. Thus, the increased number of such cases has surged the demand for portable oxygen concentrators, therefore driving the Oxygen market's growth.
Lack of safety measures adopted while handling Oxygen in industries such as manufacturing, mining etc. limits the growth of the Oxygen market. Though oxygen is not flammable itself, but it can cause other materials to catch fire. Excess contact with liquid oxygen can cause severe skin and eye irritation and burns as well as frostbite. Further, any leak in oxygen containers if kept in poorly ventilated room can cause severe damage to life and property. For example, in June 2019, an air separation plant (ASU) in China exploded due to the leakage of Oxygen from its equipment. Therefore, lack of safety measures while handling Oxygen negatively affecting the Oxygen market.
Companies involved in the market are developing innovative ways to utilize oxygen in various industries such as medical, chemical etc. The rising need among patients across healthcare services acts as a driving force for the companies to find new innovating ways to improve oxygen delivery. In order to improve the oxygen delivery and to monitor the oxygen dosage to patients in respiratory care facilities, Camcon Medical in 2018 introduced Binary Actuation Technology (BAT). BAT is an innovative solution that aids in providing accurate dosage, reduces wastage by provided cost effective solution to the patients who require oxygen therapy. It is through such innovative methods that entities involved in the oxygen market are able to improve economic benefit of the products.
In October 2018, NGK Spark Plug Co., Ltd., Japan based company involved in spark plugs and technical ceramics business, acquired all the shares of each of CAIRE Inc.(United States), Chart BioMedical Limited(United Kingdom) and Chart BioMedical Co., Ltd.(China) from subsidiaries of Chart Industries, Inc for USD 133.5 million. Through the acquisition NGK Spark Plug aims to expand its global reach while strengthening its product line by utilizing technical support from its acquisitions. All the three acquired companies are involved in oxygen-related product business including oxygen concentrators, liquid oxygen systems and oxygen generation systems used in hospitals and other institutions as their prime business.
Major players in the market are Linde Group, Praxair Technology Inc, Air Liquide, Taiyo Nippon Sanso, Yingde Gases, Air Water Inc, Airgas Inc., Guangdong Haute Gas Co. Ltd, Baosteel Metal Co. Ltd,
Products
Products
1) By Product Type: Medical Oxygen; Industrial Oxygen; Others; 2) By Application: Cosmetics; Pharmaceutical; Automobiles; Mining; Mineral processing applications
Companies
Linde Group
Praxair Technology Inc
Air Liquide
Taiyo Nippon Sanso
Yingde Gases
Air Water Inc
Airgas Inc.
Guangdong Haute Gas Co. Ltd
Baosteel Metal Co. Ltd
Table of Contents
Table of Contents
1. Executive Summary
2. Oxygen Market Characteristics
3. Oxygen Market Size And Growth
3.1. Global Oxygen Historic Market, 2015-2019, USD Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Oxygen Forecast Market, 2019-2023F, 2025F, 2030F, USD Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Oxygen Market Segmentation
4.1. Global Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Medical Oxygen
Industrial Oxygen
Others
4.2. Global Oxygen Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Cosmetics
Pharmaceutical
Automobiles
Mining
Mineral processing applications
5. Oxygen Market Regional And Country Analysis
5.1. Global Oxygen Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
5.2. Global Oxygen Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
6. Asia-Pacific Oxygen Market
6.1. Asia-Pacific Oxygen Market Overview
6.2. Asia-Pacific Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
7. China Oxygen Market
7.1. China Oxygen Market Overview
7.2. China Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,USD Billion
8. India Oxygen Market
8.1. India Oxygen Market Overview
8.2. India Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
9. Japan Oxygen Market
9.1. Japan Oxygen Market Overview
9.2. Japan Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
10. Australia Oxygen Market
10.1. Australia Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
11. Indonesia Oxygen Market
11.1. Indonesia Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
12. South Korea Oxygen Market
12.1. South Korea Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
13. Western Europe Oxygen Market
13.1. Western Europe Oxygen Market Overview
13.2. Western Europe Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
14. UK Oxygen Market
14.1. UK Oxygen Market Overview
14.2. UK Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
15. Germany Oxygen Market
15.1. Germany Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
16. France Oxygen Market
16.3. France Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
17. Eastern Europe Oxygen Market
17.1. Eastern Europe Oxygen Market Overview
17.2. Eastern Europe Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
18. Russia Oxygen Market
18.1. Russia Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
19. North America Oxygen Market
19.1. North America Oxygen Market Overview
19.2. North America Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
20. USA Oxygen Market
20.1. USA Oxygen Market Overview
20.2. USA Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
21. South America Oxygen Market
21.1. South America Oxygen Market Overview
21.2. South America Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
22. Brazil Oxygen Market
22.1. Brazil Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
23. Middle East Oxygen Market
23.1. Middle East Oxygen Market Overview
23.2. Middle East Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
24. Africa Oxygen Market
24.1. Africa Oxygen Market Overview
24.2. Africa Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
25. Oxygen Market Competitive Landscape And Company Profiles
25.1. Oxygen Market Competitive Landscape
25.2. Oxygen Market Company Profiles
25.2.1. Linde Group
25.2.1.1. Overview
25.2.1.2. Products and Services
25.2.1.3. Strategy
25.2.1.4. Financial Performance
25.2.2. Praxair Technology Inc
25.2.2.1. Overview
25.2.2.2. Products and Services
25.2.2.3. Strategy
25.2.2.4. Financial Performance
25.2.3. Air Liquide
25.2.3.1. Overview
25.2.3.2. Products and Services
25.2.3.3. Strategy
25.2.3.4. Financial Performance
25.2.4. Taiyo Nippon Sanso
25.2.4.1. Overview
25.2.4.2. Products and Services
25.2.4.3. Strategy
25.2.4.4. Financial Performance
25.2.5. Yingde Gases
25.2.5.1. Overview
25.2.5.2. Products and Services
25.2.5.3. Strategy
25.2.5.4. Financial Performance
26. Key Mergers And Acquisitions In The Oxygen Market
27. Oxygen Market Trends And Strategies
28. Oxygen Market Future Outlook and Potential Analysis
29. Appendix
29.1. Abbreviations
29.2. Currencies
29.3. Research Inquiries
29.4. The Business Research Company
29.5. Copyright And Disclaimer
List of Figure
Figure 1: Global Historic Market Growth, 2015-2019, USD Billion
Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 3: Global Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 4: Global Oxygen Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 5: Global Oxygen Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 6: Global Oxygen Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 7: Asia-Pacific, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 8: China, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 9: India, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 10: Japan, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 11: Australia, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 12: Indonesia, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 13: South Korea, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 14: Western Europe, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 15: UK, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 16: Germany, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 17: France, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 18: Eastern Europe, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 19: Russia, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 20: North America, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 21: USA, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 22: South America, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 23: Brazil, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 24: Middle East, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 25: Africa, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 26: Linde Group Financial Performance
Figure 27: Praxair Technology Inc Financial Performance
Figure 28: Air Liquide Financial Performance
Figure 29: Taiyo Nippon Sanso Financial Performance
Figure 30: Yingde Gases Financial Performance
List of Table
Table 1: Global Historic Market Growth, 2015-2019, USD Billion
Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 3: Global Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 4: Global Oxygen Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 5: Global Oxygen Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 6: Global Oxygen Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 7: Asia-Pacific, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 8: China, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 9: India, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 10: Japan, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 11: Australia, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 12: Indonesia, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 13: South Korea, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 14: Western Europe, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 15: UK, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 16: Germany, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 17: France, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 18: Eastern Europe, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 19: Russia, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 20: North America, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 21: USA, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 22: South America, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 23: Brazil, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 24: Middle East, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 25: Africa, Oxygen Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 26: Linde Group Financial Performance
Table 27: Praxair Technology Inc Financial Performance
Table 28: Air Liquide Financial Performance
Table 29: Taiyo Nippon Sanso Financial Performance
Table 30: Yingde Gases Financial Performance
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