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Oxygen is a chemical element with symbol O and atomic number 8. It is a member of the chalcogen group on the periodic table and is a highly reactive nonmetal and oxidizing agent that readily forms oxides with most elements as well as other compounds. By mass, oxygen is the third-most abundant element in the universe, after hydrogen and helium. At standard temperature and pressure, two atoms of the element bind to form dioxygen, a colorless and odorless diatomic gas with the formula O2. This is an important part of the atmosphere and diatomic oxygen gas constitutes 20.8% of the Earth's atmosphere. Additionally, as oxides the element also makes up almost half of the Earth's crust.
Scope of the Report:
Major factors driving growth of this market include the stable development of metallurgy, ceramics, glass, medical and other industries, the improvement of Oxygen-generating Technology, Decline in production costs, The currently promoting energy-saving and emission-reduction by government.
Asia-Pacific market is expected to become the fastest growing market, increasing product availability is the key point.
Asia-Pacific is poised to grow at the highest CAGR during the forecast period owing to Rapid development of metallurgy, medical treatment and chemical industry, increasing environmental awareness in this region, and rising focus of prominent players on the APAC market increasing technology level.
The average price will fall further
The product average price declined in the past few years due to the technology development, the average price will keep this trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials. Strong market competition is resulting in annual 3 percent price erosion.
Applied to the Medical areas will become a new growth point
Increasing demand for safe and user-friendly technologies, and geriatric population growth with long-term respiratory disorders is expected to global medical oxygen market size over the forecast period. In terms of geography, developed markets of the U.S. and Europe will continue witnessing steady demand, while market will largely be driven by Asia Pacific during forecast period.
The worldwide market for Oxygen is expected to grow at a CAGR of roughly 3.9% over the next five years, will reach 48800 million US$ in 2024, from 38800 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Oxygen in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
- Linde Group
- Air Product
- Taiyo Nippon Sanso
- Air Water
- Yingde Gases
- HANGZHOU HANGYANG
- Baosteel Gases
- Foshan Huate
Market Segment by Regions, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Colombia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
- Medical Oxygen
- Industrial Oxygen
Market Segment by Applications, can be divided into
- Metallurgical Industry
- Chemical Industry
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Oxygen product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Oxygen, with price, sales, revenue and global market share of Oxygen in 2017 and 2018.
Chapter 3, the Oxygen competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Oxygen breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, Oxygen market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe Oxygen sales channel, distributors, customers, research findings and conclusion, appendix and data source.