High Purity Oxygen Market to Surpass US$ 44.5 Bn Driven by High Demand for Metal Production & Fabrication

The global high purity oxygen market is expected to foray ahead on a positive growth trajectory, at a CAGR of 6% across the forecast period (2020-2030). Growth is attributed to increasing demand for high purity oxygen for a range of end uses, including, but not limited to, the steel industry, metal fabrication, welding, healthcare, chemicals, and paper.

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The steel industry has driven the consumption of high purity oxygen during the historical period, and is poised to lead demand over the forecast period too, accounting for near half of the global market share by 2030

Key Takeaways:

• In terms of grade, industrial grade segment is expected to account for over 3/4th of global market share
• Based on supply, onsite & pipeline segment is expected to expand at over 5% CAGR over the forecast period
• Sales of high purity oxygen in medical and healthcare segment is expected to create an absolute $ opportunity of US$ 2 Bn by 2030
• China is expected to spearhead the growth of East Asia high purity oxygen market on the back of increasing applications in chemical industry
• The U.S. is expected to dominate the North America high purity oxygen market with rising expansion of its healthcare industry

Competitive Landscape

As per Fact.MR, the global high purity oxygen market is expected to be consolidated in nature. Tier-1 players are expected to dominate the global market, accounting for nearly 60%-70% of the market share.

These leading players are aiming for organic and inorganic strategies such as mergers, acquisitions, and product development to gain competitive edge in the industry. For instance,
• In June 2020, Peak Gas Generation, leading brand of Peak Scientific and global leader in on-site gas generation for manufacturing and processing industries, announced the launch of its very first oxygen gas generator, the i-Flow O2, to add to its already successful i-Flow range of nitrogen gas generators.

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Key Players in the High Purity Oxygen Market Include:

• SOL Spa
• Taiyo Nippon Sanso Corporation
• Messer Group GmbH
• Yingde Gases Group
• Iwatani Corporation
• Linde PLC
• Air Liquide
• Air Products and Chemicals Inc.
• Others

global high purity oxygen market with a detailed segmentation on the basis of:

Grade:

• Industrial Grade
• Medical Grade
• Electronic Grade
• Others

Supply:

• Onsite & Pipeline
• Merchant & Bulk
• Packaged

End-Use:

• Metal Production & Fabrication
• Chemicals & Refinery
• Medical & Healthcare
• Electronics
• Glass & Ceramics
• Pulp & Paper
• Others

Regions:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• MEA

Key Questions Covered in High Purity Oxygen Market Report

• The report offers insight into the high purity oxygen market demand outlook for 2020-2030.
• The market study also highlights projected sales growth for high purity oxygen market between 2020 and 2030.
• High purity oxygen market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry.
• High purity oxygen market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others.

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What makes Fact.MR report stand out from others?

• MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the High Purity Oxygen market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
• Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the High Purity Oxygen market, thus, making it different and special from other reports.
• Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
• Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the High Purity Oxygen market and assists to create strategies to overcome the obstacles that may hinder the growth of the High Purity Oxygen market.
• Leverage: The High Purity Oxygen market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
• Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
• Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the High Purity Oxygen market.

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Table of Content

1. Global High Purity Oxygen Market - Executive Summary
1.1. Summary of key Findings
1.2. Summary of Statistics
1.3. Megatrends
1.4. Opportunity Assessment
2. Market Overview
2.1. Market Introduction
2.2. Market Definition
2.3. Market Taxonomy
3. Market Risks & Trends Assessment
3.1. Impact of COVID-19 Crisis on High Purity Oxygen Production and Demand
3.2. COVID-19 Impact Benchmark with Previous Crisis
3.2.1. Change in High Purity Oxygen Demand and Consumption Growth
Contd…..

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